Plumb Equity Correlations

PLAEX Fund

USD 28.12 0.45 1.63%

The current 90-days correlation between Plumb Equity and Growth Allocation Fund is 0.08 (i.e., Significant diversification). The correlation of Plumb Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Plumb Equity Correlation With Market

Significant diversification

The correlation between Plumb Equity and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plumb Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Plumb Mutual Fund

0.62	PLBBX	Plumb Balanced	Pair Corr
0.9	PLBEX	Plumb Equity	Pair Corr
0.71	PLABX	Plumb Balanced	Pair Corr
0.71	PLIBX	Plumb Balanced	Pair Corr
1.0	PLIEX	Plumb Equity	Pair Corr
0.83	FAFGX	American Funds	Pair Corr
0.83	FFAFX	American Funds	Pair Corr
0.81	GFACX	Growth Fund	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr
0.85	AGTHX	Growth Fund	Pair Corr
0.83	CGFFX	Growth Fund	Pair Corr
0.81	CGFCX	Growth Fund	Pair Corr
0.83	CGFAX	Growth Fund	Pair Corr
0.76	CGFEX	Growth Fund	Pair Corr
0.83	RGAEX	Growth Fund	Pair Corr

Moving against Plumb Mutual Fund

0.87	USPSX	Profunds Ultrashort	Pair Corr
0.94	UIPIX	Ultrashort Mid Cap	Pair Corr
0.88	USPIX	Profunds Ultrashort	Pair Corr
0.66	WFUNX	Allspring Ultra Short	Pair Corr
0.65	COSYX	Columbia Overseas Value	Pair Corr
0.62	FTCAX	Templeton Strained Bond	Pair Corr
0.61	BILDX	Doubleline Infrastructure	Pair Corr
0.59	PDI	Pimco Dynamic Income	Pair Corr
0.58	VSIEX	Jpmorgan International	Pair Corr
0.57	NERCX	Neuberger Berman Emerging	Pair Corr
0.5	TRERX	Tiaa Cref International	Pair Corr
0.79	GGIFX	Victory Incore	Pair Corr
0.79	TCSGX	Sdit Short Duration	Pair Corr

Related Correlations Analysis

	GGRYX	GBAYX	CMACX	DOXGX	MAANX	TACLX	NQCRX
GGRYX		0.89	0.91	0.91	0.69	0.87	0.79	GGRYX
GBAYX	0.89		0.75	0.9	0.64	0.95	0.83	GBAYX
CMACX	0.91	0.75		0.72	0.83	0.78	0.76	CMACX
DOXGX	0.91	0.9	0.72		0.49	0.88	0.75	DOXGX
MAANX	0.69	0.64	0.83	0.49		0.65	0.83	MAANX
TACLX	0.87	0.95	0.78	0.88	0.65		0.84	TACLX
NQCRX	0.79	0.83	0.76	0.75	0.83	0.84		NQCRX
	GGRYX	GBAYX	CMACX	DOXGX	MAANX	TACLX	NQCRX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Plumb Mutual Fund performing well and Plumb Equity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Plumb Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GGRYX	0.53	(0.04)	0.26	1.01	(1.15)	3.13
GBAYX	0.36	0.01	(0.06)	0.68	(0.76)	2.16
CMACX	0.48	(0.07)	0.53	0.88	(1.21)	2.74
DOXGX	0.63	(0.02)	0.14	1.30	(1.41)	3.35
MAANX	0.70	(0.05)	(0.18)	1.13	(1.48)	3.68
TACLX	0.68	(0.01)	(0.11)	1.26	(1.49)	3.10
NQCRX	0.75	(0.01)	(0.11)	1.42	(2.01)	4.95

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