Palm Valley Correlations
| PVCIX Fund | 13.09 0.01 0.08% |
The current 90-days correlation between Palm Valley Capital and Ab Global Bond is 0.06 (i.e., Significant diversification). The correlation of Palm Valley 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.
Palm Valley Correlation With Market
Good diversification
The correlation between Palm Valley Capital and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palm Valley Capital and DJI in the same portfolio, assuming nothing else is changed.
Palm |
Moving together with Palm Mutual Fund
| 0.78 | PVCMX | Palm Valley Capital | PairCorr |
| 0.72 | ASTZX | Astor Long/short | PairCorr |
| 0.71 | FLACX | Fidelity Stock Selector | PairCorr |
| 0.86 | RSGGX | Victory Rs Global | PairCorr |
| 0.64 | PFN | Pimco Income Strategy | PairCorr |
| 0.8 | FMCMX | American Funds Amcap | PairCorr |
| 0.61 | PFRIX | Prudential Floating Rate | PairCorr |
| 0.75 | AMTOX | Ab All Market | PairCorr |
| 0.69 | TRLCX | Tiaa-cref Large-cap | PairCorr |
| 0.62 | FRTSX | Franklin Lifesmart 2020 | PairCorr |
| 0.79 | FLCNX | Fidelity Contrafund | PairCorr |
| 0.65 | OHYFX | Jpmorgan High Yield | PairCorr |
| 0.79 | PCWPX | Strategic Asset Mana | PairCorr |
Moving against Palm Mutual Fund
Related Correlations Analysis
| 0.04 | 0.64 | 0.5 | -0.01 | -0.25 | 0.7 | ANAZX | ||
| 0.04 | -0.09 | 0.76 | 0.73 | 0.44 | 0.4 | PRVBX | ||
| 0.64 | -0.09 | 0.39 | 0.04 | 0.23 | 0.74 | USCBX | ||
| 0.5 | 0.76 | 0.39 | 0.51 | 0.31 | 0.74 | MFIRX | ||
| -0.01 | 0.73 | 0.04 | 0.51 | 0.4 | 0.41 | CCD | ||
| -0.25 | 0.44 | 0.23 | 0.31 | 0.4 | 0.16 | IOBZX | ||
| 0.7 | 0.4 | 0.74 | 0.74 | 0.41 | 0.16 | PATFX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Palm Mutual Fund performing well and Palm Valley 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 Palm Valley'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANAZX | 0.18 | (0.01) | 0.00 | 1.22 | 0.00 | 0.29 | 0.86 | |||
| PRVBX | 0.09 | 0.00 | (0.87) | 0.49 | 0.00 | 0.20 | 0.53 | |||
| USCBX | 0.16 | 0.02 | (0.25) | (0.07) | 0.23 | 0.39 | 1.74 | |||
| MFIRX | 0.09 | 0.00 | (0.47) | 0.21 | 0.00 | 0.19 | 0.76 | |||
| CCD | 0.75 | (0.01) | (0.08) | 0.08 | 0.90 | 1.88 | 4.88 | |||
| IOBZX | 0.10 | 0.01 | (0.61) | 1.01 | 0.00 | 0.23 | 0.46 | |||
| PATFX | 0.16 | 0.02 | (0.24) | (0.08) | 0.22 | 0.44 | 1.69 |