Palm Valley Correlations

PVCMX Fund

USD 12.22 0.02 0.16%

The current 90-days correlation between Palm Valley Capital and Horizon Kinetics Inflation is 0.13 (i.e., Average 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

Average diversification

The correlation between Palm Valley Capital and DJI is 0.15 (i.e., Average 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palm Valley Capital. 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 population.

Moving together with Palm Mutual Fund

1.0	PVCIX	Palm Valley Capital	Pair Corr
0.68	AVFIX	American Beacon Small	Pair Corr
0.62	MQY	Blackrock Muniyield	Pair Corr

Moving against Palm Mutual Fund

0.45

FGXXX

First American Funds

Pair Corr

Related Correlations Analysis

	INFL	PFIX	REMIX	GRHIX	ZIG
INFL		-0.08	-0.12	0.59	-0.11	INFL
PFIX	-0.08		0.64	0.58	0.62	PFIX
REMIX	-0.12	0.64		0.56	0.94	REMIX
GRHIX	0.59	0.58	0.56		0.59	GRHIX
ZIG	-0.11	0.62	0.94	0.59		ZIG
	INFL	PFIX	REMIX	GRHIX	ZIG

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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

ZIG	+ 0.94	REMIX
REMIX	+ 0.64	PFIX
ZIG	+ 0.62	PFIX
GRHIX	+ 0.59	INFL
ZIG	+ 0.59	GRHIX
GRHIX	+ 0.58	PFIX

High negative correlations

REMIX	- 0.12	INFL
ZIG	- 0.11	INFL
PFIX	- 0.08	INFL

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
INFL	0.89	0.10	0.10	0.08	1.19	(0.92)	1.91	(2.08)	4.85
PFIX	1.90	(0.01)	0.00	(0.12)	0.00	0.00	4.06	(4.05)	10.66
REMIX	0.54	(0.09)	0.00	(0.29)	0.00	0.00	0.91	(1.45)	2.88
GRHIX	1.19	0.05	0.04	0.02	1.92	(1.05)	2.48	(3.27)	8.58
ZIG	0.86	(0.15)	0.00	(0.24)	0.00	0.00	1.41	(2.00)	5.01

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