Paradigm Value Correlations

PVFAX Fund

USD 50.03 0.37 0.73%

The correlation of Paradigm Value 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.

Paradigm Value Correlation With Market

Very weak diversification

The correlation between Paradigm Value Fund and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradigm Value Fund 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 Paradigm Value Fund. 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 nation.

Moving together with Paradigm Mutual Fund

0.78	PFSLX	Paradigm Select	Pair Corr
0.91	PVIVX	Paradigm Micro Cap	Pair Corr
0.77	VSMAX	Vanguard Small Cap	Pair Corr
0.77	VSCIX	Vanguard Small Cap	Pair Corr
0.77	VSCPX	Vanguard Small Cap	Pair Corr
0.77	NAESX	Vanguard Small Cap	Pair Corr
0.82	FSSNX	Fidelity Small Cap	Pair Corr
0.8	DFSTX	Us Small Cap	Pair Corr
0.78	PASVX	T Rowe Price	Pair Corr
0.77	PRVIX	T Rowe Price	Pair Corr
0.76	TRZVX	T Rowe Price	Pair Corr
0.77	PRSVX	T Rowe Price	Pair Corr
0.83	ASG	Liberty All Star	Pair Corr
0.81	IIF	Morgan Stanley India	Pair Corr
0.73	IFN	India Closed Normal Trading	Pair Corr
0.61	CRF	Cornerstone Strategic	Pair Corr

Moving against Paradigm Mutual Fund

0.87	PRREX	Putnam Absolute Return	Pair Corr
0.83	QREARX	Teachers Insurance And	Pair Corr
0.75	JEEIX	John Hancock Enduring	Pair Corr
0.72	TYEFX	American Funds Tax	Pair Corr
0.69	PDSQX	Prudential Short Duration	Pair Corr
0.69	FIAIX	Fidelity Advisor Sus	Pair Corr
0.68	COMVX	Comstock Capital Value	Pair Corr
0.68	PTRGX	Putman Absolute Return	Pair Corr
0.68	DPRFX	Delaware Diversified	Pair Corr
0.66	IUCEX	Jpmorgan International	Pair Corr
0.48	FOKPX	Oklahoma College Savings	Pair Corr
0.44	JEMCX	Jpmorgan Emerging Markets	Pair Corr
0.41	JAEOX	John Hancock Variable	Pair Corr
0.31	MGBKX	Mfs Global Bond	Pair Corr
0.83	VFFIX	Victory Incore	Pair Corr
0.79	PEGPX	Pimco Esg Income	Pair Corr

Related Correlations Analysis

	PREOX	RYVFX	RYVPX	WWNPX	TGIGX
PREOX		0.0	0.0	0.0	0.0	PREOX
RYVFX	0.0		0.9	0.05	0.0	RYVFX
RYVPX	0.0	0.9		0.29	0.0	RYVPX
WWNPX	0.0	0.05	0.29		0.0	WWNPX
TGIGX	0.0	0.0	0.0	0.0		TGIGX
	PREOX	RYVFX	RYVPX	WWNPX	TGIGX

Click cells to compare fundamentals

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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

RYVPX	+ 0.9	RYVFX
WWNPX	+ 0.29	RYVPX
WWNPX	+ 0.05	RYVFX
RYVFX	+ 0.0	PREOX
RYVPX	+ 0.0	PREOX
WWNPX	+ 0.0	PREOX

High negative correlations

TGIGX	- 0.0	WWNPX
TGIGX	- 0.0	RYVPX
TGIGX	- 0.0	RYVFX
TGIGX	- 0.0	PREOX
WWNPX	- 0.0	PREOX
RYVPX	- 0.0	PREOX

Risk-Adjusted Indicators

There is a big difference between Paradigm Mutual Fund performing well and Paradigm Value 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 Paradigm Value'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
PREOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYVFX	0.82	(0.18)	0.00	(0.28)	0.00	0.00	1.41	(2.04)	4.65
RYVPX	1.15	(0.09)	0.00	(0.15)	0.00	0.00	1.85	(3.26)	6.36
WWNPX	1.95	0.10	0.03	0.02	3.15	(1.72)	3.88	(5.25)	11.55
TGIGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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