Power Dividend Correlations

PWDCX Fund

USD 9.11 0.46 4.81%

The current 90-days correlation between Power Dividend Index and Power Income Fund is 0.15 (i.e., Average diversification). The correlation of Power Dividend 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.

Power Dividend Correlation With Market

Average diversification

The correlation between Power Dividend Index and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Dividend Index 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 Power Dividend Index. 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 main economic indicators.

Moving together with Power Mutual Fund

0.66	MOJCX	Power Momentum Index	Pair Corr
0.68	MOJAX	Power Momentum Index	Pair Corr
0.68	MOJOX	Power Momentum Index	Pair Corr
0.87	GTAAX	Power Global Tactical	Pair Corr
0.87	GTAIX	Power Global Tactical	Pair Corr
1.0	PWDAX	Power Dividend Index	Pair Corr
1.0	PWDIX	Power Dividend Index	Pair Corr
0.9	VVIAX	Vanguard Value Index	Pair Corr
0.76	AIVSX	Investment Of America	Pair Corr
0.75	VMCIX	Vanguard Mid Cap	Pair Corr
0.7	SCQGX	Deutsche Large Cap	Pair Corr
0.67	AMECX	Income Fund	Pair Corr

Related Correlations Analysis

	PWRAX	PWRCX	PWRIX	MOJCX	MOJAX	MOJOX	FLOTX	GTAAX	GTAIX
PWRAX		0.99	0.88	0.38	0.4	0.4	0.39	0.56	0.56	PWRAX
PWRCX	0.99		0.87	0.27	0.3	0.3	0.26	0.5	0.5	PWRCX
PWRIX	0.88	0.87		0.42	0.43	0.43	0.38	0.66	0.66	PWRIX
MOJCX	0.38	0.27	0.42		0.93	0.93	0.83	0.88	0.88	MOJCX
MOJAX	0.4	0.3	0.43	0.93		1.0	0.85	0.81	0.81	MOJAX
MOJOX	0.4	0.3	0.43	0.93	1.0		0.85	0.81	0.81	MOJOX
FLOTX	0.39	0.26	0.38	0.83	0.85	0.85		0.6	0.61	FLOTX
GTAAX	0.56	0.5	0.66	0.88	0.81	0.81	0.6		1.0	GTAAX
GTAIX	0.56	0.5	0.66	0.88	0.81	0.81	0.61	1.0		GTAIX
	PWRAX	PWRCX	PWRIX	MOJCX	MOJAX	MOJOX	FLOTX	GTAAX	GTAIX

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Risk-Adjusted Indicators

There is a big difference between Power Mutual Fund performing well and Power Dividend 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 Power Dividend'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
PWRAX	0.14	(0.02)	0.00	(1.29)	0.00	0.00	0.33	(0.44)	1.43
PWRCX	0.14	(0.03)	0.00	(1.22)	0.00	0.00	0.33	(0.45)	1.34
PWRIX	0.14	(0.02)	0.00	(0.83)	0.00	0.00	0.33	(0.44)	1.54
MOJCX	0.67	0.02	0.02	0.05	1.04	(0.63)	1.55	(1.37)	6.50
MOJAX	0.67	0.04	0.03	0.20	1.01	(0.66)	1.70	(1.36)	6.46
MOJOX	0.67	0.05	0.03	0.21	1.01	(0.66)	1.67	(1.33)	6.48
FLOTX	0.05	0.01	(0.10)	0.22	0.00	(0.11)	0.10	(0.10)	0.41
GTAAX	0.26	(0.03)	0.00	(0.06)	0.00	0.00	0.63	(0.46)	2.54
GTAIX	0.26	(0.03)	0.00	(0.06)	0.00	0.00	0.63	(0.46)	2.55

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Power Dividend Correlations

Power Dividend Correlation With Market

Average diversification

Moving together with Power Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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