Quantified Common Correlations

QCGDX Fund

USD 14.49 0.07 0.48%

The current 90-days correlation between Quantified Common Ground and Iaadx is 0.13 (i.e., Average diversification). The correlation of Quantified Common 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.

Quantified Common Correlation With Market

Poor diversification

The correlation between Quantified Common Ground and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Common Ground 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 Quantified Common Ground. 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 unemployment.

Moving together with Quantified Mutual Fund

0.77	SAPEX	Spectrum Advisors	Pair Corr
0.87	QMLAX	Quantified Market Leaders	Pair Corr
0.81	QMLFX	Quantified Market Leaders	Pair Corr
0.85	QRDTX	Quantified Rising	Pair Corr
0.92	QALAX	Quantified Alternative	Pair Corr
0.9	QALTX	Quantified Alternative	Pair Corr
0.93	QSPMX	Quantified Pattern	Pair Corr
0.73	QSTFX	Quantified Stf	Pair Corr
0.72	QSTAX	Quantified Stf	Pair Corr
0.91	QTSSX	Quantified Tactical	Pair Corr
0.94	VIMAX	Vanguard Mid Cap	Pair Corr
0.94	VIMSX	Vanguard Mid Cap	Pair Corr
0.94	VMCPX	Vanguard Mid Cap	Pair Corr
0.94	VMCIX	Vanguard Mid Cap	Pair Corr
0.85	VEXAX	Vanguard Extended Market	Pair Corr
0.92	VEMPX	Vanguard Extended Market	Pair Corr
0.76	VIEIX	Vanguard Extended Market	Pair Corr
0.92	VSEMX	Vanguard Extended Market	Pair Corr
0.92	VEXMX	Vanguard Extended Market	Pair Corr
0.92	FSMAX	Fidelity Extended Market	Pair Corr

Moving against Quantified Mutual Fund

0.79	QGITX	Quantified Government	Pair Corr
0.45	QFITX	Quantified Tactical Fixed	Pair Corr
0.44	MWERX	Metwest Esg Securitized	Pair Corr

Related Correlations Analysis

	IAADX	WMCANX	FZNOPX	XHYIX	FFCGX	OPTCX	FADZX
IAADX		0.24	-0.25	-0.05	0.27	0.69	0.57	IAADX
WMCANX	0.24		0.74	0.47	0.96	0.14	-0.04	WMCANX
FZNOPX	-0.25	0.74		0.42	0.73	-0.09	-0.46	FZNOPX
XHYIX	-0.05	0.47	0.42		0.48	-0.24	0.0	XHYIX
FFCGX	0.27	0.96	0.73	0.48		0.23	-0.13	FFCGX
OPTCX	0.69	0.14	-0.09	-0.24	0.23		0.2	OPTCX
FADZX	0.57	-0.04	-0.46	0.0	-0.13	0.2		FADZX
	IAADX	WMCANX	FZNOPX	XHYIX	FFCGX	OPTCX	FADZX

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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

FFCGX	+ 0.96	WMCANX
FZNOPX	+ 0.74	WMCANX
FFCGX	+ 0.73	FZNOPX
OPTCX	+ 0.69	IAADX
FADZX	+ 0.57	IAADX
FFCGX	+ 0.48	XHYIX

High negative correlations

FADZX	- 0.46	FZNOPX
FZNOPX	- 0.25	IAADX
OPTCX	- 0.24	XHYIX
FADZX	- 0.13	FFCGX
OPTCX	- 0.09	FZNOPX
XHYIX	- 0.05	IAADX

Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Common 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 Quantified Common'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
IAADX	0.20	0.01	0.29	0.10	0.17	(0.26)	0.44	(0.33)	0.88
WMCANX	0.60	0.04	0.08	0.00	0.77	(0.66)	1.37	(1.29)	3.48
FZNOPX	0.75	0.02	0.00	(0.03)	0.00	0.00	1.55	(1.63)	3.75
XHYIX	0.16	(0.03)	0.00	0.87	0.00	0.00	0.25	(0.49)	1.31
FFCGX	0.73	0.02	0.00	(0.04)	0.00	0.00	1.37	(1.56)	4.66
OPTCX	0.07	(0.01)	0.25	1.05	0.08	(0.17)	0.21	(0.21)	0.93
FADZX	0.10	0.01	0.53	(0.63)	0.00	(0.15)	0.20	(0.20)	0.50

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