Cref Money Correlations

QCMMIX Fund

USD 30.11 0.01 0.03%

The current 90-days correlation between Cref Money Market and Ftufox is -0.06 (i.e., Good diversification). The correlation of Cref Money 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.

Cref Money Correlation With Market

Good diversification

The correlation between Cref Money Market and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Money Market 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 Cref Money Market. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Cref Fund

0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.81	GAAVX	Gmo Alternative Allo	Pair Corr
0.74	GABFX	Gmo Asset Allocation	Pair Corr
0.83	GHVIX	Gmo High Yield	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.93	JNJ	Johnson Johnson	Pair Corr
0.91	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr

Moving against Cref Fund

0.67	GCAVX	Gmo Small Cap	Pair Corr
0.5	VTSAX	Vanguard Total Stock	Pair Corr
0.5	VTSMX	Vanguard Total Stock	Pair Corr
0.5	VITSX	Vanguard Total Stock	Pair Corr
0.5	VSTSX	Vanguard Total Stock	Pair Corr
0.5	VSMPX	Vanguard Total Stock	Pair Corr
0.5	GMCQX	Gmo Equity Allocation	Pair Corr
0.47	VFIAX	Vanguard 500 Index	Pair Corr
0.47	VFINX	Vanguard 500 Index	Pair Corr
0.47	VFFSX	Vanguard 500 Index	Pair Corr
0.87	MSFT	Microsoft	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.58	MRK	Merck Company	Pair Corr
0.52	AXP	American Express	Pair Corr

Related Correlations Analysis

	FTUFOX	FVKVWX	FFCGX	FBJYGX	FZNOPX	RTIUX	RPBAX
FTUFOX		-0.16	-0.05	0.78	-0.39	0.51	0.27	FTUFOX
FVKVWX	-0.16		0.64	0.14	0.7	0.18	0.44	FVKVWX
FFCGX	-0.05	0.64		0.17	0.73	0.43	0.77	FFCGX
FBJYGX	0.78	0.14	0.17		-0.28	0.73	0.36	FBJYGX
FZNOPX	-0.39	0.7	0.73	-0.28		-0.06	0.36	FZNOPX
RTIUX	0.51	0.18	0.43	0.73	-0.06		0.41	RTIUX
RPBAX	0.27	0.44	0.77	0.36	0.36	0.41		RPBAX
	FTUFOX	FVKVWX	FFCGX	FBJYGX	FZNOPX	RTIUX	RPBAX

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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

FBJYGX	+ 0.78	FTUFOX
RPBAX	+ 0.77	FFCGX
FZNOPX	+ 0.73	FFCGX
RTIUX	+ 0.73	FBJYGX
FZNOPX	+ 0.7	FVKVWX
FFCGX	+ 0.64	FVKVWX

High negative correlations

FZNOPX	- 0.39	FTUFOX
FZNOPX	- 0.28	FBJYGX
FVKVWX	- 0.16	FTUFOX
RTIUX	- 0.06	FZNOPX
FFCGX	- 0.05	FTUFOX

Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Money 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 Cref Money'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
FTUFOX	0.10	0.01	0.59	0.24	0.00	(0.10)	0.20	(0.19)	0.60
FVKVWX	0.74	0.11	0.12	0.14	1.04	(0.75)	1.50	(1.67)	4.47
FFCGX	0.73	0.02	0.00	(0.04)	0.00	0.00	1.37	(1.56)	4.66
FBJYGX	0.71	0.17	0.21	0.26	0.79	(0.73)	1.84	(1.37)	5.64
FZNOPX	0.75	0.02	0.00	(0.03)	0.00	0.00	1.55	(1.63)	3.75
RTIUX	0.61	0.10	0.16	0.14	0.76	(0.66)	1.47	(1.45)	5.02
RPBAX	0.56	(0.05)	0.00	(0.17)	0.00	0.00	0.93	(1.07)	6.85

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