Fisher Investments Correlations

QDIBX Fund

USD 8.82 0.01 0.11%

The current 90-days correlation between Fisher Fixed Income and Fisher Small Cap is 0.24 (i.e., Modest diversification). The correlation of Fisher Investments 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.

Fisher Investments Correlation With Market

Average diversification

The correlation between Fisher Fixed Income and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fisher Fixed Income 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 Fisher Fixed Income. 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 bureau of labor statistics.

Moving together with Fisher Mutual Fund

0.86	IAFEX	Fisher All Foreign	Pair Corr
0.84	TMPFX	Tactical Multi Purpose	Pair Corr
1.0	QDVBX	Fisher Investments	Pair Corr
0.99	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
0.99	FBOFX	American Funds	Pair Corr
0.99	FFBOX	American Funds	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
0.99	ABNDX	Bond Fund	Pair Corr
1.0	HRBDX	Harbor Bond Fund	Pair Corr
0.9	FFLQX	Franklin Federal Lim	Pair Corr
0.99	VICSX	Vanguard Intermediate-ter	Pair Corr
0.92	LIRRX	Lord Abbett International	Pair Corr
0.79	SAEMX	Sa Emerging Markets	Pair Corr
0.91	VMLTX	Vanguard Limited Term	Pair Corr
0.82	FQITX	Fidelity Salem Street	Pair Corr
0.69	ALVGX	Large Pany Value	Pair Corr
0.81	VGWAX	Vanguard Global Well	Pair Corr
0.82	CTYCX	American Funds Lege	Pair Corr

Moving against Fisher Mutual Fund

0.77	IUSCX	Fisher Investments	Pair Corr
0.56	ILESX	Fisher Investments	Pair Corr
0.77	SMPIX	Semiconductor Ultrasector	Pair Corr
0.74	SMPSX	Semiconductor Ultrasector	Pair Corr
0.58	RGNCX	Victory Global Natural	Pair Corr
0.56	RSNYX	Victory Global Natural	Pair Corr
0.56	RSNRX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	IUSCX	QDVBX	QDVSX	IAFEX	TMPFX	MNDVUX	NWWAX	SMGASX
IUSCX		-0.76	0.59	-0.62	-0.74	0.27	0.0	0.0	IUSCX
QDVBX	-0.76		-0.09	0.86	0.83	0.23	0.0	0.0	QDVBX
QDVSX	0.59	-0.09		0.17	-0.14	0.71	0.0	0.0	QDVSX
IAFEX	-0.62	0.86	0.17		0.91	0.46	0.0	0.0	IAFEX
TMPFX	-0.74	0.83	-0.14	0.91		0.3	0.0	0.0	TMPFX
MNDVUX	0.27	0.23	0.71	0.46	0.3		0.0	0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMGASX
	IUSCX	QDVBX	QDVSX	IAFEX	TMPFX	MNDVUX	NWWAX	SMGASX

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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

TMPFX	+ 0.91	IAFEX
IAFEX	+ 0.86	QDVBX
TMPFX	+ 0.83	QDVBX
MNDVUX	+ 0.71	QDVSX
QDVSX	+ 0.59	IUSCX
MNDVUX	+ 0.46	IAFEX

High negative correlations

QDVBX	- 0.76	IUSCX
TMPFX	- 0.74	IUSCX
IAFEX	- 0.62	IUSCX
TMPFX	- 0.14	QDVSX
QDVSX	- 0.09	QDVBX
SMGASX	- 0.0	NWWAX

Risk-Adjusted Indicators

There is a big difference between Fisher Mutual Fund performing well and Fisher Investments 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 Fisher Investments' 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
IUSCX	0.95	(0.19)	0.00	(0.26)	0.00	0.00	1.67	(2.79)	5.08
QDVBX	0.24	0.02	0.27	0.62	0.20	(0.31)	0.58	(0.47)	1.42
QDVSX	0.80	(0.04)	0.00	(0.13)	0.00	0.00	1.27	(1.59)	4.63
IAFEX	0.74	0.14	0.19	0.22	0.79	(0.79)	1.77	(1.25)	5.53
TMPFX	0.03	0.01	0.00	1.18	0.00	0.00	0.10	0.00	0.10
MNDVUX	0.66	0.08	0.12	0.06	0.82	(0.66)	1.23	(1.22)	3.65
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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