Fpa Queens Correlations

QRSAX Fund

USD 38.32 0.17 0.44%

The current 90-days correlation between Fpa Queens Road and Sprucegrove International Equity is 0.57 (i.e., Very weak diversification). The correlation of Fpa Queens 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.

Fpa Queens Correlation With Market

Very weak diversification

The correlation between Fpa Queens Road and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Queens Road 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 Fpa Queens Road. 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 Fpa Mutual Fund

1.0	QRSIX	Fpa Queens Road	Pair Corr
1.0	QRSVX	Queens Road Small	Pair Corr
0.89	QRVLX	Queens Road Value	Pair Corr
0.82	FPCSX	Fpa Crescent	Pair Corr
0.82	FPFRX	Fpa Crescent	Pair Corr
0.89	VSIIX	Vanguard Small Cap	Pair Corr
0.89	VISVX	Vanguard Small Cap	Pair Corr
0.86	DFSVX	Us Small Cap	Pair Corr
0.88	DFFVX	Us Targeted Value	Pair Corr
0.88	UBVCX	Undiscovered Managers	Pair Corr
0.88	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.89	AVFIX	American Beacon Small	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VINIX	Vanguard Institutional	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr

Moving against Fpa Mutual Fund

0.44	FPNIX	Fpa New Income	Pair Corr
0.43	FPNRX	Fpa New Income	Pair Corr
0.4	FFIAX	Fpa Flexible Fixed	Pair Corr
0.39	FPFIX	Fpa Flexible Fixed	Pair Corr
0.34	SRBFX	Columbia Total Return	Pair Corr
0.31	ITBIX	Hartford Total	Pair Corr

Related Correlations Analysis

	SPRDX	AAEZX	DBLFX	TOIIX	DDCFX	PEIRX
SPRDX		0.86	0.9	0.91	0.89	0.66	SPRDX
AAEZX	0.86		0.88	0.84	0.88	0.47	AAEZX
DBLFX	0.9	0.88		0.92	1.0	0.54	DBLFX
TOIIX	0.91	0.84	0.92		0.92	0.52	TOIIX
DDCFX	0.89	0.88	1.0	0.92		0.51	DDCFX
PEIRX	0.66	0.47	0.54	0.52	0.51		PEIRX
	SPRDX	AAEZX	DBLFX	TOIIX	DDCFX	PEIRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Queens 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 Fpa Queens' 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
SPRDX	0.70	0.04	0.05	(0.01)	1.18	(0.64)	1.35	(1.59)	4.63
AAEZX	0.24	0.02	0.20	0.04	0.28	(0.28)	0.59	(0.39)	1.40
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33
TOIIX	0.66	0.21	0.28	0.34	0.60	(0.74)	1.51	(1.47)	5.44
DDCFX	0.21	0.02	0.34	0.62	0.11	(0.27)	0.54	(0.33)	1.22
PEIRX	0.82	(0.05)	0.00	(0.18)	0.00	0.00	1.57	(1.66)	9.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC