Fpa Queens Correlations

QRSIX Fund

USD 38.38 0.17 0.44%

The current 90-days correlation between Fpa Queens Road and Wesmark Government Bond is 0.23 (i.e., Modest 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 0.55 (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 gross domestic product.

Moving together with Fpa Mutual Fund

1.0	QRSAX	Fpa Queens Road	Pair Corr
0.93	QRSVX	Queens Road Small	Pair Corr
0.89	QRVLX	Queens Road Value	Pair Corr
0.84	FPCSX	Fpa Crescent	Pair Corr
0.74	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
0.87	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
0.9	AVFIX	American Beacon Small	Pair Corr
0.61	ABCVX	American Beacon	Pair Corr

Moving against Fpa Mutual Fund

0.42	FPNIX	Fpa New Income	Pair Corr
0.4	FPNRX	Fpa New Income	Pair Corr
0.38	FFIAX	Fpa Flexible Fixed	Pair Corr
0.37	FPFIX	Fpa Flexible Fixed	Pair Corr
0.48	FXIDX	Fixed Income Shares	Pair Corr
0.35	FSUGX	American Funds Government	Pair Corr
0.33	ABQYX	Ab Intermediate Bond	Pair Corr

Related Correlations Analysis

	WMBDX	GSOIX	GCMVX	USGFX	DCCGX	AMHIX	AUNTX
WMBDX		1.0	0.91	0.99	0.99	0.89	0.76	WMBDX
GSOIX	1.0		0.9	1.0	0.98	0.88	0.75	GSOIX
GCMVX	0.91	0.9		0.88	0.91	0.99	0.88	GCMVX
USGFX	0.99	1.0	0.88		0.97	0.86	0.73	USGFX
DCCGX	0.99	0.98	0.91	0.97		0.9	0.77	DCCGX
AMHIX	0.89	0.88	0.99	0.86	0.9		0.88	AMHIX
AUNTX	0.76	0.75	0.88	0.73	0.77	0.88		AUNTX
	WMBDX	GSOIX	GCMVX	USGFX	DCCGX	AMHIX	AUNTX

Click cells to compare fundamentals

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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
WMBDX	0.25	0.02	0.25	0.50	0.23	(0.31)	0.63	(0.51)	1.43
GSOIX	0.24	0.02	0.28	0.45	0.22	(0.28)	0.62	(0.46)	1.42
GCMVX	0.10	(0.01)	0.00	(0.45)	0.00	0.00	0.20	(0.30)	0.60
USGFX	0.25	0.02	0.29	0.72	0.23	(0.31)	0.51	(0.43)	1.55
DCCGX	0.20	0.01	0.31	0.26	0.18	(0.25)	0.41	(0.40)	1.23
AMHIX	0.19	(0.01)	0.00	(0.29)	0.00	0.00	0.40	(0.46)	1.12
AUNTX	0.12	0.00	0.25	(0.30)	0.16	(0.18)	0.28	(0.28)	0.76

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