Queens Road Correlations
| QRVLX Fund | USD 30.69 0.11 0.36% |
The current 90-days correlation between Queens Road Value and Invesco Global Health is -0.05 (i.e., Good diversification). The correlation of Queens Road 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.
Queens Road Correlation With Market
Significant diversification
The correlation between Queens Road Value and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Queens Road Value and DJI in the same portfolio, assuming nothing else is changed.
Queens |
Moving against Queens Mutual Fund
| 0.59 | FPNRX | Fpa New Income | PairCorr |
| 0.57 | FFIAX | Fpa Flexible Fixed | PairCorr |
| 0.49 | FPNIX | Fpa New Income | PairCorr |
| 0.45 | FPFIX | Fpa Flexible Fixed | PairCorr |
| 0.52 | DBLGX | Doubleline Global Bond | PairCorr |
| 0.48 | BMOAX | Blackrock Bond Index | PairCorr |
| 0.47 | MWERX | Metwest Esg Securitized | PairCorr |
| 0.45 | UIINX | Income Fund Income | PairCorr |
| 0.38 | PEBIX | Emerging Markets Bond | PairCorr |
| 0.36 | REEAX | Rbc Emerging Markets | PairCorr |
Related Correlations Analysis
| 0.8 | 0.74 | 0.68 | 0.72 | 0.12 | GTHIX | ||
| 0.8 | 0.84 | 0.32 | 0.82 | 0.03 | LYFAX | ||
| 0.74 | 0.84 | 0.2 | 1.0 | 0.23 | PGHAX | ||
| 0.68 | 0.32 | 0.2 | 0.19 | 0.34 | ETAHX | ||
| 0.72 | 0.82 | 1.0 | 0.19 | 0.28 | PHSTX | ||
| 0.12 | 0.03 | 0.23 | 0.34 | 0.28 | PJHRX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Queens Mutual Fund performing well and Queens Road 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 Queens Road'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTHIX | 0.75 | (0.01) | 0.00 | (0.09) | 0.00 | 1.25 | 4.99 | |||
| LYFAX | 0.60 | 0.01 | 0.11 | (0.12) | 0.71 | 1.22 | 3.27 | |||
| PGHAX | 0.65 | 0.02 | 0.00 | (0.03) | 0.00 | 1.33 | 4.12 | |||
| ETAHX | 1.15 | 0.01 | 0.00 | (0.06) | 0.00 | 1.88 | 6.50 | |||
| PHSTX | 0.66 | 0.01 | 0.00 | (0.05) | 0.00 | 1.34 | 4.12 | |||
| PJHRX | 1.07 | (0.19) | 0.00 | (0.41) | 0.00 | 1.79 | 14.08 |