Fundamental Large Correlations

TAGRX Fund

USD 64.88 1.17 1.84%

The current 90-days correlation between Fundamental Large Cap and Transamerica Mlp Energy is -0.01 (i.e., Good diversification). The correlation of Fundamental Large 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.

Fundamental Large Correlation With Market

Very weak diversification

The correlation between Fundamental Large Cap and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Fundamental Large Cap. 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 metropolitan statistical area.

Moving together with Fundamental Mutual Fund

0.9	FRBAX	Regional Bank	Pair Corr
0.91	FRBCX	Regional Bank	Pair Corr
0.63	JQLAX	Multimanager Lifestyle	Pair Corr
0.9	JRBFX	Regional Bank	Pair Corr
0.64	JRETX	J Hancock Ii	Pair Corr
0.9	JRGRX	Regional Bank	Pair Corr
0.64	JROUX	J Hancock Ii	Pair Corr
0.66	JAAFX	Jhancock Multi Index	Pair Corr
0.66	JAAJX	Jhancock Multi Index	Pair Corr
0.66	JAAKX	Jhancock Multi Index	Pair Corr
0.67	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	TMCLX	HNRGX	TREIX	BACCX	PEO	SEPIX	IGNAX
TMCLX		0.86	0.38	0.81	0.83	0.86	0.78	TMCLX
HNRGX	0.86		0.39	0.97	0.96	0.96	0.85	HNRGX
TREIX	0.38	0.39		0.43	0.49	0.45	-0.02	TREIX
BACCX	0.81	0.97	0.43		0.95	0.93	0.77	BACCX
PEO	0.83	0.96	0.49	0.95		0.94	0.75	PEO
SEPIX	0.86	0.96	0.45	0.93	0.94		0.84	SEPIX
IGNAX	0.78	0.85	-0.02	0.77	0.75	0.84		IGNAX
	TMCLX	HNRGX	TREIX	BACCX	PEO	SEPIX	IGNAX

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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

BACCX	+ 0.97	HNRGX
PEO	+ 0.96	HNRGX
SEPIX	+ 0.96	HNRGX
PEO	+ 0.95	BACCX
SEPIX	+ 0.94	PEO
SEPIX	+ 0.93	BACCX

High negative correlations

IGNAX

- 0.02

TREIX

Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Large 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 Fundamental Large'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
TMCLX	1.01	0.08	0.08	(1.66)	1.28	(1.10)	1.88	(2.24)	6.34
HNRGX	0.89	0.12	0.09	0.17	1.31	(0.84)	1.80	(2.30)	5.81
TREIX	0.07	0.00	0.28	0.00	0.00	(0.13)	0.20	(0.10)	0.60
BACCX	0.82	0.12	0.11	0.20	1.20	(0.81)	1.49	(2.08)	5.48
PEO	0.86	0.13	0.11	0.25	1.07	(0.79)	1.79	(1.87)	5.71
SEPIX	0.74	0.07	0.08	0.10	0.98	(0.78)	1.44	(1.69)	4.34
IGNAX	0.96	0.02	0.02	0.00	1.32	(1.00)	1.67	(2.05)	5.39

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