Teberg Fund Correlations

TEBRX Fund

USD 25.37 0.18 0.70%

The current 90-days correlation between Teberg Fund and Federated Mdt Balanced is 0.35 (i.e., Weak diversification). The correlation of Teberg Fund 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.

Teberg Fund Correlation With Market

Poor diversification

The correlation between The Teberg Fund and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Teberg Fund 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 The Teberg Fund. 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 Teberg Mutual Fund

0.85	ABSTX	Allianzgi Best Styles	Pair Corr
0.69	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.74	RMQAX	Monthly Rebalance	Pair Corr
0.73	RMQHX	Monthly Rebalance	Pair Corr
0.7	RMQCX	Monthly Rebalance	Pair Corr
0.78	FSELX	Fidelity Select Semi Steady Growth	Pair Corr
0.66	RSNYX	Victory Global Natural	Pair Corr
0.86	DXQLX	Direxion Monthly Nasdaq Steady Growth	Pair Corr
0.85	FELIX	Fidelity Advisor Sem Steady Growth	Pair Corr
0.65	RSNRX	Victory Global Natural	Pair Corr
0.85	AFICX	American Funds Funda	Pair Corr
0.66	MCFRX	Pioneer Multi Asset	Pair Corr
0.88	DUSLX	Dfa Large	Pair Corr
0.86	AMCPX	Amcap Fund Class	Pair Corr
0.86	AMCFX	Amcap Fund Class	Pair Corr
0.7	LIGFX	Lord Abbett Diversified	Pair Corr
0.79	TEGYX	Mid Cap Growth	Pair Corr
0.82	AMFEX	Aama Equity Fund	Pair Corr
0.8	FZROX	Fidelity Zero Total	Pair Corr
0.73	CNSAX	Invesco Vertible Sec	Pair Corr
0.76	JCE	Nuveen Core Equity	Pair Corr
0.9	NOIEX	Northern Income Equity	Pair Corr
0.78	FSNVX	Fidelity Freedom 2040	Pair Corr
0.78	JVLIX	John Hancock Disciplined	Pair Corr

Moving against Teberg Mutual Fund

0.42	PAUPX	Pimco All Asset	Pair Corr
0.41	PAUIX	Pimco All Asset	Pair Corr
0.32	ABRIX	Invesco Balanced Risk	Pair Corr

Related Correlations Analysis

	QIBGX	QABGX	RRTVX	VEVYX
QIBGX		1.0	0.51	0.82	QIBGX
QABGX	1.0		0.51	0.81	QABGX
RRTVX	0.51	0.51		0.5	RRTVX
VEVYX	0.82	0.81	0.5		VEVYX
	QIBGX	QABGX	RRTVX	VEVYX

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Risk-Adjusted Indicators

There is a big difference between Teberg Mutual Fund performing well and Teberg Fund 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 Teberg Fund'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
QIBGX	0.50	(0.13)	0.00	(0.15)	0.00	0.00	0.95	(0.73)	9.79
QABGX	0.50	(0.13)	0.00	(0.15)	0.00	0.00	0.95	(0.74)	9.83
RRTVX	0.44	0.00	(0.05)	0.05	0.48	(0.48)	1.00	(0.80)	3.08
VEVYX	0.68	(0.19)	0.00	(0.16)	0.00	0.00	1.16	(1.03)	12.49

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