Money Market Correlations
| TOCXX Fund | USD 1.00 0.00 0.00% |
The correlation of Money Market 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.
Money |
Related Correlations Analysis
| 0.94 | 0.77 | 0.8 | 0.9 | 0.84 | 0.89 | SSTDX | ||
| 0.94 | 0.52 | 0.91 | 0.99 | 0.93 | 0.96 | JABJX | ||
| 0.77 | 0.52 | 0.35 | 0.45 | 0.39 | 0.47 | QDARX | ||
| 0.8 | 0.91 | 0.35 | 0.94 | 0.76 | 0.98 | LIGFX | ||
| 0.9 | 0.99 | 0.45 | 0.94 | 0.92 | 0.97 | BICPX | ||
| 0.84 | 0.93 | 0.39 | 0.76 | 0.92 | 0.81 | WCAFX | ||
| 0.89 | 0.96 | 0.47 | 0.98 | 0.97 | 0.81 | GPTCX | ||
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Risk-Adjusted Indicators
There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSTDX | 0.14 | 0.01 | 0.45 | (0.04) | 0.16 | 0.29 | 0.87 | |||
| JABJX | 0.21 | 0.00 | 0.00 | (0.12) | 0.00 | 0.49 | 1.19 | |||
| QDARX | 0.08 | 0.03 | 1.27 | 1.08 | 0.00 | 0.25 | 0.49 | |||
| LIGFX | 0.33 | 0.00 | 0.00 | (0.12) | 0.00 | 0.55 | 1.75 | |||
| BICPX | 0.24 | 0.00 | 0.00 | (0.13) | 0.00 | 0.54 | 1.55 | |||
| WCAFX | 0.25 | (0.01) | 0.00 | (0.16) | 0.00 | 0.57 | 1.62 | |||
| GPTCX | 0.32 | 0.01 | 0.00 | (0.08) | 0.00 | 0.62 | 1.79 |