Virginia Bond Correlations

USVAX Fund

USD 10.35 0.02 0.19%

The current 90-days correlation between Virginia Bond and Oklahoma College Savings is 0.15 (i.e., Average diversification). The correlation of Virginia Bond 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.

Virginia Bond Correlation With Market

Modest diversification

The correlation between Virginia Bond Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virginia Bond 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 Virginia Bond 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 nation.

Moving together with Virginia Mutual Fund

0.85	UITIX	Usaa Tax Exempt	Pair Corr
0.95	GUTEX	Victory Tax Exempt	Pair Corr
0.99	ULTIX	Usaa Tax Exempt	Pair Corr

Moving against Virginia Mutual Fund

0.4	RSNRX	Victory Global Natural	Pair Corr
0.4	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	FWOKX	APDOX	EPASX	DBELX	PIEFX	QMNIX	PWEAX	REMVX
FWOKX		0.9	0.83	0.92	0.89	0.89	0.89	0.9	FWOKX
APDOX	0.9		0.65	0.8	0.76	0.91	0.72	0.75	APDOX
EPASX	0.83	0.65		0.93	0.95	0.73	0.97	0.97	EPASX
DBELX	0.92	0.8	0.93		0.92	0.87	0.92	0.96	DBELX
PIEFX	0.89	0.76	0.95	0.92		0.81	0.98	0.99	PIEFX
QMNIX	0.89	0.91	0.73	0.87	0.81		0.77	0.83	QMNIX
PWEAX	0.89	0.72	0.97	0.92	0.98	0.77		0.98	PWEAX
REMVX	0.9	0.75	0.97	0.96	0.99	0.83	0.98		REMVX
	FWOKX	APDOX	EPASX	DBELX	PIEFX	QMNIX	PWEAX	REMVX

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Risk-Adjusted Indicators

There is a big difference between Virginia Mutual Fund performing well and Virginia Bond 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 Virginia Bond'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
FWOKX	0.74	0.11	0.12	0.10	1.02	(0.75)	1.38	(1.45)	6.10
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07
EPASX	0.54	0.02	0.10	0.02	0.67	(0.57)	1.02	(1.17)	3.67
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
PWEAX	0.72	0.06	0.11	0.09	0.85	(0.84)	1.55	(1.59)	5.83
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76

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