Versus Capital Correlations

VCMIX Fund

USD 24.54 0.04 0.16%

The current 90-days correlation between Versus Capital Multi and Health Biotchnology Portfolio is 0.03 (i.e., Significant diversification). The correlation of Versus Capital 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.

Versus Capital Correlation With Market

Significant diversification

The correlation between Versus Capital Multi Manager and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Versus Capital Multi Manager 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 Versus Capital Multi Manager. 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 gross domestic product.

Moving together with Versus Mutual Fund

0.8	VGTSX	Vanguard Total Inter	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.62	GAAVX	Gmo Alternative Allo	Pair Corr
0.83	GABFX	Gmo Asset Allocation	Pair Corr
0.75	GHVIX	Gmo High Yield	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.9	VZ	Verizon Communications Aggressive Push	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.89	T	ATT Inc Aggressive Push	Pair Corr

Moving against Versus Mutual Fund

0.56	GCAVX	Gmo Small Cap	Pair Corr
0.44	VITSX	Vanguard Total Stock	Pair Corr
0.44	VSTSX	Vanguard Total Stock	Pair Corr
0.44	VSMPX	Vanguard Total Stock	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.41	GMCQX	Gmo Equity Allocation	Pair Corr
0.38	VTSAX	Vanguard Total Stock	Pair Corr
0.38	VTSMX	Vanguard Total Stock	Pair Corr
0.34	VFINX	Vanguard 500 Index	Pair Corr
0.34	VFFSX	Vanguard 500 Index	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.67	AXP	American Express	Pair Corr
0.59	HPQ	HP Inc Sell-off Trend	Pair Corr
0.54	MRK	Merck Company	Pair Corr
0.48	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	SBHIX	BOGSX	WFTIX	FRBRX	HTECX	JNGTX	TOWTX
SBHIX		0.21	0.05	0.22	0.07	-0.12	0.17	SBHIX
BOGSX	0.21		0.88	0.02	0.85	0.86	0.84	BOGSX
WFTIX	0.05	0.88		0.13	0.94	0.93	0.93	WFTIX
FRBRX	0.22	0.02	0.13		0.18	0.06	0.22	FRBRX
HTECX	0.07	0.85	0.94	0.18		0.9	0.96	HTECX
JNGTX	-0.12	0.86	0.93	0.06	0.9		0.86	JNGTX
TOWTX	0.17	0.84	0.93	0.22	0.96	0.86		TOWTX
	SBHIX	BOGSX	WFTIX	FRBRX	HTECX	JNGTX	TOWTX

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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

TOWTX	+ 0.96	HTECX
HTECX	+ 0.94	WFTIX
JNGTX	+ 0.93	WFTIX
TOWTX	+ 0.93	WFTIX
JNGTX	+ 0.9	HTECX
WFTIX	+ 0.88	BOGSX

High negative correlations

JNGTX

- 0.12

SBHIX

Risk-Adjusted Indicators

There is a big difference between Versus Mutual Fund performing well and Versus Capital 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 Versus Capital'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
SBHIX	0.62	0.05	0.09	0.08	0.68	(0.67)	1.20	(1.14)	3.37
BOGSX	1.11	(0.07)	0.00	0.43	0.00	0.00	1.73	(2.62)	5.74
WFTIX	0.91	(0.06)	0.00	0.78	0.00	0.00	1.80	(1.93)	4.88
FRBRX	1.09	(0.11)	0.00	(0.16)	0.00	0.00	2.24	(2.33)	7.79
HTECX	1.13	(0.07)	0.00	(0.08)	0.00	0.00	1.67	(2.58)	5.92
JNGTX	1.19	(0.10)	0.00	0.54	0.00	0.00	2.00	(3.18)	6.41
TOWTX	0.68	(0.03)	0.00	(0.06)	0.00	0.00	1.44	(1.75)	4.10

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