Vanguard Capital Correlations

VHCOX Fund

USD 80.89 0.58 0.71%

The current 90-days correlation between Vanguard Capital Opp and The Hartford Healthcare is -0.07 (i.e., Good diversification). The correlation of Vanguard 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.

Vanguard Capital Correlation With Market

Poor diversification

The correlation between Vanguard Capital Opportunity and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Capital Opportunity 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 Vanguard Capital Opportunity. 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 persons.

Moving together with Vanguard Mutual Fund

0.84	VMIAX	Vanguard Materials Index	Pair Corr
0.62	VMNIX	Vanguard Market Neutral	Pair Corr
0.62	VMNFX	Vanguard Market Neutral	Pair Corr
0.82	VMVAX	Vanguard Mid Cap	Pair Corr
0.68	VMVLX	Vanguard Mega Cap	Pair Corr
0.88	VSCIX	Vanguard Small Cap	Pair Corr
0.8	VSEMX	Vanguard Extended Market	Pair Corr
0.85	VSGAX	Vanguard Small Cap	Pair Corr
0.88	VSIAX	Vanguard Small Cap	Pair Corr
0.87	VSMAX	Vanguard Small Cap	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VTMFX	Vanguard Tax Managed	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VVIAX	Vanguard Value Index	Pair Corr
0.74	VEIPX	Vanguard Equity Income	Pair Corr

Moving against Vanguard Mutual Fund

0.5	VSGBX	Vanguard Short Term	Pair Corr
0.43	VTBNX	Vanguard Total Bond	Pair Corr
0.43	VBTLX	Vanguard Total Bond	Pair Corr
0.35	VTBIX	Vanguard Total Bond	Pair Corr
0.35	VBTIX	Vanguard Total Bond	Pair Corr
0.31	VBLIX	Vanguard Long Term	Pair Corr

Related Correlations Analysis

	HGHYX	LYFCX	BHSRX	VGHCX	PJHRX	LOGSX	LYFAX	SCHLX
HGHYX		0.76	0.85	0.92	0.32	0.65	0.84	0.85	HGHYX
LYFCX	0.76		0.77	0.94	0.39	0.83	0.9	0.87	LYFCX
BHSRX	0.85	0.77		0.84	0.1	0.75	0.89	0.92	BHSRX
VGHCX	0.92	0.94	0.84		0.37	0.77	0.93	0.91	VGHCX
PJHRX	0.32	0.39	0.1	0.37		0.12	0.13	0.1	PJHRX
LOGSX	0.65	0.83	0.75	0.77	0.12		0.83	0.83	LOGSX
LYFAX	0.84	0.9	0.89	0.93	0.13	0.83		0.99	LYFAX
SCHLX	0.85	0.87	0.92	0.91	0.1	0.83	0.99		SCHLX
	HGHYX	LYFCX	BHSRX	VGHCX	PJHRX	LOGSX	LYFAX	SCHLX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard 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 Vanguard 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
HGHYX	0.69	0.01	0.05	(0.08)	0.77	(0.81)	1.41	(1.17)	4.37
LYFCX	0.60	0.03	0.08	(0.18)	0.65	(0.66)	1.17	(1.17)	3.17
BHSRX	0.63	0.07	0.12	0.09	0.62	(0.69)	1.32	(0.96)	3.74
VGHCX	0.68	0.00	0.03	0.00	0.82	(0.71)	1.49	(1.15)	4.70
PJHRX	1.07	(0.25)	0.00	0.61	0.00	0.00	1.79	(1.89)	13.41
LOGSX	0.67	0.01	0.04	(0.09)	0.89	(0.69)	1.18	(1.14)	3.69
LYFAX	0.61	0.03	0.08	(0.21)	0.66	(0.65)	1.22	(1.18)	3.27
SCHLX	0.64	0.04	0.10	(0.31)	0.65	(0.74)	1.25	(1.12)	3.70

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