Vanguard New Correlations

VNYUX Fund

USD 10.75 0.02 0.19%

The current 90-days correlation between Vanguard New York and Siit Global Managed is 0.22 (i.e., Modest diversification). The correlation of Vanguard New 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 New Correlation With Market

Average diversification

The correlation between Vanguard New York and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard New York 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 New York. 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 employment.

Moving together with Vanguard Mutual Fund

0.68	VMLUX	Vanguard Limited Term	Pair Corr
0.68	VMLTX	Vanguard Limited Term	Pair Corr
0.61	VMNVX	Vanguard Global Minimum	Pair Corr
0.65	VMSIX	Vanguard Multi Sector	Pair Corr
0.99	VNJUX	Vanguard New Jersey	Pair Corr
0.99	VNJTX	Vanguard New Jersey	Pair Corr
1.0	VNYTX	Vanguard New York	Pair Corr
0.98	VOHIX	Vanguard Ohio Long	Pair Corr
0.98	VPALX	Vanguard Pennsylvania	Pair Corr
0.98	VPAIX	Vanguard Pennsylvania	Pair Corr
0.77	VRTPX	Vanguard Reit Ii	Pair Corr

Related Correlations Analysis

	SGMAX	QGMIX	TBCUX	MGKAX	DHGCX	MSTGX	LFLCX	DBIWX
SGMAX		0.57	0.68	0.67	0.74	0.75	0.78	0.74	SGMAX
QGMIX	0.57		0.92	0.32	0.65	0.88	0.86	0.72	QGMIX
TBCUX	0.68	0.92		0.38	0.65	0.89	0.89	0.77	TBCUX
MGKAX	0.67	0.32	0.38		0.51	0.63	0.61	0.74	MGKAX
DHGCX	0.74	0.65	0.65	0.51		0.81	0.87	0.8	DHGCX
MSTGX	0.75	0.88	0.89	0.63	0.81		0.98	0.95	MSTGX
LFLCX	0.78	0.86	0.89	0.61	0.87	0.98		0.94	LFLCX
DBIWX	0.74	0.72	0.77	0.74	0.8	0.95	0.94		DBIWX
	SGMAX	QGMIX	TBCUX	MGKAX	DHGCX	MSTGX	LFLCX	DBIWX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard New 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 New'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
SGMAX	0.57	(0.05)	0.00	(0.18)	0.00	0.00	0.95	(0.77)	9.52
QGMIX	0.37	0.10	0.39	(0.73)	0.17	(0.45)	0.83	(0.63)	2.42
TBCUX	0.60	0.13	0.22	0.29	0.56	(0.68)	1.49	(1.14)	4.33
MGKAX	1.04	(0.14)	0.00	(0.24)	0.00	0.00	1.57	(2.37)	14.60
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
MSTGX	0.31	0.07	0.23	0.14	0.34	(0.34)	0.74	(0.62)	1.58
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77

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Vanguard New Correlations

Vanguard New Correlation With Market

Average diversification

Moving together with Vanguard Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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