Collegeadvantage Correlations

VOSAX Fund

USD 34.57 0.30 0.86%

The current 90-days correlation between Collegeadvantage 529 and Aew Real Estate is -0.08 (i.e., Good diversification). The correlation of Collegeadvantage 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.

Collegeadvantage Correlation With Market

Average diversification

The correlation between Collegeadvantage 529 Savings 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 Collegeadvantage 529 Savings 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 Collegeadvantage 529 Savings. 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 Collegeadvantage Mutual Fund

0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Collegeadvantage Mutual Fund

0.54	BTMPX	Ishares Msci Eafe	Pair Corr
0.54	BTMKX	Blackrock International	Pair Corr
0.52	MDIIX	Blackrock Intern Index	Pair Corr
0.46	VGTSX	Vanguard Total Inter	Pair Corr
0.46	VTIAX	Vanguard Total Inter	Pair Corr
0.74	VSBIX	Vanguard Short Term	Pair Corr
0.61	MDVAX	Massmutual Premier	Pair Corr
0.59	GIBIX	Guggenheim Total Return	Pair Corr
0.56	VBTLX	Vanguard Total Bond	Pair Corr
0.52	HLDAX	Hartford Emerging	Pair Corr
0.52	GCTMX	Goldman Sachs Intern	Pair Corr
0.47	NAWCX	Voya Global Equity	Pair Corr
0.42	HGLB	Highland Global Allo Potential Growth	Pair Corr
0.4	NILTX	Neuberger Berman Int	Pair Corr
0.37	APDGX	Artisan Global Value	Pair Corr
0.37	FSOSX	Fidelity Series Overseas	Pair Corr
0.34	HRLYX	Hartford Global	Pair Corr
0.33	HSXCX	Hartford Schroders	Pair Corr
0.72	GBMSX	Gmo Benchmark Free	Pair Corr
0.61	MSDIX	Mainstay Unconstrained	Pair Corr
0.57	GGIUX	Goldman Sachs Mortgages	Pair Corr
0.57	MSPZX	Massmutual Select Total	Pair Corr
0.56	HFYRX	Hartford Schroders	Pair Corr
0.55	OAKCX	Harris Associates	Pair Corr

Related Correlations Analysis

	NRCFX	NBRFX	REPIX	FORFX	RRSCX	VREQX	SEIRX
NRCFX		0.97	0.84	0.19	0.99	0.96	0.94	NRCFX
NBRFX	0.97		0.86	0.28	0.98	0.99	0.95	NBRFX
REPIX	0.84	0.86		0.29	0.86	0.87	0.85	REPIX
FORFX	0.19	0.28	0.29		0.26	0.26	0.08	FORFX
RRSCX	0.99	0.98	0.86	0.26		0.97	0.94	RRSCX
VREQX	0.96	0.99	0.87	0.26	0.97		0.97	VREQX
SEIRX	0.94	0.95	0.85	0.08	0.94	0.97		SEIRX
	NRCFX	NBRFX	REPIX	FORFX	RRSCX	VREQX	SEIRX

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Risk-Adjusted Indicators

There is a big difference between Collegeadvantage Mutual Fund performing well and Collegeadvantage 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 Collegeadvantage'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NRCFX	0.78	(0.02)	(0.12)	1.50	(1.55)	4.40
NBRFX	0.92	0.00	(0.10)	1.75	(1.79)	4.51
REPIX	1.37	(0.15)	0.31	2.69	(2.92)	7.54
FORFX	0.05	0.03	5.40	0.11	0.00	0.32
RRSCX	0.75	(0.01)	(0.10)	1.56	(1.56)	4.16
VREQX	0.89	(0.01)	(0.10)	1.62	(1.81)	4.60
SEIRX	0.94	(0.02)	(0.12)	1.69	(2.42)	4.42

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