Collegeadvantage Correlations

VOSIX Fund

USD 38.24 0.02 0.05%

The current 90-days correlation between Collegeadvantage 529 and Touchstone Small Cap is 0.85 (i.e., Very poor 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

Modest diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.22 (i.e., Modest 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 gross domestic product.

Moving together with Collegeadvantage Mutual Fund

0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.71	FTYPX	Fidelity Freedom Index	Pair Corr
0.63	FFBTX	Fidelity Freedom Blend	Pair Corr
0.95	GCAVX	Gmo Small Cap	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.74	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.65	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.63	T	ATT Inc Sell-off Trend	Pair Corr
0.77	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Collegeadvantage Mutual Fund

0.42	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	TVOYX	ASCGX	RYSVX	SCYVX	NESGX	HSCVX	DFDSX
TVOYX		0.75	0.83	0.94	0.59	0.94	0.98	TVOYX
ASCGX	0.75		0.95	0.76	0.83	0.77	0.81	ASCGX
RYSVX	0.83	0.95		0.86	0.79	0.86	0.87	RYSVX
SCYVX	0.94	0.76	0.86		0.54	0.98	0.93	SCYVX
NESGX	0.59	0.83	0.79	0.54		0.51	0.66	NESGX
HSCVX	0.94	0.77	0.86	0.98	0.51		0.93	HSCVX
DFDSX	0.98	0.81	0.87	0.93	0.66	0.93		DFDSX
	TVOYX	ASCGX	RYSVX	SCYVX	NESGX	HSCVX	DFDSX

Click cells to compare fundamentals

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TVOYX	0.77	(0.01)	(0.03)	(0.02)	0.94	(0.91)	1.62	(1.42)	9.38
ASCGX	1.13	0.11	0.06	1.10	1.37	(1.15)	2.24	(1.89)	8.49
RYSVX	0.93	0.07	0.04	0.31	1.16	(1.01)	1.99	(1.76)	10.89
SCYVX	0.90	(0.02)	0.00	(0.04)	0.00	0.00	1.75	(1.46)	10.44
NESGX	1.21	0.08	0.05	0.18	1.29	(1.39)	2.41	(2.25)	7.89
HSCVX	0.69	(0.01)	0.00	(0.14)	0.00	0.00	1.49	(1.35)	8.08
DFDSX	0.77	(0.02)	0.00	(0.04)	0.00	0.00	1.57	(1.32)	8.01

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