Vulcan Value Correlations

VVPSX Fund

USD 12.39 0.10 0.80%

The current 90-days correlation between Vulcan Value Partners and Vulcan Value Partners is 0.86 (i.e., Very poor diversification). The correlation of Vulcan Value 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.

Vulcan Value Correlation With Market

Poor diversification

The correlation between Vulcan Value Partners 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 Vulcan Value Partners 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 Vulcan Value Partners. 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 state.

Moving together with Vulcan Mutual Fund

1.0	VVISX	Vulcan Value Partners	Pair Corr
0.8	BTMPX	Ishares Msci Eafe	Pair Corr
0.8	BTMKX	Blackrock International	Pair Corr
0.8	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Vulcan Mutual Fund

0.54	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.54	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.54	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.54	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.4	COGVX	Cognios Large Cap	Pair Corr
0.38	FGRIX	Fidelity Growth Income	Pair Corr
0.37	FZROX	Fidelity Zero Total	Pair Corr
0.36	VSMAX	Vanguard Small Cap	Pair Corr
0.36	VSCIX	Vanguard Small Cap	Pair Corr
0.36	VSCPX	Vanguard Small Cap	Pair Corr
0.35	NAESX	Vanguard Small Cap	Pair Corr
0.32	DFSTX	Us Small Cap	Pair Corr
0.59	WAMIX	Wstcm Credit Select	Pair Corr
0.58	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.55	CLM	Cornerstone Strategic	Pair Corr
0.52	WCPSX	Mobile Telecommunicatio	Pair Corr
0.48	CRF	Cornerstone Strategic Sell-off Trend	Pair Corr
0.45	VAADX	Virtus Convertible	Pair Corr
0.44	AMGOX	Alger Mid Cap	Pair Corr
0.44	GRFXX	Money Market Obligations	Pair Corr
0.39	FGB	First Trust Specialty	Pair Corr
0.37	USPRX	Sp 500 Index	Pair Corr
0.36	VFINX	Vanguard 500 Index	Pair Corr
0.36	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	VVILX	VVISX	VVPSX	VVPLX	QMHIX	MMDEX	SCQGX	VEXRX	JAAAX	TAIAX
VVILX		0.06	0.08	1.0	0.64	0.86	0.75	0.84	0.92	0.8	VVILX
VVISX	0.06		1.0	0.06	-0.03	-0.39	-0.39	-0.26	0.05	0.38	VVISX
VVPSX	0.08	1.0		0.08	-0.01	-0.38	-0.39	-0.25	0.07	0.39	VVPSX
VVPLX	1.0	0.06	0.08		0.65	0.86	0.74	0.84	0.93	0.8	VVPLX
QMHIX	0.64	-0.03	-0.01	0.65		0.61	0.48	0.59	0.83	0.48	QMHIX
MMDEX	0.86	-0.39	-0.38	0.86	0.61		0.9	0.86	0.81	0.54	MMDEX
SCQGX	0.75	-0.39	-0.39	0.74	0.48	0.9		0.9	0.71	0.47	SCQGX
VEXRX	0.84	-0.26	-0.25	0.84	0.59	0.86	0.9		0.79	0.57	VEXRX
JAAAX	0.92	0.05	0.07	0.93	0.83	0.81	0.71	0.79		0.77	JAAAX
TAIAX	0.8	0.38	0.39	0.8	0.48	0.54	0.47	0.57	0.77		TAIAX
	VVILX	VVISX	VVPSX	VVPLX	QMHIX	MMDEX	SCQGX	VEXRX	JAAAX	TAIAX

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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

VVPLX	+ 1.0	VVILX
VVPSX	+ 1.0	VVISX
JAAAX	+ 0.93	VVPLX
JAAAX	+ 0.92	VVILX
SCQGX	+ 0.9	MMDEX
VEXRX	+ 0.9	SCQGX

High negative correlations

SCQGX	- 0.39	VVPSX
SCQGX	- 0.39	VVISX
MMDEX	- 0.39	VVISX
MMDEX	- 0.38	VVPSX
VEXRX	- 0.26	VVISX
VEXRX	- 0.25	VVPSX

Risk-Adjusted Indicators

There is a big difference between Vulcan Mutual Fund performing well and Vulcan Value 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 Vulcan Value'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
VVILX	0.58	0.01	(0.01)	0.10	0.58	(0.67)	1.30	(1.11)	3.95
VVISX	0.71	(0.12)	0.00	(0.04)	0.00	0.00	1.84	(1.38)	3.72
VVPSX	0.72	(0.11)	0.00	(0.03)	0.00	0.00	1.87	(1.40)	3.84
VVPLX	0.58	0.01	(0.01)	0.10	0.59	(0.67)	1.27	(1.12)	3.95
QMHIX	0.60	0.03	(0.02)	0.17	0.77	(0.62)	1.25	(1.11)	3.83
MMDEX	0.63	0.10	0.07	0.23	0.65	(0.67)	1.64	(1.37)	5.19
SCQGX	0.76	(0.01)	(0.01)	0.07	1.83	(0.68)	1.66	(1.52)	10.60
VEXRX	0.70	0.01	0.03	0.10	0.70	(0.75)	1.60	(1.27)	5.78
JAAAX	0.15	0.00	(0.36)	0.09	0.00	(0.21)	0.37	(0.31)	0.87
TAIAX	0.22	(0.01)	(0.23)	0.06	0.23	(0.25)	0.43	(0.54)	1.28

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