Professionally Managed Correlations

WAGNX Fund

11.85 0.07 0.59%

The current 90-days correlation between Professionally Managed and Calvert Conservative Allocation is 0.49 (i.e., Very weak diversification). The correlation of Professionally Managed 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.

Professionally Managed Correlation With Market

Modest diversification

The correlation between Professionally Managed Portfol and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Professionally Managed Portfol and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Professionally Managed Portfolios. 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 board of governors.

Moving together with Professionally Mutual Fund

0.97	WGNIX	Pabrai Wagons Instit	Pair Corr
0.78	FSWFX	American Funds Smallcap	Pair Corr
0.78	FSFWX	American Funds Smallcap	Pair Corr
0.77	SCWCX	American Fds Smallcap	Pair Corr
0.77	SCWFX	Smallcap World	Pair Corr
0.77	SMCWX	Smallcap World	Pair Corr
0.77	CSPFX	Smallcap World	Pair Corr
0.77	CSPAX	Smallcap World	Pair Corr
0.77	CSPEX	Smallcap World	Pair Corr
0.77	RSLCX	Smallcap World	Pair Corr
0.78	RLLGX	Smallcap World	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSMX	Vanguard Total Stock	Pair Corr
0.69	VSMPX	Vanguard Total Stock	Pair Corr
0.69	VSTSX	Vanguard Total Stock	Pair Corr
0.69	VITSX	Vanguard Total Stock	Pair Corr
0.64	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.64	HICOX	Colorado Bondshares	Pair Corr
0.74	USA	Liberty All Star	Pair Corr
0.86	BTO	John Hancock Financial	Pair Corr
0.64	PFRAX	Pimco Foreign Bond	Pair Corr
0.68	TTIHX	Tiaa Cref Lifecycle	Pair Corr
0.82	SPVZX	Prudential Qma Mid	Pair Corr
0.68	PHIKX	Columbia Convertible	Pair Corr
0.72	HBAAX	Hartford Moderate	Pair Corr
0.72	HBAIX	Hartford Moderate	Pair Corr
0.63	FXAIX	Fidelity 500 Index	Pair Corr

Related Correlations Analysis

	CAARX	LIGFX	FHCOX	LUNAX	SRDAX	DLTZX
CAARX		0.95	-0.11	0.94	-0.22	0.28	CAARX
LIGFX	0.95		0.1	0.96	-0.04	0.39	LIGFX
FHCOX	-0.11	0.1		-0.07	0.95	0.83	FHCOX
LUNAX	0.94	0.96	-0.07		-0.2	0.23	LUNAX
SRDAX	-0.22	-0.04	0.95	-0.2		0.79	SRDAX
DLTZX	0.28	0.39	0.83	0.23	0.79		DLTZX
	CAARX	LIGFX	FHCOX	LUNAX	SRDAX	DLTZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LUNAX	+ 0.96	LIGFX
LIGFX	+ 0.95	CAARX
SRDAX	+ 0.95	FHCOX
LUNAX	+ 0.94	CAARX
DLTZX	+ 0.83	FHCOX
DLTZX	+ 0.79	SRDAX

High negative correlations

SRDAX	- 0.22	CAARX
SRDAX	- 0.2	LUNAX
FHCOX	- 0.11	CAARX
LUNAX	- 0.07	FHCOX
SRDAX	- 0.04	LIGFX

Risk-Adjusted Indicators

There is a big difference between Professionally Mutual Fund performing well and Professionally Managed 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 Professionally Managed'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
CAARX	0.27	(0.02)	(0.11)	(0.06)	0.39	(0.28)	0.61	(0.55)	2.05
LIGFX	0.29	0.00	(0.07)	0.04	0.39	(0.29)	0.62	(0.50)	2.04
FHCOX	0.04	0.01	0.00	(0.74)	0.00	0.00	0.10	0.00	0.61
LUNAX	0.37	(0.01)	(0.06)	0.01	0.51	(0.38)	0.71	(0.63)	2.40
SRDAX	0.15	0.04	0.01	4.80	0.00	(0.20)	0.38	(0.29)	1.05
DLTZX	0.08	0.00	(0.23)	(0.01)	0.00	(0.20)	0.26	(0.13)	0.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC