Partners Value Correlations
| WPVIX Fund | USD 33.34 0.09 0.27% |
The current 90-days correlation between Partners Value and Champlain Small is 0.78 (i.e., Poor diversification). The correlation of Partners 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.
Partners Value Correlation With Market
Poor diversification
The correlation between Partners Value Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Partners Value Fund and DJI in the same portfolio, assuming nothing else is changed.
Partners |
Moving together with Partners Mutual Fund
| 0.97 | WBALX | Balanced Fund Balanced | PairCorr |
| 0.97 | WBAIX | Weitz Balanced | PairCorr |
| 0.9 | WVAIX | Value Fund Value | PairCorr |
| 0.9 | WVALX | Value Fund Value | PairCorr |
| 0.97 | WPOIX | Partners Iii Opportunity | PairCorr |
| 0.97 | WPOPX | Partners Iii Opportunity | PairCorr |
| 1.0 | WPVLX | Partners Value | PairCorr |
| 0.77 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.78 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.77 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.77 | VITSX | Vanguard Total Stock | PairCorr |
| 0.77 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.77 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.78 | VFINX | Vanguard 500 Index | PairCorr |
| 0.79 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.75 | VINIX | Vanguard Institutional | PairCorr |
| 0.75 | VIIIX | Vanguard Institutional | PairCorr |
| 0.73 | RXRPX | American Funds Retirement | PairCorr |
Moving against Partners Mutual Fund
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Partners Mutual Fund performing well and Partners 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 Partners 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIPNX | 1.00 | (0.21) | 0.00 | (0.30) | 0.00 | 1.38 | 11.53 | |||
| LMBMX | 1.05 | (0.16) | 0.00 | (0.20) | 0.00 | 1.96 | 5.60 | |||
| TISVX | 0.80 | 0.12 | 0.10 | 0.12 | 1.23 | 1.99 | 9.81 | |||
| OWSMX | 0.67 | (0.06) | 0.00 | (0.17) | 0.00 | 1.19 | 3.89 | |||
| GLVIX | 0.92 | (0.03) | 0.00 | (0.10) | 0.00 | 1.50 | 5.60 | |||
| ARTSX | 1.15 | (0.10) | 0.00 | (0.16) | 0.00 | 2.22 | 5.69 | |||
| QLMSTX | 1.03 | (0.09) | 0.00 | (0.15) | 0.00 | 1.71 | 5.65 |