Adams Diversified Correlations

XADEX Fund

USD 22.92 0.16 0.69%

The current 90-days correlation between Adams Diversified Equity and Forum Real Estate is 0.02 (i.e., Significant diversification). The correlation of Adams Diversified 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.

Adams Diversified Correlation With Market

Good diversification

The correlation between Adams Diversified Equity and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adams Diversified Equity 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 Adams Diversified Equity. 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 income.

Moving against Adams Mutual Fund

0.71	XGEIX	Guggenheim Energy Income	Pair Corr
0.64	ADNYX	Amer Beacon Ark	Pair Corr
0.59	PRMTX	T Rowe Price	Pair Corr
0.57	DRGTX	Allianzgi Technology	Pair Corr
0.56	IGOIX	Rational Inflation Growth	Pair Corr
0.55	SIGZX	Seix Govt Sec	Pair Corr
0.54	TCHTX	Cleartrack 2020 Class	Pair Corr
0.53	PRGTX	T Rowe Price	Pair Corr
0.52	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.49	CSFYX	Columbia Convertible	Pair Corr
0.43	VTSAX	Vanguard Total Stock	Pair Corr
0.42	VFIAX	Vanguard 500 Index	Pair Corr
0.42	VFINX	Vanguard 500 Index	Pair Corr
0.42	VFFSX	Vanguard 500 Index	Pair Corr
0.42	FXAIX	Fidelity 500 Index	Pair Corr
0.41	VTSMX	Vanguard Total Stock	Pair Corr
0.41	VITSX	Vanguard Total Stock	Pair Corr
0.41	VSTSX	Vanguard Total Stock	Pair Corr
0.41	VSMPX	Vanguard Total Stock	Pair Corr
0.4	IRDEX	Cf Ir 3000	Pair Corr
0.37	MVISX	Miller Opportunity Trust	Pair Corr
0.35	SMFPX	Salient Mlp Energy	Pair Corr
0.73	MUIIX	Ultra Short Income	Pair Corr
0.66	BXSL	Blackstone Secured	Pair Corr
0.61	LOTCX	Locorr Market Trend	Pair Corr
0.6	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.59	DNYMX	Dfa Ny Municipal	Pair Corr
0.58	VIGAX	Vanguard Growth Index	Pair Corr
0.56	HACAX	Harbor Capital Appre	Pair Corr
0.52	GUT	Gabelli Utility Closed	Pair Corr
0.51	DCF	Bny Mellon Alcentra	Pair Corr
0.5	GAB	Gabelli Equity Trust	Pair Corr

Related Correlations Analysis

	FORFX	ZRPTUX	JYEBX	IVRSX	RRRZX	HLPPX
FORFX		-0.34	-0.1	-0.45	-0.38	0.0	FORFX
ZRPTUX	-0.34		0.75	0.8	0.81	0.69	ZRPTUX
JYEBX	-0.1	0.75		0.9	0.94	0.91	JYEBX
IVRSX	-0.45	0.8	0.9		0.99	0.78	IVRSX
RRRZX	-0.38	0.81	0.94	0.99		0.83	RRRZX
HLPPX	0.0	0.69	0.91	0.78	0.83		HLPPX
	FORFX	ZRPTUX	JYEBX	IVRSX	RRRZX	HLPPX

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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

RRRZX	+ 0.99	IVRSX
RRRZX	+ 0.94	JYEBX
HLPPX	+ 0.91	JYEBX
IVRSX	+ 0.9	JYEBX
HLPPX	+ 0.83	RRRZX
RRRZX	+ 0.81	ZRPTUX

High negative correlations

IVRSX	- 0.45	FORFX
RRRZX	- 0.38	FORFX
ZRPTUX	- 0.34	FORFX
JYEBX	- 0.1	FORFX
HLPPX	- 0.0	FORFX

Risk-Adjusted Indicators

There is a big difference between Adams Mutual Fund performing well and Adams Diversified 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 Adams Diversified'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
FORFX	0.07	0.00	(0.02)	0.10	0.00	1.44
ZRPTUX	0.08	(0.03)	6.41	0.08	(0.45)	1.27
JYEBX	0.73	(0.09)	(8.28)	1.15	(1.54)	5.46
IVRSX	0.75	(0.10)	(1.21)	1.28	(1.50)	5.23
RRRZX	0.82	(0.13)	(5.98)	1.35	(1.62)	6.80
HLPPX	0.72	(0.11)	(0.38)	1.10	(1.56)	5.36

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