Yorktown Small-cap Correlations

YOVAX Fund

USD 16.71 0.03 0.18%

The current 90-days correlation between Yorktown Small Cap and Ridgeworth Seix Government is 0.01 (i.e., Significant diversification). The correlation of Yorktown Small-cap 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.

Yorktown Small-cap Correlation With Market

Very weak diversification

The correlation between Yorktown Small Cap Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yorktown Small Cap Fund 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 Yorktown Small Cap Fund. 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 nation.

Moving together with Yorktown Mutual Fund

0.81	APGRX	Api Growth Fund	Pair Corr
0.69	APIUX	Api Multi Asset	Pair Corr
0.82	APITX	Api Growth Fund	Pair Corr
0.68	APIIX	Api Multi Asset	Pair Corr
0.74	YOVIX	Yorktown Small Cap	Pair Corr
0.8	YOVLX	Yorktown Small Cap	Pair Corr
0.71	AFFIX	Api Multi Asset	Pair Corr
0.84	AFGGX	Api Growth Fund	Pair Corr
0.74	VSMAX	Vanguard Small Cap	Pair Corr
0.74	VSCIX	Vanguard Small Cap	Pair Corr
0.74	VSCPX	Vanguard Small Cap	Pair Corr
0.74	NAESX	Vanguard Small Cap	Pair Corr
0.76	FSSNX	Fidelity Small Cap	Pair Corr
0.77	DFSTX	Us Small Cap	Pair Corr
0.7	PASVX	T Rowe Price	Pair Corr
0.71	PRVIX	T Rowe Price	Pair Corr
0.71	TRZVX	T Rowe Price	Pair Corr
0.71	PRSVX	T Rowe Price	Pair Corr
0.83	AGCVX	Global Small Cap	Pair Corr
0.83	NECZX	Loomis Sayles Strategic	Pair Corr
0.64	GAB	Gabelli Equity Trust	Pair Corr

Moving against Yorktown Mutual Fund

0.36

COGVX

Cognios Large Cap

Pair Corr

Related Correlations Analysis

	SIGVX	LCCXX	SWGXX	FCSCX	SMAAX	TWACX	UGSDX	PYUSX
SIGVX		0.0	0.73	0.94	0.04	0.64	0.75	0.5	SIGVX
LCCXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LCCXX
SWGXX	0.73	0.0		0.74	-0.31	0.52	0.73	0.3	SWGXX
FCSCX	0.94	0.0	0.74		0.11	0.72	0.73	0.66	FCSCX
SMAAX	0.04	0.0	-0.31	0.11		0.34	-0.16	0.64	SMAAX
TWACX	0.64	0.0	0.52	0.72	0.34		0.28	0.8	TWACX
UGSDX	0.75	0.0	0.73	0.73	-0.16	0.28		0.25	UGSDX
PYUSX	0.5	0.0	0.3	0.66	0.64	0.8	0.25		PYUSX
	SIGVX	LCCXX	SWGXX	FCSCX	SMAAX	TWACX	UGSDX	PYUSX

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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

FCSCX	+ 0.94	SIGVX
PYUSX	+ 0.8	TWACX
UGSDX	+ 0.75	SIGVX
FCSCX	+ 0.74	SWGXX
SWGXX	+ 0.73	SIGVX
UGSDX	+ 0.73	SWGXX

High negative correlations

SMAAX	- 0.31	SWGXX
UGSDX	- 0.16	SMAAX
PYUSX	- 0.0	LCCXX
UGSDX	- 0.0	LCCXX
TWACX	- 0.0	LCCXX
SMAAX	- 0.0	LCCXX

Risk-Adjusted Indicators

There is a big difference between Yorktown Mutual Fund performing well and Yorktown Small-cap 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 Yorktown Small-cap'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
SIGVX	0.05	0.00	(0.27)	0.00	0.00	(0.22)	0.10	(0.10)	0.61
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(2.12)	0.00	0.00	0.00	0.00	1.01
FCSCX	0.05	0.00	(0.25)	0.13	0.00	(0.27)	0.13	(0.13)	0.67
SMAAX	0.16	(0.03)	0.00	(0.75)	0.00	0.00	0.20	(0.39)	1.40
TWACX	0.07	(0.01)	(0.36)	0.47	0.08	(0.16)	0.22	(0.11)	0.56
UGSDX	0.05	0.01	0.00	(0.37)	0.00	0.00	0.00	0.00	1.03
PYUSX	0.11	(0.01)	(0.28)	(0.40)	0.12	(0.18)	0.32	(0.21)	0.75

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