Zevenbergen Genea Correlations

ZVGIX Fund

USD 49.07 1.33 2.64%

The current 90-days correlation between Zevenbergen Genea and Zevenbergen Genea Fund is 0.98 (i.e., Almost no diversification). The correlation of Zevenbergen Genea 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.

Zevenbergen Genea Correlation With Market

Average diversification

The correlation between Zevenbergen Genea Fund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Genea 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 Zevenbergen Genea 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 gross domestic product.

Moving together with Zevenbergen Mutual Fund

0.96	ZVGNX	Zevenbergen Genea	Pair Corr
0.93	ZVNIX	Zevenbergen Growth	Pair Corr
0.74	ZVNBX	Zevenbergen Growth	Pair Corr
0.7	GFAFX	Growth Fund	Pair Corr
0.67	AGTHX	Growth Fund	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr
0.61	VTRSX	Voya Target Retirement	Pair Corr
0.66	CYBAX	Calvert High Yield	Pair Corr

Moving against Zevenbergen Mutual Fund

0.43

RRPSX

Rising Rates Opportunity

Pair Corr

Related Correlations Analysis

	ZVGNX	ZVGIX	ZVNIX	ZVNBX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX
ZVGNX		0.96	0.89	0.7	0.5	0.0	0.0	0.57	0.52	ZVGNX
ZVGIX	0.96		0.93	0.74	0.5	0.0	0.0	0.58	0.53	ZVGIX
ZVNIX	0.89	0.93		0.85	0.43	0.0	0.0	0.28	0.28	ZVNIX
ZVNBX	0.7	0.74	0.85		0.3	0.0	0.0	0.1	0.15	ZVNBX
MNDVUX	0.5	0.5	0.43	0.3		0.0	0.0	0.5	0.5	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SMGASX
PWJQX	0.57	0.58	0.28	0.1	0.5	0.0	0.0		0.87	PWJQX
FGWMX	0.52	0.53	0.28	0.15	0.5	0.0	0.0	0.87		FGWMX
	ZVGNX	ZVGIX	ZVNIX	ZVNBX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX

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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

ZVGIX	+ 0.96	ZVGNX
ZVNIX	+ 0.93	ZVGIX
ZVNIX	+ 0.89	ZVGNX
FGWMX	+ 0.87	PWJQX
ZVNBX	+ 0.85	ZVNIX
ZVNBX	+ 0.74	ZVGIX

High negative correlations

FGWMX	- 0.0	SMGASX
PWJQX	- 0.0	SMGASX
FGWMX	- 0.0	NWWAX
PWJQX	- 0.0	NWWAX
SMGASX	- 0.0	NWWAX
SMGASX	- 0.0	MNDVUX

Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen Genea 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 Zevenbergen Genea'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
ZVGNX	1.34	(0.14)	0.00	(0.36)	0.00	0.00	3.33	(3.08)	7.62
ZVGIX	1.33	(0.12)	0.00	(0.29)	0.00	0.00	3.32	(3.06)	7.61
ZVNIX	1.18	(0.14)	0.00	(0.32)	0.00	0.00	2.98	(2.71)	7.01
ZVNBX	1.17	(0.16)	0.00	(0.24)	0.00	0.00	2.98	(2.73)	7.02
MNDVUX	0.56	0.12	0.15	(7.26)	0.58	(0.60)	1.20	(1.21)	2.80
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.75	0.09	0.08	0.24	0.95	(0.71)	1.63	(1.75)	4.22
FGWMX	0.25	0.03	0.09	0.45	0.22	(0.28)	0.55	(0.47)	1.58

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