Zevenbergen Genea Correlations

ZVGNX Fund

USD 45.96 1.70 3.84%

The current 90-days correlation between Zevenbergen Genea and Cornercap Small Cap Value is 0.31 (i.e., Weak 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

Good diversification

The correlation between Zevenbergen Genea Fund and DJI is -0.09 (i.e., Good 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 board of governors.

Moving together with Zevenbergen Mutual Fund

0.96	ZVGIX	Zevenbergen Genea	Pair Corr
0.94	ZVNIX	Zevenbergen Growth	Pair Corr
0.94	ZVNBX	Zevenbergen Growth	Pair Corr
0.88	FAFGX	American Funds	Pair Corr
0.88	FFAFX	American Funds	Pair Corr
0.87	GFACX	Growth Fund	Pair Corr
0.9	GFAFX	Growth Fund	Pair Corr
0.93	AGTHX	Growth Fund	Pair Corr
0.88	CGFFX	Growth Fund	Pair Corr
0.89	CGFCX	Growth Fund	Pair Corr
0.88	CGFAX	Growth Fund	Pair Corr
0.88	CGFEX	Growth Fund	Pair Corr
0.88	RGAEX	Growth Fund	Pair Corr
0.69	SMPIX	Semiconductor Ultrasector	Pair Corr
0.66	SMPSX	Semiconductor Ultrasector	Pair Corr
0.91	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Zevenbergen Mutual Fund

0.49	TREMX	T Rowe Price	Pair Corr
0.77	GF	New Germany Closed	Pair Corr
0.65	BISMX	Brandes International	Pair Corr
0.65	PSDNX	Putnam Ultra Short	Pair Corr
0.64	USGDX	Morgan Stanley Government	Pair Corr
0.61	HRBDX	Harbor Bond Fund	Pair Corr
0.61	ABNOX	Ab Bond Inflation	Pair Corr
0.6	ARBOX	Absolute Convertible	Pair Corr
0.57	VICSX	Vanguard Intermediate-ter	Pair Corr
0.56	EMBAX	Unconstrained Emerging	Pair Corr
0.49	GIOIX	Guggenheim Macro Opp	Pair Corr
0.48	SAEMX	Sa Emerging Markets	Pair Corr
0.44	UTF	Cohen And Steers	Pair Corr
0.41	DLDFX	Destinations Low Duration	Pair Corr
0.36	SGDLX	Sprott Gold Equity	Pair Corr
0.33	HTD	John Hancock Tax	Pair Corr

Related Correlations Analysis

	CSCVX	SMVTX	UCPIX	RRMVX	ABYSX	AOPAX	BPSCX
CSCVX		0.23	-0.11	0.15	0.15	0.33	0.17	CSCVX
SMVTX	0.23		-0.91	0.94	0.95	-0.17	0.95	SMVTX
UCPIX	-0.11	-0.91		-0.89	-0.97	0.38	-0.95	UCPIX
RRMVX	0.15	0.94	-0.89		0.97	-0.11	0.96	RRMVX
ABYSX	0.15	0.95	-0.97	0.97		-0.27	0.98	ABYSX
AOPAX	0.33	-0.17	0.38	-0.11	-0.27		-0.2	AOPAX
BPSCX	0.17	0.95	-0.95	0.96	0.98	-0.2		BPSCX
	CSCVX	SMVTX	UCPIX	RRMVX	ABYSX	AOPAX	BPSCX

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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

BPSCX	+ 0.98	ABYSX
ABYSX	+ 0.97	RRMVX
BPSCX	+ 0.96	RRMVX
ABYSX	+ 0.95	SMVTX
BPSCX	+ 0.95	SMVTX
RRMVX	+ 0.94	SMVTX

High negative correlations

ABYSX	- 0.97	UCPIX
BPSCX	- 0.95	UCPIX
UCPIX	- 0.91	SMVTX
RRMVX	- 0.89	UCPIX
AOPAX	- 0.27	ABYSX
BPSCX	- 0.2	AOPAX

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
CSCVX	0.43	(0.09)	0.00	1.76	0.00	0.00	0.97	(1.23)	4.53
SMVTX	1.04	(0.14)	0.00	(0.18)	0.00	0.00	1.55	(2.22)	9.55
UCPIX	1.99	0.28	0.17	(0.17)	2.12	(2.23)	5.49	(3.62)	13.88
RRMVX	0.73	(0.04)	0.00	(0.08)	0.00	0.00	1.27	(1.60)	3.46
ABYSX	0.88	(0.08)	0.00	(0.12)	0.00	0.00	1.43	(2.08)	4.03
AOPAX	0.47	0.04	0.08	0.06	0.66	(0.49)	1.15	(1.14)	3.90
BPSCX	0.85	(0.08)	0.00	(0.12)	0.00	0.00	1.61	(2.10)	4.06

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