Blueprint Adaptive Correlations

BLUIX Fund

USD 15.26 0.01 0.07%

The correlation of Blueprint Adaptive 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.

Blueprint Adaptive Correlation With Market

Poor diversification

The correlation between Blueprint Adaptive Growth and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blueprint Adaptive Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blueprint Adaptive Growth. 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 Blueprint Mutual Fund

0.98	FBONX	American Funds American	Pair Corr
0.98	FBAFX	American Funds American	Pair Corr
0.97	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.98	BALFX	American Balanced	Pair Corr
0.98	RLBCX	American Balanced	Pair Corr
0.98	RLBBX	American Balanced	Pair Corr
0.98	CLBAX	American Balanced	Pair Corr
0.98	CLBEX	American Balanced	Pair Corr
0.98	RLBFX	American Balanced	Pair Corr
0.97	PFN	Pimco Income Strategy	Pair Corr
0.95	CIF	Mfs Intermediate High	Pair Corr
0.66	NXJ	Nuveen New Jersey	Pair Corr
0.94	PCF	Putnam High Income	Pair Corr
0.94	COSIX	Columbia Strategic Income	Pair Corr
0.98	GGPPX	Goldman Sachs Growth	Pair Corr
0.99	LIGFX	Lord Abbett Diversified	Pair Corr
0.94	MGHRX	Morgan Stanley Insti Steady Growth	Pair Corr
0.93	DNLAX	Dreyfus Natural Resources	Pair Corr
0.96	FMIHX	Large Cap Fund	Pair Corr
0.87	MGLRX	Mfs Global Real	Pair Corr
0.94	GITAX	Goldman Sachs Technology	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.73	ABNDX	Bond Fund	Pair Corr
0.98	PJDZX	Prudential Jennison	Pair Corr
0.97	DRIOX	Driehaus International	Pair Corr
0.98	RGAFX	Growth Fund	Pair Corr
0.97	JDVNX	Jhancock Disciplined	Pair Corr
0.98	RBNNX	Robinson Opportunistic	Pair Corr
0.94	ICBAX	Icon Natural Resources	Pair Corr
0.87	IEFCX	Invesco Energy	Pair Corr
0.97	GGEYX	Guidestone Fds Growth	Pair Corr
0.98	JRLZX	Retirement Living Through	Pair Corr
0.77	REMIX	Standpoint Multi Asset	Pair Corr
0.96	SCRYX	Small Cap Core	Pair Corr

Moving against Blueprint Mutual Fund

0.47	XDSMX	Dreyfus Strategic	Pair Corr
0.47	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	EQCHX	TFPN	HFCIX	MICFX	EIVFX	FPURX	TLCDX	MDAAX	IYBIX
EQCHX		-0.8	-0.88	-0.75	-0.83	-0.84	-0.78	-0.82	-0.83	EQCHX
TFPN	-0.8		0.94	0.88	0.92	0.92	0.77	0.9	0.93	TFPN
HFCIX	-0.88	0.94		0.9	0.9	0.91	0.79	0.89	0.91	HFCIX
MICFX	-0.75	0.88	0.9		0.92	0.92	0.6	0.91	0.93	MICFX
EIVFX	-0.83	0.92	0.9	0.92		0.99	0.74	0.98	0.99	EIVFX
FPURX	-0.84	0.92	0.91	0.92	0.99		0.74	0.99	1.0	FPURX
TLCDX	-0.78	0.77	0.79	0.6	0.74	0.74		0.71	0.75	TLCDX
MDAAX	-0.82	0.9	0.89	0.91	0.98	0.99	0.71		0.98	MDAAX
IYBIX	-0.83	0.93	0.91	0.93	0.99	1.0	0.75	0.98		IYBIX
	EQCHX	TFPN	HFCIX	MICFX	EIVFX	FPURX	TLCDX	MDAAX	IYBIX

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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

IYBIX	+ 1.0	FPURX
FPURX	+ 0.99	EIVFX
IYBIX	+ 0.99	EIVFX
MDAAX	+ 0.99	FPURX
MDAAX	+ 0.98	EIVFX
IYBIX	+ 0.98	MDAAX

High negative correlations

HFCIX	- 0.88	EQCHX
FPURX	- 0.84	EQCHX
IYBIX	- 0.83	EQCHX
EIVFX	- 0.83	EQCHX
MDAAX	- 0.82	EQCHX
TFPN	- 0.8	EQCHX

Risk-Adjusted Indicators

There is a big difference between Blueprint Mutual Fund performing well and Blueprint Adaptive 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 Blueprint Adaptive'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
EQCHX	0.45	(0.08)	0.00	(1.10)	0.00	0.00	0.88	(1.18)	2.72
TFPN	0.47	0.05	(0.08)	0.29	0.43	(0.52)	1.10	(0.99)	2.48
HFCIX	1.20	0.51	0.23	(1.65)	0.96	(1.36)	3.11	(1.74)	7.18
MICFX	0.88	0.15	0.09	0.44	0.67	(1.12)	2.70	(1.75)	5.96
EIVFX	0.53	0.07	0.03	0.23	0.46	(0.58)	1.54	(0.97)	3.90
FPURX	0.41	0.08	0.04	0.28	0.23	(0.45)	1.28	(0.84)	2.85
TLCDX	0.46	0.00	(0.15)	0.14	0.53	(0.49)	1.00	(0.87)	2.42
MDAAX	0.37	0.16	0.04	(2.61)	0.08	(0.44)	1.18	(0.75)	2.53
IYBIX	0.41	0.07	0.02	0.26	0.32	(0.48)	1.12	(0.95)	2.73

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