Boyar Value Correlations

Mutual Funds . USA . 
Fund . Boyar Value Fund
BOYAX Fund  USD 33.19  0.07  0.21%   
The current 90-days correlation between Boyar Value Fund and Biotechnology Portfolio Biotechnology is 0.59 (i.e., Very weak diversification). The correlation of Boyar Value 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.

Boyar Value Correlation With Market

Very poor diversification

The correlation between Boyar Value Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boyar Value Fund 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 Boyar Value 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 Boyar Mutual Fund

  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.97SIGWX Sentinel Small PanyPairCorr
  0.99SDGZX Deutsche Capital GrowthPairCorr
  0.99THCVX Tiaa Cref LargePairCorr
  0.81RRGCX Deutsche Global RealPairCorr
  0.95HRSTX Rational Real StrategiesPairCorr
  0.94CELFX Cliffwater EnhancedPairCorr
  0.99WHGMX Westwood SmidcapPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.79HIPIX The Hartford InflationPairCorr
  0.98STSNX Sterling Capital StrattonPairCorr
  0.97RIDFX Income FundPairCorr
  0.96BADEX Blackrock DefensivePairCorr
  0.66RFCYX Strategic BondPairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.65GDFTX Goldman Sachs EPairCorr
  0.99LCEFX Invesco DiversifiedPairCorr
  0.63BGALX Baillie Gifford GlobalPairCorr
  0.98LMOIX Clearbridge Small CapPairCorr
  0.98ASMMX Invesco SummitPairCorr
  0.97LTTTX Mfs Lifetime 2025PairCorr
  0.9INDIX Alpskotak India GrowthPairCorr
  0.85JIGDX Global Bond FundPairCorr
  0.95LODMX Lord Abbett EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Boyar Mutual Fund performing well and Boyar Value 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 Boyar Value'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BOYAX  0.66  0.11  0.10  0.26  0.63 
(0.77)
 1.69 
(1.58)
 4.98 
FBIOX  1.24  0.01  0.01  0.14  1.67 
(1.33)
 2.29 
(2.18)
 9.58 
LIFAX  0.12  0.00 (0.51) 0.00  0.00 
(0.17)
 0.43 
(0.17)
 0.94 
RULFX  0.05  0.01  0.00  1.64  0.00 
 0.00 
 0.10 
(0.10)
 0.50 
OBEGX  0.73  0.20  0.19  0.41  0.47 
(0.90)
 1.87 
(1.26)
 4.04 
CICEX  0.62  0.15  0.17  0.31  0.36 
(0.73)
 2.00 
(1.12)
 4.53 
GMCFX  0.56  0.15  0.08  0.58  0.46 
(0.60)
 1.25 
(1.21)
 2.86 
MBXCX  0.48  0.11  0.07  0.38  0.00 
(0.61)
 1.17 
(0.60)
 3.19 
TVRAX  0.43  0.08  0.04  0.26  0.27 
(0.49)
 1.22 
(0.83)
 3.20 
AZNAX  0.36  0.04 (0.06) 0.23  0.18 
(0.43)
 1.10 
(0.64)
 2.56 

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