Baywood Skba Correlations

Mutual Funds . USA . 
Fund . Baywood Skba Valueplus
BVPIX Fund  USD 23.60  0.29  1.24%   
The current 90-days correlation between Baywood Skba Valueplus and College Retirement Equities is 0.83 (i.e., Very poor diversification). The correlation of Baywood Skba 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.

Baywood Skba Correlation With Market

Good diversification

The correlation between Baywood Skba Valueplus and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baywood Skba Valueplus 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 Baywood Skba Valueplus. 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 Baywood Mutual Fund

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Baywood Mutual Fund performing well and Baywood Skba 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 Baywood Skba'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.

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