Crafword Dividend Correlations

CDGCX Fund  USD 14.99  0.04  0.27%   
The current 90-days correlation between Crafword Dividend Growth and The Hartford Inflation is 0.04 (i.e., Significant diversification). The correlation of Crafword Dividend 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.

Crafword Dividend Correlation With Market

Almost no diversification

The correlation between Crafword Dividend Growth and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crafword Dividend 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 Crafword Dividend 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 main economic indicators.

Moving together with Crafword Mutual Fund

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Crafword Mutual Fund performing well and Crafword Dividend 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 Crafword Dividend'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.