Congressional Effect Correlations

Mutual Funds . USA . 
Fund . Congressional Effect Fund
CEFIX Fund  USD 14.07  0.09  0.64%   
The current 90-days correlation between Congressional Effect and Jpmorgan Diversified Fund is 0.53 (i.e., Very weak diversification). The correlation of Congressional Effect 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.

Congressional Effect Correlation With Market

Very weak diversification

The correlation between Congressional Effect Fund and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congressional Effect 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 Congressional Effect 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 gross domestic product.

Moving together with Congressional Mutual Fund

  0.96CDHIX Calvert Developed MarketPairCorr
  0.96CDHAX Calvert Developed MarketPairCorr
  0.87CDICX Calvert Short DurationPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.89CDSRX Calvert Short DurationPairCorr
  0.88CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  1.0CEFAX Calvert Emerging MarketsPairCorr
  0.88CEMCX Calvert Emerging MarketsPairCorr
  0.88CEMAX Calvert Emerging MarketsPairCorr
  0.93CEYIX Calvert Equity PortfolioPairCorr
  0.93CEYRX Calvert EquityPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.92CWVIX Calvert InternationalPairCorr
  0.92CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.88CFICX Calvert IncomePairCorr
  0.97CFJIX Calvert Large CapPairCorr
  0.97CFJAX Calvert Large CapPairCorr
  0.98CFOIX Calvert Floating RatePairCorr
  0.98CFOAX Calvert Floating RatePairCorr
  0.97CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.97CFWIX Calvert Global WaterPairCorr
  0.98CGARX Calvert Responsible IndexPairCorr
  0.99CGAEX Calvert Global EnergyPairCorr
  0.71CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.73CGBIX Calvert Green BondPairCorr
  0.98CGJAX Calvert Large CapPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.97CGLIX Calvert Global EquityPairCorr
  0.96CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  0.97CYBIX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Congressional Mutual Fund performing well and Congressional Effect 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 Congressional Effect'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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