Cemlx Correlations

CEMLX Fund

USD 9.17 0.08 0.86%

The current 90-days correlation between Cemlx and Us Government Securities is -0.28 (i.e., Very good diversification). The correlation of Cemlx 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.

Cemlx Correlation With Market

Very poor diversification

The correlation between Cemlx and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemlx 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 Cemlx. 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 bureau of economic analysis.

Moving together with Cemlx Mutual Fund

0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.93	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.83	NHS	Neuberger Berman High	Pair Corr
0.95	BA	Boeing	Pair Corr
0.93	DIS	Walt Disney	Pair Corr
0.85	TRV	The Travelers Companies	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.9	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.95	AXP	American Express	Pair Corr
0.94	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	UGSFX	FCSCX	GPVXX	HCSBX	INGXX	RGVCX	TUGXX
UGSFX		0.34	-0.16	0.1	-0.16	1.0	-0.04	UGSFX
FCSCX	0.34		0.63	0.5	0.63	0.33	0.64	FCSCX
GPVXX	-0.16	0.63		0.62	1.0	-0.17	0.94	GPVXX
HCSBX	0.1	0.5	0.62		0.62	0.11	0.58	HCSBX
INGXX	-0.16	0.63	1.0	0.62		-0.17	0.94	INGXX
RGVCX	1.0	0.33	-0.17	0.11	-0.17		-0.04	RGVCX
TUGXX	-0.04	0.64	0.94	0.58	0.94	-0.04		TUGXX
	UGSFX	FCSCX	GPVXX	HCSBX	INGXX	RGVCX	TUGXX

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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

RGVCX	+ 1.0	UGSFX
INGXX	+ 1.0	GPVXX
TUGXX	+ 0.94	GPVXX
TUGXX	+ 0.94	INGXX
TUGXX	+ 0.64	FCSCX
GPVXX	+ 0.63	FCSCX

High negative correlations

RGVCX	- 0.17	INGXX
RGVCX	- 0.17	GPVXX
INGXX	- 0.16	UGSFX
GPVXX	- 0.16	UGSFX
TUGXX	- 0.04	RGVCX
TUGXX	- 0.04	UGSFX

Risk-Adjusted Indicators

There is a big difference between Cemlx Mutual Fund performing well and Cemlx 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 Cemlx'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
UGSFX	0.32	0.00	(0.05)	(0.07)	0.38	(0.35)	0.59	(0.67)	1.83
FCSCX	0.07	0.00	(0.17)	0.00	0.00	(0.20)	0.13	(0.13)	0.53
GPVXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
HCSBX	0.11	0.00	(0.05)	(0.07)	0.18	(0.17)	0.21	(0.42)	1.69
INGXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
RGVCX	0.32	0.01	(0.05)	(0.09)	0.38	(0.33)	0.59	(0.67)	1.91
TUGXX	0.03	0.01	0.00	1.29	0.00	0.00	0.00	0.00	1.01

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