Catholic Values Correlations

Mutual Funds . USA . 
Fund . Catholic Values Fixed
CFVAX Fund  USD 8.87  0.01  0.11%   
The current 90-days correlation between Catholic Values Fixed and Fidelity Large Cap is 0.1 (i.e., Average diversification). The correlation of Catholic Values 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.

Catholic Values Correlation With Market

Significant diversification

The correlation between Catholic Values Fixed and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Values Fixed 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 Catholic Values Fixed. 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 Catholic Mutual Fund

  0.89SAAAX Simt Multi AssetPairCorr
  0.82SRWAX Saat Market GrowthPairCorr
  0.72SRYRX Simt Real ReturnPairCorr
  0.75SSCGX Simt Small CapPairCorr
  0.77SSEAX Siit Screened WorldPairCorr
  0.86SSGAX Saat Aggressive StrategyPairCorr
  0.86SASDX Saat Aggressive StrategyPairCorr
  0.61TFCAX Tax Free ConservativePairCorr
  0.77TFCYX Tax Free ConservativePairCorr
  0.82SSPIX Simt Sp 500PairCorr
  0.83SSTDX Saat Servative StrategyPairCorr
  0.87SBDAX Stet California MunicipalPairCorr
  0.88STAYX Stet Tax AdvantagedPairCorr
  0.86STDAX Saat Defensive StrategyPairCorr
  0.93ENIAX Siit Opportunistic IncomePairCorr
  0.78STLYX Simt Tax ManagedPairCorr
  0.62STMPX Simt Tax ManagedPairCorr
  0.61STMSX Simt Tax ManagedPairCorr
  0.64STVYX Simt Tax ManagedPairCorr
  0.87SCFYX Simt E FixedPairCorr
  0.91SCMSX Saat E MarketPairCorr
  0.86SCLAX Simt Multi AssetPairCorr
  0.87SCOAX Siit E FixedPairCorr
  0.87CFVYX Catholic Values FixedPairCorr
  0.8SCPAX Siit Large CapPairCorr
  0.71SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.87SUMAX Stet Short DurationPairCorr
  0.66SUSAX Siit Ultra ShortPairCorr
  0.96SDGFX Sdit Short DurationPairCorr
  0.71SDLAX Siit Dynamic AssetPairCorr
  0.71SVAYX Simt Large CapPairCorr
  0.85SDYAX Simt Dynamic AssetPairCorr
  0.81SDYYX Simt Dynamic AssetPairCorr
  0.94SVSAX Saat Servative StrategyPairCorr
  0.86SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Values 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 Catholic Values' 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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