Curasset Capital Correlations

CMBEX Fund

USD 8.88 0.01 0.11%

The current 90-days correlation between Curasset Capital Man and Wmcanx is -0.04 (i.e., Good diversification). The correlation of Curasset Capital 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.

Curasset Capital Correlation With Market

Good diversification

The correlation between Curasset Capital Management and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curasset Capital Management 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 Curasset Capital Management. 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 income.

Moving together with Curasset Mutual Fund

0.75	CMIFX	Calvert Large Cap	Pair Corr
0.98	VBTLX	Vanguard Total Bond	Pair Corr
0.9	VBMFX	Vanguard Total Bond	Pair Corr
0.88	VBTIX	Vanguard Total Bond	Pair Corr
0.98	VTBSX	Vanguard Total Bond	Pair Corr
0.98	VTBIX	Vanguard Total Bond	Pair Corr
0.98	VTBNX	Vanguard Total Bond	Pair Corr
0.9	FBOFX	American Funds	Pair Corr
0.9	FFBOX	American Funds	Pair Corr
0.89	BFAFX	Bond Fund	Pair Corr
0.98	ABNDX	Bond Fund	Pair Corr
0.69	DHEIX	Diamond Hill Short	Pair Corr
0.87	PMSIX	Core Plus Bond	Pair Corr
0.88	WIIBX	Westcore Plus Bond	Pair Corr
0.67	SWSFX	Ultra Short Fixed	Pair Corr

Related Correlations Analysis

	WMCANX	BBHLX	LMUSX	IEMSX	FFCGX	FBJYGX	IAADX	TMVAX
WMCANX		0.94	0.95	-0.09	0.96	0.93	0.94	0.97	WMCANX
BBHLX	0.94		0.96	-0.23	0.98	0.99	0.88	0.88	BBHLX
LMUSX	0.95	0.96		-0.14	1.0	0.96	0.89	0.93	LMUSX
IEMSX	-0.09	-0.23	-0.14		-0.13	-0.3	-0.01	-0.02	IEMSX
FFCGX	0.96	0.98	1.0	-0.13		0.97	0.91	0.93	FFCGX
FBJYGX	0.93	0.99	0.96	-0.3	0.97		0.85	0.88	FBJYGX
IAADX	0.94	0.88	0.89	-0.01	0.91	0.85		0.94	IAADX
TMVAX	0.97	0.88	0.93	-0.02	0.93	0.88	0.94		TMVAX
	WMCANX	BBHLX	LMUSX	IEMSX	FFCGX	FBJYGX	IAADX	TMVAX

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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

FFCGX	+ 1.0	LMUSX
FBJYGX	+ 0.99	BBHLX
FFCGX	+ 0.98	BBHLX
TMVAX	+ 0.97	WMCANX
FBJYGX	+ 0.97	FFCGX
FFCGX	+ 0.96	WMCANX

High negative correlations

FBJYGX	- 0.3	IEMSX
IEMSX	- 0.23	BBHLX
IEMSX	- 0.14	LMUSX
FFCGX	- 0.13	IEMSX
IEMSX	- 0.09	WMCANX
TMVAX	- 0.02	IEMSX

Risk-Adjusted Indicators

There is a big difference between Curasset Mutual Fund performing well and Curasset Capital 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 Curasset Capital'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
WMCANX	0.77	0.15	0.04	(2.53)	1.34	(0.79)	1.61	(1.45)	8.60
BBHLX	0.76	0.11	0.06	0.26	1.08	(0.83)	1.86	(1.21)	6.97
LMUSX	1.04	0.07	0.04	0.15	1.63	(1.10)	2.23	(2.19)	12.78
IEMSX	0.52	0.28	0.35	(11.85)	0.00	(0.70)	1.43	(0.67)	3.20
FFCGX	0.86	0.09	0.04	0.18	1.46	(0.86)	2.06	(1.36)	10.64
FBJYGX	0.91	0.07	0.03	0.17	1.47	(0.96)	1.91	(1.81)	9.96
IAADX	0.25	0.06	(0.04)	2.25	0.41	(0.28)	0.55	(0.46)	2.04
TMVAX	1.10	0.17	0.05	(2.49)	1.44	(1.23)	2.46	(2.14)	9.89

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