Catholic Responsible Correlations

Mutual Funds . USA . 
Fund . Catholic Responsible Investments
CMUVX Fund  USD 11.57  0.01  0.09%   
The current 90-days correlation between Catholic Responsible and Catholic Responsible Investments is -0.12 (i.e., Good diversification). The correlation of Catholic Responsible 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 Responsible Correlation With Market

Almost no diversification

The correlation between Catholic Responsible Investmen and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Responsible Investmen 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 Responsible Investments. 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 real.

Moving together with Catholic Mutual Fund

  0.99CMMVX Catholic ResponsiblePairCorr
  0.99CMMSX Catholic ResponsiblePairCorr
  0.98CMNVX Catholic ResponsiblePairCorr
  0.99CMNSX Catholic ResponsiblePairCorr
  0.98CMPVX Catholic ResponsiblePairCorr
  0.99CMPSX Catholic ResponsiblePairCorr
  0.99CMUSX Catholic ResponsiblePairCorr
  0.66CRBVX Catholic ResponsiblePairCorr
  0.63CRBSX Catholic ResponsiblePairCorr
  0.87CRDSX Catholic ResponsiblePairCorr
  0.95CRHSX Catholic Rspnsbl InvstPairCorr
  0.99CRLVX Catholic ResponsiblePairCorr
  0.97CRNSX Catholic ResponsiblePairCorr
  0.88CROVX Catholic ResponsiblePairCorr
  0.88CROSX Catholic ResponsiblePairCorr
  0.98CRQSX Catholic ResponsiblePairCorr
  0.95CRSSX Catholic ResponsiblePairCorr
  0.98CRTVX Catholic ResponsiblePairCorr
  0.98CRTSX Catholic ResponsiblePairCorr
  0.99FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr
  0.97IFAFX Income FundPairCorr
  0.98AMECX Income FundPairCorr
  0.97RIDBX Income FundPairCorr
  0.97CIMEX Income FundPairCorr
  0.99RIDFX Income FundPairCorr
  0.97CIMCX Income FundPairCorr
  0.99CIMFX Income FundPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Responsible 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 Responsible'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CMMVX  0.41  0.17  0.05 (2.38) 0.17 
(0.49)
 1.27 
(0.91)
 2.61 
CMMSX  0.40  0.16  0.05 (3.45) 0.15 
(0.47)
 1.27 
(0.91)
 2.61 
CMNVX  0.31  0.12 (0.01) 2.94  0.00 
(0.37)
 1.00 
(0.70)
 2.04 
CMNSX  0.31  0.13 (0.01)(2.72) 0.00 
(0.39)
 1.06 
(0.70)
 2.04 
CMPVX  0.40  0.16  0.07  2.49  0.05 
(0.49)
 1.23 
(0.92)
 2.76 
CMPSX  0.40  0.17  0.06 (2.38) 0.10 
(0.48)
 1.30 
(0.90)
 2.67 
CMUSX  0.49  0.20  0.09 (2.50) 0.27 
(0.57)
 1.55 
(1.06)
 3.31 
CRBVX  0.24  0.02 (0.37)(0.56) 0.21 
(0.29)
 0.48 
(0.36)
 1.21 
CRBSX  0.23  0.01 (0.39) 0.24  0.21 
(0.27)
 0.48 
(0.48)
 1.19 
CRDSX  0.09  0.01 (0.84) 1.60  0.00 
(0.14)
 0.21 
(0.10)
 0.52 

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