Community Reinvestment Correlations

Mutual Funds . USA . 
Fund . Community Reinvestment Act
CRAIX Fund  USD 9.49  0.02  0.21%   
The current 90-days correlation between Community Reinvestment and Community Reinvestment Act is 0.94 (i.e., Almost no diversification). The correlation of Community Reinvestment 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.

Community Reinvestment Correlation With Market

Average diversification

The correlation between Community Reinvestment Act and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Reinvestment Act 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 Community Reinvestment Act. 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 Community Mutual Fund

  1.0CRATX Community ReinvestmentPairCorr
  0.99CRANX Community ReinvestmentPairCorr
  0.86VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.98VBTIX Vanguard Total BondPairCorr
  0.98VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.97FBOFX American FundsPairCorr
  0.97FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.97ABNDX Bond FundPairCorr
  0.63SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.63SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.65LNOCX Ladenburg Income GrowthPairCorr
  0.76AVGYX Dynamic Total ReturnPairCorr
  0.76FADMX Fidelity Advisor StrPairCorr
  0.9FCSPX Federated Porate BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Community Mutual Fund performing well and Community Reinvestment 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 Community Reinvestment'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
CRATX  0.19  0.00 (0.47) 0.24  0.17 
(0.23)
 0.32 
(0.42)
 0.96 
CRANX  0.19  0.01 (0.44) 0.25  0.16 
(0.23)
 0.32 
(0.42)
 0.96 
CRAIX  0.19  0.01 (0.48) 0.37  0.16 
(0.22)
 0.43 
(0.42)
 0.85 
CSOIX  0.11  0.04 (0.59) 0.63  0.00 
(0.22)
 0.53 
(0.11)
 0.86 
AFLIX  0.07  0.03 (0.77) 0.88  0.00 
(0.13)
 0.12 
(0.11)
 0.35 
VGENX  0.56  0.11  0.00  0.63  0.52 
(0.61)
 1.17 
(1.12)
 3.65 
MIOIX  0.63  0.13  0.11  0.34  0.33 
(0.71)
 2.30 
(1.10)
 4.10 
ADVYX  0.26  0.01 (0.34) 0.19  0.24 
(0.30)
 0.56 
(0.44)
 1.23 
RAFAX  0.71  0.14  0.14  0.28  0.50 
(0.79)
 2.13 
(1.37)
 5.46 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 

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