Community Reinvestment Correlations

Mutual Funds . USA . 
Fund . Community Reinvestment Act
CRANX Fund  USD 9.48  0.02  0.21%   
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

Good diversification

The correlation between Community Reinvestment Act and DJI is -0.08 (i.e., Good 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 board of governors.

Moving together with Community Mutual Fund

  0.83CRATX Community ReinvestmentPairCorr
  0.83CRAIX Community ReinvestmentPairCorr
  0.62VBTLX Vanguard Total BondPairCorr
  0.78VBMFX Vanguard Total BondPairCorr
  0.78VBTIX Vanguard Total BondPairCorr
  0.78VTBSX Vanguard Total BondPairCorr
  0.78VTBIX Vanguard Total BondPairCorr
  0.78VTBNX Vanguard Total BondPairCorr
  0.75FBOFX American FundsPairCorr
  0.75FFBOX American FundsPairCorr
  0.77BFAFX Bond FundPairCorr
  0.76ABNDX Bond FundPairCorr
  0.68LNOCX Ladenburg Income GrowthPairCorr
  0.61CAFCX Amcap Fund ClassPairCorr
  0.61MSMIX Mainstay Map EquityPairCorr
  0.79FADMX Fidelity Advisor StrPairCorr
  0.7FCSPX Federated Porate BondPairCorr

Related Correlations Analysis

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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.

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