Catholic Responsible Correlations

Mutual Funds . USA . 
Fund . Catholic Responsible Investments
CRLVX Fund  USD 10.95  0.02  0.18%   
The current 90-days correlation between Catholic Responsible and Catholic Responsible Investments is -0.11 (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

Poor diversification

The correlation between Catholic Responsible Investmen and DJI is 0.64 (i.e., Poor 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

  0.98CMMVX Catholic ResponsiblePairCorr
  0.98CMMSX Catholic ResponsiblePairCorr
  0.97CMNSX Catholic ResponsiblePairCorr
  0.98CMPVX Catholic ResponsiblePairCorr
  0.99CMPSX Catholic ResponsiblePairCorr
  0.99CMUVX Catholic ResponsiblePairCorr
  0.98CMUSX Catholic ResponsiblePairCorr
  0.85CRDSX Catholic ResponsiblePairCorr
  0.93CRHSX Catholic Rspnsbl InvstPairCorr
  0.97CRNSX Catholic ResponsiblePairCorr
  0.86CROVX Catholic ResponsiblePairCorr
  0.83CROSX Catholic ResponsiblePairCorr
  0.97CRQSX Catholic ResponsiblePairCorr
  0.96CRSSX Catholic ResponsiblePairCorr
  0.97CRTVX Catholic ResponsiblePairCorr
  0.97CRTSX Catholic ResponsiblePairCorr
  0.63VGTSX Vanguard Total InterPairCorr
  0.63VTIAX Vanguard Total InterPairCorr
  0.63VTSNX Vanguard Total InterPairCorr
  0.63VTPSX Vanguard Total InterPairCorr
  0.63VTISX Vanguard Total InterPairCorr
  0.73VTMGX Vanguard DevelopedPairCorr
  0.66VDVIX Vanguard DevelopedPairCorr
  0.66VTMNX Vanguard DevelopedPairCorr
  0.66VDIPX Vanguard DevelopedPairCorr
  0.69FSPSX Fidelity InternationalPairCorr
  0.74SEVPX Guggenheim Mid CapPairCorr
  0.99UIVMX Mfs Intrinsic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 
CMNSX  0.31  0.13 (0.01)(2.72) 0.00 
(0.39)
 1.06 
(0.70)
 2.04 
CMPVX  0.39  0.17  0.05 (3.12) 0.10 
(0.47)
 1.23 
(0.92)
 2.76 
CMPSX  0.39  0.08  0.04  0.29  0.13 
(0.47)
 1.30 
(0.90)
 2.67 
CMUVX  0.48  0.09  0.07  0.27  0.28 
(0.56)
 1.55 
(1.15)
 3.31 
CMUSX  0.49  0.20  0.09 (2.50) 0.27 
(0.57)
 1.55 
(1.06)
 3.31 
CRBVX  0.23  0.01 (0.38) 0.21  0.20 
(0.27)
 0.47 
(0.36)
 1.08 
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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