Catholic Responsible Correlations

Mutual Funds . USA . 
Fund . Catholic Responsible Investments
CROSX Fund  USD 9.33  0.01  0.11%   
The current 90-days correlation between Catholic Responsible and Catholic Responsible Investments is 0.1 (i.e., Average 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

Average diversification

The correlation between Catholic Responsible Investmen 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 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 state.

Moving together with Catholic Mutual Fund

  0.87CMMVX Catholic ResponsiblePairCorr
  0.87CMMSX Catholic ResponsiblePairCorr
  0.66CMNVX Catholic ResponsiblePairCorr
  0.89CMNSX Catholic ResponsiblePairCorr
  0.87CMPVX Catholic ResponsiblePairCorr
  0.88CMPSX Catholic ResponsiblePairCorr
  0.87CMUVX Catholic ResponsiblePairCorr
  0.86CMUSX Catholic ResponsiblePairCorr
  0.91CRBVX Catholic ResponsiblePairCorr
  0.91CRBSX Catholic ResponsiblePairCorr
  0.78CRDSX Catholic ResponsiblePairCorr
  0.93CRHSX Catholic Rspnsbl InvstPairCorr
  0.71CRNSX Catholic ResponsiblePairCorr
  0.78CROVX Catholic ResponsiblePairCorr
  0.85CRQSX Catholic ResponsiblePairCorr
  0.82CRSSX Catholic ResponsiblePairCorr
  0.67CRTVX Catholic ResponsiblePairCorr
  0.67CRTSX Catholic ResponsiblePairCorr
  0.68VBIRX Vanguard Short TermPairCorr
  0.68VFSUX Vanguard Short TermPairCorr
  0.73VFSIX Vanguard Short TermPairCorr
  0.78VFSTX Vanguard Short TermPairCorr
  0.76VBITX Vanguard Short TermPairCorr
  0.71VBISX Vanguard Short TermPairCorr
  0.74LALDX Lord Abbett ShortPairCorr
  0.72VSCSX Vanguard Short TermPairCorr
  0.79LDLAX Lord Abbett ShortPairCorr
  0.77LDLRX Lord Abbett ShortPairCorr
  0.62CPAYX Columbia Pacific/asiaPairCorr
  0.71CASAX Columbia Pacific/asiaPairCorr
  0.76CCCZX Center St BrookfieldPairCorr
  0.7CASCX Columbia PacificasiaPairCorr
  0.66CISGX Touchstone Sands CapitalPairCorr
  0.66TILWX Tiaa Cref LargePairCorr
  0.67FCPCX Fidelity Advisor IntPairCorr
  0.86THDRX Thornburg DevelopingPairCorr
  0.73FRIFX Fidelity Real EstatePairCorr

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  0.29  0.15  0.03 (3.10) 0.00 
(0.37)
 1.00 
(0.37)
 2.04 
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 

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