Catholic Responsible Correlations

Mutual Funds USA . 
Fund . Catholic Responsible Investments
CRQSX Fund  USD 13.64  0.09  0.66%   
The current 90-days correlation between Catholic Responsible and Catholic Responsible Investments is 0.93 (i.e., Almost no 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

Good diversification

The correlation between Catholic Responsible Investmen and DJI is -0.05 (i.e., Good 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 various price indices.

Moving together with Catholic Mutual Fund

  1.0CMMVX Catholic ResponsiblePairCorr
  1.0CMMSX Catholic ResponsiblePairCorr
  0.99CMNSX Catholic ResponsiblePairCorr
  1.0CMPVX Catholic ResponsiblePairCorr
  0.98CMUVX Catholic ResponsiblePairCorr
  1.0CMUSX Catholic ResponsiblePairCorr
  0.85CRDSX Catholic ResponsiblePairCorr
  0.94CRHSX Catholic Rspnsbl InvstPairCorr
  0.77CRNSX Catholic ResponsiblePairCorr
  0.86CROVX Catholic ResponsiblePairCorr
  0.85CROSX Catholic ResponsiblePairCorr
  0.96CRSSX Catholic ResponsiblePairCorr
  0.77CRTSX Catholic ResponsiblePairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.68VTSMX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.68VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.68VINIX Vanguard InstitutionalPairCorr
  0.68VIIIX Vanguard InstitutionalPairCorr
  0.65CPAYX Columbia Pacific/asiaPairCorr
  0.72CASAX Columbia Pacific/asiaPairCorr
  0.72CASCX Columbia PacificasiaPairCorr
  0.67MSKLX Mid Cap GrowthPairCorr
  0.78CISGX Touchstone Sands CapitalPairCorr
  0.67MPEGX Mid Cap GrowthPairCorr
  0.67PUDCX Prudential Real AssetsPairCorr
  0.98TBLPX T Rowe PricePairCorr
  0.68KNGLX Cboe Vest SpPairCorr
  0.71MIMSX Bny Mellon MidPairCorr
  0.78JFFYX Jpmorgan SmartretirementPairCorr
  0.68MITTX Massachusetts InvestorsPairCorr

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 
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 
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 
CRHSX  0.03  0.00  0.00  0.00  0.00 
 0.00 
 0.10 
 0.00 
 0.10 
CRLVX  0.56  0.15  0.13  0.42  0.24 
(0.69)
 1.66 
(0.94)
 3.88 

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