Evaluator Conservative Correlations

EVFCX Fund

USD 10.41 0.04 0.39%

The current 90-days correlation between Evaluator Conservative and Victory Diversified Stock is 0.57 (i.e., Very weak diversification). The correlation of Evaluator Conservative 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.

Evaluator Conservative Correlation With Market

Poor diversification

The correlation between Evaluator Conservative Rms and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Conservative Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Conservative Rms. 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 persons.

Moving together with Evaluator Mutual Fund

0.93	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.98	EVFTX	Evaluator Tactically	Pair Corr
0.96	EVFMX	Evaluator Moderate Rms	Pair Corr
0.93	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.95	EVGRX	Evaluator Growth Rms	Pair Corr
0.95	EVGLX	Evaluator Growth Rms	Pair Corr
0.96	EVMLX	Evaluator Moderate Rms	Pair Corr
0.98	EVTTX	Evaluator Tactically	Pair Corr
0.96	EVVLX	Evaluator Very Conse	Pair Corr
0.96	EVVCX	Evaluator Very Conse	Pair Corr
0.87	FASIX	Fidelity Asset Manager	Pair Corr
0.87	FTIWX	Fidelity Asset Manager	Pair Corr
0.88	FTDWX	Fidelity Asset Manager	Pair Corr
0.87	FTAWX	Fidelity Asset Manager	Pair Corr
0.87	FIKVX	Fidelity Asset Manager	Pair Corr
0.9	FTCWX	Fidelity Asset Manager	Pair Corr
0.87	VASIX	Vanguard Lifestrategy	Pair Corr
0.92	PFIPX	Strategic Asset Mana	Pair Corr
0.76	FELIX	Fidelity Advisor Sem	Pair Corr
0.63	RYVYX	Nasdaq 100 2x	Pair Corr
0.63	RYVLX	Nasdaq 100 2x	Pair Corr
0.74	FSELX	Fidelity Select Semi	Pair Corr
0.65	CEE	Central Europe Russia	Pair Corr
0.91	TRFOX	T Rowe Price	Pair Corr
0.62	TIBRX	Thornburg Investment	Pair Corr
0.85	CLSYX	Columbia Global Dividend	Pair Corr
0.89	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.72	FSAEX	Fidelity Series All	Pair Corr
0.84	FLTFX	Franklin Lifesmart 2055	Pair Corr
0.9	FRBDX	Fidelity Freedom 2070	Pair Corr
0.68	ASIEX	Strategic Income	Pair Corr
0.95	JCACX	Janus Global Allocation	Pair Corr
0.9	TBLOX	T Rowe Price	Pair Corr

Related Correlations Analysis

	VDSCX	CDBCX	FPTPX	CDEYX	FHCOX	MBLAX	JPDVX	BICPX	FZABX
VDSCX		0.18	0.04	0.8	-0.09	-0.18	0.87	0.21	0.94	VDSCX
CDBCX	0.18		0.51	0.32	0.5	0.18	0.08	0.78	0.12	CDBCX
FPTPX	0.04	0.51		0.43	0.72	0.84	-0.08	0.82	-0.06	FPTPX
CDEYX	0.8	0.32	0.43		0.3	0.2	0.62	0.46	0.66	CDEYX
FHCOX	-0.09	0.5	0.72	0.3		0.45	-0.27	0.67	-0.25	FHCOX
MBLAX	-0.18	0.18	0.84	0.2	0.45		-0.19	0.47	-0.22	MBLAX
JPDVX	0.87	0.08	-0.08	0.62	-0.27	-0.19		0.07	0.89	JPDVX
BICPX	0.21	0.78	0.82	0.46	0.67	0.47	0.07		0.12	BICPX
FZABX	0.94	0.12	-0.06	0.66	-0.25	-0.22	0.89	0.12		FZABX
	VDSCX	CDBCX	FPTPX	CDEYX	FHCOX	MBLAX	JPDVX	BICPX	FZABX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FZABX	+ 0.94	VDSCX
FZABX	+ 0.89	JPDVX
JPDVX	+ 0.87	VDSCX
MBLAX	+ 0.84	FPTPX
BICPX	+ 0.82	FPTPX
CDEYX	+ 0.8	VDSCX

High negative correlations

JPDVX	- 0.27	FHCOX
FZABX	- 0.25	FHCOX
FZABX	- 0.22	MBLAX
JPDVX	- 0.19	MBLAX
MBLAX	- 0.18	VDSCX
FHCOX	- 0.09	VDSCX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Conservative 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 Evaluator Conservative'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VDSCX	0.85	(0.18)	0.00	(0.10)	0.00	0.00	1.19	(1.63)	15.21
CDBCX	0.16	0.00	(0.25)	(0.06)	0.16	(0.19)	0.32	(0.32)	0.97
FPTPX	0.27	(0.01)	(0.12)	0.04	0.27	(0.31)	0.55	(0.55)	1.32
CDEYX	0.63	(0.07)	0.00	(0.06)	0.00	0.00	0.98	(1.12)	7.16
FHCOX	0.05	0.01	0.00	0.48	0.00	0.00	0.10	(0.10)	0.50
MBLAX	0.23	(0.02)	(0.16)	0.00	0.27	(0.29)	0.47	(0.47)	1.32
JPDVX	0.55	(0.17)	0.00	(0.22)	0.00	0.00	0.77	(0.83)	10.80
BICPX	0.19	0.00	(0.14)	0.06	0.15	(0.24)	0.42	(0.41)	1.16
FZABX	0.90	(0.20)	0.00	(0.12)	0.00	0.00	1.37	(1.45)	15.02

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