Evaluator Aggressive Correlations

Mutual Funds . USA . 
Fund . Evaluator Aggressive Rms
EVFGX Fund  USD 14.65  0.10  0.69%   
The current 90-days correlation between Evaluator Aggressive Rms and Hennessy Bp Energy is 0.43 (i.e., Very weak diversification). The correlation of Evaluator Aggressive 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 Aggressive Correlation With Market

Very poor diversification

The correlation between Evaluator Aggressive Rms and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Aggressive 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 Aggressive 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 price.

Moving together with Evaluator Mutual Fund

  1.0EVAGX Evaluator Aggressive RmsPairCorr
  1.0EVFTX Evaluator TacticallyPairCorr
  1.0EVFMX Evaluator Moderate RmsPairCorr
  0.99EVFCX Evaluator ConservativePairCorr
  1.0EVGRX Evaluator Growth RmsPairCorr
  1.0EVGLX Evaluator Growth RmsPairCorr
  1.0EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.97EVVLX Evaluator Very ConsePairCorr
  0.97EVVCX Evaluator Very ConsePairCorr
  1.0CGRGX American Funds GrowthPairCorr
  1.0FPGGX American Funds GrowthPairCorr
  1.0FGPGX American Funds GrowthPairCorr
  0.99MUTHX Franklin Mutual SharesPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.99FMSHX Franklin Mutual SharesPairCorr
  1.0GWPCX American Funds GrowthPairCorr
  1.0GWPFX American Funds GrowthPairCorr
  1.0GWPAX American Funds GrowthPairCorr
  1.0CGQGX American Funds GrowthPairCorr
  0.91FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.96BTMKX Blackrock InternationalPairCorr
  0.96MDIIX Blackrock Intern IndexPairCorr
  0.7SPMPX Invesco Steelpath MlpPairCorr
  0.71MLPNX Oppenheimer Steelpath MlpPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.69SPMJX Invesco Steelpath MlpPairCorr
  0.99PSBJX Smallcap Fund FkaPairCorr
  0.94NWGSX Nationwide Highmark SmallPairCorr
  0.98MMEAX Victory IntegrityPairCorr
  1.0SSDWX State Street TargetPairCorr
  0.98MMMSX Victory IntegrityPairCorr
  0.92SDHAX Lord Abbett ShortPairCorr
  0.78PFONX Pimco International BondPairCorr
  1.0VIGAX Vanguard Growth IndexPairCorr
  0.98LRSOX Lord Abbett SmallPairCorr
  0.99RLBCX American BalancedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Aggressive 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 Aggressive'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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