Evaluator Aggressive Correlations

EVFGX Fund

USD 15.62 0.14 0.90%

The current 90-days correlation between Evaluator Aggressive Rms and Sterling Capital Behavioral is -0.06 (i.e., Good 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

Significant diversification

The correlation between Evaluator Aggressive Rms and DJI is 0.09 (i.e., Significant 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 rate.

Moving together with Evaluator Mutual Fund

1.0	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.98	EVFTX	Evaluator Tactically	Pair Corr
0.99	EVFMX	Evaluator Moderate Rms	Pair Corr
0.79	EVFCX	Evaluator Conservative	Pair Corr
0.83	EVGRX	Evaluator Growth Rms	Pair Corr
0.83	EVGLX	Evaluator Growth Rms	Pair Corr
0.98	EVMLX	Evaluator Moderate Rms	Pair Corr
0.97	EVTTX	Evaluator Tactically	Pair Corr
0.73	EVVLX	Evaluator Very Conse	Pair Corr
0.87	EVVCX	Evaluator Very Conse	Pair Corr
0.96	CGRGX	American Funds Growth	Pair Corr
0.8	FPGGX	American Funds Growth	Pair Corr
0.96	FGPGX	American Funds Growth	Pair Corr
0.96	GWPCX	American Funds Growth	Pair Corr
0.96	GWPFX	American Funds Growth	Pair Corr
0.97	GWPAX	American Funds Growth	Pair Corr
0.96	CGQGX	American Funds Growth	Pair Corr
0.89	AEPFX	Europacific Growth	Pair Corr
0.7	RDMIX	Rational Dynamic Momentum	Pair Corr
0.71	IDIVX	Integrity Dividend	Pair Corr
0.63	SNSAX	Saat Defensive Strategy	Pair Corr

Moving against Evaluator Mutual Fund

0.87	USPIX	Profunds Ultrashort	Pair Corr
0.8	USPSX	Profunds Ultrashort	Pair Corr
0.33	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	BBISX	PCLVX	TALCX	FLRAX	PTEZX	LMUSX
BBISX		0.66	0.97	0.81	0.64	0.9	BBISX
PCLVX	0.66		0.65	0.47	0.61	0.52	PCLVX
TALCX	0.97	0.65		0.8	0.64	0.88	TALCX
FLRAX	0.81	0.47	0.8		0.83	0.89	FLRAX
PTEZX	0.64	0.61	0.64	0.83		0.7	PTEZX
LMUSX	0.9	0.52	0.88	0.89	0.7		LMUSX
	BBISX	PCLVX	TALCX	FLRAX	PTEZX	LMUSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBISX	0.54	0.04	0.05	0.10	0.53	(0.59)	1.25	(1.27)	3.29
PCLVX	0.51	0.00	(0.02)	0.06	0.59	(0.53)	1.13	(0.85)	3.48
TALCX	0.49	0.03	0.03	0.09	0.52	(0.55)	1.24	(0.94)	3.20
FLRAX	0.58	0.07	0.02	0.53	0.89	(0.53)	1.35	(1.31)	3.70
PTEZX	0.59	0.05	0.00	0.46	0.89	(0.56)	1.15	(1.15)	3.53
LMUSX	0.56	0.03	0.03	0.09	0.76	(0.52)	1.25	(1.38)	3.59

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