Evaluator Tactically Correlations

Mutual Funds . USA . 
Fund . Evaluator Tactically Managed
EVFTX Fund  USD 11.47  0.02  0.17%   
The current 90-days correlation between Evaluator Tactically and Nuveen Strategic Municipal is 0.14 (i.e., Average diversification). The correlation of Evaluator Tactically 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 Tactically Correlation With Market

Good diversification

The correlation between Evaluator Tactically Managed and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Tactically Managed 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 Tactically Managed. 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 manufacturing.

Moving together with Evaluator Mutual Fund

  0.83EVFMX Evaluator Moderate RmsPairCorr
  0.83EVGLX Evaluator Growth RmsPairCorr
  0.83EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.98EVVLX Evaluator Very ConsePairCorr
  0.98EVVCX Evaluator Very ConsePairCorr
  0.77VWINX Vanguard Wellesley IncomePairCorr
  0.78VWIAX Vanguard Wellesley IncomePairCorr
  0.97BKMIX Blackrock Multi AssetPairCorr
  0.73HBLTX Hartford BalancedPairCorr
  0.72HBLRX Hartford BalancedPairCorr
  0.62HBLSX Hartford BalancedPairCorr
  0.67HBLVX Hartford BalancedPairCorr
  0.73HBLIX Hartford BalancedPairCorr
  0.95PNSIX T Rowe PricePairCorr
  0.97IIFAX Vy Franklin IncomePairCorr
  0.83SIRJX Sierra E RetirementPairCorr
  0.75VMPRX Wells Fargo StrategicPairCorr
  0.78LOTAX Locorr Market TrendPairCorr
  0.8BIIGX Buffalo GrowthPairCorr
  0.9VIGAX Vanguard Growth IndexPairCorr
  0.88FGCAX Federated Short-intermediaPairCorr
  0.71HIPRX The Hartford InflationPairCorr
  0.85RMQCX Monthly RebalancePairCorr
  0.88DRIGX Dimensional 2035 TargetPairCorr
  0.87FIHLX Federated InstitutionalPairCorr
  0.94INYDX Pioneer DisciplinedPairCorr
  0.95LADYX Lord Abbett DevelopingPairCorr
  0.85NTBIX Navigator Tactical FixedPairCorr
  0.71WSSRX Wells Fargo ShortPairCorr
  0.9LVAZX Lsv Emerging MarketsPairCorr
  0.72WRPRX Wells Fargo AlternativePairCorr
  0.81DMNIX Delaware Tax FreePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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