Evaluator Growth Correlations

Mutual Funds . USA . 
Fund . Evaluator Growth Rms
EVGRX Fund  USD 12.76  0.01  0.08%   
The current 90-days correlation between Evaluator Growth Rms and Evaluator Aggressive Rms is -0.13 (i.e., Good diversification). The correlation of Evaluator Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Evaluator Growth Rms and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Growth 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 Growth 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 metropolitan statistical area.

Moving together with Evaluator Mutual Fund

  0.99EVAGX Evaluator Aggressive RmsPairCorr
  0.99EVFTX Evaluator TacticallyPairCorr
  1.0EVFMX Evaluator Moderate RmsPairCorr
  0.99EVFGX Evaluator Aggressive RmsPairCorr
  0.99EVFCX Evaluator ConservativePairCorr
  1.0EVGLX Evaluator Growth RmsPairCorr
  1.0EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.97EVVLX Evaluator Very ConsePairCorr
  0.97EVVCX Evaluator Very ConsePairCorr
  0.99FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr
  0.98AMECX Income FundPairCorr
  0.99RIDBX Income FundPairCorr
  0.99CIMEX Income FundPairCorr
  0.99RIDFX Income FundPairCorr
  0.99CIMCX Income FundPairCorr
  0.99CIMFX Income FundPairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.96MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.67MLPNX Oppenheimer Steelpath MlpPairCorr
  0.64MLPMX Oppenheimer Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.76PRVDX Versatile Bond PortfolioPairCorr
  0.69TIORX Tiaa Cref BondPairCorr
  1.0CLREX Columbia BalancedPairCorr
  1.0FIFRX Franklin GrowthPairCorr
  0.96FIWCX Fidelity Sai InternaPairCorr
  0.99EISIX Eagle International StockPairCorr
  0.98FBKFX Fidelity BalancedPairCorr
  0.97GCMDX Goldman Sachs LocalPairCorr
  0.88FUFRX Franklin UtilitiesPairCorr
  0.95CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.87PARTX Putman Absolute ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Growth 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 Growth'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
EVAGX  0.54  0.24  0.11 (2.35) 0.30 
(0.67)
 1.73 
(1.19)
 3.97 
EVFTX  0.31  0.13 (0.02)(2.15) 0.00 
(0.39)
 1.02 
(0.53)
 2.19 
EVFMX  0.40  0.09  0.05  0.31  0.13 
(0.50)
 1.29 
(0.88)
 2.95 
EVFGX  0.51  0.23  0.12 (2.54) 0.26 
(0.61)
 1.68 
(1.13)
 3.83 
EVFCX  0.24  0.05 (0.11) 0.32  0.00 
(0.32)
 0.71 
(0.40)
 1.75 
EVGRX  0.48  0.11  0.08  0.31  0.21 
(0.59)
 1.50 
(1.05)
 3.44 
EVGLX  0.48  0.11  0.08  0.31  0.24 
(0.59)
 1.51 
(1.06)
 3.55 
EVMLX  0.40  0.09  0.05  0.31  0.18 
(0.50)
 1.35 
(0.88)
 3.04 
EVTTX  0.31  0.07 (0.02) 0.31  0.00 
(0.40)
 1.05 
(0.55)
 2.38 
EVVLX  0.18  0.07 (0.23)(1.93) 0.00 
(0.25)
 0.43 
(0.31)
 1.29 

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