Fam Value Correlations

Mutual Funds . USA . 
Fund . Fam Value Fund
FAMWX Fund  USD 105.72  0.08  0.08%   
The current 90-days correlation between Fam Value Fund and Simt Managed Volatility is -0.17 (i.e., Good diversification). The correlation of Fam Value 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.

Fam Value Correlation With Market

Almost no diversification

The correlation between Fam Value Fund and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Value Fund 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 Fam Value Fund. 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 housing.

Moving together with Fam Mutual Fund

  0.97FAMFX Fam Small CapPairCorr
  0.64FAMEX Fam Equity IncomePairCorr
  0.97FAMDX Fam Small CapPairCorr
  0.64FAMVX Fam Value FundPairCorr
  0.63VIMAX Vanguard Mid CapPairCorr
  0.63VMCIX Vanguard Mid CapPairCorr
  0.61VEMPX Vanguard Extended MarketPairCorr
  0.61VIEIX Vanguard Extended MarketPairCorr
  0.62VEXMX Vanguard Extended MarketPairCorr
  0.84SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.84SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.8EMO Clearbridge Energy MlpPairCorr
  0.65OSPPX Oppenheimer Steelpath MlpPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPNX Oppenheimer Steelpath MlpPairCorr
  0.87RSNYX Victory Global NaturalPairCorr
  0.64MLPLX Oppenheimer Steelpath MlpPairCorr
  0.87RSNRX Victory Global NaturalPairCorr
  0.63SPMJX Invesco Steelpath MlpPairCorr
  0.86DWUSX Dfa World ExPairCorr
  0.66TNIBX T Rowe PricePairCorr
  0.87AHYVX High Yield FundPairCorr
  0.78JMGIX Jpmorgan Managed IncomePairCorr
  0.87PASTX T Rowe PricePairCorr
  0.94USCAX Small Cap StockPairCorr
  0.89BLZKX Blackrock Advantage EsgPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam Value 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 Fam Value'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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