Fulcrum Diversified Correlations

FARYX Fund

USD 9.84 0.03 0.31%

The current 90-days correlation between Fulcrum Diversified and Ab Select Equity is -0.09 (i.e., Good diversification). The correlation of Fulcrum Diversified 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.

Fulcrum Diversified Correlation With Market

Good diversification

The correlation between Fulcrum Diversified Absolute and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fulcrum Diversified Absolute 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 Fulcrum Diversified Absolute. 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 Fulcrum Mutual Fund

0.73	FARIX	Fulcrum Diversified	Pair Corr
0.74	UINQX	Usaa Nasdaq 100	Pair Corr
0.81	MPIBX	Bny Mellon Intermediate	Pair Corr
0.73	QCERX	Aqr Large Cap	Pair Corr
0.84	IOBAX	Icon Bond Fund	Pair Corr
0.74	VNEYX	Vontobel Global Envi	Pair Corr
0.64	SKSRX	Deutsche Enhanced Modity	Pair Corr

Moving against Fulcrum Mutual Fund

0.5	XDSMX	Dreyfus Strategic	Pair Corr
0.5	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	AUUIX	PASTX	FREIX	VHGEX	SCWFX	DODFX	AUIAX	SMYIX
AUUIX		0.99	0.98	0.99	0.99	0.95	0.99	0.99	AUUIX
PASTX	0.99		0.98	0.98	0.99	0.95	0.98	0.98	PASTX
FREIX	0.98	0.98		0.97	0.97	0.95	1.0	0.96	FREIX
VHGEX	0.99	0.98	0.97		1.0	0.97	0.98	1.0	VHGEX
SCWFX	0.99	0.99	0.97	1.0		0.97	0.98	0.99	SCWFX
DODFX	0.95	0.95	0.95	0.97	0.97		0.96	0.98	DODFX
AUIAX	0.99	0.98	1.0	0.98	0.98	0.96		0.97	AUIAX
SMYIX	0.99	0.98	0.96	1.0	0.99	0.98	0.97		SMYIX
	AUUIX	PASTX	FREIX	VHGEX	SCWFX	DODFX	AUIAX	SMYIX

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Risk-Adjusted Indicators

There is a big difference between Fulcrum Mutual Fund performing well and Fulcrum Diversified 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 Fulcrum Diversified'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
AUUIX	0.59	0.11	0.10	0.28	0.46	(0.70)	1.80	(1.06)	4.50
PASTX	0.95	0.29	0.25	0.43	0.63	(1.13)	2.58	(1.54)	6.19
FREIX	0.56	0.22	0.08	(2.70)	0.39	(0.63)	1.52	(0.95)	4.22
VHGEX	0.64	0.16	0.15	0.35	0.39	(0.77)	1.97	(1.51)	5.07
SCWFX	0.61	0.17	0.16	0.36	0.41	(0.71)	1.81	(1.17)	4.29
DODFX	0.54	0.28	0.19	(5.01)	0.00	(0.66)	1.51	(0.81)	3.43
AUIAX	0.61	0.26	0.11	(4.48)	0.43	(0.71)	1.77	(0.96)	4.81
SMYIX	0.56	0.13	0.11	0.32	0.34	(0.66)	1.58	(1.04)	3.63

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