Consumer Staples Correlations

Mutual Funds . USA . 
Fund . Consumer Staples Portfolio
FDAGX Fund  USD 85.08  0.38  0.44%   
The current 90-days correlation between Consumer Staples Por and Guidemark Large Cap is 0.27 (i.e., Modest diversification). The correlation of Consumer Staples 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.

Consumer Staples Correlation With Market

Very weak diversification

The correlation between Consumer Staples Portfolio and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Portfolio 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 Consumer Staples Portfolio. 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 price.

Moving together with Consumer Mutual Fund

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  0.67KO Coca Cola Earnings Call This WeekPairCorr
  0.61PG Procter GamblePairCorr

Moving against Consumer Mutual Fund

  0.65DTCK Davis CommoditiesPairCorr
  0.55DG Dollar GeneralPairCorr
  0.52PM Philip Morris Intern Earnings Call This WeekPairCorr
  0.51DLTR Dollar TreePairCorr
  0.46EL Estee Lauder Companies Earnings Call TomorrowPairCorr
  0.45WILC G Willi FoodPairCorr
  0.32FAMI Farmmi IncPairCorr
  0.59AVO Mission ProducePairCorr
  0.57BTI British American TobaccoPairCorr
  0.57DDC DDC Enterprise Upward RallyPairCorr
  0.55ELF ELF Beauty Buyout TrendPairCorr
  0.5DAR Darling Ingredients Earnings Call This WeekPairCorr
  0.48ADM Archer Daniels MidlandPairCorr
  0.36BUD Anheuser Busch InbevPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Staples 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 Consumer Staples' 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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