Fa529 Eq Correlations

Mutual Funds . USA . 
Fund . Fa529 Eq In
FEIPX Fund  USD 42.31  0.09  0.21%   
The current 90-days correlation between Fa529 Eq In and Vanguard Total Stock is 0.77 (i.e., Poor diversification). The correlation of Fa529 Eq 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.

Fa529 Eq Correlation With Market

Very poor diversification

The correlation between Fa529 Eq In 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 Fa529 Eq In 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 Fa529 Eq In. 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 american community survey.

Moving together with Fa529 Mutual Fund

  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.9PFE Pfizer IncPairCorr
  0.63XOM Exxon Mobil CorpPairCorr
  0.92AA Alcoa CorpPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.91IBM International Business Earnings Call This WeekPairCorr
  0.93DIS Walt DisneyPairCorr
  0.84CVX Chevron CorpPairCorr
  0.96CAT CaterpillarPairCorr
  0.9BA BoeingPairCorr
  0.94MSFT MicrosoftPairCorr

Moving against Fa529 Mutual Fund

  0.49KO Coca Cola Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Eq 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 Fa529 Eq'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
VTSAX  0.66  0.12  0.11  0.27  0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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