Frost Growth Correlations

FICEX Fund  USD 16.80  0.10  0.60%   
The current 90-days correlation between Frost Growth Equity and Wabmsx is 0.92 (i.e., Almost no diversification). The correlation of Frost 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.

Frost Growth Correlation With Market

Very poor diversification

The correlation between Frost Growth Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Growth Equity 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 Frost Growth Equity. 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 income.

Moving together with Frost Mutual Fund

  0.66FACEX Frost Growth EquityPairCorr
  0.95FCFIX Frost CreditPairCorr
  0.94FCFBX Fidelity Advisor FreedomPairCorr
  0.95FCFAX Frost CreditPairCorr
  0.61FIJEX Frost Total ReturnPairCorr
  0.77FILDX Frost Low DurationPairCorr
  0.75FAFGX American FundsPairCorr
  0.75FFAFX American FundsPairCorr
  0.75GFACX Growth FundPairCorr
  0.75GFAFX Growth FundPairCorr
  0.75AGTHX Growth FundPairCorr
  0.75CGFFX Growth FundPairCorr
  0.75CGFCX Growth FundPairCorr
  0.75CGFAX Growth FundPairCorr
  0.75CGFEX Growth FundPairCorr
  0.75RGAEX Growth FundPairCorr
  0.81ASG Liberty All StarPairCorr
  0.77IIF Morgan Stanley IndiaPairCorr
  0.79CII Blackrock EnhancedPairCorr
  0.7IFN India ClosedPairCorr
  0.76ETV Eaton Vance TaxPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.94CRF Cornerstone StrategicPairCorr
  0.76USA Liberty All StarPairCorr
  0.78ETY Eaton Vance TaxPairCorr
  0.66NFJ Virtus Dividend InterestPairCorr
  0.91DURCX Deutsche European EquityPairCorr
  0.93RPNIX Riverpark/next CenturyPairCorr
  0.75GRMAX Nationwide Sp 500PairCorr
  0.97MSAAX Active InternationalPairCorr
  0.67USCRX Cornerstone ModeratelyPairCorr
  0.76TLYRX Tiaa Cref LifecyclePairCorr
  0.99WFOPX Wells Fargo OpportunityPairCorr
  0.67HBATX Hartford ModeratePairCorr
  0.98CRLSX Calamos LongshortPairCorr
  0.76FEYIX Fidelity Asset ManagerPairCorr
  0.75BRGNX Blckrck Fdsiii RssllPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost 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 Frost 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.