Financial Industries Correlations

Mutual Funds . USA . 
Fund . Financial Industries Fund
FIDAX Fund  USD 18.82  0.18  0.97%   
The current 90-days correlation between Financial Industries and Bbh Intermediate Municipal is -0.06 (i.e., Good diversification). The correlation of Financial Industries 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.

Financial Industries Correlation With Market

Poor diversification

The correlation between Financial Industries Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Industries 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 Financial Industries 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 nation.

Moving together with Financial Mutual Fund

  0.83FRBAX Regional BankPairCorr
  0.83FRBCX Regional BankPairCorr
  0.82JRBFX Regional BankPairCorr
  0.82JRGRX Regional BankPairCorr

Moving against Financial Mutual Fund

  0.42JRETX J Hancock IiPairCorr
  0.42JRLHX Retirement Living ThroughPairCorr
  0.42JRLKX Multi Index 2015PairCorr
  0.42JRLOX Retirement Living ThroughPairCorr
  0.41JQLBX Multimanager LifestylePairCorr
  0.41JRLFX Multi Index 2010PairCorr
  0.39JQLGX Multimanager LifestylePairCorr
  0.38JQLCX Multimanager LifestylePairCorr
  0.38JRLIX Retirement Living ThroughPairCorr
  0.35JQLMX Multimanager LifestylePairCorr
  0.34JQLAX Multimanager LifestylePairCorr
  0.46JAAPX Alternative AssetPairCorr
  0.45JRLVX Retirement Living ThroughPairCorr
  0.43JRLPX Multi Index 2020PairCorr
  0.43JRTBX Retirement Living ThroughPairCorr
  0.42JRTDX Multi Index 2025PairCorr
  0.4JRLQX Retirement Living ThroughPairCorr
  0.4JRLUX Multi Index 2045PairCorr
  0.4JRLWX Retirement Living ThroughPairCorr
  0.4JRLZX Retirement Living ThroughPairCorr
  0.4JRODX J Hancock IiPairCorr
  0.4JAAFX Jhancock Multi IndexPairCorr
  0.4JAAJX Jhancock Multi IndexPairCorr
  0.4JAAKX Jhancock Multi IndexPairCorr
  0.37JAARX Alternative AssetPairCorr
  0.36JAAIX Alternative AssetPairCorr
  0.47JAASX Alternative AssetPairCorr
  0.45JRTWX Retirement Living ThroughPairCorr
  0.44JRTGX Retirement Living ThroughPairCorr
  0.44JRTIX Multi Index 2030PairCorr
  0.44JRTJX Retirement Living ThroughPairCorr
  0.44JRTMX Multi Index 2035PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Industries 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 Financial Industries' 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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