Fkgygx Correlations
| FKGYGX Fund | 12.75 0.00 0.00% |
The current 90-days correlation between Fkgygx and Franklin Natural Resources is -0.19 (i.e., Good diversification). The correlation of Fkgygx 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.
Fkgygx Correlation With Market
Modest diversification
The correlation between Fkgygx and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fkgygx and DJI in the same portfolio, assuming nothing else is changed.
Fkgygx |
Moving together with Fkgygx Fund
| 0.9 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.9 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.9 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.9 | VITSX | Vanguard Total Stock | PairCorr |
| 0.9 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.9 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.9 | VFINX | Vanguard 500 Index | PairCorr |
| 0.9 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.9 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.9 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.76 | PFE | Pfizer Inc | PairCorr |
| 0.82 | AA | Alcoa Corp | PairCorr |
| 0.74 | DD | Dupont De Nemours | PairCorr |
| 0.92 | CSCO | Cisco Systems | PairCorr |
| 0.89 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.92 | DIS | Walt Disney | PairCorr |
| 0.76 | CVX | Chevron Corp | PairCorr |
| 0.88 | CAT | Caterpillar | PairCorr |
| 0.84 | BA | Boeing | PairCorr |
| 0.92 | MSFT | Microsoft | PairCorr |
Moving against Fkgygx Fund
| 0.49 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.38 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Fkgygx Fund performing well and Fkgygx 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 Fkgygx'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRNRX | 0.71 | 0.20 | 0.08 | (3.12) | 0.51 | 1.71 | 3.68 | |||
| GMOWX | 1.21 | 0.32 | 0.14 | (25.09) | 1.04 | 2.81 | 7.36 | |||
| ICBAX | 0.93 | 0.26 | 0.11 | (3.16) | 0.81 | 2.15 | 5.13 | |||
| ALTEX | 1.17 | 0.38 | 0.28 | 0.56 | 0.83 | 2.69 | 7.39 | |||
| PSPFX | 0.66 | 0.26 | 0.16 | (2.42) | 0.23 | 1.84 | 3.42 | |||
| IEFCX | 0.91 | 0.21 | 0.07 | (2.38) | 0.84 | 1.99 | 4.29 | |||
| HNRGX | 0.96 | 0.21 | 0.05 | (1.33) | 0.96 | 2.12 | 5.11 |
Fkgygx Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fkgygx fund to make a market-neutral strategy. Peer analysis of Fkgygx could also be used in its relative valuation, which is a method of valuing Fkgygx by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |