Forum Funds Correlations

Mutual Funds . USA . 
Fund . Forum Funds
FLXIX Fund  USD 10.74  0.03  0.28%   
The current 90-days correlation between Forum Funds and Gmo Equity Allocation is -0.05 (i.e., Good diversification). The correlation of Forum Funds 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.

Forum Funds Correlation With Market

Poor diversification

The correlation between Forum Funds and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forum Funds 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 Forum Funds . 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 gross domestic product.

Moving together with Forum Mutual Fund

  0.99FCSZX Franklin VertiblePairCorr
  0.99FCSKX Franklin VertiblePairCorr
  0.98FISCX Franklin ConvertiblePairCorr
  0.97FROTX Franklin ConvertiblePairCorr
  0.99ANZCX Allianzgi ConvertiblePairCorr
  0.98ANZAX Allianzgi ConvertiblePairCorr
  0.99ANNPX Allianzgi ConvertiblePairCorr
  0.98VAADX Virtus ConvertiblePairCorr
  0.99FCVSX Fidelity VertiblePairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.95GGDPX Goldman Sachs InternPairCorr
  0.98BTEKX Blackrock TechnologyPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.98TIHWX Tiaa-cref High-yieldPairCorr
  0.97JHQDX Jpmorgan Hedged EquityPairCorr
  0.89BARIX Baron Asset FundPairCorr
  0.95HRLTX Hartford GlobalPairCorr
  0.98LIGFX Lord Abbett DiversifiedPairCorr
  0.98FRBSX Franklin Balance SheetPairCorr
  0.98BLUIX Blueprint Adaptive GrowthPairCorr
  0.98REQSX Us E EquityPairCorr
  0.91VQSRX Virtus Kar SmallPairCorr
  0.95NSVAX Columbia Small CapPairCorr
  0.84NGJCX Nuveen Global RealPairCorr
  0.96CLTCX Catalyst/lyons TacticalPairCorr
  0.88JCRIX Alps/corecommodityPairCorr
  0.97SPINX Siit Sp 500PairCorr
  0.75GLEPX Goldman Sachs MlpPairCorr
  0.83HISIX International EquityPairCorr
  0.74BRIXX Blackrock Funds IiiPairCorr
  0.97JHAPX John Hancock FundsPairCorr
  0.9CRIYX Columbia Porate IncomePairCorr
  0.96SJVAX Steward FundsPairCorr
  0.97CMARX Invesco ServativePairCorr
  0.96CLFFX Clifford Capital PartnersPairCorr
  0.97DGAGX Dreyfus AppreciationPairCorr

Moving against Forum Mutual Fund

  0.38MCSVX Mainstay VertiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Forum Mutual Fund performing well and Forum Funds 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 Forum Funds' 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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