Frontier Mfg Correlations

FMGIX Fund

USD 16.18 0.17 1.04%

The current 90-days correlation between Frontier Mfg E and Frontier Mfg E is 0.14 (i.e., Average diversification). The correlation of Frontier Mfg 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.

Frontier Mfg Correlation With Market

Good diversification

The correlation between Frontier Mfg E and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Mfg E 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 Frontier Mfg E. 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 Frontier Mutual Fund

0.79	FMSRX	Frontier Mfg Global	Pair Corr
0.78	FMSGX	Frontier Mfg Global	Pair Corr
0.86	GLIFX	Lazard Global Listed	Pair Corr
0.86	GLFOX	Lazard Global Listed	Pair Corr
0.83	VCRIX	Voya Cbre Global	Pair Corr
0.66	RPNIX	Riverpark/next Century	Pair Corr
0.73	CAFCX	Amcap Fund Class	Pair Corr
0.75	RAMTX	American Funds 2055	Pair Corr
0.85	TIERX	Tiaa Cref International	Pair Corr
0.77	PSDUX	Pimco Short Duration	Pair Corr
0.67	AHMFX	American High Income	Pair Corr
0.73	PPUMX	Largecap Growth	Pair Corr

Related Correlations Analysis

	FCIVX	AIAFX	ARYCX	GLIFX	GURAX
FCIVX		0.83	0.55	0.47	0.44	FCIVX
AIAFX	0.83		0.56	0.62	0.64	AIAFX
ARYCX	0.55	0.56		0.37	0.58	ARYCX
GLIFX	0.47	0.62	0.37		0.54	GLIFX
GURAX	0.44	0.64	0.58	0.54		GURAX
	FCIVX	AIAFX	ARYCX	GLIFX	GURAX

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Risk-Adjusted Indicators

There is a big difference between Frontier Mutual Fund performing well and Frontier Mfg 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 Frontier Mfg'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
FCIVX	0.54	0.08	(0.08)	(0.46)	0.66	(0.59)	1.00	(0.97)	3.47
AIAFX	0.47	0.14	(0.01)	(1.01)	0.41	(0.52)	0.95	(0.85)	2.58
ARYCX	0.57	0.10	(0.07)	(0.36)	0.72	(0.64)	1.43	(1.23)	4.50
GLIFX	0.45	0.11	0.01	0.60	0.33	(0.50)	1.02	(0.84)	3.09
GURAX	0.56	0.03	(0.04)	0.19	0.76	(0.60)	1.34	(1.19)	4.39

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Frontier Mfg Correlations

Frontier Mfg Correlation With Market

Good diversification

Moving together with Frontier Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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