Frontier Mfg Correlations

Mutual Funds . USA . 
Fund . Frontier Mfg Global
FMSGX Fund  USD 16.70  0.06  0.36%   
The current 90-days correlation between Frontier Mfg Global and Frontier Mfg E is 0.21 (i.e., Modest 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

Very poor diversification

The correlation between Frontier Mfg Global and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Mfg Global 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 Global. 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 price.

Moving together with Frontier Mutual Fund

  0.79FCIVX Frontier Mfg EPairCorr
  0.79FMGIX Frontier Mfg EPairCorr
  1.0FMSRX Frontier Mfg GlobalPairCorr
  0.99FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99ANWPX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.99CNPAX New PerspectivePairCorr
  0.99CNPEX New PerspectivePairCorr
  0.99CNPFX New PerspectivePairCorr
  0.99CNPCX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99FTYPX Fidelity Freedom IndexPairCorr
  0.99FFBTX Fidelity Freedom BlendPairCorr
  0.76GAAVX Gmo Alternative AlloPairCorr
  0.94GCAVX Gmo Small CapPairCorr
  0.99GQLOX Gmo Quality FundPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.97GMSMX Guidemark Smallmid CapPairCorr
  0.85LIFAX Lord Abbett InflationPairCorr
  0.89HLPPX Rems Real EstatePairCorr
  0.81OWCIX Old Westbury CreditPairCorr
  0.98HILAX Hartford InternationalPairCorr
  0.74BPRIX Blackrock InflationPairCorr
  0.8IRGMX Voya Retirement ModeratePairCorr
  0.98CRLSX Calamos LongshortPairCorr
  0.79GUIRX Goldman Sachs DynamicPairCorr
  0.990P0000V6X4 Vanguard Target RetirePairCorr
  0.98ISWAX Voya Solution IncomePairCorr
  0.71ANBIX Ab Bond InflationPairCorr
  0.96FEIPX Fa529 Eq InPairCorr
  0.99IDXNX Voya Index SolutionPairCorr
  0.99AAIPX American Beacon IntePairCorr
  0.67PCLAX Pimco CommoditiesplusPairCorr
  0.9ETNBX Eventide Limited TermPairCorr
  0.98VNGAX Vontobel Global EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FCIVX  0.55  0.08 (0.05) 1.23  0.64 
(0.60)
 1.00 
(0.97)
 3.48 
FMGIX  0.54  0.08 (0.05) 1.23  0.63 
(0.55)
 1.03 
(0.92)
 3.41 
FMSRX  0.52  0.09  0.06  0.28  0.35 
(0.61)
 1.42 
(1.03)
 3.05 
FMSGX  0.51  0.09  0.06  0.28  0.35 
(0.62)
 1.42 
(1.03)
 3.05 
LUBIX  0.25  0.03 (0.27) 0.36  0.19 
(0.29)
 0.62 
(0.49)
 1.25 
AFDRX  0.69  0.09  0.09  0.22  0.62 
(0.83)
 1.90 
(1.42)
 5.21 
GLEAX  0.78  0.04 (0.04) 0.22  0.96 
(0.77)
 1.57 
(1.47)
 4.62 
CLREX  0.41  0.09  0.05  0.28  0.29 
(0.46)
 1.45 
(0.93)
 3.25 
FERGX  0.52  0.20  0.17  0.66  0.00 
(0.66)
 1.39 
(1.14)
 3.90 
CCWCX  0.28  0.02 (0.33)(0.48) 0.26 
(0.33)
 0.56 
(0.50)
 1.63 

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