Frontier Mfg Correlations

Mutual Funds . USA . 
Fund . Frontier Mfg Global
FMSRX Fund  USD 16.70  0.06  0.36%   
The current 90-days correlation between Frontier Mfg Global and Frontier Mfg E is 0.08 (i.e., Significant 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 Global and DJI is -0.03 (i.e., Good 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 metropolitan statistical area.

Moving together with Frontier Mutual Fund

  1.0FMSGX Frontier Mfg GlobalPairCorr
  0.71FNFPX American Funds NewPairCorr
  0.78FFPNX American Funds NewPairCorr
  0.71NPFCX New PerspectivePairCorr
  0.63ANWPX New PerspectivePairCorr
  0.71NPFFX New PerspectivePairCorr
  0.78CNPAX New PerspectivePairCorr
  0.78CNPEX New PerspectivePairCorr
  0.71CNPFX New PerspectivePairCorr
  0.63CNPCX New PerspectivePairCorr
  0.71RNPAX New PerspectivePairCorr
  0.61FTYPX Fidelity Freedom IndexPairCorr
  0.7FFBTX Fidelity Freedom BlendPairCorr
  0.62GAAVX Gmo Alternative AlloPairCorr
  0.73GQLOX Gmo Quality FundPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.97GMSMX Guidemark Smallmid CapPairCorr
  0.85LIFAX Lord Abbett InflationPairCorr
  0.86HLPPX Rems Real EstatePairCorr
  0.74HILAX Hartford InternationalPairCorr
  0.72BPRIX Blackrock InflationPairCorr
  0.77IRGMX Voya Retirement ModeratePairCorr
  0.97CRLSX Calamos LongshortPairCorr
  0.75GUIRX Goldman Sachs DynamicPairCorr
  0.980P0000V6X4 Vanguard Target RetirePairCorr
  0.75ISWAX Voya Solution IncomePairCorr
  0.72ANBIX Ab Bond InflationPairCorr
  0.96FEIPX Fa529 Eq InPairCorr
  0.77IDXNX Voya Index SolutionPairCorr
  0.73AAIPX American Beacon IntePairCorr
  0.63ETNBX Eventide Limited TermPairCorr
  0.77VNGAX 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  0.54  0.08 (0.08)(0.46) 0.66 
(0.59)
 1.00 
(0.97)
 3.47 
FMGIX  0.53  0.04 (0.10) 0.63  0.68 
(0.54)
 0.94 
(0.92)
 3.41 
FMSRX  0.52  0.18  0.07 (9.30) 0.34 
(0.61)
 1.42 
(1.03)
 3.05 
FMSGX  0.51  0.18  0.07 (7.01) 0.34 
(0.62)
 1.42 
(1.03)
 3.05 
LUBIX  0.26  0.05 (0.24)(1.43) 0.16 
(0.30)
 0.63 
(0.49)
 1.39 
AFDRX  0.69  0.23  0.10 (2.74) 0.61 
(0.82)
 1.90 
(1.42)
 5.21 
GLEAX  0.73  0.12 (0.04)(0.54) 0.77 
(0.76)
 1.57 
(1.45)
 4.42 
CLREX  0.38  0.16  0.18  0.48  0.00 
(0.47)
 1.45 
(0.44)
 3.25 
FERGX  0.53  0.26  0.20  16.98  0.00 
(0.68)
 1.39 
(1.14)
 3.90 
CCWCX  0.28  0.00 (0.36) 0.25  0.30 
(0.31)
 0.56 
(0.49)
 1.63 

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