Matson Money Correlations

FMVFX Fund  USD 24.38  0.02  0.08%   
The current 90-days correlation between Matson Money Fixed and Vanguard Total Stock is 0.14 (i.e., Average diversification). The correlation of Matson Money 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.

Matson Money Correlation With Market

Modest diversification

The correlation between Matson Money Fixed 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 Matson Money Fixed 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 Matson Money Fixed. 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 census.

Moving together with Matson Mutual Fund

  0.88VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.88VSTSX Vanguard Total StockPairCorr
  0.88VSMPX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.89VGTSX Vanguard Total InterPairCorr
  0.89VTIAX Vanguard Total InterPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.9PFE Pfizer IncPairCorr
  0.66XOM Exxon Mobil CorpPairCorr
  0.75AA Alcoa CorpPairCorr
  0.78DD Dupont De NemoursPairCorr
  0.89CSCO Cisco SystemsPairCorr
  0.88IBM International Business Earnings Call This WeekPairCorr
  0.82DIS Walt DisneyPairCorr
  0.84CVX Chevron CorpPairCorr
  0.89CAT CaterpillarPairCorr
  0.77BA BoeingPairCorr
  0.86MSFT MicrosoftPairCorr

Moving against Matson Mutual Fund

  0.49VZ Verizon Communications Earnings Call TodayPairCorr
  0.46KO Coca Cola Earnings Call TomorrowPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Matson Mutual Fund performing well and Matson Money 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 Matson Money'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
VTSAX  0.66  0.12  0.11  0.27  0.54 
 2.07 
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
 2.02 
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
 2.08 
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
 2.07 
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
 2.08 
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
 2.08 
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
 2.02 
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
 2.02 
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
 1.31 
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
 1.35 
 3.10