Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Institutional
FOIPX Fund  USD 9.19  0.02  0.22%   
The current 90-days correlation between Income Fund Institutional and Tributary Smallmid Cap is 0.14 (i.e., Average diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Modest diversification

The correlation between Income Fund Institutional and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Institutional 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 Income Fund Institutional. 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 american community survey.

Moving together with Income Mutual Fund

  0.66FOBAX Balanced Fund InstitPairCorr
  0.66FOBPX Balanced Fund InstitPairCorr
  1.0FOINX Income Fund InstitutionalPairCorr
  0.78FONPX Tributary Nebraska TaxPairCorr
  0.89FOSIX Short Intermediate BondPairCorr
  0.88FOSPX Short Intermediate BondPairCorr
  0.9VBTLX Vanguard Total BondPairCorr
  1.0VBMFX Vanguard Total BondPairCorr
  1.0VBTIX Vanguard Total BondPairCorr
  1.0VTBSX Vanguard Total BondPairCorr
  1.0VTBIX Vanguard Total BondPairCorr
  1.0VTBNX Vanguard Total BondPairCorr
  1.0FBOFX American FundsPairCorr
  1.0FFBOX American FundsPairCorr
  1.0BFAFX Bond FundPairCorr
  1.0ABNDX Bond FundPairCorr
  0.71GAAKX Gmo Alternative AlloPairCorr
  0.7GAAGX Gmo Alternative AlloPairCorr
  0.99GPBFX Gmo E PlusPairCorr
  0.67RRTBX Trowe Price RetirementPairCorr
  0.66HCMBX Hcm Dynamic IncomePairCorr
  0.63RYTAX Technology Fund ClassPairCorr
  0.65VGSNX Vanguard Reit IndexPairCorr
  0.75PRFSX T Rowe PricePairCorr
  0.63SEPCX Energy Basic MaterialsPairCorr
  0.67MKECX Blackrock FundsPairCorr
  0.69MYSIX Victory TrivalentPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.8FYTKX Fidelity Freedom IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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
FSMBX  0.87  0.01  0.01  0.14  0.86 
(1.00)
 1.88 
(1.52)
 6.36 
FSMCX  0.88  0.01  0.01  0.14  0.90 
(0.97)
 1.81 
(1.58)
 6.36 
FOBAX  0.37  0.06  0.00  0.25  0.29 
(0.42)
 1.06 
(0.79)
 2.96 
FOBPX  0.37  0.06  0.00  0.26  0.26 
(0.42)
 1.08 
(0.81)
 2.96 
FOIPX  0.25  0.01 (0.34) 0.21  0.23 
(0.29)
 0.55 
(0.55)
 1.11 
FOINX  0.26  0.00 (0.35) 0.18  0.26 
(0.29)
 0.44 
(0.55)
 1.21 
FONPX  0.11  0.02 (0.61) 0.83  0.00 
(0.16)
 0.23 
(0.22)
 0.68 
FOSIX  0.09  0.01 (0.84) 1.03  0.00 
(0.15)
 0.22 
(0.11)
 0.67 
FOSCX  0.98  0.05  0.05  0.18  0.95 
(1.08)
 1.95 
(1.87)
 6.52 
FOSBX  0.97  0.05  0.05  0.18  0.95 
(1.05)
 1.97 
(1.89)
 6.58 

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