Furyax Correlations

FURYAX Fund

10.37 0.02 0.19%

The current 90-days correlation between Furyax and Balanced Fund Retail is -0.12 (i.e., Good diversification). The correlation of Furyax 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.

Furyax Correlation With Market

Almost no diversification

The correlation between Furyax and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Furyax 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 Furyax. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Furyax Fund

0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.74	NHS	Neuberger Berman High	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.93	DD	Dupont De Nemours	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.89	IBM	International Business Earnings Call This Week	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.95	BA	Boeing	Pair Corr
0.96	MSFT	Microsoft	Pair Corr

Moving against Furyax Fund

0.55	KO	Coca Cola Earnings Call This Week	Pair Corr
0.31	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FLDFX	IAADX	FLKYPX	PMEGX	FABWX	FFCGX	FKHEMX
FLDFX		0.96	0.98	0.97	0.99	0.98	0.98	FLDFX
IAADX	0.96		0.96	0.93	0.96	0.96	0.94	IAADX
FLKYPX	0.98	0.96		0.98	0.99	0.99	0.98	FLKYPX
PMEGX	0.97	0.93	0.98		0.98	0.99	0.99	PMEGX
FABWX	0.99	0.96	0.99	0.98		1.0	0.99	FABWX
FFCGX	0.98	0.96	0.99	0.99	1.0		0.99	FFCGX
FKHEMX	0.98	0.94	0.98	0.99	0.99	0.99		FKHEMX
	FLDFX	IAADX	FLKYPX	PMEGX	FABWX	FFCGX	FKHEMX

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Risk-Adjusted Indicators

There is a big difference between Furyax Fund performing well and Furyax 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 Furyax'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
FLDFX	0.40	0.14	0.01	(3.18)	0.22	(0.48)	1.27	(0.79)	2.84
IAADX	0.18	0.10	(0.18)	(2.64)	0.00	(0.25)	0.34	(0.22)	1.49
FLKYPX	0.74	0.17	0.17	0.31	0.53	(0.89)	2.09	(0.96)	5.27
PMEGX	0.69	0.08	0.07	0.22	0.70	(0.73)	1.90	(1.45)	5.97
FABWX	0.61	0.17	0.17	0.33	0.36	(0.75)	1.90	(1.22)	4.13
FFCGX	0.50	0.15	0.14	0.35	0.17	(0.60)	1.65	(1.17)	3.47
FKHEMX	0.69	0.09	0.09	0.23	0.52	(0.79)	1.71	(1.39)	4.58

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