Fzwxkx Correlations

Funds . USA . 
Fund . Fzwxkx
FZWXKX Fund   9.89  0.02  0.20%   
The current 90-days correlation between Fzwxkx and Vanguard Total Stock is 0.7 (i.e., Poor diversification). The correlation of Fzwxkx 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.

Fzwxkx Correlation With Market

Poor diversification

The correlation between Fzwxkx and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fzwxkx 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 Fzwxkx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Fzwxkx Fund

  0.95VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.89PFE Pfizer IncPairCorr
  0.68XOM Exxon Mobil CorpPairCorr
  0.91AA Alcoa CorpPairCorr
  0.96DD Dupont De NemoursPairCorr
  0.91CSCO Cisco SystemsPairCorr
  0.86IBM International Business Earnings Call This WeekPairCorr
  0.88DIS Walt DisneyPairCorr
  0.86CVX Chevron CorpPairCorr
  0.96CAT CaterpillarPairCorr
  0.91BA BoeingPairCorr
  0.91MSFT MicrosoftPairCorr

Moving against Fzwxkx Fund

  0.53KO Coca Cola Earnings Call TomorrowPairCorr
  0.39VZ Verizon Communications Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fzwxkx Fund performing well and Fzwxkx 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 Fzwxkx'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 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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