Green Century Correlations
GCBLX Fund | USD 35.79 0.19 0.53% |
The current 90-days correlation between Green Century Balanced and Fidelity Advisor Diversified is 0.88 (i.e., Very poor diversification). The correlation of Green Century 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.
Green Century Correlation With Market
Almost no diversification
The correlation between Green Century Balanced and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Century Balanced and DJI in the same portfolio, assuming nothing else is changed.
GREEN |
Moving together with GREEN Mutual Fund
0.99 | GCEQX | Green Century Equity | PairCorr |
0.99 | GCEUX | Green Century Equity | PairCorr |
0.95 | GCIFX | Green Century Msci | PairCorr |
0.95 | GCINX | Green Century Msci | PairCorr |
1.0 | GCBUX | Green Century Balanced | PairCorr |
0.98 | FBONX | American Funds American | PairCorr |
0.98 | FBAFX | American Funds American | PairCorr |
0.99 | ABALX | American Balanced | PairCorr |
0.98 | BALCX | American Balanced | PairCorr |
0.98 | BALFX | American Balanced | PairCorr |
0.98 | RLBCX | American Balanced | PairCorr |
0.98 | RLBBX | American Balanced | PairCorr |
0.98 | CLBAX | American Balanced | PairCorr |
0.98 | CLBEX | American Balanced | PairCorr |
0.98 | RLBFX | American Balanced | PairCorr |
1.0 | FTYPX | Fidelity Freedom Index | PairCorr |
1.0 | FFBTX | Fidelity Freedom Blend | PairCorr |
0.96 | GCAVX | Gmo Small Cap | PairCorr |
0.99 | GQLOX | Gmo Quality Fund | PairCorr |
0.98 | GHVIX | Gmo High Yield | PairCorr |
0.99 | GMCQX | Gmo Equity Allocation | PairCorr |
0.97 | THIDX | Toews Tactical Oceana | PairCorr |
1.0 | MMRAX | Mainstay Moderate | PairCorr |
0.99 | VCSTX | Science Technology | PairCorr |
0.99 | SMVFX | Ridgeworth Ceredex Mid | PairCorr |
0.91 | NECZX | Loomis Sayles Strategic | PairCorr |
0.96 | MPITX | Bny Mellon International | PairCorr |
0.99 | IWGNX | Ivy Wilshire Global | PairCorr |
0.95 | AEDNX | Arbitrage Event | PairCorr |
0.99 | JHLGX | Multimanager Lifestyle | PairCorr |
0.95 | FACNX | Fidelity Canada | PairCorr |
0.92 | MFHIX | Mesirow Financial High | PairCorr |
1.0 | GAPAX | Goldman Sachs Equity | PairCorr |
0.99 | MCCVX | Mainstay Convertible | PairCorr |
1.0 | IWGIX | Ivy Wilshire Global | PairCorr |
1.0 | CSXAX | Calvert Large Cap | PairCorr |
Moving against GREEN Mutual Fund
Related Correlations Analysis
0.88 | 0.94 | 0.98 | 0.99 | 0.94 | 0.88 | FZABX | ||
0.88 | 0.96 | 0.9 | 0.9 | 0.93 | 0.97 | PDINX | ||
0.94 | 0.96 | 0.96 | 0.96 | 0.98 | 0.98 | CAARX | ||
0.98 | 0.9 | 0.96 | 0.99 | 0.98 | 0.91 | ACV | ||
0.99 | 0.9 | 0.96 | 0.99 | 0.96 | 0.91 | HIIDX | ||
0.94 | 0.93 | 0.98 | 0.98 | 0.96 | 0.95 | EKBDX | ||
0.88 | 0.97 | 0.98 | 0.91 | 0.91 | 0.95 | PGBAX | ||
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Risk-Adjusted Indicators
There is a big difference between GREEN Mutual Fund performing well and Green Century 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 Green Century'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FZABX | 0.85 | 0.10 | 0.05 | 0.22 | 1.43 | 1.48 | 9.56 | |||
PDINX | 0.17 | 0.03 | (0.22) | 2.61 | 0.00 | 0.40 | 1.23 | |||
CAARX | 0.38 | 0.02 | (0.06) | 0.17 | 0.54 | 0.90 | 3.59 | |||
ACV | 1.01 | 0.15 | 0.06 | 0.26 | 1.73 | 1.85 | 10.78 | |||
HIIDX | 0.76 | 0.12 | 0.05 | 0.27 | 1.33 | 1.38 | 7.55 | |||
EKBDX | 1.01 | 0.12 | 0.05 | 0.22 | 1.78 | 2.15 | 13.08 | |||
PGBAX | 0.17 | 0.01 | (0.23) | 0.34 | 0.22 | 0.34 | 1.20 |