Greenspring Fund Correlations
GRSPX Fund | USD 26.59 0.02 0.08% |
The current 90-days correlation between Greenspring Fund Retail and Berwyn Income Fund is 0.3 (i.e., Weak diversification). The correlation of Greenspring 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.
Greenspring Fund Correlation With Market
Very poor diversification
The correlation between Greenspring Fund Retail and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenspring Fund Retail and DJI in the same portfolio, assuming nothing else is changed.
Greenspring |
Moving together with Greenspring Mutual Fund
0.95 | GRIOX | Greenspring Income | PairCorr |
0.99 | VIMAX | Vanguard Mid Cap | PairCorr |
0.99 | VIMSX | Vanguard Mid Cap | PairCorr |
0.99 | VMCPX | Vanguard Mid Cap | PairCorr |
0.99 | VMCIX | Vanguard Mid Cap | PairCorr |
0.99 | VEXAX | Vanguard Extended Market | PairCorr |
0.99 | VEMPX | Vanguard Extended Market | PairCorr |
0.99 | VIEIX | Vanguard Extended Market | PairCorr |
0.97 | VSEMX | Vanguard Extended Market | PairCorr |
0.99 | VEXMX | Vanguard Extended Market | PairCorr |
0.99 | FSMAX | Fidelity Extended Market | PairCorr |
0.95 | ERH | Allspring Utilities And | PairCorr |
0.93 | WHIYX | Ivy High Income | PairCorr |
0.93 | IVHIX | Ivy High Income | PairCorr |
0.93 | IHIFX | Ivy High Income | PairCorr |
0.93 | WRHIX | Ivy High Income | PairCorr |
0.93 | WHIAX | Ivy High Income | PairCorr |
0.86 | CSJZX | Cohen Steers Realty | PairCorr |
0.86 | CSRSX | Cohen Steers Realty | PairCorr |
0.98 | SDYAX | Simt Dynamic Asset | PairCorr |
0.98 | GWPCX | American Funds Growth | PairCorr |
0.94 | IOBAX | Icon Bond Fund | PairCorr |
0.98 | ASISX | Invesco Asia Pacific | PairCorr |
0.99 | TICSX | Touchstone Small Pany | PairCorr |
0.96 | IEYAX | Ivy Energy Fund | PairCorr |
0.98 | JGECX | Jhancock Global Equity | PairCorr |
0.93 | RYEUX | Europe 125x Strategy | PairCorr |
0.97 | FSRFX | Transportation Portfolio Potential Growth | PairCorr |
0.96 | NWKEX | Nationwide Highmark Small | PairCorr |
0.99 | RSVAX | Victory Rs Value | PairCorr |
0.97 | EMRIX | Emerging Markets | PairCorr |
0.96 | LTINX | Principal Lifetime 2015 | PairCorr |
0.96 | VEIPX | Vanguard Equity Income | PairCorr |
0.87 | GBOAX | Jpmorgan Global Bond | PairCorr |
0.88 | VGRLX | Vanguard Global Ex | PairCorr |
0.95 | CETAX | Centerstone Investors | PairCorr |
0.98 | FSDIX | Fidelity Strategic | PairCorr |
0.96 | AKRSX | Akre Focus Fund | PairCorr |
0.98 | JRLVX | Retirement Living Through | PairCorr |
Related Correlations Analysis
0.96 | 0.96 | 0.98 | 0.96 | BERIX | ||
0.96 | 0.98 | 0.98 | 0.99 | FPACX | ||
0.96 | 0.98 | 0.96 | 0.98 | GLRBX | ||
0.98 | 0.98 | 0.96 | 0.97 | PRPFX | ||
0.96 | 0.99 | 0.98 | 0.97 | LCORX | ||
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Risk-Adjusted Indicators
There is a big difference between Greenspring Mutual Fund performing well and Greenspring 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 Greenspring 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BERIX | 0.16 | 0.04 | (0.37) | 0.93 | 0.00 | 0.38 | 1.05 | |||
FPACX | 0.39 | 0.11 | 0.08 | 0.36 | 0.00 | 1.18 | 2.78 | |||
GLRBX | 0.30 | 0.05 | (0.06) | 0.26 | 0.04 | 1.00 | 2.11 | |||
PRPFX | 0.32 | 0.11 | (0.02) | 1.17 | 0.00 | 1.02 | 2.17 | |||
LCORX | 0.31 | 0.08 | (0.03) | 0.37 | 0.00 | 0.83 | 1.88 |