Value Equity Correlations

GVEZX Fund

USD 19.41 0.22 1.12%

The current 90-days correlation between Value Equity Investor and Dana Large Cap is -0.03 (i.e., Good diversification). The correlation of Value Equity 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Value Mutual Fund

0.75	FWWMX	American Funds Washington	Pair Corr
0.75	FWMMX	American Funds Washington	Pair Corr
0.74	AWSHX	Washington Mutual	Pair Corr
0.73	WSHCX	Washington Mutual	Pair Corr
0.72	WSHFX	Washington Mutual	Pair Corr
0.78	VVIAX	Vanguard Value Index	Pair Corr
0.73	RWMAX	Washington Mutual	Pair Corr
0.74	CWMAX	Washington Mutual	Pair Corr
0.75	RWMGX	Washington Mutual	Pair Corr
0.73	CWMCX	Washington Mutual	Pair Corr
0.71	GPICX	Guidepath Conservative	Pair Corr
0.75	INTC	Intel Aggressive Push	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.61	AXP	American Express	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr

Moving against Value Mutual Fund

0.83	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.8	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.34	PDI	Pimco Dynamic Income	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.53	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DLCIX	TALCX	RCLIX	DNLVX	WILCX	KCGSX
DLCIX		0.93	0.86	0.9	0.88	0.95	DLCIX
TALCX	0.93		0.81	0.98	0.84	0.84	TALCX
RCLIX	0.86	0.81		0.84	0.73	0.93	RCLIX
DNLVX	0.9	0.98	0.84		0.85	0.83	DNLVX
WILCX	0.88	0.84	0.73	0.85		0.82	WILCX
KCGSX	0.95	0.84	0.93	0.83	0.82		KCGSX
	DLCIX	TALCX	RCLIX	DNLVX	WILCX	KCGSX

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Equity 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 Value Equity'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
DLCIX	0.58	0.05	0.05	0.07	0.81	(0.56)	1.26	(1.18)	3.59
TALCX	0.46	0.02	0.03	0.05	0.58	(0.51)	0.96	(0.94)	3.20
RCLIX	0.47	0.01	0.01	0.03	0.70	(0.47)	1.07	(0.98)	3.19
DNLVX	0.47	0.02	0.02	0.04	0.61	(0.48)	1.02	(0.96)	3.20
WILCX	0.38	0.03	0.05	0.08	0.35	(0.46)	0.74	(0.63)	2.22
KCGSX	0.69	0.06	0.05	0.08	0.93	(0.68)	1.60	(1.46)	3.99

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Value Equity Correlations

Moving together with Value Mutual Fund

Moving against Value Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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