Intrepid Capital Correlations

Mutual Funds USA . 
Fund . Intrepid Capital Fund
ICMBX Fund  USD 13.24  0.01  0.08%   
The current 90-days correlation between Intrepid Capital and James Balanced Golden is -0.22 (i.e., Very good diversification). The correlation of Intrepid Capital 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.

Intrepid Capital Correlation With Market

Very poor diversification

The correlation between Intrepid Capital Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid Capital Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intrepid Capital Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Intrepid Mutual Fund

  1.0ICMVX Intrepid CapitalPairCorr
  0.98ICMUX Intrepid IncomePairCorr
  0.98FBONX American Funds AmericanPairCorr
  0.98FBAFX American Funds AmericanPairCorr
  0.97ABALX American BalancedPairCorr
  0.97BALCX American BalancedPairCorr
  0.98BALFX American BalancedPairCorr
  0.98RLBCX American BalancedPairCorr
  0.98RLBBX American BalancedPairCorr
  0.98CLBAX American BalancedPairCorr
  0.98CLBEX American BalancedPairCorr
  0.98RLBFX American BalancedPairCorr
  0.91FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.69MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.99NBGPX Columbia Capital AllPairCorr
  0.89GLIFX Lazard Global ListedPairCorr
  0.95EEICX Eaton Vance EmergingPairCorr
  0.97PLTJX Principal Lifetime 2030PairCorr
  0.93RMBMX Rmb Smid CapPairCorr
  0.98IGIVX Integrity Growth IncomePairCorr
  0.99PTCMX Principal Lifetime 2030PairCorr
  0.71DBLFX Doubleline E FixedPairCorr
  0.99ECTGX Eaton Vance TaxPairCorr
  0.97BWLAX American Beacon BridgewayPairCorr
  0.66IGBZX Voya Global BondPairCorr
  0.96COSSX Columbia Overseas ValuePairCorr
  0.98HSLFX Hartford SmallPairCorr
  0.92FIMYX Federated IntermediatePairCorr
  0.86LAGVX Lord Abbett IncomePairCorr
  0.99FFEIX Nuveen Dividend ValuePairCorr
  0.96MSJIX Morgan Stanley GlobalPairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr

Moving against Intrepid Mutual Fund

  0.87GPSCX Victory Rs SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Intrepid Mutual Fund performing well and Intrepid Capital 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 Intrepid Capital'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.

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