Intrepid Capital Correlations

Mutual Funds . USA . 
Fund . Intrepid Capital Fund
ICMVX Fund  USD 13.31  0.07  0.53%   
The current 90-days correlation between Intrepid Capital and Lord Abbett Inflation is 0.08 (i.e., Significant 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 0.82 (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 real.

Moving together with Intrepid Mutual Fund

  0.98ICMUX Intrepid IncomePairCorr
  1.0ICMBX Intrepid CapitalPairCorr
  0.71FBONX American Funds AmericanPairCorr
  0.71FBAFX American Funds AmericanPairCorr
  0.71ABALX American BalancedPairCorr
  0.72BALCX American BalancedPairCorr
  0.71BALFX American BalancedPairCorr
  0.72RLBCX American BalancedPairCorr
  0.71RLBBX American BalancedPairCorr
  0.71CLBAX American BalancedPairCorr
  0.71CLBEX American BalancedPairCorr
  0.71RLBFX American BalancedPairCorr
  0.62FSMMX Fs Multi StrategyPairCorr
  0.74BTMPX Ishares Msci EafePairCorr
  0.74BTMKX Blackrock InternationalPairCorr
  0.74MDIIX Blackrock Intern IndexPairCorr
  0.99NBGPX Columbia Capital AllPairCorr
  0.89GLIFX Lazard Global ListedPairCorr
  0.95EEICX Eaton Vance EmergingPairCorr
  0.99PLTJX Principal Lifetime 2030PairCorr
  0.95RMBMX Rmb Smid CapPairCorr
  0.98IGIVX Integrity Growth IncomePairCorr
  0.72DBLFX Doubleline E FixedPairCorr
  0.64ECTGX Eaton Vance TaxPairCorr
  0.99BWLAX American Beacon BridgewayPairCorr
  0.66IGBZX Voya Global BondPairCorr
  0.96COSSX Columbia Overseas ValuePairCorr
  0.98HSLFX Hartford SmallPairCorr
  0.92FIMYX Federated IntermediatePairCorr
  0.85LAGVX Lord Abbett IncomePairCorr
  0.99FFEIX Nuveen Dividend ValuePairCorr
  0.96MSJIX Morgan Stanley GlobalPairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.98WBEIX William Blair EmergingPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY