Poplar Forest Correlations

Mutual Funds . USA . 
Fund . Poplar Forest Partners
PFPFX Fund  USD 53.11  0.05  0.09%   
The current 90-days correlation between Poplar Forest Partners and Poplar Forest Partners is 1.0 (i.e., No risk reduction). The correlation of Poplar Forest 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.

Poplar Forest Correlation With Market

Very poor diversification

The correlation between Poplar Forest Partners and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poplar Forest Partners and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Poplar Forest Partners. 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 census.

Moving together with Poplar Mutual Fund

  0.98IPFCX Poplar Forest NerstonePairCorr
  1.0IPFPX Poplar Forest PartnersPairCorr
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  0.95JVMAX John Hancock DisciplinedPairCorr
  0.98JVMIX John Hancock DisciplinedPairCorr
  0.98VMVIX Vanguard Mid CapPairCorr
  0.96JMVZX Jpmorgan Mid CapPairCorr
  0.97JMVRX Jpmorgan Mid CapPairCorr
  0.97JMVQX Jpmorgan Mid CapPairCorr
  0.97JMVYX Jpmorgan Mid CapPairCorr
  0.96JMVPX Jpmorgan Mid CapPairCorr
  0.92VETAX Victory Sycamore EstPairCorr
  0.97DXQLX Direxion Monthly NasdaqPairCorr
  0.95RYVLX Nasdaq 100 2xPairCorr
  0.97RYVYX Nasdaq 100 2xPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.97RYCCX Nasdaq 100 2xPairCorr
  0.97UOPSX Ultranasdaq 100 ProfundPairCorr
  0.95INPIX Internet UltrasectorPairCorr
  0.94INPSX Internet UltrasectorPairCorr
  0.78BIPIX Biotechnology UltrasectorPairCorr
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  0.98GWPCX American Funds GrowthPairCorr
  0.9MGQAX Global Quality PortfolioPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.97HCMBX Hcm Dynamic IncomePairCorr
  0.95SAGCX Clearbridge AggressivePairCorr
  0.69TBIPX Tiaa Cref BondPairCorr
  0.92RSVAX Victory Rs ValuePairCorr
  0.98HBADX Hartford ModeratePairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.97GTENX Gateway Fund ClassPairCorr
  0.97CHW Calamos Global DynamicPairCorr
  0.93EPIBX Europac InternationalPairCorr
  0.93PGDRX Diversified Real AssetPairCorr
  0.98HCMQX Hcm Dividend SectorPairCorr
  0.96ISNHX Voya Solution 2030PairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.97LTINX Principal Lifetime 2015PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Poplar Mutual Fund performing well and Poplar Forest 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 Poplar Forest'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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