Fundamental Indexplus Correlations

PXTIX Fund

USD 21.64 0.45 2.12%

The current 90-days correlation between Fundamental Indexplus and Eip Growth And is 0.49 (i.e., Very weak diversification). The correlation of Fundamental Indexplus 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.

Fundamental Indexplus Correlation With Market

Poor diversification

The correlation between Fundamental Indexplus Tr and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Indexplus Tr 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 Fundamental Indexplus Tr. 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 Fundamental Mutual Fund

0.84	FWWMX	American Funds Washington	Pair Corr
0.84	FWMMX	American Funds Washington	Pair Corr
0.83	AWSHX	Washington Mutual	Pair Corr
0.81	WSHCX	Washington Mutual	Pair Corr
0.84	WSHFX	Washington Mutual	Pair Corr
0.84	VVIAX	Vanguard Value Index	Pair Corr
0.81	RWMAX	Washington Mutual	Pair Corr
0.83	CWMAX	Washington Mutual	Pair Corr
0.84	RWMGX	Washington Mutual	Pair Corr
0.81	CWMCX	Washington Mutual	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.86	GPICX	Guidepath Conservative	Pair Corr
0.79	INTC	Intel Aggressive Push	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.75	AXP	American Express	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr

Moving against Fundamental Mutual Fund

0.93	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.93	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.49	PDI	Pimco Dynamic Income	Pair Corr
0.72	T	ATT Inc	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.37	DIS	Walt Disney	Pair Corr
0.31	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	EIPFX	AUERX	VWAHX	ABVCX	HDCAX	URNQX	LMUSX	FHTFX
EIPFX		0.72	0.59	0.63	0.56	0.47	0.52	0.59	EIPFX
AUERX	0.72		0.75	0.76	0.66	0.66	0.77	0.75	AUERX
VWAHX	0.59	0.75		0.87	0.92	0.84	0.85	1.0	VWAHX
ABVCX	0.63	0.76	0.87		0.91	0.86	0.9	0.86	ABVCX
HDCAX	0.56	0.66	0.92	0.91		0.93	0.89	0.91	HDCAX
URNQX	0.47	0.66	0.84	0.86	0.93		0.96	0.82	URNQX
LMUSX	0.52	0.77	0.85	0.9	0.89	0.96		0.85	LMUSX
FHTFX	0.59	0.75	1.0	0.86	0.91	0.82	0.85		FHTFX
	EIPFX	AUERX	VWAHX	ABVCX	HDCAX	URNQX	LMUSX	FHTFX

Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Indexplus 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 Fundamental Indexplus' 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
EIPFX	0.43	0.02	0.02	0.09	0.52	(0.42)	0.91	(0.75)	2.26
AUERX	0.80	0.08	0.08	0.10	0.95	(0.89)	1.72	(1.72)	4.33
VWAHX	0.14	0.07	0.35	2.72	0.00	(0.24)	0.48	(0.19)	0.97
ABVCX	0.51	0.06	0.06	11.37	0.59	(0.57)	1.23	(1.12)	3.51
HDCAX	0.48	0.08	0.09	(2.44)	0.53	(0.52)	1.01	(0.99)	2.95
URNQX	0.79	0.06	0.05	0.07	1.15	(0.76)	1.82	(2.05)	4.69
LMUSX	0.55	0.05	0.05	0.07	0.77	(0.51)	1.25	(1.38)	3.59
FHTFX	0.14	0.07	0.27	2.02	0.00	(0.24)	0.39	(0.13)	1.16

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