Cref Equity Correlations

Funds . USA . 
Fund . Cref Equity Index
QCEQIX Fund  USD 560.08  4.34  0.78%   
The current 90-days correlation between Cref Equity Index and Ab Select Equity is 0.99 (i.e., No risk reduction). The correlation of Cref 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.

Cref Equity Correlation With Market

Almost no diversification

The correlation between Cref Equity Index and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Equity Index 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 Cref Equity Index. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Cref Fund

  0.99VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.68NHS Neuberger Berman HighPairCorr
  0.97CSCO Cisco SystemsPairCorr
  0.98CAT CaterpillarPairCorr
  0.83CVX Chevron CorpPairCorr
  0.98BAC Bank of America Aggressive PushPairCorr
  0.9MMM 3M Company Sell-off TrendPairCorr
  0.98MSFT Microsoft Earnings Call This WeekPairCorr
  0.89DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.79INTC Intel Earnings Call TodayPairCorr
  0.94BA Boeing Earnings Call This WeekPairCorr
  0.92IBM International BusinessPairCorr

Moving against Cref Fund

  0.68MCD McDonaldsPairCorr
  0.6KO Coca ColaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Equity 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 Cref 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.

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