Cref Money Correlations

QCMMIX Fund

USD 31.00 0.01 0.03%

The current 90-days correlation between Cref Money Market and Blackrock Science Technology is 0.19 (i.e., Average diversification). The correlation of Cref Money 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 Money Correlation With Market

Significant diversification

The correlation between Cref Money Market and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Money Market 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 Money Market. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Cref Fund

0.64	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.64	VITSX	Vanguard Total Stock	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.64	VSMPX	Vanguard Total Stock	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.68	VBTLX	Vanguard Total Bond	Pair Corr
0.9	GBMIX	Gmo Benchmark Free	Pair Corr
0.61	JYEBX	Jhancock Real Estate	Pair Corr
0.81	NEAMX	Neiman Large Cap	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.75	XOM	Exxon Mobil Corp	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.86	KO	Coca Cola	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.9	JNJ	Johnson Johnson	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr

Moving against Cref Fund

0.66	MSGUX	Growth Portfolio Class	Pair Corr
0.66	MSCMX	Morgan Stanley Multi	Pair Corr
0.65	MGHRX	Morgan Stanley Insti	Pair Corr
0.65	MBIRX	Morgan Stanley Insight	Pair Corr
0.65	MGRPX	Growth Portfolio Class	Pair Corr
0.65	MCRTX	Morgan Stanley Multi	Pair Corr
0.93	HD	Home Depot	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.82	T	ATT Inc	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.52	CVX	Chevron Corp	Pair Corr
0.44	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	BSTSX	NWHOX	TOWTX	GISTX	BIPIX	MTCCX	TEFQX	FIKHX
BSTSX		0.95	0.65	0.13	0.19	0.85	0.68	0.1	BSTSX
NWHOX	0.95		0.65	-0.05	-0.06	0.69	0.82	-0.12	NWHOX
TOWTX	0.65	0.65		0.53	0.22	0.7	0.41	0.15	TOWTX
GISTX	0.13	-0.05	0.53		0.68	0.47	-0.36	0.56	GISTX
BIPIX	0.19	-0.06	0.22	0.68		0.62	-0.54	0.92	BIPIX
MTCCX	0.85	0.69	0.7	0.47	0.62		0.23	0.54	MTCCX
TEFQX	0.68	0.82	0.41	-0.36	-0.54	0.23		-0.58	TEFQX
FIKHX	0.1	-0.12	0.15	0.56	0.92	0.54	-0.58		FIKHX
	BSTSX	NWHOX	TOWTX	GISTX	BIPIX	MTCCX	TEFQX	FIKHX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NWHOX	+ 0.95	BSTSX
FIKHX	+ 0.92	BIPIX
MTCCX	+ 0.85	BSTSX
TEFQX	+ 0.82	NWHOX
MTCCX	+ 0.7	TOWTX
MTCCX	+ 0.69	NWHOX

High negative correlations

FIKHX	- 0.58	TEFQX
TEFQX	- 0.54	BIPIX
TEFQX	- 0.36	GISTX
FIKHX	- 0.12	NWHOX
BIPIX	- 0.06	NWHOX
GISTX	- 0.05	NWHOX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSTSX	1.09	0.04	0.03	0.10	1.55	(1.05)	2.62	(2.81)	6.88
NWHOX	0.99	(0.01)	0.00	0.06	1.47	(0.92)	1.99	(2.52)	6.16
TOWTX	0.70	0.01	0.01	0.08	0.88	(0.69)	1.59	(1.33)	4.32
GISTX	1.48	0.43	0.36	0.23	0.93	(1.81)	2.44	(2.49)	35.52
BIPIX	1.73	0.51	0.27	0.38	1.45	(1.91)	4.41	(2.78)	9.32
MTCCX	0.92	0.06	0.05	0.12	1.24	(0.95)	1.88	(2.58)	5.71
TEFQX	1.47	(0.14)	0.00	(0.01)	0.00	0.00	2.50	(4.32)	8.44
FIKHX	0.95	0.23	0.15	0.26	0.99	(1.25)	2.47	(2.07)	11.68

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