Cref Money Correlations

QCMMIX Fund  USD 30.52  0.01  0.03%   
The current 90-days correlation between Cref Money Market and Aqr Sustainable Long Short is 0.14 (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

Good diversification

The correlation between Cref Money Market and DJI is -0.08 (i.e., Good 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 population.

Moving together with Cref Fund

  0.95VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.69NHS Neuberger Berman HighPairCorr
  0.89PFE Pfizer IncPairCorr
  0.68XOM Exxon Mobil CorpPairCorr
  0.84AA Alcoa CorpPairCorr
  0.86DD Dupont De NemoursPairCorr
  0.95CSCO Cisco SystemsPairCorr
  0.94IBM International Business Earnings Call This WeekPairCorr
  0.91DIS Walt DisneyPairCorr
  0.9CVX Chevron CorpPairCorr
  0.97CAT CaterpillarPairCorr
  0.87BA BoeingPairCorr
  0.94MSFT MicrosoftPairCorr

Moving against Cref Fund

  0.54KO Coca Cola Earnings Call TomorrowPairCorr
  0.5VZ Verizon Communications Earnings Call TodayPairCorr

Related Correlations Analysis

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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.