Quantified Evolution Correlations
| QEVOX Fund | USD 5.83 0.05 0.87% |
The current 90-days correlation between Quantified Evolution Plus and Pnc Emerging Markets is 0.1 (i.e., Average diversification). The correlation of Quantified Evolution 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.
Quantified Evolution Correlation With Market
Good diversification
The correlation between Quantified Evolution Plus and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Evolution Plus and DJI in the same portfolio, assuming nothing else is changed.
Quantified |
Related Correlations Analysis
| 0.98 | 0.96 | 0.98 | 0.98 | 0.98 | PIEFX | ||
| 0.98 | 0.96 | 1.0 | 0.98 | 1.0 | BOGSX | ||
| 0.96 | 0.96 | 0.96 | 0.97 | 0.95 | AMTOX | ||
| 0.98 | 1.0 | 0.96 | 0.98 | 1.0 | URNQX | ||
| 0.98 | 0.98 | 0.97 | 0.98 | 0.98 | VHGEX | ||
| 0.98 | 1.0 | 0.95 | 1.0 | 0.98 | LANIX | ||
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Risk-Adjusted Indicators
There is a big difference between Quantified Mutual Fund performing well and Quantified Evolution 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 Quantified Evolution'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PIEFX | 0.66 | 0.26 | 0.11 | (13.35) | 0.21 | 2.36 | 4.18 | |||
| BOGSX | 0.84 | 0.32 | 0.12 | (2.43) | 0.60 | 2.32 | 5.78 | |||
| AMTOX | 0.37 | 0.10 | (0.06) | 0.52 | 0.00 | 1.19 | 2.18 | |||
| URNQX | 0.79 | 0.33 | 0.13 | (4.01) | 0.60 | 2.39 | 5.37 | |||
| VHGEX | 0.60 | 0.17 | 0.17 | 0.38 | 0.17 | 1.97 | 5.07 | |||
| LANIX | 0.53 | 0.21 | 0.03 | (2.29) | 0.43 | 1.63 | 4.08 |