Clearwater Small Correlations

QWVOX Fund

USD 19.54 0.22 1.14%

The current 90-days correlation between Clearwater Small Panies and Dreyfus Natural Resources is -0.01 (i.e., Good diversification). The correlation of Clearwater Small 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.

Clearwater Small Correlation With Market

Poor diversification

The correlation between Clearwater Small Panies and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearwater Small Panies 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 Clearwater Small Panies. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Clearwater Mutual Fund

0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.7	VSTSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.69	IBM	International Business Earnings Call This Week	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Moving against Clearwater Mutual Fund

0.44

Coca Cola Earnings Call This Week

Pair Corr

Related Correlations Analysis

	DNLAX	FRNRX	BACCX	VENAX	PDX	ALTEX	TREIX	GRHAX
DNLAX		0.98	0.93	0.92	0.94	0.96	0.93	0.95	DNLAX
FRNRX	0.98		0.96	0.93	0.96	0.95	0.95	0.96	FRNRX
BACCX	0.93	0.96		0.98	0.92	0.89	0.88	0.92	BACCX
VENAX	0.92	0.93	0.98		0.87	0.88	0.83	0.88	VENAX
PDX	0.94	0.96	0.92	0.87		0.93	0.97	0.97	PDX
ALTEX	0.96	0.95	0.89	0.88	0.93		0.94	0.95	ALTEX
TREIX	0.93	0.95	0.88	0.83	0.97	0.94		0.97	TREIX
GRHAX	0.95	0.96	0.92	0.88	0.97	0.95	0.97		GRHAX
	DNLAX	FRNRX	BACCX	VENAX	PDX	ALTEX	TREIX	GRHAX

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Risk-Adjusted Indicators

There is a big difference between Clearwater Mutual Fund performing well and Clearwater Small 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 Clearwater Small'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
DNLAX	0.92	0.30	0.17	(3.28)	0.65	(1.16)	2.34	(1.31)	4.94
FRNRX	0.71	0.20	0.08	(3.12)	0.51	(0.88)	1.71	(1.08)	3.68
BACCX	0.84	0.12	0.01	0.79	0.83	(0.95)	1.65	(1.56)	4.39
VENAX	1.03	0.10	0.02	0.40	1.07	(1.13)	2.33	(1.87)	5.17
PDX	0.84	0.28	0.18	1.55	0.57	(0.98)	2.60	(1.35)	4.69
ALTEX	1.17	0.38	0.28	0.56	0.83	(1.52)	2.69	(1.86)	7.39
TREIX	0.07	0.00	(0.84)	0.00	0.00	(0.13)	0.20	(0.10)	0.51
GRHAX	0.94	0.40	0.29	(4.51)	0.40	(1.17)	2.28	(1.42)	5.23

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