Vanguard Information Correlations

VITAX Fund

USD 351.06 0.06 0.02%

The current 90-days correlation between Vanguard Information and Vanguard Health Care is 0.42 (i.e., Very weak diversification). The correlation of Vanguard Information 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.

Vanguard Information Correlation With Market

Poor diversification

The correlation between Vanguard Information Technolog and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Information Technolog and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Information Technology. 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 nation.

Moving together with Vanguard Mutual Fund

0.69	VVPR	VivoPower International Tech Boost	Pair Corr
0.96	DBD	Diebold Nixdorf,	Pair Corr
0.69	GENVR	Gen Digital Contingent	Pair Corr
0.63	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.78	BULLW	Webull Warrants Trending	Pair Corr
0.72	MIND	Mind Technology	Pair Corr
0.93	HPE-PC	Hewlett Packard Ente	Pair Corr
0.9	CORZZ	Core Scientific, Tranche	Pair Corr
0.74	RZLVW	Rezolve AI Limited	Pair Corr
0.82	SATX	SatixFy Communications	Pair Corr
0.91	STRF	MicroStrategy Incorporated	Pair Corr
0.97	VMIAX	Vanguard Materials Index	Pair Corr
0.96	VMLUX	Vanguard Limited Term	Pair Corr
0.96	VMLTX	Vanguard Limited Term	Pair Corr

Moving against Vanguard Mutual Fund

0.87	VSTE	Vast Renewables	Pair Corr
0.85	HPAIW	Helport AI Limited	Pair Corr
0.82	VISL	Vislink Technologies	Pair Corr
0.65	APCXW	AppTech Payments Corp	Pair Corr
0.56	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.38	DVLT	Datavault AI Symbol Change	Pair Corr
0.9	SMTK	SmartKem, Common Stock	Pair Corr
0.86	NOVA	Sunnova Energy Inter	Pair Corr
0.72	APCX	Apptech Corp	Pair Corr
0.52	ODYS	Odysightai Common Stock	Pair Corr
0.44	AXIL	AXIL Brands, Trending	Pair Corr
0.41	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	VHCIX	VFAIX	VCDAX	VUIAX	VINAX
VHCIX		0.03	-0.09	0.03	-0.02	VHCIX
VFAIX	0.03		0.97	0.92	0.98	VFAIX
VCDAX	-0.09	0.97		0.9	0.97	VCDAX
VUIAX	0.03	0.92	0.9		0.92	VUIAX
VINAX	-0.02	0.98	0.97	0.92		VINAX
	VHCIX	VFAIX	VCDAX	VUIAX	VINAX

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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

VINAX	+ 0.98	VFAIX
VCDAX	+ 0.97	VFAIX
VINAX	+ 0.97	VCDAX
VUIAX	+ 0.92	VFAIX
VINAX	+ 0.92	VUIAX
VUIAX	+ 0.9	VCDAX

High negative correlations

VCDAX	- 0.09	VHCIX
VINAX	- 0.02	VHCIX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Information 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 Vanguard Information'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
VHCIX	0.88	(0.17)	0.00	(0.05)	0.00	0.00	1.45	(2.43)	5.33
VFAIX	0.75	0.07	0.07	0.20	0.74	(0.79)	1.92	(1.77)	5.62
VCDAX	1.02	0.10	0.10	0.22	0.98	(1.11)	2.31	(2.13)	7.55
VUIAX	0.69	0.05	(0.01)	0.24	0.92	(0.67)	1.44	(1.43)	4.58
VINAX	0.72	0.16	0.18	0.31	0.44	(0.88)	1.97	(1.02)	5.06

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