Vmavx Correlations
| VMAVX Fund | 10.97 0.02 0.18% |
The current 90-days correlation between Vmavx and Investec Emerging Markets is 0.55 (i.e., Very weak diversification). The correlation of Vmavx 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.
Vmavx Correlation With Market
Poor diversification
The correlation between Vmavx and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vmavx and DJI in the same portfolio, assuming nothing else is changed.
Vmavx |
Moving together with Vmavx Mutual Fund
| 1.0 | VTSAX | Vanguard Total Stock | PairCorr |
| 1.0 | VFIAX | Vanguard 500 Index | PairCorr |
| 1.0 | VTSMX | Vanguard Total Stock | PairCorr |
| 1.0 | VITSX | Vanguard Total Stock | PairCorr |
| 1.0 | VSTSX | Vanguard Total Stock | PairCorr |
| 1.0 | VSMPX | Vanguard Total Stock | PairCorr |
| 1.0 | VFINX | Vanguard 500 Index | PairCorr |
| 1.0 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.98 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.98 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.97 | FDEGX | Fidelity Growth Stra | PairCorr |
| 0.89 | ISIAX | Voya Strategic Income | PairCorr |
| 0.99 | CSRYX | Columbia Select Large | PairCorr |
| 0.94 | PSHAX | Short Term Fund | PairCorr |
| 1.0 | DQIYX | Dreyfus Equity Income | PairCorr |
| 0.93 | RIVKX | American Funds Inter | PairCorr |
| 0.96 | FISVX | Fidelity Small Cap | PairCorr |
| 0.97 | SPSDX | Sterling Capital Beh | PairCorr |
| 0.97 | DCEMX | Dunham Emerging Markets | PairCorr |
| 1.0 | RRTAX | T Rowe Price | PairCorr |
| 0.97 | FFFCX | Fidelity Freedom 2010 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Vmavx Mutual Fund performing well and Vmavx 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 Vmavx'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEMIX | 0.50 | 0.15 | 0.01 | 0.69 | 0.00 | 1.05 | 3.78 | |||
| PCEMX | 0.44 | 0.18 | 0.05 | 0.95 | 0.00 | 1.23 | 3.46 | |||
| HCEMX | 0.48 | 0.17 | 0.04 | 0.79 | 0.00 | 1.27 | 3.59 | |||
| IEMSX | 0.51 | 0.21 | 0.07 | 1.64 | 0.00 | 1.39 | 3.24 | |||
| EPEIX | 0.38 | 0.13 | (0.06) | 0.85 | 0.18 | 0.83 | 2.64 | |||
| RBLCX | 0.31 | 0.05 | (0.16) | 0.34 | 0.00 | 0.90 | 2.55 | |||
| QTERX | 0.47 | 0.16 | 0.02 | 0.72 | 0.00 | 1.22 | 3.85 |
Vmavx Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vmavx mutual fund to make a market-neutral strategy. Peer analysis of Vmavx could also be used in its relative valuation, which is a method of valuing Vmavx by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |