Stock Index Correlations

VSTIX Fund

USD 66.54 1.01 1.54%

The current 90-days correlation between Stock Index Fund and Guidemark Large Cap is 0.73 (i.e., Poor diversification). The correlation of Stock Index 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.

Stock Index Correlation With Market

Poor diversification

The correlation between Stock Index Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stock Index Fund 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 Stock Index Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Stock Mutual Fund

0.99	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.89	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	RSNRX	Victory Global Natural	Pair Corr
0.71	RSNYX	Victory Global Natural	Pair Corr
0.7	RGNCX	Victory Global Natural	Pair Corr
0.84	GPICX	Guidepath Conservative	Pair Corr
0.74	AXP	American Express	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.83	IBM	International Business	Pair Corr
0.81	INTC	Intel Aggressive Push	Pair Corr

Moving against Stock Mutual Fund

0.47	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.46	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.46	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.46	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.46	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.45	BA	Boeing	Pair Corr
0.4	HD	Home Depot	Pair Corr

Related Correlations Analysis

	GMLVX	WILCX	RCLIX	FCLKX	CMIFX	LMUSX
GMLVX		0.89	0.83	0.89	0.76	0.94	GMLVX
WILCX	0.89		0.73	0.77	0.72	0.86	WILCX
RCLIX	0.83	0.73		0.86	0.43	0.94	RCLIX
FCLKX	0.89	0.77	0.86		0.49	0.87	FCLKX
CMIFX	0.76	0.72	0.43	0.49		0.63	CMIFX
LMUSX	0.94	0.86	0.94	0.87	0.63		LMUSX
	GMLVX	WILCX	RCLIX	FCLKX	CMIFX	LMUSX

Risk-Adjusted Indicators

There is a big difference between Stock Mutual Fund performing well and Stock Index 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 Stock Index'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
GMLVX	0.67	0.05	0.05	0.10	0.82	(0.73)	1.35	(1.05)	4.38
WILCX	0.38	0.03	0.05	0.08	0.35	(0.46)	0.74	(0.63)	2.22
RCLIX	0.47	0.01	0.01	0.03	0.70	(0.47)	1.07	(0.98)	3.19
FCLKX	0.55	0.03	0.03	0.05	0.86	(0.50)	1.14	(1.34)	3.46
CMIFX	0.05	0.01	(0.10)	1.25	0.00	(0.10)	0.10	(0.10)	0.21
LMUSX	0.56	0.05	0.05	0.07	0.78	(0.51)	1.25	(1.38)	3.59

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