Vanguard Utilities Correlations

The current 90-days correlation between Vanguard Utilities Index and Towpath Technology is 0.06 (i.e., Significant diversification). The correlation of Vanguard Utilities 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 Utilities Correlation With Market

Modest diversification

The correlation between Vanguard Utilities Index and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Utilities Index and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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

0.67	VMNVX	Vanguard Global Minimum	Pair Corr
0.71	VMMSX	Vanguard Emerging Markets	Pair Corr
0.64	VMVLX	Vanguard Mega Cap	Pair Corr
0.65	VPCCX	Vanguard Primecap	Pair Corr
0.64	VPMCX	Vanguard Primecap	Pair Corr
0.64	VPMAX	Vanguard Primecap	Pair Corr
0.62	VSCGX	Vanguard Lifestrategy	Pair Corr
0.72	VSCSX	Vanguard Short Term	Pair Corr
0.61	VSMGX	Vanguard Lifestrategy	Pair Corr
0.69	VSMPX	Vanguard Total Stock	Pair Corr

Moving against Vanguard Mutual Fund

0.38

VMIAX

Vanguard Materials Index

Pair Corr

Related Correlations Analysis

	TOWTX	RAGTX	USTCX	PTTEX	MTCCX	FIKHX	FRBRX
TOWTX		0.53	0.57	0.48	0.74	-0.06	0.09	TOWTX
RAGTX	0.53		0.98	0.97	0.84	0.44	0.43	RAGTX
USTCX	0.57	0.98		0.94	0.82	0.38	0.35	USTCX
PTTEX	0.48	0.97	0.94		0.79	0.46	0.42	PTTEX
MTCCX	0.74	0.84	0.82	0.79		0.39	0.57	MTCCX
FIKHX	-0.06	0.44	0.38	0.46	0.39		0.85	FIKHX
FRBRX	0.09	0.43	0.35	0.42	0.57	0.85		FRBRX
	TOWTX	RAGTX	USTCX	PTTEX	MTCCX	FIKHX	FRBRX

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

USTCX	+ 0.98	RAGTX
PTTEX	+ 0.97	RAGTX
PTTEX	+ 0.94	USTCX
FRBRX	+ 0.85	FIKHX
MTCCX	+ 0.84	RAGTX
MTCCX	+ 0.82	USTCX

High negative correlations

FIKHX

- 0.06

TOWTX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Utilities 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 Utilities' 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
TOWTX	0.70	0.08	0.01	(1.89)	0.88	(0.71)	1.59	(1.33)	4.32
RAGTX	1.06	0.08	0.05	0.13	1.47	(1.02)	2.23	(2.90)	6.27
USTCX	0.91	0.04	0.03	0.10	1.32	(0.88)	2.03	(2.38)	5.62
PTTEX	0.97	0.07	0.04	0.12	1.41	(0.97)	1.93	(2.27)	6.21
MTCCX	0.93	0.15	0.07	1.37	1.22	(0.97)	1.88	(2.58)	5.71
FIKHX	0.98	0.26	0.17	0.27	1.00	(1.21)	2.47	(2.07)	11.68
FRBRX	0.98	0.48	0.38	11.38	0.52	(1.18)	2.32	(1.58)	5.16

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