Value Fund Correlations

Mutual Funds USA . 
Fund . Value Fund Value
WVAIX Fund  USD 55.17  0.41  0.75%   
The current 90-days correlation between Value Fund Value and Weitz Ultra Short is 0.12 (i.e., Average diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Poor diversification

The correlation between Value Fund Value and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Value Fund Value. 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 gross domestic product.

Moving together with Value Mutual Fund

  0.63WSHNX Short Duration IncomePairCorr
  0.69WBALX Balanced Fund BalancedPairCorr
  0.64WEFIX Short Duration IncomePairCorr
  0.81WNTFX Nebraska Tax FreePairCorr
  0.79WPOIX Partners Iii OpportunityPairCorr
  0.78WPOPX Partners Iii OpportunityPairCorr
  0.76WPVLX Partners ValuePairCorr
  0.76WPVIX Partners ValuePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.78VINIX Vanguard InstitutionalPairCorr
  0.97VIIIX Vanguard InstitutionalPairCorr
  0.72PFN Pimco Income StrategyPairCorr
  0.69CIF Mfs Intermediate HighPairCorr
  0.88PCF Putnam High IncomePairCorr
  0.68BULIX Utilities Fund InvestorPairCorr
  0.65VCSTX Science TechnologyPairCorr
  0.8JSCOX Perkins Small CapPairCorr
  0.69WLGRX Ivy Large CapPairCorr
  0.82RWDYX Redwood Managed VolaPairCorr
  0.76GEACX Gmo TrustPairCorr
  0.7SBMCX Moderate BalancedPairCorr
  0.67TRJZX T Rowe PricePairCorr
  0.71GAPAX Goldman Sachs EquityPairCorr
  0.65SLGCX Large CapitalizationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Value Fund'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.

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