Adams Diversified Correlations

Mutual Funds . USA . 
Fund . Adams Diversified Equity
XADEX Fund  USD 23.66  0.01  0.04%   
The current 90-days correlation between Adams Diversified Equity and Barings High Yield is 0.59 (i.e., Very weak diversification). The correlation of Adams Diversified 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.

Adams Diversified Correlation With Market

Very poor diversification

The correlation between Adams Diversified Equity and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adams Diversified Equity 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 Adams Diversified Equity. 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 income.

Moving together with Adams Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.95PFN Pimco Income StrategyPairCorr
  0.94CIF Mfs Intermediate HighPairCorr
  0.64NXJ Nuveen New JerseyPairCorr
  0.92PCF Putnam High IncomePairCorr
  0.99TLACX Transamerica Large CorePairCorr
  0.79ANWPX New PerspectivePairCorr
  0.73PWJAX Prudential JennisonPairCorr
  0.77OAKMX Oakmark Fund InvestorPairCorr
  0.79RNGFX New Economy FundPairCorr
  0.71CWGFX Capital World GrowthPairCorr
  0.72RRTIX T Rowe PricePairCorr
  0.79IAGIX Voya Solution ModeratelyPairCorr
  0.97MNHIX Pro Blend MaximumPairCorr
  0.99CGFCX Growth FundPairCorr
  0.68CAF Morgan Stanley ChinaPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RNGHX New Economy FundPairCorr
  0.89INAAX Alpskotak India GrowthPairCorr
  0.88QDSRX Aqr Diversifying StrPairCorr
  0.98LIRAX Blackrock Lfpth IdxPairCorr
  0.78FMXKX Federated Max CapPairCorr
  0.68FEUGX Federated Adjustable RatePairCorr
  0.79PYICX Pioneer High YieldPairCorr
  0.83MWLNX Metropolitan West LowPairCorr
  0.72PXSCX Pax Small CapPairCorr

Moving against Adams Mutual Fund

  0.51XDSMX Dreyfus StrategicPairCorr
  0.59XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Adams Mutual Fund performing well and Adams Diversified 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 Adams Diversified'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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