Flaherty Crumrine Correlations

Mutual Funds . USA . 
Fund . Flaherty Crumrine Dynamic
XDFPX Fund  USD 22.40  0.03  0.13%   
The current 90-days correlation between Flaherty Crumrine Dynamic and Vanguard Total Stock is 0.47 (i.e., Very weak diversification). The correlation of Flaherty Crumrine 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.

Flaherty Crumrine Correlation With Market

Very weak diversification

The correlation between Flaherty Crumrine Dynamic and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flaherty Crumrine Dynamic 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 Flaherty Crumrine Dynamic. 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 american community survey.

Moving together with Flaherty Mutual Fund

  0.98VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.73RYMEX Commodities StrategyPairCorr
  0.72RYMJX Commodities StrategyPairCorr
  0.73RYMBX Commodities StrategyPairCorr
  0.89BRUFX Bruce Fund BrucePairCorr
  0.97SPGSX State Street PremierPairCorr
  0.93KF Korea ClosedPairCorr
  0.96MDBAX Blackrock Basic ValuePairCorr
  0.98RLEOX Lazard Emerging MarketsPairCorr
  0.95THVRX Thornburg InternationalPairCorr
  0.95QMGCX Oppenheimer GlobalPairCorr
  0.96JHQCX Jpmorgan Hedged EquityPairCorr
  0.97JSCVX Perkins Small CapPairCorr
  0.98BHYRX Blackrock High YieldPairCorr
  0.91DMFZX Destinations MunicipalPairCorr
  0.97JSIMX Jpmorgan UnconstrainedPairCorr
  0.97GTENX Gateway Fund ClassPairCorr
  0.87WMKMX Wesmark West VirginiaPairCorr
  0.95MAUKX Pioneer Multi AssetPairCorr
  0.97LTEBX Limited Term TaxPairCorr
  0.97GEMMX Gmo Emerging MarketsPairCorr
  0.96JHQAX Jpmorgan Hedged EquityPairCorr
  0.95NEZYX Loomis Sayles StrategicPairCorr
  0.99WMKTX Wesmark Tactical OppPairCorr
  0.97AGDAX Ab High IncomePairCorr
  0.91FRPDX Fidelity Sai AlternativePairCorr
  0.98FCEEX Franklin Fund AllocatorPairCorr
  0.81BBNIX Bbh Income FundPairCorr
  0.98RWIAX Capital World GrowthPairCorr
  0.97FSKKX K2 Alternative StrategiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Flaherty Mutual Fund performing well and Flaherty Crumrine 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 Flaherty Crumrine'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.66  0.12  0.11  0.27  0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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