Adirondack Small Correlations

ADKSX Fund

USD 33.67 3.10 8.43%

The current 90-days correlation between Adirondack Small Cap and Nuveen Large Cap is 0.03 (i.e., Significant diversification). The correlation of Adirondack Small 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.

Adirondack Small Correlation With Market

Significant diversification

The correlation between Adirondack Small Cap and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adirondack Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adirondack Small Cap. 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 main economic indicators.

Moving together with Adirondack Mutual Fund

0.68	VSIIX	Vanguard Small Cap	Pair Corr
0.73	VISVX	Vanguard Small Cap	Pair Corr
0.69	DFSVX	Us Small Cap	Pair Corr
0.67	DFFVX	Us Targeted Value	Pair Corr
0.72	VSMCX	Invesco Small Cap	Pair Corr
0.75	FRLPX	Fidelity Freedom Index	Pair Corr
0.64	VSCGX	Vanguard Lifestrategy	Pair Corr
0.68	TCLNX	Tiaa Cref Lifecycle	Pair Corr
0.67	FIPFX	Fidelity Freedom Index	Pair Corr
0.72	GQESX	Gmo Quality Fund	Pair Corr
0.74	AMFEX	Aama Equity Fund	Pair Corr
0.84	PEQSX	Putnam Equity Income	Pair Corr
0.81	SAMKX	Sa Mkt Fd	Pair Corr
0.7	WAIVX	Wasatch International	Pair Corr
0.63	VTMFX	Vanguard Tax Managed	Pair Corr
0.78	ITHAX	Hartford Capital	Pair Corr
0.74	TLHPX	Tiaa Cref Lifecycle	Pair Corr

Related Correlations Analysis

	FLRYX	MECAX	JLGAX	PVFAX	WSCVX	MYIFX	BFONX	FYMRX	LOGSX	TRARX
FLRYX		0.04	0.83	0.44	0.06	0.72	0.33	0.75	0.55	0.8	FLRYX
MECAX	0.04		0.1	0.7	0.3	0.25	-0.21	-0.01	-0.58	0.12	MECAX
JLGAX	0.83	0.1		0.41	0.08	0.67	0.39	0.78	0.26	0.71	JLGAX
PVFAX	0.44	0.7	0.41		0.11	0.48	-0.2	0.37	-0.25	0.56	PVFAX
WSCVX	0.06	0.3	0.08	0.11		0.03	0.47	-0.12	-0.07	-0.06	WSCVX
MYIFX	0.72	0.25	0.67	0.48	0.03		0.39	0.87	0.26	0.87	MYIFX
BFONX	0.33	-0.21	0.39	-0.2	0.47	0.39		0.43	0.44	0.3	BFONX
FYMRX	0.75	-0.01	0.78	0.37	-0.12	0.87	0.43		0.4	0.93	FYMRX
LOGSX	0.55	-0.58	0.26	-0.25	-0.07	0.26	0.44	0.4		0.39	LOGSX
TRARX	0.8	0.12	0.71	0.56	-0.06	0.87	0.3	0.93	0.39		TRARX
	FLRYX	MECAX	JLGAX	PVFAX	WSCVX	MYIFX	BFONX	FYMRX	LOGSX	TRARX

Please upgrade your account to get full access to Macroaxis premium features

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

TRARX	+ 0.93	FYMRX
FYMRX	+ 0.87	MYIFX
TRARX	+ 0.87	MYIFX
JLGAX	+ 0.83	FLRYX
TRARX	+ 0.8	FLRYX
FYMRX	+ 0.78	JLGAX

High negative correlations

LOGSX	- 0.58	MECAX
LOGSX	- 0.25	PVFAX
BFONX	- 0.21	MECAX
BFONX	- 0.2	PVFAX
FYMRX	- 0.12	WSCVX
LOGSX	- 0.07	WSCVX

Risk-Adjusted Indicators

There is a big difference between Adirondack Mutual Fund performing well and Adirondack Small 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 Adirondack Small'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
FLRYX	0.61	(0.03)	(0.03)	0.04	0.94	(0.53)	1.38	(1.37)	3.42
MECAX	0.55	(0.03)	0.00	(0.63)	0.00	0.00	0.92	(1.08)	3.51
JLGAX	0.84	(0.02)	(0.01)	0.05	1.18	(0.85)	1.83	(2.16)	5.50
PVFAX	1.00	0.06	0.01	0.25	1.17	(1.13)	2.04	(1.85)	5.91
WSCVX	1.12	(0.21)	0.00	(0.07)	0.00	0.00	2.20	(2.10)	15.12
MYIFX	0.64	0.04	(0.02)	0.41	0.94	(0.65)	1.46	(1.53)	3.92
BFONX	0.99	(0.05)	0.00	(0.33)	0.00	0.00	1.75	(1.89)	13.27
FYMRX	0.43	0.04	(0.03)	0.56	0.62	(0.43)	0.91	(1.06)	2.75
LOGSX	0.63	0.12	0.12	0.29	0.56	(0.72)	1.56	(1.18)	3.83
TRARX	0.18	0.01	(0.17)	0.24	0.16	(0.21)	0.49	(0.33)	1.15

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC