Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund I
AVLIX Fund  USD 8.14  0.01  0.12%   
The current 90-days correlation between Value Fund I and Morningstar Defensive Bond is 0.08 (i.e., Significant 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

Very poor diversification

The correlation between Value Fund I and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund I 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 Value Fund I. 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

  0.94AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.67CDBCX Diversified BondPairCorr
  0.96AMKIX Emerging MarketsPairCorr
  0.64TWACX Short Term GovernmentPairCorr
  0.96TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.94TWCAX Select Fund APairCorr
  0.94TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.61AMVGX Mid Cap ValuePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.97TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.88TWIEX International GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.85TWTCX Intermediate Term TaxPairCorr
  0.87TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.98TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  0.94TWSIX Select Fund IPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.94TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.74TWUOX Short Term GovernmentPairCorr
  0.68TWWOX Intermediate Term TaxPairCorr
  0.96NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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