Congress Large Correlations

Mutual Funds USA . 
Fund . Congress Large Cap
CAMLX Fund  USD 51.56  0.45  0.87%   
The current 90-days correlation between Congress Large Cap and Congress Mid Cap is 0.81 (i.e., Very poor diversification). The correlation of Congress Large 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.

Congress Large Correlation With Market

Poor diversification

The correlation between Congress Large Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large 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 Congress Large 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 inflation.

Moving together with Congress Mutual Fund

  1.0CMLIX Congress Large CapPairCorr
  0.77CSMCX Century Small CapPairCorr
  0.77CSMVX Century Small CapPairCorr
  0.93FAFGX American FundsPairCorr
  0.93FFAFX American FundsPairCorr
  0.93GFACX Growth FundPairCorr
  0.86GFAFX Growth FundPairCorr
  0.86AGTHX Growth FundPairCorr
  0.93CGFFX Growth FundPairCorr
  0.93CGFCX Growth FundPairCorr
  0.86CGFAX Growth FundPairCorr
  0.86CGFEX Growth FundPairCorr
  0.93RGAEX Growth FundPairCorr
  0.62FGPMX Franklin Gold AndPairCorr
  0.61FRGOX Franklin Gold PreciousPairCorr
  0.93SSDLX State Street TargetPairCorr
  0.97SPFFX Manager Directed PorPairCorr
  0.89PRASX T Rowe PricePairCorr
  0.82CNEIX Alger Concentrated EquityPairCorr
  0.92PALLX Allianzgi Global AllPairCorr
  0.82TSHFX Transamerica AssetPairCorr
  0.69QGLCX Gold BullionPairCorr
  0.94TRRJX T Rowe PricePairCorr
  0.66CFRAX Catalyst/princetonPairCorr
  0.72LMVFX Clearbridge Value TrustPairCorr
  0.7GRHAX Goehring RozencwajgPairCorr
  0.83SEDAX Siit Emerging MarketsPairCorr
  0.95NBIAX Columbia Capital AllPairCorr
  0.85FSDIX Fidelity StrategicPairCorr
  0.88NFEAX Columbia Large CapPairCorr
  0.79MCDVX Blackrock Equity DividendPairCorr
  0.82FCTRX Nuveen Necticut MunicipalPairCorr
  0.85NCZ Allianzgi ConvertiblePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Congress Mutual Fund performing well and Congress Large 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 Congress Large'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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