Cb Large Correlations

CBLSX Fund

USD 11.41 0.21 1.88%

The current 90-days correlation between Cb Large Cap and SCOR PK is -0.07 (i.e., Good diversification). The correlation of Cb 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.

Cb Large Correlation With Market

Very poor diversification

The correlation between Cb Large Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cb 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 Cb 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 manufacturing.

Moving together with CBLSX Mutual Fund

0.79	DHICX	Wells Fargo Advantage	Pair Corr
0.78	VMPYX	Wells Fargo Advantage	Pair Corr
0.78	VMPAX	Wells Fargo Advantage	Pair Corr
0.85	SADAX	Wells Fargo Ultra	Pair Corr
0.86	SADIX	Wells Fargo Ultra	Pair Corr
0.94	EMGYX	Wells Fargo Emerging	Pair Corr
0.94	EMGNX	Wells Fargo Emerging	Pair Corr
0.94	EMGCX	Wells Fargo Emerging	Pair Corr
0.94	EMGAX	Wells Fargo Emerging	Pair Corr
0.87	SSHIX	Wells Fargo Short	Pair Corr
0.69	WABIX	Wells Fargo Advantage	Pair Corr
0.89	SSTHX	Wells Fargo Short	Pair Corr
0.88	SSTVX	Wells Fargo Short	Pair Corr
0.96	WSCGX	Small Pany Growth	Pair Corr
0.95	WSCOX	Wells Fargo Advantage	Pair Corr
0.86	WSBIX	Short Term Municipal	Pair Corr
0.68	WARAX	Wells Fargo Advantage	Pair Corr
0.68	WARDX	Wells Fargo Advantage	Pair Corr
0.64	WARCX	Wells Fargo Advantage	Pair Corr
0.89	STAFX	Wells Fargo Large	Pair Corr
0.81	WSGIX	Wells Fargo Short	Pair Corr
0.89	STDFX	Wells Fargo Large	Pair Corr
0.89	WSIAX	Wells Fargo Strategic	Pair Corr
0.89	WSIDX	Wells Fargo Strategic	Pair Corr
0.89	WSICX	Wells Fargo Strategic	Pair Corr
0.89	WSINX	Wells Fargo Strategic	Pair Corr
0.86	WSMAX	Short Term Municipal	Pair Corr
0.96	WSMCX	Small Pany Growth	Pair Corr
0.87	WSSCX	Short Term Municipal	Pair Corr
0.86	WSTMX	Short Term Municipal	Pair Corr
0.89	STOFX	Wells Fargo Large	Pair Corr
0.89	STNFX	Wells Fargo Large	Pair Corr
0.84	STSAX	Wells Fargo Mon	Pair Corr
0.78	STRIX	Wells Fargo Advantage	Pair Corr
0.84	STYAX	Wells Fargo Income	Pair Corr
0.89	STYIX	Wells Fargo Short	Pair Corr
0.85	SCNSX	Wells Fargo Mon	Pair Corr
0.85	SCSDX	Wells Fargo Mon	Pair Corr

Related Correlations Analysis

	SCRYY	ABHYX	MSTSX	ID	KNF	AMPL	SITKF	RWAYL	FPCG	KMX
SCRYY		-0.48	0.46	0.25	-0.3	0.21	0.49	0.32	0.0	-0.22	SCRYY
ABHYX	-0.48		-0.13	-0.53	-0.03	-0.09	-0.29	-0.23	0.0	0.37	ABHYX
MSTSX	0.46	-0.13		-0.16	-0.41	-0.02	0.78	0.81	0.0	-0.38	MSTSX
ID	0.25	-0.53	-0.16		0.4	0.31	-0.02	-0.05	0.0	-0.22	ID
KNF	-0.3	-0.03	-0.41	0.4		0.06	-0.2	-0.1	0.0	-0.19	KNF
AMPL	0.21	-0.09	-0.02	0.31	0.06		-0.05	-0.04	0.0	0.15	AMPL
SITKF	0.49	-0.29	0.78	-0.02	-0.2	-0.05		0.85	0.0	-0.79	SITKF
RWAYL	0.32	-0.23	0.81	-0.05	-0.1	-0.04	0.85		0.0	-0.72	RWAYL
FPCG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FPCG
KMX	-0.22	0.37	-0.38	-0.22	-0.19	0.15	-0.79	-0.72	0.0		KMX
	SCRYY	ABHYX	MSTSX	ID	KNF	AMPL	SITKF	RWAYL	FPCG	KMX

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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

RWAYL	+ 0.85	SITKF
RWAYL	+ 0.81	MSTSX
SITKF	+ 0.78	MSTSX
SITKF	+ 0.49	SCRYY
MSTSX	+ 0.46	SCRYY
KNF	+ 0.4	ID

High negative correlations

KMX	- 0.79	SITKF
KMX	- 0.72	RWAYL
ID	- 0.53	ABHYX
ABHYX	- 0.48	SCRYY
KNF	- 0.41	MSTSX
KMX	- 0.38	MSTSX

Risk-Adjusted Indicators

There is a big difference between CBLSX Mutual Fund performing well and Cb 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 Cb 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCRYY	1.97	0.12	0.01	1.24	2.37	(2.24)	4.29	(4.12)	13.04
ABHYX	0.16	(0.02)	0.00	(0.60)	0.00	0.00	0.36	(0.36)	1.07
MSTSX	0.50	0.03	0.01	0.13	0.52	(0.56)	1.23	(1.03)	2.93
ID	3.49	0.04	0.00	0.07	0.00	0.00	6.67	(11.11)	26.05
KNF	1.82	(0.28)	0.00	(0.06)	0.00	0.00	4.54	(4.13)	9.34
AMPL	4.48	0.42	0.05	(0.63)	4.57	(6.54)	9.17	(9.37)	42.50
SITKF	3.31	0.88	0.21	2.86	2.63	(5.29)	8.70	(5.71)	23.76
RWAYL	0.12	0.03	(0.40)	1.46	0.00	(0.16)	0.28	(0.24)	0.57
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.69	(0.28)	0.00	(0.10)	0.00	0.00	3.46	(3.40)	10.75

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