Cb Large Correlations

CBLSX Fund

USD 10.49 0.01 0.1%

The current 90-days correlation between Cb Large Cap and Nuveen New York is 0.06 (i.e., Significant 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 weak diversification

The correlation between Cb Large Cap and DJI is 0.46 (i.e., Very weak 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 real.

Moving together with CBLSX Mutual Fund

0.8	AWSHX	Washington Mutual	Pair Corr
0.81	WSHCX	Washington Mutual	Pair Corr
0.8	WSHFX	Washington Mutual	Pair Corr
0.8	FWWMX	American Funds Washington	Pair Corr
0.8	FWMMX	American Funds Washington	Pair Corr
0.74	DODGX	Dodge Stock Fund	Pair Corr
0.81	AMRMX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.81	AMFFX	American Mutual	Pair Corr
0.64	FLYCX	Nuveen Large Cap	Pair Corr

Related Correlations Analysis

	NNY	WMKSX	TRRTX	SPVZX	KF	PVIVX	PGUAX
NNY		-0.06	0.67	0.53	0.79	-0.28	0.08	NNY
WMKSX	-0.06		0.19	0.04	0.01	0.39	0.64	WMKSX
TRRTX	0.67	0.19		0.83	0.72	0.29	0.15	TRRTX
SPVZX	0.53	0.04	0.83		0.43	0.27	-0.07	SPVZX
KF	0.79	0.01	0.72	0.43		-0.27	0.07	KF
PVIVX	-0.28	0.39	0.29	0.27	-0.27		0.14	PVIVX
PGUAX	0.08	0.64	0.15	-0.07	0.07	0.14		PGUAX
	NNY	WMKSX	TRRTX	SPVZX	KF	PVIVX	PGUAX

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

SPVZX	+ 0.83	TRRTX
KF	+ 0.79	NNY
KF	+ 0.72	TRRTX
TRRTX	+ 0.67	NNY
PGUAX	+ 0.64	WMKSX
SPVZX	+ 0.53	NNY

High negative correlations

PVIVX	- 0.28	NNY
PVIVX	- 0.27	KF
PGUAX	- 0.07	SPVZX
WMKSX	- 0.06	NNY

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
NNY	0.48	0.06	0.02	0.53	0.48	(0.54)	0.96	(0.96)	3.39
WMKSX	1.26	(0.36)	0.00	(0.16)	0.00	0.00	2.11	(2.17)	22.22
TRRTX	0.20	(0.01)	(0.15)	0.03	0.20	(0.24)	0.49	(0.40)	1.23
SPVZX	0.60	(0.02)	(0.02)	0.04	0.80	(0.57)	1.26	(1.24)	3.66
KF	1.34	0.18	0.11	0.27	1.38	(1.49)	3.32	(2.83)	7.56
PVIVX	1.19	(0.17)	0.00	(0.05)	0.00	0.00	2.33	(3.35)	8.67
PGUAX	0.55	(0.09)	0.00	(0.19)	0.00	0.00	0.89	(0.92)	8.13

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