Catholic Values Correlations

CFVYX Fund

USD 8.74 0.02 0.23%

The current 90-days correlation between Catholic Values Fixed and Angel Oak Financial is 0.16 (i.e., Average diversification). The correlation of Catholic Values 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.

Catholic Values Correlation With Market

Very weak diversification

The correlation between Catholic Values Fixed and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Values Fixed 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 Catholic Values Fixed. 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 producer price index.

Moving together with Catholic Mutual Fund

0.97	SCFYX	Simt E Fixed	Pair Corr
0.98	CFVAX	Catholic Values Fixed	Pair Corr
0.95	SCOAX	Siit E Fixed	Pair Corr
0.98	SCXIX	Sei Insti Mgd	Pair Corr

Moving against Catholic Mutual Fund

0.43

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	RPFGX	SBFAX	FTIXX	PUFCX	BTO	FNPIX	XFINX
RPFGX		0.97	0.0	0.94	0.85	0.84	0.47	RPFGX
SBFAX	0.97		0.0	0.91	0.87	0.77	0.39	SBFAX
FTIXX	0.0	0.0		0.0	0.0	0.0	0.0	FTIXX
PUFCX	0.94	0.91	0.0		0.8	0.72	0.26	PUFCX
BTO	0.85	0.87	0.0	0.8		0.62	0.4	BTO
FNPIX	0.84	0.77	0.0	0.72	0.62		0.62	FNPIX
XFINX	0.47	0.39	0.0	0.26	0.4	0.62		XFINX
	RPFGX	SBFAX	FTIXX	PUFCX	BTO	FNPIX	XFINX

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

SBFAX	+ 0.97	RPFGX
PUFCX	+ 0.94	RPFGX
PUFCX	+ 0.91	SBFAX
BTO	+ 0.87	SBFAX
BTO	+ 0.85	RPFGX
FNPIX	+ 0.84	RPFGX

High negative correlations

XFINX	- 0.0	FTIXX
FNPIX	- 0.0	FTIXX
BTO	- 0.0	FTIXX
PUFCX	- 0.0	FTIXX
FTIXX	- 0.0	SBFAX
FTIXX	- 0.0	RPFGX

Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Values 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 Catholic Values' 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
RPFGX	0.66	0.16	0.13	0.99	0.68	(0.69)	1.60	(1.27)	4.28
SBFAX	0.93	0.31	0.36	0.55	0.25	(1.18)	1.70	(1.43)	18.47
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUFCX	0.93	0.25	0.21	0.90	0.67	(1.12)	1.88	(1.77)	15.11
BTO	0.87	0.20	0.19	0.23	0.75	(0.98)	2.95	(1.55)	5.37
FNPIX	1.00	(0.01)	0.00	0.03	1.37	(0.97)	1.85	(2.16)	6.55
XFINX	0.15	(0.01)	(0.11)	(0.01)	0.26	(0.15)	0.36	(0.43)	1.58

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