Capital Management Correlations

CMCIX Fund

USD 26.84 0.23 0.85%

The current 90-days correlation between Capital Management Mid and Fidelity Sai Convertible is 0.13 (i.e., Average diversification). The correlation of Capital Management 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.

Capital Management Correlation With Market

Good diversification

The correlation between Capital Management Mid Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Management Mid 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 Capital Management Mid 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 gross domestic product.

Moving together with Capital Mutual Fund

0.89	VSGIX	Vanguard Small Cap	Pair Corr
0.89	VISGX	Vanguard Small Cap	Pair Corr
0.89	VEXPX	Vanguard Explorer	Pair Corr
0.89	VEXRX	Vanguard Explorer	Pair Corr
0.86	JGMIX	Janus Triton	Pair Corr
0.86	JGMRX	Janus Triton	Pair Corr
0.86	JGMAX	Janus Triton	Pair Corr
0.86	JGMCX	Janus Triton	Pair Corr
0.86	JGMNX	Janus Triton	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against Capital Mutual Fund

0.46

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	FSAWX	LCFYX	NCIDX	PCNTX	PBXIX
FSAWX		0.95	0.95	0.96	0.86	FSAWX
LCFYX	0.95		1.0	0.99	0.92	LCFYX
NCIDX	0.95	1.0		0.99	0.93	NCIDX
PCNTX	0.96	0.99	0.99		0.94	PCNTX
PBXIX	0.86	0.92	0.93	0.94		PBXIX
	FSAWX	LCFYX	NCIDX	PCNTX	PBXIX

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Management 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 Capital Management'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
FSAWX	0.12	0.05	(0.78)	(0.48)	0.00	(0.20)	0.37	(0.09)	1.49
LCFYX	0.47	0.14	0.01	0.58	0.00	(0.60)	1.23	(1.09)	4.56
NCIDX	0.55	0.12	0.00	0.47	0.16	(0.71)	1.27	(1.12)	5.86
PCNTX	0.54	0.10	(0.01)	0.42	0.19	(0.65)	1.11	(0.99)	6.25
PBXIX	0.41	0.01	(0.22)	0.27	0.27	(0.52)	0.85	(0.92)	4.76

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