Congress Large Correlations

Mutual Funds . USA . 
Fund . Congress Large Cap
CMLIX Fund  USD 49.61  0.17  0.34%   
The current 90-days correlation between Congress Large Cap and Congress Mid Cap is -0.32 (i.e., Very good 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

Very good diversification

The correlation between Congress Large Cap and DJI is -0.33 (i.e., Very good 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 gross domestic product.

Moving together with Congress Mutual Fund

  0.93IMIDX Congress Mid CapPairCorr
  0.92CMIDX Congress Mid CapPairCorr
  0.96CAMLX Congress Large CapPairCorr
  0.96CSMCX Century Small CapPairCorr
  0.96CSMVX Century Small CapPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.96CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.96RGAEX Growth FundPairCorr
  0.88PDI Pimco Dynamic Income Sell-off TrendPairCorr
  0.91FTCAX Templeton Strained BondPairCorr
  0.94OBMCX Oberweis Micro CapPairCorr
  0.91PDARX Diversified Real AssetPairCorr
  0.98IASMX Guinness Atkinson Asia Steady GrowthPairCorr
  0.96DILCX Davis InternationalPairCorr
  0.96JTRBX Jpmorgan SmartretirementPairCorr
  0.71FPHAX Pharmaceuticals PortfolioPairCorr
  0.82MLXIX Catalyst Mlp Infrast Steady GrowthPairCorr
  0.63VCMDX Vanguard CommodityPairCorr
  0.98MSEGX Growth Portfolio ClassPairCorr
  0.95CBLSX Cb Large CapPairCorr
  0.85NWHZX Nationwide Geneva SmallPairCorr
  0.93SITEX Sit Emerging MarketsPairCorr
  0.64IMAAX Ivy Apollo MultiPairCorr
  0.93PSHAX Short Term FundPairCorr

Moving against Congress Mutual Fund

  0.96USPSX Profunds UltrashortPairCorr
  0.86TCTGX Transamerica CleartrackPairCorr
  0.86TDKTX Cleartrack 2015 ClassPairCorr
  0.99USPIX Profunds UltrashortPairCorr
  0.94UIPIX Ultrashort Mid Cap Steady GrowthPairCorr
  0.86TCTJX Transamerica CleartrackPairCorr
  0.82TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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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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