Congress Large Correlations

Mutual Funds . USA . 
Fund . Congress Large Cap
CMLIX Fund  USD 52.14  0.30  0.58%   
The current 90-days correlation between Congress Large Cap and Blackrock Diversified Fixed is 0.12 (i.e., Average 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

Good diversification

The correlation between Congress Large Cap and DJI is -0.18 (i.e., 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

  0.84IMIDX Congress Mid CapPairCorr
  0.83CMIDX Congress Mid CapPairCorr
  0.97CAMLX Congress Large CapPairCorr
  0.92CSMCX Century Small CapPairCorr
  0.92CSMVX Century Small CapPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.96CGFEX Growth FundPairCorr
  0.95RGAEX Growth FundPairCorr
  0.85GAAKX Gmo Alternative AlloPairCorr
  0.85GAAGX Gmo Alternative AlloPairCorr
  0.84GPBFX Gmo E PlusPairCorr
  0.72GPMFX Guidepath Managed FuturesPairCorr
  0.9PQTAX Pimco Trends ManagedPairCorr
  0.9PQTNX Pimco Trends ManagedPairCorr
  0.9PQTIX Aa Pimco TrPairCorr
  0.71WARCX Wells Fargo AdvantagePairCorr
  0.75PCMNX Pace Municipal FixedPairCorr
  0.96EMPTX Ubs Emerging MarketsPairCorr
  0.97FAAAX Franklin K2 AlternativePairCorr
  0.85DCCRX Delaware Small CapPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.88ECBSX Eaton Vance TabsPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.86DFSVX Us Small CapPairCorr
  0.96SCFFX Shenkman Short DurationPairCorr
  0.91TREIX Thrivent Natural ResPairCorr
  0.9RERCX Europacific GrowthPairCorr
  0.89ODMAX Oppenheimer DevelopingPairCorr
  0.86FEGRX First Eagle GlobalPairCorr
  0.95PHTTX Principal Lifetime HybridPairCorr
  0.96FGRTX Fidelity Mega CapPairCorr

Related Correlations Analysis


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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