Cm Modity Correlations

COMIX Fund

USD 75.95 1.75 2.36%

Current 90-days correlation between Cm Modity Index and Smead Value Fund is 0.23 (i.e., Modest diversification).The correlation coefficient for Cm Modity ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Correlation With Market: Cm Modity

Very weak diversification

Across the chosen horizon, COMIX and DJI show a correlation of 0.44 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Trending Equities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Cm Modity Index within the portfolio mix. 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 COMIX Mutual Fund

0.89	INIVX	International Investors	Pair Corr
0.89	INIYX	International Investors	Pair Corr
0.89	INIIX	International Investors	Pair Corr
0.9	GHAYX	Global Hard Assets	Pair Corr
1.0	CMCAX	Cm Modity Index Steady Growth	Pair Corr
1.0	CMCYX	Cm Modity Index Steady Growth	Pair Corr
0.89	IIGCX	International Investors	Pair Corr
0.77	GBFAX	Emerging Markets	Pair Corr
0.99	PCRIX	Commodityrealreturn Steady Growth	Pair Corr
0.99	PCRRX	Commodityrealreturn Steady Growth	Pair Corr
0.99	PCRPX	Pimco Modityrealreturn Steady Growth	Pair Corr
0.99	PCSRX	Commodityrealreturn Steady Growth	Pair Corr
0.98	PCLAX	Pimco Commoditiesplus Steady Growth	Pair Corr
0.98	PCPCX	Pimco Commoditiesplus Steady Growth	Pair Corr
0.98	PCLNX	Pimco Commoditiesplus Steady Growth	Pair Corr
0.97	FIFGX	Fidelity Sai Inflati Steady Growth	Pair Corr
0.99	PCRAX	Commodityrealreturn Steady Growth	Pair Corr
0.99	PCRCX	Commodityrealreturn Steady Growth	Pair Corr
0.65	SMPIX	Semiconductor Ultrasector	Pair Corr
0.66	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	PMPIX	Precious Metals Ultr	Pair Corr
0.88	GOLDX	Gabelli Gold	Pair Corr
0.88	EKWYX	Wells Fargo Advantage	Pair Corr
0.9	EKWAX	Wells Fargo Advantage	Pair Corr
0.88	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	PMPSX	Precious Metals Ultr	Pair Corr
0.69	EKWCX	Wells Fargo Advantage	Pair Corr
0.62	LDLFX	Lord Abbett Short	Pair Corr
0.65	PSSMX	Smallcap Sp 600	Pair Corr
0.77	FIASX	Fidelity International	Pair Corr
0.75	FEMGX	Templeton Emerging	Pair Corr
0.73	FPTKX	Fidelity Freedom 2015	Pair Corr
0.71	LBCQX	Lord Abbett Vertible	Pair Corr
0.8	RPBAX	T Rowe Price	Pair Corr
0.69	PYCRX	Payden California	Pair Corr
0.7	OYMIX	Oppenheimer Moderate	Pair Corr

Related Correlations Analysis

	RPBAX	PRULX	PARWX	PFPWX	FITLX	FCPVX	PRNEX	TRSSX	CSRSX	SMVLX
RPBAX		0.61	0.83	0.83	0.36	0.83	0.71	0.86	0.74	0.87	RPBAX
PRULX	0.61		0.34	0.35	-0.28	0.54	0.67	0.38	0.89	0.71	PRULX
PARWX	0.83	0.34		1.0	0.48	0.83	0.8	0.81	0.45	0.66	PARWX
PFPWX	0.83	0.35	1.0		0.47	0.83	0.8	0.81	0.45	0.66	PFPWX
FITLX	0.36	-0.28	0.48	0.47		0.12	-0.02	0.41	-0.26	-0.07	FITLX
FCPVX	0.83	0.54	0.83	0.83	0.12		0.83	0.71	0.69	0.86	FCPVX
PRNEX	0.71	0.67	0.8	0.8	-0.02	0.83		0.56	0.72	0.76	PRNEX
TRSSX	0.86	0.38	0.81	0.81	0.41	0.71	0.56		0.56	0.7	TRSSX
CSRSX	0.74	0.89	0.45	0.45	-0.26	0.69	0.72	0.56		0.89	CSRSX
SMVLX	0.87	0.71	0.66	0.66	-0.07	0.86	0.76	0.7	0.89		SMVLX
	RPBAX	PRULX	PARWX	PFPWX	FITLX	FCPVX	PRNEX	TRSSX	CSRSX	SMVLX

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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

PFPWX	+ 1.0	PARWX
CSRSX	+ 0.89	PRULX
SMVLX	+ 0.89	CSRSX
SMVLX	+ 0.87	RPBAX
TRSSX	+ 0.86	RPBAX
SMVLX	+ 0.86	FCPVX

High negative correlations

FITLX	- 0.28	PRULX
CSRSX	- 0.26	FITLX
SMVLX	- 0.07	FITLX
PRNEX	- 0.02	FITLX

Risk-Adjusted Indicators

There is a big difference between COMIX Mutual Fund performing well and Cm Modity 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 Cm Modity'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
RPBAX	0.38	0.01	0.02	0.03	0.48	-0.40	0.71	-0.82	2.65
PRULX	0.40	-0.02	0.00	-1.19	0.00	0.00	0.71	-0.94	2.20
PARWX	0.62	0.04	0.05	-0.38	0.74	-0.67	1.35	-1.31	3.49
PFPWX	0.62	0.04	0.05	-0.40	0.74	-0.65	1.35	-1.29	3.50
FITLX	0.55	-0.03	0.00	-0.05	0.00	0.00	0.94	-1.33	3.47
FCPVX	0.78	0.04	0.04	-0.12	0.87	-0.90	1.75	-1.65	4.87
PRNEX	1.01	0.46	0.40	-2.10	0.65	-1.26	2.48	-2.12	8.46
TRSSX	0.96	0.20	0.17	0.20	0.94	-1.04	1.89	-1.84	12.11
CSRSX	0.64	0.07	0.07	0.19	0.90	-0.61	1.40	-1.27	3.96
SMVLX	0.69	0.08	0.09	0.10	0.70	-0.74	2.03	-1.39	3.74

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