Catholic Responsible Correlations

Mutual Funds . USA . 
Fund . Catholic Responsible Investments
CRBVX Fund  USD 8.56  0.03  0.35%   
The current 90-days correlation between Catholic Responsible and Catholic Responsible Investments is 0.08 (i.e., Significant diversification). The correlation of Catholic Responsible 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 Responsible Correlation With Market

Significant diversification

The correlation between Catholic Responsible Investmen and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Responsible Investmen 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 Responsible Investments. 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 unemployment.

Moving together with Catholic Mutual Fund

  0.99CRBSX Catholic ResponsiblePairCorr
  0.84CROVX Catholic ResponsiblePairCorr
  0.98DODIX Dodge IncomePairCorr
  0.99DOXIX Dodge Cox IncomePairCorr
  0.94FIWGX Strategic AdvisersPairCorr
  0.94MWTNX Metropolitan West TotalPairCorr
  0.97MWTSX Metropolitan West TotalPairCorr
  0.92PTTPX Pimco Total ReturnPairCorr
  0.93PTRRX Total ReturnPairCorr
  0.92PTRAX Total ReturnPairCorr
  0.89PTTRX Total ReturnPairCorr
  0.96PDBSX Prudential Total ReturnPairCorr
  0.63RNRPX American Funds RetirementPairCorr
  0.72NSTCX Neuberger Berman StrPairCorr
  0.61PSCAX Palmer Square SsiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Responsible 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 Responsible'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CMMVX  0.34 (0.02)(0.08) 0.03  0.49 
(0.34)
 0.78 
(0.76)
 2.13 
CMMSX  0.34 (0.02)(0.08) 0.04  0.49 
(0.34)
 0.85 
(0.76)
 2.12 
CMNVX  0.26 (0.02)(0.13) 0.03  0.34 
(0.29)
 0.63 
(0.62)
 1.70 
CMNSX  0.26 (0.02)(0.13) 0.02  0.34 
(0.28)
 0.63 
(0.62)
 1.61 
CMPVX  0.33  0.01 (0.09) 0.24  0.50 
(0.32)
 0.78 
(0.77)
 2.09 
CMPSX  0.35 (0.02)(0.09) 0.02  0.50 
(0.35)
 0.78 
(0.77)
 2.11 
CMUVX  0.43 (0.03)(0.07) 0.03  0.65 
(0.40)
 0.99 
(0.90)
 2.65 
CMUSX  0.42 (0.02)(0.06) 0.03  0.64 
(0.40)
 0.99 
(0.90)
 2.56 
CRBVX  0.15 (0.01)(0.37)(0.47) 0.17 
(0.19)
 0.35 
(0.23)
 0.93 
CRBSX  0.14 (0.01)(0.33)(0.38) 0.17 
(0.17)
 0.24 
(0.23)
 0.82 

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