Catholic Rspnsbl Correlations

Mutual Funds USA . 
Fund . Catholic Rspnsbl Invst
CRHSX Fund  USD 10.02  0.00  0.00%   
The current 90-days correlation between Catholic Rspnsbl Invst and Catholic Responsible Investments is -0.06 (i.e., Good diversification). The correlation of Catholic Rspnsbl 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 Rspnsbl Correlation With Market

Very poor diversification

The correlation between Catholic Rspnsbl Invst and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Rspnsbl Invst 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 Rspnsbl Invst. 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 main economic indicators.

Moving together with Catholic Mutual Fund

  0.93CMMVX Catholic ResponsiblePairCorr
  0.93CMMSX Catholic ResponsiblePairCorr
  0.93CMNVX Catholic ResponsiblePairCorr
  0.93CMNSX Catholic ResponsiblePairCorr
  0.92CMPVX Catholic ResponsiblePairCorr
  0.92CMPSX Catholic ResponsiblePairCorr
  0.88CMUVX Catholic ResponsiblePairCorr
  0.88CMUSX Catholic ResponsiblePairCorr
  0.7CRBVX Catholic ResponsiblePairCorr
  0.7CRBSX Catholic ResponsiblePairCorr
  0.96CRDSX Catholic ResponsiblePairCorr
  0.95CRLVX Catholic ResponsiblePairCorr
  0.96CRNSX Catholic ResponsiblePairCorr
  0.94CROVX Catholic ResponsiblePairCorr
  0.94CROSX Catholic ResponsiblePairCorr
  0.84CRQSX Catholic ResponsiblePairCorr
  0.96CRSSX Catholic ResponsiblePairCorr
  0.85CRTVX Catholic ResponsiblePairCorr
  0.96PTSPX Pimco Short TermPairCorr
  0.96PTSHX Short Term FundPairCorr
  0.97PSFAX Short Term FundPairCorr
  0.96PTSRX Short Term FundPairCorr
  0.96PSDNX Putnam Ultra ShortPairCorr
  0.92LUSNX Lord Abbett UltraPairCorr
  0.96MUIIX Ultra Short IncomePairCorr
  0.96MUAIX Ultra Short IncomePairCorr
  0.96MULSX Ultra Short IncomePairCorr
  0.96LUBAX Lord Abbett UltraPairCorr
  0.88NHS Neuberger Berman HighPairCorr
  0.95GIMFX Gmo ImplementationPairCorr
  0.8TOECX Mid Cap GrowthPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.82GGOSX Goldman Sachs GrowthPairCorr
  0.93DILRX Dfa InternationalPairCorr
  0.76JFLEX Janus Flexible BondPairCorr
  0.72FFBOX American FundsPairCorr
  0.71JMGRX Janus EnterprisePairCorr
  0.93FEGIX First Eagle GoldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Rspnsbl 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 Rspnsbl'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  0.36  0.03  0.01  0.10  0.40 
(0.39)
 0.82 
(0.84)
 2.96 
CMMSX  0.37  0.03  0.01  0.10  0.44 
(0.38)
 0.87 
(0.84)
 2.96 
CMNVX  0.31  0.04  0.03  0.13  0.27 
(0.36)
 0.68 
(0.66)
 3.19 
CMNSX  0.30  0.06  0.03  1.50  0.21 
(0.38)
 0.65 
(0.58)
 3.29 
CMPVX  0.40  0.07  0.04  5.85  0.40 
(0.45)
 0.85 
(0.87)
 3.90 
CMPSX  0.40  0.07  0.04  4.87  0.40 
(0.46)
 0.86 
(0.82)
 3.99 
CMUVX  1.54  0.78  1.03  5.57  0.00 
(1.89)
 1.02 
(1.18)
 51.58 
CMUSX  1.52  0.78  1.14  5.09  0.00 
(1.91)
 1.01 
(1.02)
 51.08 
CRBVX  0.14  0.01 (0.13) 0.25  0.00 
(0.19)
 0.35 
(0.23)
 0.70 
CRBSX  0.12  0.01 (0.15) 0.42  0.00 
(0.17)
 0.24 
(0.23)
 0.59 

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