Evaluator Conservative Correlations

EVFCX Fund

USD 9.99 0.03 0.30%

The current 90-days correlation between Evaluator Conservative and The Saratoga Advantage is 0.03 (i.e., Significant diversification). The correlation of Evaluator Conservative 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.

Evaluator Conservative Correlation With Market

Almost no diversification

The correlation between Evaluator Conservative Rms and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Conservative Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Conservative Rms. 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 Evaluator Mutual Fund

0.88	EVAGX	Evaluator Aggressive Rms	Pair Corr
1.0	EVFTX	Evaluator Tactically	Pair Corr
0.99	EVFMX	Evaluator Moderate Rms	Pair Corr
0.99	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.85	EVGRX	Evaluator Growth Rms	Pair Corr
0.88	EVGLX	Evaluator Growth Rms	Pair Corr
0.99	EVMLX	Evaluator Moderate Rms	Pair Corr
1.0	EVTTX	Evaluator Tactically	Pair Corr
0.86	EVVLX	Evaluator Very Conse	Pair Corr
0.85	EVVCX	Evaluator Very Conse	Pair Corr
0.99	FASIX	Fidelity Asset Manager	Pair Corr
0.85	FTIWX	Fidelity Asset Manager	Pair Corr
0.84	FTDWX	Fidelity Asset Manager	Pair Corr
0.99	FTAWX	Fidelity Asset Manager	Pair Corr
0.88	FIKVX	Fidelity Asset Manager	Pair Corr
0.99	FTCWX	Fidelity Asset Manager	Pair Corr
0.97	VASIX	Vanguard Lifestrategy	Pair Corr
0.89	PFIPX	Strategic Asset Mana	Pair Corr
0.94	CISGX	Touchstone Sands Capital	Pair Corr
0.96	RISRX	Rbc International Small	Pair Corr
0.97	VMSGX	Mid Cap Strategic	Pair Corr
0.87	IHOIX	Hartford Interna	Pair Corr
0.97	GICPX	Gamco Global Growth	Pair Corr
0.79	GDIUX	Goldman Sachs Short	Pair Corr
0.87	NWXGX	Nationwide Amundi	Pair Corr
0.98	VGIAX	Vanguard Growth And	Pair Corr
0.83	ETSIX	Eaton Vance Short	Pair Corr
0.97	SAGCX	Clearbridge Aggressive	Pair Corr
0.97	MZHSX	Muzinich High Yield	Pair Corr
0.97	TINGX	Thornburg International	Pair Corr
0.82	BYMMX	Bny Mellon Porate	Pair Corr
0.77	VMIXX	Jpmorgan Trust I	Pair Corr
0.88	AADRX	Invesco Growth Allocation	Pair Corr
1.0	SSFNX	State Street Target	Pair Corr

Related Correlations Analysis

	SGAXX	CFSTX	TBFIX	HCSBX	GSGOX	BBINX	FCSCX
SGAXX		0.76	0.07	-0.17	-0.12	-0.37	0.77	SGAXX
CFSTX	0.76		0.45	0.24	0.17	0.06	0.92	CFSTX
TBFIX	0.07	0.45		0.17	0.76	0.42	0.31	TBFIX
HCSBX	-0.17	0.24	0.17		0.13	0.88	0.18	HCSBX
GSGOX	-0.12	0.17	0.76	0.13		0.35	0.18	GSGOX
BBINX	-0.37	0.06	0.42	0.88	0.35		-0.03	BBINX
FCSCX	0.77	0.92	0.31	0.18	0.18	-0.03		FCSCX
	SGAXX	CFSTX	TBFIX	HCSBX	GSGOX	BBINX	FCSCX

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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

FCSCX	+ 0.92	CFSTX
BBINX	+ 0.88	HCSBX
FCSCX	+ 0.77	SGAXX
CFSTX	+ 0.76	SGAXX
GSGOX	+ 0.76	TBFIX
TBFIX	+ 0.45	CFSTX

High negative correlations

BBINX	- 0.37	SGAXX
HCSBX	- 0.17	SGAXX
GSGOX	- 0.12	SGAXX
FCSCX	- 0.03	BBINX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Conservative 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 Evaluator Conservative'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
SGAXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
CFSTX	0.11	0.00	(0.37)	(0.25)	0.06	(0.13)	0.25	(0.25)	0.62
TBFIX	0.30	(0.01)	(0.17)	0.26	0.36	(0.32)	0.58	(0.57)	1.81
HCSBX	0.11	(0.01)	(0.17)	0.44	0.20	(0.18)	0.21	(0.42)	1.69
GSGOX	0.29	0.00	(0.15)	0.85	0.39	(0.28)	0.54	(0.62)	1.83
BBINX	0.22	(0.02)	0.00	0.83	0.00	0.00	0.40	(0.80)	2.21
FCSCX	0.07	0.00	(0.40)	(0.17)	0.00	(0.19)	0.13	(0.13)	0.53

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