Evaluator Aggressive Correlations

Mutual Funds . USA . 
Fund . Evaluator Aggressive Rms
EVFGX Fund  USD 15.90  0.14  0.89%   
The current 90-days correlation between Evaluator Aggressive Rms and The National Tax Free is 0.15 (i.e., Average diversification). The correlation of Evaluator Aggressive 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 Aggressive Correlation With Market

Very poor diversification

The correlation between Evaluator Aggressive Rms and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Aggressive 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 Aggressive 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 census.

Moving together with Evaluator Mutual Fund

  1.0EVAGX Evaluator Aggressive RmsPairCorr
  0.98EVFTX Evaluator TacticallyPairCorr
  0.99EVFMX Evaluator Moderate RmsPairCorr
  0.92EVFCX Evaluator ConservativePairCorr
  0.99EVGRX Evaluator Growth RmsPairCorr
  1.0EVGLX Evaluator Growth RmsPairCorr
  0.99EVMLX Evaluator Moderate RmsPairCorr
  0.98EVTTX Evaluator TacticallyPairCorr
  0.81EVVLX Evaluator Very ConsePairCorr
  0.81EVVCX Evaluator Very ConsePairCorr
  0.92GWPCX American Funds GrowthPairCorr
  0.92GWPFX American Funds GrowthPairCorr
  0.92GWPAX American Funds GrowthPairCorr
  0.92CGRGX American Funds GrowthPairCorr
  0.92FPGGX American Funds GrowthPairCorr
  0.92FGPGX American Funds GrowthPairCorr
  0.83MUTHX Franklin Mutual SharesPairCorr
  0.79TESRX Franklin Mutual SharesPairCorr
  0.83FMSHX Franklin Mutual SharesPairCorr
  0.92CGQGX American Funds GrowthPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.75VFFSX Vanguard 500 IndexPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.9VTSNX Vanguard Total InterPairCorr
  0.74VTISX Vanguard Total InterPairCorr
  0.74VTPSX Vanguard Total InterPairCorr
  0.9VINIX Vanguard InstitutionalPairCorr
  0.8SMCIX Sp Smallcap IndexPairCorr
  0.9RRSUX T Rowe PricePairCorr
  0.9SVSPX Ssga Sp 500PairCorr
  0.85LIRIX Blackrock Lifepath IdxPairCorr
  0.78VWINX Vanguard Wellesley IncomePairCorr
  0.95CMONX Columbia Moderate 529PairCorr
  0.69BCX Blackrock ResourcesPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Aggressive 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 Aggressive'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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