Evaluator Aggressive Correlations

Mutual Funds . USA . 
Fund . Evaluator Aggressive Rms
EVFGX Fund  USD 15.76  0.11  0.70%   
The current 90-days correlation between Evaluator Aggressive Rms and Astor Star Fund is 0.94 (i.e., Almost no 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
  0.93EVFCX Evaluator ConservativePairCorr
  0.99EVGRX Evaluator Growth RmsPairCorr
  0.99EVGLX Evaluator Growth RmsPairCorr
  0.99EVMLX Evaluator Moderate RmsPairCorr
  0.98EVTTX Evaluator TacticallyPairCorr
  0.81EVVLX Evaluator Very ConsePairCorr
  0.8EVVCX Evaluator Very ConsePairCorr
  0.92GWPCX American Funds GrowthPairCorr
  0.93GWPFX American Funds GrowthPairCorr
  0.93GWPAX American Funds GrowthPairCorr
  0.93CGRGX American Funds GrowthPairCorr
  0.93FPGGX American Funds GrowthPairCorr
  0.93FGPGX American Funds GrowthPairCorr
  0.83MUTHX Franklin Mutual SharesPairCorr
  0.78TESRX Franklin Mutual SharesPairCorr
  0.82FMSHX Franklin Mutual SharesPairCorr
  0.93CGQGX American Funds GrowthPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.9VFFSX Vanguard 500 IndexPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.91VTSNX Vanguard Total InterPairCorr
  0.91VTISX Vanguard Total InterPairCorr
  0.91VTPSX Vanguard Total InterPairCorr
  0.9VINIX Vanguard InstitutionalPairCorr
  0.79SMCIX Sp Smallcap IndexPairCorr
  0.93RRSUX T Rowe PricePairCorr
  0.9SVSPX Ssga Sp 500PairCorr
  0.85LIRIX Blackrock Lifepath IdxPairCorr
  0.78VWINX Vanguard Wellesley IncomePairCorr
  0.96CMONX Columbia Moderate 529PairCorr
  0.68BCX 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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