Evaluator Aggressive Correlations

Mutual Funds . USA . 
Fund . Evaluator Aggressive Rms
EVFGX Fund  USD 14.01  0.11  0.78%   
The current 90-days correlation between Evaluator Aggressive Rms and Evaluator Aggressive Rms is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Evaluator Aggressive Rms and DJI is -0.07 (i.e., Good 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 price.

Moving together with Evaluator Mutual Fund

  1.0EVAGX Evaluator Aggressive RmsPairCorr
  0.96EVFTX Evaluator TacticallyPairCorr
  0.95EVFMX Evaluator Moderate RmsPairCorr
  0.96EVFCX Evaluator ConservativePairCorr
  0.95EVGRX Evaluator Growth RmsPairCorr
  0.95EVGLX Evaluator Growth RmsPairCorr
  0.95EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.95EVVLX Evaluator Very ConsePairCorr
  0.94EVVCX Evaluator Very ConsePairCorr
  0.94CGRGX American Funds GrowthPairCorr
  0.94FPGGX American Funds GrowthPairCorr
  0.94FGPGX American Funds GrowthPairCorr
  0.82MUTHX Franklin Mutual SharesPairCorr
  0.86TESRX Franklin Mutual SharesPairCorr
  0.82FMSHX Franklin Mutual SharesPairCorr
  0.94GWPCX American Funds GrowthPairCorr
  0.94GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.94CGQGX American Funds GrowthPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.91CIF Mfs Intermediate HighPairCorr
  0.8XPPRX Voya Prime RatePairCorr
  0.75ASDDX Short DurationPairCorr
  0.92CENTX Centerstone InvestorsPairCorr
  0.98MMFDX Massmutual SelectPairCorr
  0.78ASDVX Short Duration StrategicPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.69CUSBX Columbia Ultra ShortPairCorr
  0.94MYINX Mainstay InternationalPairCorr
  0.95TGRHX Transamerica InternationalPairCorr
  0.95ACVAX Strategic Allocation:PairCorr
  0.94BIEAX Brandes InternationalPairCorr
  0.94GGSUX Goldman Sachs GrowthPairCorr

Related Correlations Analysis

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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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EVAGX  0.94  0.12  0.03 (1.76) 1.41 
(0.96)
 1.95 
(1.76)
 9.27 
EVFTX  0.50  0.04  0.00  0.15  0.76 
(0.52)
 1.06 
(1.19)
 4.80 
EVFMX  0.67  0.05  0.02  0.15  0.97 
(0.70)
 1.36 
(1.37)
 6.61 
EVFGX  0.93  0.12  0.03 (1.79) 1.46 
(0.93)
 1.95 
(1.68)
 9.35 
EVFCX  0.37  0.02 (0.03) 0.15  0.51 
(0.40)
 0.85 
(0.95)
 3.22 
EVGRX  0.81  0.06  0.03  0.15  1.22 
(0.84)
 1.67 
(1.53)
 8.11 
EVGLX  0.80  0.06  0.03  0.15  1.19 
(0.83)
 1.61 
(1.54)
 7.99 
EVMLX  0.68  0.05  0.02  0.15  1.01 
(0.70)
 1.38 
(1.37)
 6.71 
EVTTX  0.50  0.08  0.01 (1.66) 0.75 
(0.54)
 1.09 
(1.13)
 4.81 
EVVLX  0.25  0.01 (0.08) 0.15  0.34 
(0.27)
 0.53 
(0.65)
 1.98 

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