Evaluator Tactically Correlations

Mutual Funds . USA . 
Fund . Evaluator Tactically Managed
EVFTX Fund  USD 11.63  0.08  0.68%   
The current 90-days correlation between Evaluator Tactically and Evaluator Aggressive Rms is 0.97 (i.e., Almost no diversification). The correlation of Evaluator Tactically 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 Tactically Correlation With Market

Very poor diversification

The correlation between Evaluator Tactically Managed and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Tactically Managed 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 Tactically Managed. 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 manufacturing.

Moving together with Evaluator Mutual Fund

  0.98EVAGX Evaluator Aggressive RmsPairCorr
  0.99EVFMX Evaluator Moderate RmsPairCorr
  0.98EVFGX Evaluator Aggressive RmsPairCorr
  0.98EVFCX Evaluator ConservativePairCorr
  0.99EVGRX Evaluator Growth RmsPairCorr
  0.98EVGLX Evaluator Growth RmsPairCorr
  0.99EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.91EVVLX Evaluator Very ConsePairCorr
  0.91EVVCX Evaluator Very ConsePairCorr
  0.79VWIAX Vanguard Wellesley IncomePairCorr
  0.79VWINX Vanguard Wellesley IncomePairCorr
  0.88BKMIX Blackrock Multi AssetPairCorr
  0.79HBLTX Hartford BalancedPairCorr
  0.79HBLRX Hartford BalancedPairCorr
  0.8HBLSX Hartford BalancedPairCorr
  0.79HBLVX Hartford BalancedPairCorr
  0.79HBLFX Hartford BalancedPairCorr
  0.79HBLYX Hartford BalancedPairCorr
  0.79HBLCX Hartford BalancedPairCorr
  0.75GPMFX Guidepath Managed FuturesPairCorr
  0.68WARCX Wells Fargo AdvantagePairCorr
  0.81SDVGX Sit Dividend GrowthPairCorr
  0.89PSILX Spectrum InternationalPairCorr
  0.89FLMTX Franklin LifesmartPairCorr
  0.77BTBFX Boston Trust AssetPairCorr
  0.66HAVLX Harbor Large CapPairCorr
  0.77DFALX Large Cap InternationalPairCorr
  0.92VTIVX Vanguard Target RetiPairCorr
  0.82FBJYGX FbjygxPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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