Evaluator Growth Correlations

EVGLX Fund

USD 12.16 0.13 1.06%

The current 90-days correlation between Evaluator Growth Rms and Dws Global Macro is 0.82 (i.e., Very poor diversification). The correlation of Evaluator Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Evaluator Growth Rms and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Growth 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 Growth 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 bureau of economic analysis.

Moving together with Evaluator Mutual Fund

1.0	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.91	EVFTX	Evaluator Tactically	Pair Corr
1.0	EVFMX	Evaluator Moderate Rms	Pair Corr
0.94	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.89	EVFCX	Evaluator Conservative	Pair Corr
1.0	EVGRX	Evaluator Growth Rms	Pair Corr
1.0	EVMLX	Evaluator Moderate Rms	Pair Corr
0.91	EVTTX	Evaluator Tactically	Pair Corr
0.9	FFIFX	American Funds	Pair Corr
0.9	FAIFX	American Funds	Pair Corr
0.9	IFACX	Income Fund	Pair Corr
0.9	IFAFX	Income Fund	Pair Corr
0.9	AMECX	Income Fund	Pair Corr
0.9	CIMCX	Income Fund	Pair Corr
0.9	CIMFX	Income Fund	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.93	VTSMX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.9	BGEWX	Baillie Gifford Emerging	Pair Corr
0.9	LBHIX	Thrivent High Yield	Pair Corr
0.91	SBICX	Clearbridge International	Pair Corr
0.77	SSTVX	Wells Fargo Short	Pair Corr
0.88	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.97	BCIIX	Brown Capital	Pair Corr
0.93	FKGRX	Franklin Growth	Pair Corr
0.73	PYABX	Payden Absolute Return	Pair Corr
0.92	IEOPX	Ing Evergreen Omega	Pair Corr
0.98	RPNIX	Riverpark/next Century	Pair Corr
0.92	EMGYX	Wells Fargo Emerging	Pair Corr
0.85	BWDTX	Boyd Watterson	Pair Corr
0.91	LISIX	Lazard International	Pair Corr

Related Correlations Analysis

	DBIWX	FMIGX	MFIRX	MGGNX	CBSYX	OSIIX	HRLAX
DBIWX		0.08	0.73	0.71	0.98	0.82	0.79	DBIWX
FMIGX	0.08		0.15	-0.08	0.1	0.09	0.2	FMIGX
MFIRX	0.73	0.15		0.52	0.75	0.94	0.86	MFIRX
MGGNX	0.71	-0.08	0.52		0.69	0.51	0.35	MGGNX
CBSYX	0.98	0.1	0.75	0.69		0.82	0.79	CBSYX
OSIIX	0.82	0.09	0.94	0.51	0.82		0.93	OSIIX
HRLAX	0.79	0.2	0.86	0.35	0.79	0.93		HRLAX
	DBIWX	FMIGX	MFIRX	MGGNX	CBSYX	OSIIX	HRLAX

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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

CBSYX	+ 0.98	DBIWX
OSIIX	+ 0.94	MFIRX
HRLAX	+ 0.93	OSIIX
HRLAX	+ 0.86	MFIRX
OSIIX	+ 0.82	DBIWX
OSIIX	+ 0.82	CBSYX

High negative correlations

MGGNX

- 0.08

FMIGX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Growth 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 Growth'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
DBIWX	0.36	0.04	0.03	0.18	0.51	(0.38)	0.68	(0.85)	4.19
FMIGX	0.55	0.13	0.16	0.88	0.39	(0.70)	1.46	(1.39)	2.89
MFIRX	0.16	0.01	(0.08)	(0.94)	0.10	(0.26)	0.38	(0.19)	1.15
MGGNX	0.16	0.03	(0.01)	(4.23)	0.00	(0.24)	0.35	(0.23)	0.93
CBSYX	0.40	0.06	0.05	0.22	0.49	(0.44)	0.86	(0.82)	3.39
OSIIX	0.29	0.03	(0.01)	0.74	0.38	(0.43)	0.64	(0.63)	2.27
HRLAX	0.49	0.06	0.04	0.21	0.88	(0.54)	0.92	(1.17)	4.53

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