Evaluator Growth Correlations

Mutual Funds USA . 
Fund . Evaluator Growth Rms
EVGLX Fund  USD 11.80  0.17  1.42%   
The current 90-days correlation between Evaluator Growth Rms and The Gabelli Small is 0.06 (i.e., Significant 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

Very poor diversification

The correlation between Evaluator Growth Rms and DJI is 0.8 (i.e., Very poor 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

  1.0EVAGX Evaluator Aggressive RmsPairCorr
  0.95EVFTX Evaluator TacticallyPairCorr
  0.99EVFMX Evaluator Moderate RmsPairCorr
  1.0EVFGX Evaluator Aggressive RmsPairCorr
  0.87EVFCX Evaluator ConservativePairCorr
  1.0EVGRX Evaluator Growth RmsPairCorr
  0.99EVMLX Evaluator Moderate RmsPairCorr
  0.87EVTTX Evaluator TacticallyPairCorr
  0.84EVVLX Evaluator Very ConsePairCorr
  0.84EVVCX Evaluator Very ConsePairCorr
  0.89IFAFX Income FundPairCorr
  0.85AMECX Income FundPairCorr
  0.85IFACX Income FundPairCorr
  0.86FFIFX American FundsPairCorr
  0.86FAIFX American FundsPairCorr
  0.85RIDBX Income FundPairCorr
  0.85CIMEX Income FundPairCorr
  0.86RIDFX Income FundPairCorr
  0.85CIMCX Income FundPairCorr
  0.86CIMFX Income FundPairCorr
  0.85SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.87SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.84PMPIX Precious Metals UltrPairCorr
  0.84PMPSX Precious Metals UltrPairCorr
  0.85FGADX Franklin Gold PreciousPairCorr
  0.85FGPMX Franklin Gold AndPairCorr
  0.84OCMGX Ocm Mutual FundPairCorr
  0.82INIYX International InvestorsPairCorr
  0.75FKRCX Franklin Gold PreciousPairCorr
  0.84OCMAX Ocm Mutual FundPairCorr
  0.79THRRX Thornburg Limited TermPairCorr
  0.89SIEYX International EquityPairCorr
  0.71FGSCX Federated Mdt MidPairCorr
  0.77SDGFX Sdit Short DurationPairCorr
  0.79PMBIX Total ReturnPairCorr
  0.84COCRX Columbia ConvertiblePairCorr
  0.83SPIIX Simt Sp 500PairCorr
  0.81HDPSX Hodges Small CapPairCorr
  0.79HDPBX Hodges Blue ChipPairCorr

Related Correlations Analysis


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.

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