Fabwx Correlations

Mutual Funds . USA . 
Fund . Fabwx
FABWX Fund  USD 16.79  0.11  0.65%   
The current 90-days correlation between Fabwx and Vanguard Total Stock is 0.89 (i.e., Very poor diversification). The correlation of Fabwx 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.

Fabwx Correlation With Market

Very poor diversification

The correlation between Fabwx 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 Fabwx 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 Fabwx. 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 private.

Moving together with Fabwx Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.94PSNSX Pimco Stocksplus SmallPairCorr
  0.72MMM 3M CompanyPairCorr
  0.89GE GE AerospacePairCorr
  0.88BA BoeingPairCorr
  0.91JPM JPMorgan ChasePairCorr
  0.75MRK Merck CompanyPairCorr
  0.76BAC Bank of America Aggressive PushPairCorr
  0.9CVX Chevron CorpPairCorr
  0.76CSCO Cisco Systems Aggressive PushPairCorr
  0.78HD Home Depot Sell-off TrendPairCorr
  0.95CAT CaterpillarPairCorr

Moving against Fabwx Mutual Fund

  0.69PG Procter GamblePairCorr
  0.58IBM International BusinessPairCorr
  0.52KO Coca ColaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fabwx Mutual Fund performing well and Fabwx 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 Fabwx'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
VTSAX  0.48  0.06  0.05  0.18  0.28 
(0.57)
 1.07 
(0.81)
 2.71 
VFIAX  0.46  0.05  0.05  0.18  0.24 
(0.54)
 1.12 
(0.79)
 2.71 
VTSMX  0.48  0.05  0.05  0.17  0.28 
(0.58)
 1.15 
(0.81)
 2.80 
VITSX  0.48  0.05  0.05  0.17  0.29 
(0.58)
 1.15 
(0.81)
 2.80 
VSTSX  0.48  0.05  0.05  0.17  0.28 
(0.56)
 1.15 
(0.81)
 2.80 
VSMPX  0.48  0.05  0.05  0.17  0.28 
(0.58)
 1.15 
(0.81)
 2.80 
VFINX  0.46  0.06  0.05  0.19  0.24 
(0.54)
 1.12 
(0.79)
 2.71 
VFFSX  0.46  0.05  0.05  0.18  0.24 
(0.52)
 1.11 
(0.78)
 2.71 
VGTSX  0.51  0.02 (0.01) 0.14  0.49 
(0.51)
 1.32 
(1.15)
 3.02 
VTIAX  0.50  0.02 (0.01) 0.14  0.49 
(0.50)
 1.34 
(1.15)
 3.03 

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