Ffcdax Correlations

FFCDAX Fund

9.78 0.04 0.41%

The current 90-days correlation between Ffcdax and Vanguard Total Stock is -0.02 (i.e., Good diversification). The correlation of Ffcdax 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.

Ffcdax Correlation With Market

Very weak diversification

The correlation between Ffcdax and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ffcdax 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 Ffcdax. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in banks.

Moving together with Ffcdax Fund

0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.67	BA	Boeing	Pair Corr
0.86	JPM	JPMorgan Chase	Pair Corr
0.66	MRK	Merck Company	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.83	CAT	Caterpillar	Pair Corr

Moving against Ffcdax Fund

0.61	PG	Procter Gamble	Pair Corr
0.41	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.94	0.72	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.94	0.72	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.94	0.72	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.94	0.72	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.94	0.72	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.94	0.72	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.94	0.73	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.94	0.72	VFFSX
VGTSX	0.94	0.94	0.94	0.94	0.94	0.94	0.94	0.94		0.67	VGTSX
VTIAX	0.72	0.72	0.72	0.72	0.72	0.72	0.73	0.72	0.67		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Ffcdax Fund performing well and Ffcdax 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 Ffcdax'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
VTSAX	0.48	0.16	0.08	(0.50)	0.27	(0.59)	1.07	(0.81)	2.71
VFIAX	0.47	0.16	0.08	(0.53)	0.23	(0.56)	1.12	(0.79)	2.71
VTSMX	0.49	0.17	0.08	(0.49)	0.27	(0.60)	1.15	(0.81)	2.80
VITSX	0.49	0.17	0.08	(0.49)	0.27	(0.60)	1.15	(0.81)	2.80
VSTSX	0.49	0.17	0.08	(0.49)	0.27	(0.58)	1.15	(0.81)	2.80
VSMPX	0.49	0.17	0.08	(0.49)	0.27	(0.60)	1.15	(0.81)	2.80
VFINX	0.47	0.16	0.08	(0.55)	0.23	(0.56)	1.12	(0.79)	2.71
VFFSX	0.47	0.16	0.08	(0.53)	0.23	(0.53)	1.11	(0.78)	2.71
VGTSX	0.51	0.14	0.03	(0.44)	0.49	(0.53)	1.32	(1.15)	3.02
VTIAX	0.51	0.06	0.04	0.19	0.46	(0.52)	1.34	(1.15)	3.03

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