Fa 529 Correlations

Mutual Funds . USA . 
Fund . Fa 529 Aggressive
FFCGX Fund  USD 43.38  0.43  1.00%   
The current 90-days correlation between Fa 529 Aggressive and Vanguard Total Stock is -0.03 (i.e., Good diversification). The correlation of Fa 529 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.

Fa 529 Correlation With Market

Almost no diversification

The correlation between Fa 529 Aggressive and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa 529 Aggressive 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 Fa 529 Aggressive. 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 price.

Moving together with FFCGX Mutual Fund

  0.94VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.8NHS Neuberger Berman HighPairCorr
  0.94CSCO Cisco Systems Aggressive PushPairCorr
  0.98AXP American ExpressPairCorr
  0.62T ATT IncPairCorr
  0.65WMT WalmartPairCorr
  0.95DIS Walt DisneyPairCorr
  0.94MSFT Microsoft Aggressive PushPairCorr
  0.96JPM JPMorgan ChasePairCorr
  0.8MMM 3M CompanyPairCorr
  0.96BA Boeing Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FFCGX Mutual Fund performing well and Fa 529 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 Fa 529'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  1.11  0.13  0.04 (1.37) 1.64 
(1.05)
 2.08 
(2.35)
 13.08 
VFIAX  1.09  0.13  0.04 (1.47) 1.69 
(1.04)
 2.05 
(2.35)
 12.96 
VTSMX  1.10  0.13  0.04 (1.38) 1.66 
(1.03)
 2.08 
(2.36)
 13.08 
VITSX  1.10  0.08  0.04  0.11  1.66 
(1.05)
 2.08 
(2.36)
 13.08 
VSTSX  1.11  0.13  0.04 (1.36) 1.64 
(1.05)
 2.08 
(2.36)
 13.09 
VSMPX  1.11  0.13  0.04 (1.36) 1.64 
(1.05)
 2.08 
(2.36)
 13.09 
VFINX  1.09  0.08  0.04  0.11  1.67 
(1.10)
 2.05 
(2.35)
 12.96 
VFFSX  1.09  0.13  0.04 (1.43) 1.66 
(1.04)
 2.05 
(2.35)
 12.96 
VGTSX  0.77  0.08  0.04  0.16  1.32 
(0.71)
 1.58 
(1.43)
 7.01 
VTIAX  0.76  0.11  0.04 (2.84) 1.28 
(0.73)
 1.58 
(1.33)
 6.98 

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