Fa 529 Correlations

FFCGX Fund

USD 45.14 0.28 0.62%

The current 90-days correlation between Fa 529 Aggressive and Madison Diversified Income is -0.08 (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

Very poor diversification

The correlation between Fa 529 Aggressive and DJI is 0.88 (i.e., Very poor 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 rate.

Moving together with FFCGX Mutual Fund

0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.98	PSNSX	Pimco Stocksplus Small	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.87	BA	Boeing	Pair Corr
0.92	JPM	JPMorgan Chase	Pair Corr
0.81	MRK	Merck Company	Pair Corr
0.84	BAC	Bank of America Aggressive Push	Pair Corr
0.89	CVX	Chevron Corp	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.93	CAT	Caterpillar	Pair Corr

Moving against FFCGX Mutual Fund

0.7	PG	Procter Gamble	Pair Corr
0.46	KO	Coca Cola	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	MBLAX	TRHBX	USCAX	QDARX	EKBDX	EKBCX	VDSCX	BDVFX
MBLAX		0.97	0.93	0.89	0.94	0.93	0.96	0.88	MBLAX
TRHBX	0.97		0.94	0.87	0.9	0.9	0.96	0.81	TRHBX
USCAX	0.93	0.94		0.87	0.91	0.9	0.93	0.83	USCAX
QDARX	0.89	0.87	0.87		0.88	0.88	0.93	0.88	QDARX
EKBDX	0.94	0.9	0.91	0.88		1.0	0.95	0.89	EKBDX
EKBCX	0.93	0.9	0.9	0.88	1.0		0.95	0.89	EKBCX
VDSCX	0.96	0.96	0.93	0.93	0.95	0.95		0.89	VDSCX
BDVFX	0.88	0.81	0.83	0.88	0.89	0.89	0.89		BDVFX
	MBLAX	TRHBX	USCAX	QDARX	EKBDX	EKBCX	VDSCX	BDVFX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MBLAX	0.22	0.05	(0.20)	(1.05)	0.15	(0.26)	0.62	(0.46)	1.27
TRHBX	0.93	0.20	0.06	(0.94)	0.90	(1.12)	2.10	(1.83)	4.58
USCAX	0.89	0.03	0.08	0.13	0.75	(1.12)	2.07	(1.50)	4.29
QDARX	0.07	0.02	(0.83)	(1.22)	0.00	(0.11)	0.16	(0.08)	0.40
EKBDX	0.53	0.08	0.07	0.23	0.35	(0.57)	1.41	(0.99)	3.70
EKBCX	0.53	0.08	0.06	0.23	0.36	(0.60)	1.42	(0.95)	3.73
VDSCX	0.58	0.19	0.06	(0.47)	0.44	(0.68)	1.63	(1.09)	4.00
BDVFX	0.20	0.05	(0.20)	1.05	0.00	(0.29)	0.53	(0.32)	1.41

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