Flakqx Correlations

FLAKQX Fund

13.85 0.01 0.07%

The current 90-days correlation between Flakqx and Doubleline Core Fixed is -0.03 (i.e., Good diversification). The correlation of Flakqx 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.

Flakqx Correlation With Market

Good diversification

The correlation between Flakqx and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flakqx 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 Flakqx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Flakqx Fund

0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.93	VTSMX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.84	SMPIX	Semiconductor Ultrasector	Pair Corr
0.9	RSNRX	Victory Global Natural	Pair Corr
0.9	RSNYX	Victory Global Natural	Pair Corr
0.89	RGNCX	Victory Global Natural	Pair Corr
0.91	UPDDX	Upright Growth Income	Pair Corr
0.87	JPM	JPMorgan Chase	Pair Corr
0.8	BA	Boeing	Pair Corr
0.7	INTC	Intel Sell-off Trend	Pair Corr
0.69	PFE	Pfizer Inc	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.74	MMM	3M Company	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.83	BAC	Bank of America	Pair Corr
0.78	HPQ	HP Inc	Pair Corr

Moving against Flakqx Fund

0.53	IBM	International Business	Pair Corr
0.51	KO	Coca Cola	Pair Corr
0.35	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DDCFX	SEHAX	AUUIX	DSDYX	AAEZX	TOIIX
DDCFX		0.88	0.87	0.92	0.95	0.89	DDCFX
SEHAX	0.88		0.99	0.74	0.96	0.95	SEHAX
AUUIX	0.87	0.99		0.73	0.95	0.92	AUUIX
DSDYX	0.92	0.74	0.73		0.88	0.77	DSDYX
AAEZX	0.95	0.96	0.95	0.88		0.94	AAEZX
TOIIX	0.89	0.95	0.92	0.77	0.94		TOIIX
	DDCFX	SEHAX	AUUIX	DSDYX	AAEZX	TOIIX

Risk-Adjusted Indicators

There is a big difference between Flakqx Fund performing well and Flakqx 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 Flakqx'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
DDCFX	0.21	0.05	(0.21)	(4.61)	0.00	(0.29)	0.54	(0.33)	1.21
SEHAX	0.50	0.04	0.05	0.15	0.32	(0.65)	1.09	(0.77)	2.63
AUUIX	0.44	0.05	0.05	0.17	0.26	(0.54)	1.13	(0.69)	2.75
DSDYX	0.18	0.02	(0.36)	0.37	0.00	(0.21)	0.34	(0.25)	1.07
AAEZX	0.18	0.03	(0.19)	0.29	0.00	(0.25)	0.40	(0.30)	0.97
TOIIX	0.55	0.06	0.05	0.18	0.49	(0.60)	1.35	(1.14)	3.28

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