Forum Real Correlations

FORFX Fund

9.70 0.01 0.10%

The correlation of Forum Real 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.

Forum Real Correlation With Market

Good diversification

The correlation between Forum Real Estate and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forum Real Estate 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 Forum Real Estate. 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 census.

Moving together with Forum Mutual Fund

0.75	NXJ	Nuveen New Jersey	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.76	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.65	AXP	American Express	Pair Corr

Moving against Forum Mutual Fund

0.62	XNXJX	Nuveen New Jersey	Pair Corr
0.48	XNBHX	Neuberger Berman Int	Pair Corr
0.41	XDSMX	Dreyfus Strategic	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.4	PG	Procter Gamble	Pair Corr
0.39	T	ATT Inc	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	PSPFX	BACCX	MLOAX	VENAX	PDX	PYILX
PSPFX		0.51	0.42	0.54	0.01	0.8	PSPFX
BACCX	0.51		0.91	0.96	-0.02	0.68	BACCX
MLOAX	0.42	0.91		0.9	-0.08	0.64	MLOAX
VENAX	0.54	0.96	0.9		0.06	0.66	VENAX
PDX	0.01	-0.02	-0.08	0.06		-0.39	PDX
PYILX	0.8	0.68	0.64	0.66	-0.39		PYILX
	PSPFX	BACCX	MLOAX	VENAX	PDX	PYILX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VENAX	+ 0.96	BACCX
MLOAX	+ 0.91	BACCX
VENAX	+ 0.9	MLOAX
PYILX	+ 0.8	PSPFX
PYILX	+ 0.68	BACCX
PYILX	+ 0.66	VENAX

High negative correlations

PYILX	- 0.39	PDX
PDX	- 0.08	MLOAX
PDX	- 0.02	BACCX

Risk-Adjusted Indicators

There is a big difference between Forum Mutual Fund performing well and Forum Real 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 Forum Real'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
PSPFX	1.31	0.19	0.11	0.28	1.42	(1.43)	3.28	(3.02)	7.78
BACCX	0.76	0.01	(0.04)	0.12	0.95	(0.81)	1.50	(1.25)	4.40
MLOAX	0.76	0.06	(0.01)	0.58	0.94	(0.81)	1.53	(1.64)	3.89
VENAX	0.98	0.03	(0.01)	0.14	1.18	(1.00)	2.06	(1.78)	5.09
PDX	0.77	(0.07)	0.00	(0.09)	0.00	0.00	1.33	(1.36)	4.70
PYILX	0.20	0.02	(0.15)	0.21	0.17	(0.24)	0.41	(0.51)	1.43

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