Plumb Balanced Correlations

PLIBX Fund

USD 37.39 0.30 0.80%

The current 90-days correlation between Plumb Balanced and Aquila Tax Free Fund is -0.01 (i.e., Good diversification). The correlation of Plumb Balanced 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.

Plumb Balanced Correlation With Market

Poor diversification

The correlation between Plumb Balanced and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plumb Balanced. 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 bureau of labor statistics.

Moving together with Plumb Mutual Fund

0.62	PLBBX	Plumb Balanced	Pair Corr
0.72	ABALX	American Balanced	Pair Corr
0.72	BALCX	American Balanced	Pair Corr
0.73	BALFX	American Balanced	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.72	RLBCX	American Balanced	Pair Corr
0.72	RLBBX	American Balanced	Pair Corr
0.72	CLBAX	American Balanced	Pair Corr
0.73	CLBEX	American Balanced	Pair Corr
0.73	RLBFX	American Balanced	Pair Corr
0.71	RIDFX	Income Fund	Pair Corr
0.61	AMHIX	American High Income	Pair Corr
0.87	TSGGX	Tiaa Cref Lifestyle	Pair Corr
0.92	QMORX	Aqr Large Cap	Pair Corr
0.82	PVCMX	Palm Valley Capital	Pair Corr
0.62	DIFDX	Mfs Diversified Income	Pair Corr
0.88	MVALX	Meridian Contrarian	Pair Corr
0.77	AMDWX	Amana Developing World	Pair Corr
0.86	TRRFX	T Rowe Price	Pair Corr
0.73	SIEDX	Sit Emerging Markets	Pair Corr
0.9	ATWYX	Ab Tax Managed	Pair Corr
0.76	CWIEX	Capital World Growth	Pair Corr
0.67	XGAMX	General American Inv	Pair Corr

Moving against Plumb Mutual Fund

0.74	TCTGX	Transamerica Cleartrack	Pair Corr
0.74	TDKTX	Cleartrack 2015 Class	Pair Corr
0.74	TCTJX	Transamerica Cleartrack	Pair Corr
0.71	TCSUX	Cleartrack 2020 Class	Pair Corr
0.71	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.48	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	PLBBX	PLBEX	PLIEX	CRMVX	LLDYX	PONRX	MPACX	CIUEX	UTAHX
PLBBX		0.19	0.13	0.83	0.73	0.75	0.85	0.86	0.74	PLBBX
PLBEX	0.19		0.88	0.08	-0.33	-0.42	-0.23	-0.2	-0.44	PLBEX
PLIEX	0.13	0.88		0.14	-0.27	-0.38	-0.2	-0.17	-0.37	PLIEX
CRMVX	0.83	0.08	0.14		0.85	0.8	0.87	0.88	0.82	CRMVX
LLDYX	0.73	-0.33	-0.27	0.85		0.93	0.88	0.88	0.92	LLDYX
PONRX	0.75	-0.42	-0.38	0.8	0.93		0.94	0.93	0.96	PONRX
MPACX	0.85	-0.23	-0.2	0.87	0.88	0.94		0.96	0.95	MPACX
CIUEX	0.86	-0.2	-0.17	0.88	0.88	0.93	0.96		0.93	CIUEX
UTAHX	0.74	-0.44	-0.37	0.82	0.92	0.96	0.95	0.93		UTAHX
	PLBBX	PLBEX	PLIEX	CRMVX	LLDYX	PONRX	MPACX	CIUEX	UTAHX

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

UTAHX	+ 0.96	PONRX
CIUEX	+ 0.96	MPACX
UTAHX	+ 0.95	MPACX
MPACX	+ 0.94	PONRX
PONRX	+ 0.93	LLDYX
CIUEX	+ 0.93	PONRX

High negative correlations

UTAHX	- 0.44	PLBEX
PONRX	- 0.42	PLBEX
PONRX	- 0.38	PLIEX
UTAHX	- 0.37	PLIEX
LLDYX	- 0.33	PLBEX
LLDYX	- 0.27	PLIEX

Risk-Adjusted Indicators

There is a big difference between Plumb Mutual Fund performing well and Plumb Balanced 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 Plumb Balanced'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
PLBBX	0.49	0.00	0.00	0.00	0.64	(0.50)	1.08	(1.18)	3.00
PLBEX	0.75	(0.06)	0.00	(0.06)	0.00	0.00	1.67	(2.06)	4.95
PLIEX	0.75	(0.04)	0.00	0.19	0.00	0.00	1.68	(2.03)	4.89
CRMVX	0.15	0.01	0.06	(1.43)	0.00	(0.23)	0.31	(0.31)	2.03
LLDYX	0.05	0.01	0.00	(0.54)	0.00	0.00	0.26	0.00	0.78
PONRX	0.13	0.00	0.02	0.12	0.12	(0.17)	0.27	(0.36)	1.08
MPACX	0.85	0.14	0.10	0.16	1.22	(0.95)	2.05	(1.12)	9.10
CIUEX	0.68	0.10	0.09	0.13	0.89	(0.69)	1.49	(1.60)	5.10
UTAHX	0.08	0.02	0.09	4.21	0.00	(0.14)	0.21	(0.10)	0.82

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