Paradigm Value Correlations

Mutual Funds USA . 
Fund . Paradigm Value Fund
PVFAX Fund  USD 58.31  0.99  1.73%   
The current 90-days correlation between Paradigm Value and T Rowe Price is 0.81 (i.e., Very poor diversification). The correlation of Paradigm Value 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.

Paradigm Value Correlation With Market

Very poor diversification

The correlation between Paradigm Value Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradigm Value Fund 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 Paradigm Value Fund. 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 nation.

Moving together with Paradigm Mutual Fund

  0.94PFSLX Paradigm SelectPairCorr
  0.97PVIVX Paradigm Micro Cap Steady GrowthPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.92FSSNX Fidelity Small CapPairCorr
  0.98DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.97PRSVX T Rowe PricePairCorr
  0.61SMPIX Semiconductor UltrasectorPairCorr
  0.73FELIX Fidelity Advisor SemPairCorr
  0.75ONERX One Rock FundPairCorr
  0.77RYVYX Nasdaq 100 2xPairCorr
  0.7RYVLX Nasdaq 100 2xPairCorr
  0.72FSELX Fidelity Select SemiPairCorr
  0.82VMGAX Vanguard Mega CapPairCorr
  0.87CBNFX American Funds EmergingPairCorr
  0.82HHHYX Hartford SchrodersPairCorr
  0.94ACWZX Aamg Funds IvPairCorr
  0.93MFRKX Mfs ResearchPairCorr
  0.9PDDGX Prudential Day OnePairCorr
  0.78BRMSX Bramshill Income PerPairCorr
  0.76PFCJX Pimco Preferred AndPairCorr
  0.89VITPX Vanguard InstitutionalPairCorr
  0.88ARIIX Ab Global RealPairCorr
  0.91HCVSX The Hartford ServativePairCorr
  0.8VMFXX Vanguard Federal MoneyPairCorr
  0.92AMEFX Income FundPairCorr
  0.86PGEYX George PutnamPairCorr
  0.8MBOIX Madison Core BondPairCorr
  0.96GSSCX Goldman Sachs SmallPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Paradigm Mutual Fund performing well and Paradigm Value 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 Paradigm Value'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
TRARX  0.17  0.03 (0.09) 0.16  0.00 
(0.21)
 0.42 
(0.25)
 1.49 
FLRYX  0.51  0.03  0.03  0.10  0.62 
(0.53)
 1.38 
(0.76)
 4.45 
LOGSX  0.73  0.08  0.07  0.19  0.77 
(0.87)
 1.56 
(1.32)
 5.40 
WMKTX  0.34  0.09  0.03 (1.64) 0.21 
(0.43)
 0.90 
(0.56)
 2.75 
IICAX  0.39  0.09  0.01 (0.49) 0.43 
(0.45)
 1.20 
(0.60)
 3.80 
JLGAX  0.64  0.13  0.04 (0.32) 0.79 
(0.72)
 1.49 
(1.38)
 5.26 
APPLX  0.54  0.04  0.05  0.12  0.51 
(0.58)
 1.47 
(1.12)
 3.47 
MYIFX  0.54  0.02  0.02  0.09  0.70 
(0.57)
 1.25 
(0.82)
 4.65 
OTPSX  0.63  0.05  0.04  0.12  0.84 
(0.65)
 1.32 
(1.21)
 5.33 
MADFX  0.45 (0.03)(0.07) 0.04  0.53 
(0.48)
 1.15 
(0.80)
 3.59 

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