Commerce Midcap Correlations

CFMVX Fund

26.91 0.02 0.07%

The current 90-days correlation between Commerce Midcap Value and The Kansas Tax Free is -0.27 (i.e., Very good diversification). The correlation of Commerce Midcap 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.

Commerce Midcap Correlation With Market

Almost no diversification

The correlation between Commerce Midcap Value and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerce Midcap Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Midcap Value. 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 real.

Moving together with Commerce Mutual Fund

0.98	CFAGX	Midcap Growth	Pair Corr
0.93	CFGRX	Growth Fund	Pair Corr
0.99	CFVLX	Value Fund	Pair Corr
0.81	FLPKX	Fidelity Low Priced	Pair Corr
0.8	FLPSX	Fidelity Low Priced	Pair Corr
0.99	VMVAX	Vanguard Mid Cap	Pair Corr
0.99	JVMAX	John Hancock Disciplined	Pair Corr
0.99	JVMIX	John Hancock Disciplined	Pair Corr
0.99	VMVIX	Vanguard Mid Cap	Pair Corr
0.99	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.99	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.99	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.99	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.71	FSELX	Fidelity Select Semi	Pair Corr
0.95	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.72	RBLCX	Balanced Strategy	Pair Corr
0.95	TFOAX	Touchstone Focused	Pair Corr
0.99	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.74	CNPCX	New Perspective	Pair Corr
0.64	BATAX	Blackrock Allocation	Pair Corr
0.9	SPGTX	Symmetry Panoramic Tax	Pair Corr
0.92	FBGRX	Fidelity Blue Chip	Pair Corr
0.9	IILGX	Thrivent Large Cap	Pair Corr
0.91	TWCUX	Ultra Fund Investor	Pair Corr
0.94	EXEYX	Equity Series Class	Pair Corr
0.83	RSNRX	Victory Global Natural	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.94	FLMFX	Muirfield Fund Retail	Pair Corr
0.93	PLGJX	Largecap Growth	Pair Corr

Moving against Commerce Mutual Fund

0.62	CFBNX	Bond Fund	Pair Corr
0.32	CFNLX	National Tax	Pair Corr
0.59	PFHCX	Pacific Funds Small	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	KTXIX	CFAGX	CFGRX	CFMOX	CFVLX	NWWAX	SMGASX	PWJQX
KTXIX		-0.34	-0.43	1.0	-0.27	0.0	0.0	0.2	KTXIX
CFAGX	-0.34		0.97	-0.28	0.97	0.0	0.0	-0.31	CFAGX
CFGRX	-0.43	0.97		-0.37	0.93	0.0	0.0	-0.32	CFGRX
CFMOX	1.0	-0.28	-0.37		-0.22	0.0	0.0	0.19	CFMOX
CFVLX	-0.27	0.97	0.93	-0.22		0.0	0.0	-0.23	CFVLX
NWWAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SMGASX
PWJQX	0.2	-0.31	-0.32	0.19	-0.23	0.0	0.0		PWJQX
	KTXIX	CFAGX	CFGRX	CFMOX	CFVLX	NWWAX	SMGASX	PWJQX

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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

CFMOX	+ 1.0	KTXIX
CFGRX	+ 0.97	CFAGX
CFVLX	+ 0.97	CFAGX
CFVLX	+ 0.93	CFGRX
PWJQX	+ 0.2	KTXIX
PWJQX	+ 0.19	CFMOX

High negative correlations

CFGRX	- 0.43	KTXIX
CFMOX	- 0.37	CFGRX
CFAGX	- 0.34	KTXIX
PWJQX	- 0.32	CFGRX
PWJQX	- 0.31	CFAGX
CFMOX	- 0.28	CFAGX

Risk-Adjusted Indicators

There is a big difference between Commerce Mutual Fund performing well and Commerce Midcap 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 Commerce Midcap'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
KTXIX	0.11	0.01	(0.45)	(0.02)	0.16	(0.14)	0.22	(0.22)	1.04
CFAGX	0.63	0.02	0.02	0.14	0.58	(0.66)	1.48	(1.30)	4.48
CFGRX	0.65	0.03	0.01	0.16	0.87	(0.65)	1.63	(1.95)	4.59
CFMOX	0.12	0.01	(0.46)	(0.06)	0.16	(0.15)	0.27	(0.27)	1.08
CFVLX	0.52	(0.01)	(0.05)	0.12	0.39	(0.62)	1.11	(0.89)	3.37
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.76	(0.16)	0.00	(0.08)	0.00	0.00	1.59	(1.71)	5.55

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