Copley Fund Correlations

COPLX Fund

USD 179.49 4.35 2.37%

The correlation of Copley Fund 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.

Copley Fund Correlation With Market

Very poor diversification

The correlation between Copley Fund Inc and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Copley Fund Inc 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 Copley Fund Inc. 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 economic analysis.

Moving together with Copley Mutual Fund

0.81	VVIAX	Vanguard Value Index	Pair Corr
0.89	DOXGX	Dodge Cox Stock	Pair Corr
0.67	FFMMX	American Funds American	Pair Corr
0.68	FFFMX	American Funds American	Pair Corr
0.66	AMFFX	American Mutual	Pair Corr
0.63	AMFCX	American Mutual Downward Rally	Pair Corr
0.88	DODGX	Dodge Stock Fund	Pair Corr
0.8	VIVAX	Vanguard Value Index	Pair Corr
0.95	ASG	Liberty All Star	Pair Corr
0.89	CII	Blackrock Enhanced	Pair Corr
0.97	ETV	Eaton Vance Tax	Pair Corr
0.95	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.93	CRF	Cornerstone Strategic	Pair Corr
0.93	USA	Liberty All Star	Pair Corr
0.94	ETY	Eaton Vance Tax	Pair Corr
0.73	NFJ	Virtus Dividend Interest	Pair Corr
0.78	RHKTX	American Funds 2060	Pair Corr
0.73	FLTTX	Wisdomtree Floating Rate	Pair Corr
0.92	FDTRX	Franklin Dynatech	Pair Corr
0.95	USPRX	Sp 500 Index	Pair Corr
0.79	AREFX	One Choice 2055	Pair Corr
0.93	VPRAX	Voya T Rowe	Pair Corr
0.73	REGTX	American Funds 2040	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.73	DMO	Western Asset Mortgage	Pair Corr
0.94	CCLFX	Cliffwater Corporate	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr
0.88	ANCFX	American Funds Funda	Pair Corr
0.78	FSLEX	Environment And Alte	Pair Corr

Moving against Copley Mutual Fund

0.65

IFN

India Closed

Pair Corr

Related Correlations Analysis

	COPLX	QCERX	DFFVX	MDLOX	CUBA	MMDEX	FSLEX	DIGGX	CCLFX	RGPFX
COPLX		0.95	0.96	0.62	0.77	0.91	0.78	0.92	0.94	0.54	COPLX
QCERX	0.95		0.9	0.67	0.77	0.92	0.86	0.87	0.91	0.6	QCERX
DFFVX	0.96	0.9		0.61	0.73	0.82	0.73	0.96	0.84	0.52	DFFVX
MDLOX	0.62	0.67	0.61		0.25	0.71	0.81	0.62	0.51	0.92	MDLOX
CUBA	0.77	0.77	0.73	0.25		0.79	0.44	0.7	0.82	0.25	CUBA
MMDEX	0.91	0.92	0.82	0.71	0.79		0.82	0.79	0.92	0.66	MMDEX
FSLEX	0.78	0.86	0.73	0.81	0.44	0.82		0.68	0.74	0.73	FSLEX
DIGGX	0.92	0.87	0.96	0.62	0.7	0.79	0.68		0.78	0.53	DIGGX
CCLFX	0.94	0.91	0.84	0.51	0.82	0.92	0.74	0.78		0.43	CCLFX
RGPFX	0.54	0.6	0.52	0.92	0.25	0.66	0.73	0.53	0.43		RGPFX
	COPLX	QCERX	DFFVX	MDLOX	CUBA	MMDEX	FSLEX	DIGGX	CCLFX	RGPFX

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Risk-Adjusted Indicators

There is a big difference between Copley Mutual Fund performing well and Copley Fund 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 Copley Fund'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
COPLX	0.43	0.06	0.11	0.13	0.19	(0.57)	1.04	(0.71)	4.07
QCERX	0.53	0.12	0.09	1.22	0.54	(0.59)	1.18	(1.14)	4.31
DFFVX	0.83	0.01	0.05	0.06	0.72	(0.99)	1.83	(1.38)	8.01
MDLOX	0.35	0.00	(0.09)	0.05	0.38	(0.38)	0.87	(0.70)	2.23
CUBA	0.80	0.09	0.05	0.22	0.93	(0.93)	1.72	(1.63)	5.56
MMDEX	0.63	0.11	0.10	0.22	0.64	(0.68)	1.64	(1.37)	5.19
FSLEX	0.70	0.13	0.08	2.71	0.75	(0.74)	1.37	(1.08)	4.61
DIGGX	0.98	(0.02)	0.00	0.04	1.37	(0.97)	2.12	(1.76)	10.29
CCLFX	0.05	0.03	0.00	7.94	0.00	0.00	0.09	0.00	0.19
RGPFX	0.31	0.00	(0.09)	0.05	0.34	(0.35)	0.64	(0.64)	1.89

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