Evaluator Tactically Correlations

Mutual Funds . USA . 
Fund . Evaluator Tactically Managed
EVFTX Fund  USD 10.85  0.01  0.09%   
The current 90-days correlation between Evaluator Tactically and Evaluator Aggressive Rms is 0.74 (i.e., Poor diversification). The correlation of Evaluator Tactically 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.

Evaluator Tactically Correlation With Market

Very weak diversification

The correlation between Evaluator Tactically Managed and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Tactically Managed 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 Evaluator Tactically Managed. 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 estimate.

Moving together with Evaluator Mutual Fund

  0.87EVAGX Evaluator Aggressive RmsPairCorr
  0.94EVFMX Evaluator Moderate RmsPairCorr
  0.87EVFGX Evaluator Aggressive RmsPairCorr
  0.82EVFCX Evaluator ConservativePairCorr
  0.89EVGRX Evaluator Growth RmsPairCorr
  0.89EVGLX Evaluator Growth RmsPairCorr
  0.94EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.77VWINX Vanguard Wellesley IncomePairCorr
  0.77VWIAX Vanguard Wellesley IncomePairCorr
  0.87BKMIX Blackrock Multi AssetPairCorr
  0.94HBLTX Hartford BalancedPairCorr
  0.93HBLRX Hartford BalancedPairCorr
  0.93HBLSX Hartford BalancedPairCorr
  0.94HBLVX Hartford BalancedPairCorr
  0.94HBLYX Hartford BalancedPairCorr
  0.92HBLCX Hartford BalancedPairCorr
  0.94HBLIX Hartford BalancedPairCorr
  0.7PFN Pimco Income StrategyPairCorr
  0.63XNKGX Nuveen Georgia QualityPairCorr
  0.7PCF Putnam High IncomePairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.74AMEIX Equity GrowthPairCorr
  0.89GAPIX Goldman Sachs EquityPairCorr
  0.7ILESX Fisher InvestmentsPairCorr
  0.71MLMAX Global E PortfolioPairCorr
  0.73GAB Gabelli Equity TrustPairCorr
  0.61TLCYX Touchstone Large CapPairCorr
  0.84VWELX Vanguard WellingtonPairCorr
  0.78FSEIX Nuveen Mid CapPairCorr
  0.72WWLAX Westwood Largecap ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Tactically 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 Evaluator Tactically'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.

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