Fairholme Fund Correlations

FAIRX Fund

USD 31.32 0.40 1.26%

The current 90-days correlation between Fairholme Fund and Vanguard Value Index is 0.19 (i.e., Average diversification). The correlation of Fairholme 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.

Fairholme Fund Correlation With Market

Very weak diversification

The correlation between The Fairholme Fund and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Fairholme Fund 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 The Fairholme 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 metropolitan statistical area.

Moving together with Fairholme Mutual Fund

0.9	GCEBX	Goldman Sachs Clean	Pair Corr
0.9	GCEGX	Goldman Sachs Clean	Pair Corr
0.9	GCEPX	Goldman Sachs Clean	Pair Corr
0.9	GCEDX	Goldman Sachs Clean	Pair Corr
0.9	GCEEX	Goldman Sachs Clean	Pair Corr
0.9	GCEJX	Goldman Sachs Clean	Pair Corr
0.89	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Fairholme Mutual Fund

0.84	KINAX	Kinetics Internet	Pair Corr
0.84	WWWFX	Kinetics Internet	Pair Corr
0.84	KINCX	Kinetics Internet	Pair Corr
0.82	KMKCX	Kinetics Market Oppo	Pair Corr
0.82	KMKAX	Kinetics Market Oppo	Pair Corr
0.82	KNPAX	Kinetics Paradigm	Pair Corr
0.81	LSHUX	Horizon Spin Off	Pair Corr
0.81	KNPYX	Kinetics Paradigm	Pair Corr
0.81	WWNPX	Kinetics Paradigm	Pair Corr
0.81	KNPCX	Kinetics Paradigm	Pair Corr
0.8	LSHCX	Horizon Spin Off	Pair Corr
0.76	FOCIX	Fairholme Focused	Pair Corr
0.75	LETRX	Voya Russia Fund	Pair Corr
0.67	ELFNX	Elfun Trusts Elfun	Pair Corr
0.58	ACP	Aberdeen Income Credit	Pair Corr
0.47	SMPSX	Semiconductor Ultrasector	Pair Corr
0.84	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.81	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.81	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.76	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.47	HIX	Western Asset High	Pair Corr
0.4	RGGEX	American Funds Global	Pair Corr
0.36	BTCVX	Cboe Vest Bitcoin Trending	Pair Corr

Related Correlations Analysis

	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
VVIAX		0.96	0.92	0.96	0.96	0.91	0.95	0.95	0.92	0.95	VVIAX
DOXGX	0.96		0.85	0.89	0.89	0.84	0.88	0.87	0.96	0.91	DOXGX
AFMFX	0.92	0.85		0.93	0.93	1.0	0.93	0.92	0.88	0.96	AFMFX
FFMMX	0.96	0.89	0.93		1.0	0.92	1.0	1.0	0.83	0.88	FFMMX
FFFMX	0.96	0.89	0.93	1.0		0.92	1.0	1.0	0.83	0.88	FFFMX
AMRMX	0.91	0.84	1.0	0.92	0.92		0.92	0.92	0.88	0.95	AMRMX
AMFFX	0.95	0.88	0.93	1.0	1.0	0.92		1.0	0.82	0.88	AMFFX
AMFCX	0.95	0.87	0.92	1.0	1.0	0.92	1.0		0.81	0.87	AMFCX
DODGX	0.92	0.96	0.88	0.83	0.83	0.88	0.82	0.81		0.96	DODGX
VIVAX	0.95	0.91	0.96	0.88	0.88	0.95	0.88	0.87	0.96		VIVAX
	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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Risk-Adjusted Indicators

There is a big difference between Fairholme Mutual Fund performing well and Fairholme 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 Fairholme 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
VVIAX	0.48	0.07	(0.06)	0.86	0.28	(0.61)	1.05	(0.69)	3.45
DOXGX	0.49	0.00	(0.04)	0.00	0.34	(0.57)	0.94	(0.85)	4.22
AFMFX	0.42	(0.03)	(0.16)	0.07	0.33	(0.52)	0.82	(0.67)	2.68
FFMMX	0.43	0.06	(0.11)	0.81	0.29	(0.54)	0.90	(0.67)	2.66
FFFMX	0.43	0.06	(0.11)	0.80	0.29	(0.53)	0.90	(0.67)	2.68
AMRMX	0.42	(0.03)	(0.17)	0.07	0.33	(0.51)	0.84	(0.67)	2.66
AMFFX	0.43	0.06	(0.11)	0.80	0.30	(0.53)	0.90	(0.69)	2.68
AMFCX	0.43	0.05	(0.12)	0.75	0.31	(0.53)	0.90	(0.68)	2.68
DODGX	0.49	(0.02)	(0.07)	0.09	0.36	(0.57)	0.94	(0.85)	4.30
VIVAX	0.47	(0.03)	(0.12)	0.08	0.35	(0.59)	1.03	(0.69)	3.45

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