Matson Money Correlations

Mutual Funds . USA . 
Fund . Matson Money Equity
FMVUX Fund  USD 37.74  0.06  0.16%   
The current 90-days correlation between Matson Money Equity and Goldman Sachs Growth is 0.76 (i.e., Poor diversification). The correlation of Matson Money 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.

Matson Money Correlation With Market

Almost no diversification

The correlation between Matson Money Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matson Money Equity 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 Matson Money Equity. 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 employment.

Moving together with Matson Mutual Fund

  0.96VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.87AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.88JPM JPMorgan Chase Sell-off TrendPairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.9CSCO Cisco Systems Sell-off TrendPairCorr
  0.75HPQ HP IncPairCorr
  0.73HD Home DepotPairCorr
  0.85DIS Walt Disney Sell-off TrendPairCorr
  0.85INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.85WMT Walmart Aggressive PushPairCorr

Moving against Matson Mutual Fund

  0.8JNJ Johnson Johnson Sell-off TrendPairCorr
  0.76MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.74PFE Pfizer Inc Aggressive PushPairCorr
  0.52PFHCX Pacific Funds SmallPairCorr
  0.46NHS Neuberger Berman HighPairCorr
  0.33VGTSX Vanguard Total InterPairCorr
  0.32VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Matson Mutual Fund performing well and Matson Money 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 Matson Money'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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