Money Market Correlations
| GRFXX Fund | USD 1.00 0.00 0.00% |
The current 90-days correlation between Money Market Obligations and Franklin Government Money is 1.0 (i.e., No risk reduction). The correlation of Money Market 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.
Money Market Correlation With Market
Good diversification
The correlation between Money Market Obligations and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Money Market Obligations and DJI in the same portfolio, assuming nothing else is changed.
Money |
Moving together with Money Money Market Fund
| 0.65 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.69 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.65 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.67 | VITSX | Vanguard Total Stock | PairCorr |
| 0.65 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.65 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.69 | VFINX | Vanguard 500 Index | PairCorr |
| 0.67 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.62 | BSDAX | Blackrock Smid Cap | PairCorr |
| 0.66 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.77 | CSCO | Cisco Systems | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.67 | HD | Home Depot | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Money Money Market Fund
| 0.58 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.66 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.53 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.39 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.36 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.74 | 0.0 | 0.65 | FRQXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | STPXX | ||
| 0.74 | 0.0 | 0.0 | 0.0 | 0.89 | QCMMIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PFCXX | ||
| 0.65 | 0.0 | 0.0 | 0.89 | 0.0 | CHNTX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRQXX | 0.03 | 0.01 | 0.00 | (0.33) | 0.00 | 0.00 | 1.01 | |||
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QCMMIX | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.07 | |||
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHNTX | 0.46 | 0.13 | 0.04 | 4.32 | 0.20 | 0.91 | 3.50 |