Fisher Investments Correlations

IUSCX Fund

USD 13.50 0.01 0.07%

The current 90-days correlation between Fisher Investments and Fisher All Foreign is 0.03 (i.e., Significant diversification). The correlation of Fisher Investments 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.

Fisher Investments Correlation With Market

Average diversification

The correlation between Fisher Small Cap and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fisher Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Fisher Small Cap. 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 main economic indicators.

Moving together with Fisher Mutual Fund

0.86	ILESX	Fisher Investments	Pair Corr
0.68	TMPFX	Tactical Multi Purpose	Pair Corr
0.73	QDISX	Fisher Investments	Pair Corr
0.69	QDVSX	Fisher Investments	Pair Corr
0.91	VSGAX	Vanguard Small Cap	Pair Corr
0.91	VSGIX	Vanguard Small Cap	Pair Corr
0.91	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.9	JGMIX	Janus Triton	Pair Corr
0.9	JGMRX	Janus Triton	Pair Corr
0.9	JGMAX	Janus Triton	Pair Corr
0.9	JGMCX	Janus Triton	Pair Corr
0.9	JGMNX	Janus Triton	Pair Corr
0.8	SGPGX	Sgi Prudent Growth	Pair Corr
0.88	FXAIX	Fidelity 500 Index	Pair Corr
0.84	JILGX	Multimanager Lifestyle	Pair Corr
0.74	BGRFX	Baron Growth	Pair Corr
0.87	AMEIX	Equity Growth	Pair Corr
0.88	PRWAX	T Rowe Price	Pair Corr
0.69	AALTX	American Funds 2050	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.87	AMGOX	Alger Mid Cap	Pair Corr
0.72	NUSAX	Nationwide Government	Pair Corr
0.9	FSKAX	Fidelity Total Market	Pair Corr
0.9	WIGRX	Wasatch E Growth	Pair Corr
0.89	FLACX	Fidelity Stock Selector	Pair Corr
0.92	ABVCX	Ab Value Fund	Pair Corr
0.92	RTSAX	Tax Managed Mid	Pair Corr

Moving against Fisher Mutual Fund

0.64	QDIBX	Fisher Fixed Income	Pair Corr
0.64	QDVBX	Fisher Investments	Pair Corr
0.39	IAFEX	Fisher All Foreign	Pair Corr
0.43	PFHCX	Pacific Funds Small	Pair Corr
0.42	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	IAFEX	IUSCX	QDISX	QDIBX	QDVBX	QDVSX
IAFEX		-0.39	-0.02	0.53	0.53	0.14	IAFEX
IUSCX	-0.39		0.73	-0.64	-0.64	0.69	IUSCX
QDISX	-0.02	0.73		-0.69	-0.69	0.98	QDISX
QDIBX	0.53	-0.64	-0.69		1.0	-0.56	QDIBX
QDVBX	0.53	-0.64	-0.69	1.0		-0.57	QDVBX
QDVSX	0.14	0.69	0.98	-0.56	-0.57		QDVSX
	IAFEX	IUSCX	QDISX	QDIBX	QDVBX	QDVSX

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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

QDVBX	+ 1.0	QDIBX
QDVSX	+ 0.98	QDISX
QDISX	+ 0.73	IUSCX
QDVSX	+ 0.69	IUSCX
QDIBX	+ 0.53	IAFEX
QDVBX	+ 0.53	IAFEX

High negative correlations

QDVBX	- 0.69	QDISX
QDIBX	- 0.69	QDISX
QDVBX	- 0.64	IUSCX
QDIBX	- 0.64	IUSCX
QDVSX	- 0.57	QDVBX
QDVSX	- 0.56	QDIBX

Risk-Adjusted Indicators

There is a big difference between Fisher Mutual Fund performing well and Fisher Investments 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 Fisher Investments' 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
IAFEX	0.70	(0.14)	0.00	(0.20)	0.00	0.00	1.69	(1.52)	4.85
IUSCX	0.98	0.09	0.00	0.61	1.00	(1.20)	2.29	(1.69)	8.00
QDISX	0.57	(0.04)	(0.08)	0.06	0.79	(0.62)	1.19	(1.37)	3.81
QDIBX	0.25	(0.02)	0.00	0.50	0.00	0.00	0.44	(0.56)	1.23
QDVBX	0.25	(0.02)	0.00	0.50	0.00	0.00	0.44	(0.56)	1.34
QDVSX	0.56	(0.06)	(0.11)	0.03	0.83	(0.56)	1.17	(1.54)	3.74

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