1919 Financial Correlations

Mutual Funds . USA . 
Fund . 1919 Financial Services
LMRIX Fund  USD 34.86  0.04  0.11%   
The current 90-days correlation between 1919 Financial Services and Royce Opportunity Fund is 0.76 (i.e., Poor diversification). The correlation of 1919 Financial 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.

1919 Financial Correlation With Market

Very poor diversification

The correlation between 1919 Financial Services and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Financial Services and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 1919 Financial Services. 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 gross domestic product.

Moving together with 1919 Mutual Fund

  0.83SSIAX 1919 Socially ResponsivePairCorr
  1.0SBFAX 1919 Financial ServicesPairCorr
  0.82SESLX 1919 Socially ResponsivePairCorr
  1.0SFSLX 1919 Financial ServicesPairCorr
  0.84LMRNX 1919 Socially ResponsivePairCorr
  1.0VFAIX Vanguard Financials IndexPairCorr
  0.98FRBCX Regional BankPairCorr
  0.98JRGRX Regional BankPairCorr
  0.99PRISX T Rowe PricePairCorr
  1.0FIDCX Financial IndustriesPairCorr
  1.0JFDRX Financial IndustriesPairCorr
  0.99TFIFX T Rowe PricePairCorr
  0.99DVFYX Davis FinancialPairCorr
  0.99RPFGX Davis FinancialPairCorr
  0.99DFFCX Davis FinancialPairCorr
  0.67VTWAX Vanguard Total WorldPairCorr
  0.86RGRYX Victory Rs GrowthPairCorr
  0.92ANCIX Ancora MicrocapPairCorr
  0.91FSEIX Nuveen Mid CapPairCorr
  0.85FBALX Fidelity BalancedPairCorr
  0.95FSRFX Transportation PortfolioPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.86FIKHX Fidelity Advisor TecPairCorr
  0.62AMECX Income FundPairCorr
  0.64SRORX Calamos AntetokounmpoPairCorr
  0.92WCPSX Mobile TelecommunicatioPairCorr
  0.78FHCOX Federated Hermes ConPairCorr
  0.83MERDX Meridian GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Financial 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 1919 Financial'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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