Persimmon Longshort Correlations
| LSEIX Fund | USD 15.96 0.09 0.56% |
The correlation of Persimmon Longshort 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.
Persimmon Longshort Correlation With Market
Significant diversification
The correlation between Persimmon Longshort Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Persimmon Longshort Fund and DJI in the same portfolio, assuming nothing else is changed.
Persimmon |
Moving together with Persimmon Mutual Fund
| 0.95 | JHQCX | Jpmorgan Hedged Equity | PairCorr |
| 0.95 | JHEQX | Jpmorgan Hedged Equity | PairCorr |
| 0.95 | JHQAX | Jpmorgan Hedged Equity | PairCorr |
| 0.94 | GTENX | Gateway Fund Class | PairCorr |
| 0.94 | GTECX | Gateway Fund Class | PairCorr |
| 0.94 | GTEYX | Gateway Fund Class | PairCorr |
| 0.94 | GATEX | Gateway Fund Class | PairCorr |
| 0.97 | JHDCX | Jpmorgan Hedged Equity | PairCorr |
| 0.95 | JHDRX | Jpmorgan Hedged Equity | PairCorr |
| 0.97 | JHDAX | Jpmorgan Hedged Equity | PairCorr |
| 0.94 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.86 | ACP | Aberdeen Income Credit | PairCorr |
| 0.98 | FZROX | Fidelity Zero Total | PairCorr |
| 0.99 | VFINX | Vanguard 500 Index | PairCorr |
| 0.89 | GVCAX | Gabelli Value | PairCorr |
| 0.84 | AMECX | Income Fund | PairCorr |
| 0.9 | FIVUX | First Investors Oppo | PairCorr |
| 0.71 | HIX | Western Asset High | PairCorr |
| 0.91 | RGGEX | American Funds Global | PairCorr |
| 0.86 | CLM | Cornerstone Strategic | PairCorr |
| 0.8 | FSUTX | Utilities Portfolio | PairCorr |
Moving against Persimmon Mutual Fund
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Persimmon Mutual Fund performing well and Persimmon Longshort 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 Persimmon Longshort'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSEIX | 0.41 | 0.10 | (0.02) | 10.71 | 0.35 | 0.77 | 3.53 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMGASX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWJQX | 0.71 | 0.04 | (0.07) | 0.83 | 0.83 | 1.59 | 5.55 | |||
| FGWMX | 0.23 | 0.02 | (0.32) | 0.83 | 0.21 | 0.47 | 1.65 | |||
| PNPXX | 22.41 | 10.13 | 0.21 | (1.11) | 13.77 | 0.65 | 457.17 | |||
| RNDIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BZEAX | 0.38 | 0.07 | (0.06) | 1.02 | 0.26 | 1.04 | 2.65 | |||
| PEWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |