Fundvantage Trust Correlations
PBBIX Fund | USD 10.33 0.01 0.1% |
The current 90-days correlation between Fundvantage Trust and Limited Term Tax is 0.39 (i.e., Weak diversification). The correlation of Fundvantage Trust 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.
Fundvantage Trust Correlation With Market
Good diversification
The correlation between Fundvantage Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundvantage Trust and DJI in the same portfolio, assuming nothing else is changed.
Fundvantage |
Moving together with Fundvantage Mutual Fund
0.74 | PGIIX | Polen Global Growth | PairCorr |
0.74 | PGIRX | Polen Global Growth | PairCorr |
0.74 | POLIX | Polen Growth | PairCorr |
0.74 | POLRX | Polen Growth | PairCorr |
0.73 | DDJRX | Ddj Opportunistic High | PairCorr |
0.74 | DDJIX | Ddj Opportunistic High | PairCorr |
0.8 | PBKIX | Polen Bank Loan | PairCorr |
0.77 | PBMIX | Polen Smid | PairCorr |
0.73 | PBSIX | Polen Small Pany | PairCorr |
0.74 | PBSRX | Polen Small | PairCorr |
0.74 | PBSYX | Polen Small | PairCorr |
0.64 | VWEAX | Vanguard High Yield | PairCorr |
0.64 | VWEHX | Vanguard High Yield | PairCorr |
0.79 | BHYCX | Blackrock Hi Yld | PairCorr |
0.82 | BHYIX | Blackrock High Yield | PairCorr |
0.8 | BHYSX | Blackrock Hi Yld | PairCorr |
0.89 | BHYAX | Blackrock High Yield | PairCorr |
0.85 | FAHHX | American Funds American | PairCorr |
0.85 | FTAHX | American Funds American | PairCorr |
0.85 | AHTFX | American High Income | PairCorr |
0.77 | AHTCX | American High Income | PairCorr |
0.72 | FZROX | Fidelity Zero Total | PairCorr |
0.68 | JDBRX | Janus Balanced | PairCorr |
0.7 | FSLBX | Brokerage And Investment | PairCorr |
0.76 | FAGIX | Fidelity Capital Income | PairCorr |
0.73 | HNSGX | Harbor Small Cap | PairCorr |
0.76 | VVMCX | Valic Company I | PairCorr |
0.7 | FMILX | Fidelity New Millennium | PairCorr |
0.69 | GVCIX | Gabelli Val | PairCorr |
0.74 | USA | Liberty All Star | PairCorr |
Moving against Fundvantage Mutual Fund
0.37 | POIIX | Polen International | PairCorr |
0.37 | POIRX | Polen International | PairCorr |
0.54 | PFHCX | Pacific Funds Small | PairCorr |
Related Correlations Analysis
0.9 | 0.0 | 0.91 | 0.99 | 0.54 | LTXFX | ||
0.9 | 0.0 | 0.89 | 0.93 | 0.33 | MDMTX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GFAXX | ||
0.91 | 0.89 | 0.0 | 0.92 | 0.48 | BBIIX | ||
0.99 | 0.93 | 0.0 | 0.92 | 0.51 | BBINX | ||
0.54 | 0.33 | 0.0 | 0.48 | 0.51 | TPYYX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fundvantage Mutual Fund performing well and Fundvantage Trust 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 Fundvantage Trust'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LTXFX | 0.09 | 0.00 | (0.56) | 0.00 | 0.11 | 0.19 | 0.78 | |||
MDMTX | 0.17 | 0.00 | (0.31) | 0.07 | 0.24 | 0.38 | 1.33 | |||
GFAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
BBIIX | 0.12 | 0.01 | (0.47) | (0.03) | 0.15 | 0.29 | 1.07 | |||
BBINX | 0.12 | 0.00 | (0.46) | 0.04 | 0.14 | 0.29 | 1.07 | |||
TPYYX | 0.70 | 0.02 | (0.11) | (0.69) | 0.95 | 1.40 | 5.39 |