Fundvantage Trust Correlations

PBBIX Fund  USD 10.33  0.01  0.1%   
The current 90-days correlation between Fundvantage Trust and Financials Ultrasector Profund is 0.24 (i.e., Modest 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 -0.16 (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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Fundvantage Trust . 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 Fundvantage Mutual Fund

  0.71PGIIX Polen Global GrowthPairCorr
  0.71PGIRX Polen Global GrowthPairCorr
  0.72POLIX Polen GrowthPairCorr
  0.73POLRX Polen GrowthPairCorr
  0.76DDJRX Ddj Opportunistic HighPairCorr
  0.76DDJIX Ddj Opportunistic HighPairCorr
  0.77PBKIX Polen Bank LoanPairCorr
  0.74PBMIX Polen SmidPairCorr
  0.7PBSIX Polen Small PanyPairCorr
  0.69PBSRX Polen SmallPairCorr
  0.69PBSYX Polen SmallPairCorr
  0.74VWEAX Vanguard High YieldPairCorr
  0.74VWEHX Vanguard High YieldPairCorr
  0.88BHYCX Blackrock Hi YldPairCorr
  0.91BHYIX Blackrock High YieldPairCorr
  0.79BHYSX Blackrock Hi YldPairCorr
  0.9BHYAX Blackrock High YieldPairCorr
  0.87FAHHX American Funds AmericanPairCorr
  0.86FTAHX American Funds AmericanPairCorr
  0.79AHTFX American High IncomePairCorr
  0.77AHTCX American High IncomePairCorr
  0.71FZROX Fidelity Zero TotalPairCorr
  0.66JDBRX Janus BalancedPairCorr
  0.69FSLBX Brokerage And InvestmentPairCorr
  0.76FAGIX Fidelity Capital IncomePairCorr
  0.71HNSGX Harbor Small CapPairCorr
  0.7VVMCX Valic Company IPairCorr
  0.69FMILX Fidelity New MillenniumPairCorr
  0.66GVCIX Gabelli ValPairCorr
  0.72USA Liberty All StarPairCorr

Moving against Fundvantage Mutual Fund

  0.4POIIX Polen InternationalPairCorr
  0.4POIRX Polen InternationalPairCorr
  0.57PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

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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.