Fundvantage Trust Correlations

PBBIX Fund  USD 10.34  0.01  0.1%   
The current 90-days correlation between Fundvantage Trust and Fundvantage Trust is 0.15 (i.e., Average 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

Modest diversification

The correlation between Fundvantage Trust and DJI is 0.27 (i.e., Modest 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

  0.75PGIIX Polen Global GrowthPairCorr
  0.74PGIRX Polen Global GrowthPairCorr
  0.7POLIX Polen GrowthPairCorr
  0.69POLRX Polen GrowthPairCorr
  0.64DDJRX Ddj Opportunistic HighPairCorr
  0.64DDJIX Ddj Opportunistic HighPairCorr
  0.8PBMIX Polen SmidPairCorr
  0.79PBSIX Polen Small PanyPairCorr
  0.79PBSRX Polen SmallPairCorr
  0.79PBSYX Polen SmallPairCorr
  0.74VWEAX Vanguard High YieldPairCorr
  0.74VWEHX Vanguard High YieldPairCorr
  0.93BHYCX Blackrock Hi YldPairCorr
  0.9BHYIX Blackrock High YieldPairCorr
  0.89BHYSX Blackrock Hi YldPairCorr
  0.9BHYAX Blackrock High YieldPairCorr
  0.85FAHHX American Funds AmericanPairCorr
  0.85FTAHX American Funds AmericanPairCorr
  0.85AHTFX American High IncomePairCorr
  0.85AHTCX American High IncomePairCorr
  0.65JAAIX Alternative AssetPairCorr
  0.67GAFAX Asg Global AlternativesPairCorr
  0.73DRGTX Allianzgi TechnologyPairCorr
  0.64NWGSX Nationwide Highmark SmallPairCorr
  0.71FRAAX Franklin Growth OppoPairCorr
  0.77NSFKX Natixis SustainablePairCorr
  0.77JCE Nuveen Core EquityPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr

Moving against Fundvantage Mutual Fund

  0.45PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

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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   
PBBIXDCVCX
FGWMXPWJQX
FGWMXPBGIX
FGWMXPBBIX
PNPXXPBBIX
PWJQXPBGIX
  
High negative correlations   
PBGIXDCVCX
PBGIXPBBIX
PWJQXPBBIX
PWJQXDCVCX
PNPXXPWJQX
PNPXXSMGASX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DCVCX  0.65  0.15  0.04  1.07  0.54 
 1.69 
 4.10 
PBBIX  0.12  0.01 (0.70) 0.24  0.00 
 0.29 
 0.88 
PBGIX  0.56 (0.07) 0.00  1.03  0.00 
 1.26 
 4.41 
PCGXX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
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  0.72 (0.05)(0.10) 0.06  0.88 
 1.59 
 5.55 
FGWMX  0.23  0.01 (0.37) 0.50  0.22 
 0.47 
 1.65 
PNPXX  22.41  9.07  0.21  10.53  13.77 
 0.65 
 457.17