Money Market Correlations

PCVXX Fund

1.00 0.00 0.00%

The current 90-days correlation between Money Market Obligations and Small Cap Stock is 0.02 (i.e., Significant diversification). The correlation of Money Market 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.

Money Market Correlation With Market

Good diversification

The correlation between Money Market Obligations and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Money Market Obligations 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 Money Market Obligations. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Money Money Market Fund

0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSMX	Vanguard Total Stock	Pair Corr
0.68	VITSX	Vanguard Total Stock	Pair Corr
0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.69	VFFSX	Vanguard 500 Index	Pair Corr
0.68	FTCAX	Templeton Strained Bond	Pair Corr
0.78	PYAIX	Payden Absolute Return	Pair Corr
0.8	PYARX	Payden Absolute Return	Pair Corr
0.74	BCAAX	Brandywineglobal C	Pair Corr
0.63	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.73	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.69	HPQ	HP Inc	Pair Corr

Moving against Money Money Market Fund

0.68	USPSX	Profunds Ultrashort	Pair Corr
0.68	USPIX	Profunds Ultrashort	Pair Corr
0.61	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.53	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.33	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	USCAX	FHYSX	BOSVX	TWRCX	SMPIX	LIOTX	VWEHX
USCAX		0.74	0.93	0.87	0.56	0.85	0.57	USCAX
FHYSX	0.74		0.67	0.72	0.42	0.63	0.84	FHYSX
BOSVX	0.93	0.67		0.86	0.54	0.83	0.5	BOSVX
TWRCX	0.87	0.72	0.86		0.73	0.89	0.49	TWRCX
SMPIX	0.56	0.42	0.54	0.73		0.69	-0.01	SMPIX
LIOTX	0.85	0.63	0.83	0.89	0.69		0.36	LIOTX
VWEHX	0.57	0.84	0.5	0.49	-0.01	0.36		VWEHX
	USCAX	FHYSX	BOSVX	TWRCX	SMPIX	LIOTX	VWEHX

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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

BOSVX	+ 0.93	USCAX
LIOTX	+ 0.89	TWRCX
TWRCX	+ 0.87	USCAX
TWRCX	+ 0.86	BOSVX
LIOTX	+ 0.85	USCAX
VWEHX	+ 0.84	FHYSX

High negative correlations

VWEHX

- 0.01

SMPIX

Risk-Adjusted Indicators

There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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
USCAX	0.89	0.11	0.00	0.68	0.79	(1.03)	2.07	(1.50)	7.45
FHYSX	0.13	0.02	(0.50)	(1.51)	0.00	(0.25)	0.34	(0.26)	0.86
BOSVX	0.93	(0.05)	0.03	0.10	0.69	(1.10)	2.11	(1.45)	8.98
TWRCX	0.66	0.11	0.07	0.29	0.73	(0.69)	1.65	(1.41)	5.36
SMPIX	2.41	0.41	0.08	15.85	2.97	(2.49)	4.64	(5.06)	17.06
LIOTX	0.59	0.14	0.04	0.94	0.47	(0.75)	1.25	(1.00)	3.36
VWEHX	0.10	0.01	(0.58)	1.47	0.00	(0.25)	0.18	(0.18)	0.74

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