Paradigm Select Correlations

PFSLX Fund

USD 84.73 0.31 0.37%

The current 90-days correlation between Paradigm Select and Paradigm Value Fund is 0.88 (i.e., Very poor diversification). The correlation of Paradigm Select 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.

Paradigm Select Correlation With Market

Significant diversification

The correlation between Paradigm Select Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradigm Select Fund 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 Paradigm Select Fund. 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 bureau of economic analysis.

Moving together with Paradigm Mutual Fund

0.95	PVFAX	Paradigm Value	Pair Corr
0.89	PVIVX	Paradigm Micro Cap	Pair Corr
0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	VIMSX	Vanguard Mid Cap	Pair Corr
0.88	VMCPX	Vanguard Mid Cap	Pair Corr
0.85	VMCIX	Vanguard Mid Cap	Pair Corr
0.89	VEXAX	Vanguard Extended Market	Pair Corr
0.85	VEMPX	Vanguard Extended Market	Pair Corr
0.89	VIEIX	Vanguard Extended Market	Pair Corr
0.85	VSEMX	Vanguard Extended Market	Pair Corr
0.85	VEXMX	Vanguard Extended Market	Pair Corr
0.89	FSMAX	Fidelity Extended Market	Pair Corr
0.83	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.79	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.79	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	LSHUX	Horizon Spin Off	Pair Corr
0.76	EMO	Clearbridge Energy Mlp	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.82	NOIEX	Northern Income Equity	Pair Corr
0.85	PXSAX	Pax Small Cap	Pair Corr
0.89	CIPMX	Champlain Mid Cap	Pair Corr
0.87	FESMX	First Eagle Smid	Pair Corr
0.93	LIGFX	Lord Abbett Diversified	Pair Corr
0.71	JVLIX	John Hancock Disciplined	Pair Corr
0.87	ETFAX	Stadion Tactical Growth	Pair Corr
0.82	FGB	First Trust Specialty	Pair Corr
0.86	VFORX	Vanguard Target Reti	Pair Corr
0.81	QBNAX	Pear Tree Polaris	Pair Corr
0.85	DUSLX	Dfa Large	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.74	RNNEX	New Economy Fund	Pair Corr
0.82	VIGAX	Vanguard Growth Index	Pair Corr
0.85	AOFYX	Alger Small Cap	Pair Corr

Related Correlations Analysis

	PVFAX	NESGX	PARWX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
PVFAX		0.88	0.42	0.0	0.54	0.77	0.68	0.79	0.68	0.68	PVFAX
NESGX	0.88		0.28	0.0	0.53	0.72	0.6	0.75	0.61	0.62	NESGX
PARWX	0.42	0.28		0.0	0.19	0.14	0.2	0.14	0.19	0.31	PARWX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.54	0.53	0.19	0.0		0.55	-0.03	0.73	0.13	0.15	MSTSX
LBHIX	0.77	0.72	0.14	0.0	0.55		0.51	0.8	0.59	0.4	LBHIX
VIASP	0.68	0.6	0.2	0.0	-0.03	0.51		0.35	0.88	0.72	VIASP
RRTLX	0.79	0.75	0.14	0.0	0.73	0.8	0.35		0.47	0.21	RRTLX
OSHDF	0.68	0.61	0.19	0.0	0.13	0.59	0.88	0.47		0.65	OSHDF
70082LAB3	0.68	0.62	0.31	0.0	0.15	0.4	0.72	0.21	0.65		70082LAB3
	PVFAX	NESGX	PARWX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NESGX	+ 0.88	PVFAX
OSHDF	+ 0.88	VIASP
RRTLX	+ 0.8	LBHIX
RRTLX	+ 0.79	PVFAX
LBHIX	+ 0.77	PVFAX
RRTLX	+ 0.75	NESGX

High negative correlations

VIASP	- 0.03	MSTSX
70082LAB3	- 0.0	AQUI
OSHDF	- 0.0	AQUI
RRTLX	- 0.0	AQUI
VIASP	- 0.0	AQUI
LBHIX	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Paradigm Mutual Fund performing well and Paradigm Select 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 Paradigm Select'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
PVFAX	0.86	0.11	0.05	0.68	0.83	(0.96)	1.94	(1.71)	6.74
NESGX	1.23	0.05	0.06	0.11	1.12	(1.51)	2.49	(2.25)	6.76
PARWX	0.59	(0.09)	0.00	(0.04)	0.00	0.00	1.17	(0.93)	7.86
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	0.04	(0.07)	1.56	0.43	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.00	(0.29)	0.08	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.75	0.13	0.04	(2.07)	1.06	(0.84)	2.28	(1.20)	7.18
RRTLX	0.22	0.01	(0.22)	0.20	0.21	(0.25)	0.48	(0.47)	1.36
OSHDF	39.65	21.76	0.00	(0.92)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.66	0.08	0.00	1.35	0.95	(0.79)	1.75	(0.78)	6.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC