Philotimo Focused Correlations

PHLOX Fund

USD 10.94 0.03 0.27%

The current 90-days correlation between Philotimo Focused Growth and Ave Maria Value is 0.34 (i.e., Weak diversification). The correlation of Philotimo Focused 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.

Philotimo Focused Correlation With Market

Average diversification

The correlation between Philotimo Focused Growth and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Philotimo Focused Growth 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 Philotimo Focused Growth. 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 persons.

Moving together with Philotimo Mutual Fund

0.81	TFBRX	American Beacon Twen	Pair Corr
0.91	BGGKX	Equity Growth	Pair Corr
0.79	PCBAX	Blackrock Tactical	Pair Corr
0.87	BTCYX	Cboe Vest Bitcoin	Pair Corr
0.77	COAGX	Caldwell Orkin Market	Pair Corr
0.73	FCSZX	Franklin Vertible	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.68	FDHCX	First Trust Short	Pair Corr
0.69	EGLAX	Eagle Mlp Strategy	Pair Corr
0.94	NLSAX	Neuberger Berman Long	Pair Corr
0.9	FULLX	Federated Hermes Ult	Pair Corr
0.92	IGEAX	Vy T Rowe	Pair Corr
0.83	ABRUX	Americafirst Monthly	Pair Corr
0.91	TFAIX	T Rowe Price	Pair Corr
0.79	FATIX	Fidelity Advisor Tec	Pair Corr
0.87	UINQX	Usaa Nasdaq 100	Pair Corr
0.84	ADKSX	Adirondack Small Cap	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.92	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.93	VIGIX	Vanguard Growth Index	Pair Corr
0.8	AMGOX	Alger Mid Cap	Pair Corr

Moving against Philotimo Mutual Fund

0.65	NHS	Neuberger Berman High	Pair Corr
0.45	IFACX	Income Fund	Pair Corr
0.45	RIDBX	Income Fund	Pair Corr
0.45	CIMCX	Income Fund	Pair Corr
0.44	IFAFX	Income Fund	Pair Corr
0.44	CIMEX	Income Fund	Pair Corr
0.43	AMECX	Income Fund	Pair Corr
0.43	RIDFX	Income Fund	Pair Corr
0.43	CIMFX	Income Fund	Pair Corr
0.4	PFHCX	Pacific Funds Small	Pair Corr
0.38	FFIFX	American Funds	Pair Corr
0.38	FAIFX	American Funds	Pair Corr

Related Correlations Analysis

	PHLOX	AVEMX	IMLXX	PFRIX	BDFUX	ALBAX	NOM	RYPIX	VWUAX	VTSMX
PHLOX		0.46	0.22	0.7	0.81	0.85	0.72	0.81	0.82	0.82	PHLOX
AVEMX	0.46		0.39	0.76	0.87	0.61	-0.13	0.82	0.72	0.81	AVEMX
IMLXX	0.22	0.39		0.6	0.29	0.28	0.06	0.22	0.28	0.33	IMLXX
PFRIX	0.7	0.76	0.6		0.83	0.68	0.23	0.81	0.75	0.81	PFRIX
BDFUX	0.81	0.87	0.29	0.83		0.85	0.3	0.96	0.91	0.97	BDFUX
ALBAX	0.85	0.61	0.28	0.68	0.85		0.51	0.83	0.92	0.94	ALBAX
NOM	0.72	-0.13	0.06	0.23	0.3	0.51		0.31	0.38	0.37	NOM
RYPIX	0.81	0.82	0.22	0.81	0.96	0.83	0.31		0.89	0.94	RYPIX
VWUAX	0.82	0.72	0.28	0.75	0.91	0.92	0.38	0.89		0.96	VWUAX
VTSMX	0.82	0.81	0.33	0.81	0.97	0.94	0.37	0.94	0.96		VTSMX
	PHLOX	AVEMX	IMLXX	PFRIX	BDFUX	ALBAX	NOM	RYPIX	VWUAX	VTSMX

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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

VTSMX	+ 0.97	BDFUX
RYPIX	+ 0.96	BDFUX
VTSMX	+ 0.96	VWUAX
VTSMX	+ 0.94	ALBAX
VTSMX	+ 0.94	RYPIX
VWUAX	+ 0.92	ALBAX

High negative correlations

NOM

- 0.13

AVEMX

Risk-Adjusted Indicators

There is a big difference between Philotimo Mutual Fund performing well and Philotimo Focused 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 Philotimo Focused'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
PHLOX	0.93	0.33	0.23	1.39	0.81	(1.11)	2.48	(1.35)	11.31
AVEMX	0.87	0.07	0.05	0.15	1.07	(0.93)	2.11	(1.62)	8.77
IMLXX	0.03	0.01	0.00	3.54	0.00	0.00	0.00	0.00	1.01
PFRIX	0.06	0.02	0.00	4.51	0.00	0.00	0.11	(0.11)	0.89
BDFUX	0.93	0.12	0.08	0.43	1.12	(0.98)	1.84	(1.82)	8.45
ALBAX	0.55	0.04	0.03	0.89	0.79	(0.53)	1.00	(1.02)	5.02
NOM	0.98	0.11	0.06	0.86	1.15	(1.05)	1.86	(2.18)	9.31
RYPIX	0.91	0.10	0.06	3.82	1.15	(0.88)	1.90	(1.75)	8.28
VWUAX	0.86	0.05	0.02	0.75	1.78	(0.77)	1.63	(1.54)	10.90
VTSMX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.94

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