Quantified Common Correlations

Mutual Funds . USA . 
Fund . Quantified Common Ground
QCGDX Fund  USD 16.78  0.04  0.24%   
The current 90-days correlation between Quantified Common Ground and Western Asset Diversified is 0.01 (i.e., Significant diversification). The correlation of Quantified Common 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.

Quantified Common Correlation With Market

Very poor diversification

The correlation between Quantified Common Ground and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Common Ground 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 Quantified Common Ground. 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 unemployment.

Moving together with Quantified Mutual Fund

  0.77SAPEX Spectrum AdvisorsPairCorr
  0.92QMLAX Quantified Market LeadersPairCorr
  0.92QMLFX Quantified Market LeadersPairCorr
  0.79SFHYX Hundredfold SelectPairCorr
  0.96QRDTX Quantified RisingPairCorr
  0.82QALAX Quantified AlternativePairCorr
  0.85QALTX Quantified AlternativePairCorr
  0.78QSPMX Quantified PatternPairCorr
  0.9QTSSX Quantified TacticalPairCorr
  0.74QEVOX Quantified Evolution PlusPairCorr
  0.75KAMAX Kensington Managed IncomePairCorr
  0.74KAMCX Kensington Managed IncomePairCorr
  0.76KAMIX Kensington Managed IncomePairCorr
  0.94VIMAX Vanguard Mid CapPairCorr
  0.94VIMSX Vanguard Mid CapPairCorr
  0.94VMCPX Vanguard Mid CapPairCorr
  0.94VMCIX Vanguard Mid CapPairCorr
  0.91VEXAX Vanguard Extended MarketPairCorr
  0.91VEMPX Vanguard Extended MarketPairCorr
  0.91VIEIX Vanguard Extended MarketPairCorr
  0.91VSEMX Vanguard Extended MarketPairCorr
  0.91VEXMX Vanguard Extended MarketPairCorr
  0.91FSMAX Fidelity Extended MarketPairCorr
  0.81LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.81LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.81LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.81WWNPX Kinetics Paradigm Steady GrowthPairCorr

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   
VTMNX
+ 0.99
CDHIX
EMSLX
+ 0.91
PIEFX
VTMNX
+ 0.74
XWDIX
CDHIX
+ 0.7
XWDIX
EMSLX
+ 0.57
CDHIX
EMSLX
+ 0.54
VTMNX
  
High negative correlations   
QNZIX
- 0.4
XWDIX
QNZIX
- 0.34
VTMNX
QNZIX
- 0.26
CDHIX
PIEFX
- 0.22
XWDIX

Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Common 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 Quantified Common'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.

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