Value Fund Correlations

UIVAX Fund

USD 22.47 0.01 0.04%

The current 90-days correlation between Value Fund Value and Baird Smallmid Cap is 0.86 (i.e., Very poor diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Significant diversification

The correlation between Value Fund Value and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Value Fund Value. 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 nation.

Moving together with Value Mutual Fund

0.78	UICGX	Capital Growth	Pair Corr
0.66	UIHIX	High Income Fund	Pair Corr
0.93	UIGIX	Growth Income	Pair Corr
0.88	UIGRX	Growth Fund Growth	Pair Corr
0.94	UIISX	Income Stock	Pair Corr
0.87	UISCX	Small Cap Stock	Pair Corr
0.78	UIWGX	World Growth	Pair Corr
0.64	URHIX	High Income Fund	Pair Corr
0.86	URNQX	Nasdaq 100 Index	Pair Corr
0.68	URUSX	Ultra Short Term	Pair Corr
0.91	USPRX	Sp 500 Index	Pair Corr
0.84	UTMAX	Target Managed Allocation	Pair Corr
0.69	UUSIX	Ultra Short Term	Pair Corr
0.72	UGOFX	Global Managed Volatility	Pair Corr
0.87	UIAGX	Aggressive Growth	Pair Corr
0.98	VVIAX	Vanguard Value Index	Pair Corr
0.97	DOXGX	Dodge Cox Stock	Pair Corr
0.85	AFMFX	American Mutual	Pair Corr
0.9	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.85	AMRMX	American Mutual	Pair Corr
0.9	AMFFX	American Mutual	Pair Corr
0.89	AMFCX	American Mutual	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.92	VIVAX	Vanguard Value Index	Pair Corr
0.64	PFN	Pimco Income Strategy	Pair Corr

Moving against Value Mutual Fund

0.65	UIGSX	Government Securities	Pair Corr
0.65	UIITX	Intermediate Term Bond	Pair Corr
0.64	URIBX	Intermediate Term Bond	Pair Corr
0.64	URGSX	Government Securities	Pair Corr
0.62	UIINX	Income Fund Income	Pair Corr
0.62	URIFX	Income Fund Income	Pair Corr
0.39	UIIFX	International Fund	Pair Corr
0.52	XNXJX	Nuveen New Jersey	Pair Corr
0.52	XNBHX	Neuberger Berman Int	Pair Corr
0.35	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	BSGSX	QUAIX	IUSCX	QUAKX	VSTCX	ANORX	PMDDX	SCYVX
BSGSX		0.97	0.95	0.94	0.96	0.95	0.98	0.93	BSGSX
QUAIX	0.97		0.92	0.95	0.93	0.93	0.95	0.89	QUAIX
IUSCX	0.95	0.92		0.87	0.94	0.91	0.96	0.99	IUSCX
QUAKX	0.94	0.95	0.87		0.96	0.98	0.91	0.84	QUAKX
VSTCX	0.96	0.93	0.94	0.96		0.98	0.95	0.92	VSTCX
ANORX	0.95	0.93	0.91	0.98	0.98		0.93	0.89	ANORX
PMDDX	0.98	0.95	0.96	0.91	0.95	0.93		0.96	PMDDX
SCYVX	0.93	0.89	0.99	0.84	0.92	0.89	0.96		SCYVX
	BSGSX	QUAIX	IUSCX	QUAKX	VSTCX	ANORX	PMDDX	SCYVX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Value Fund'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
BSGSX	0.79	0.17	0.08	0.80	0.83	(0.87)	1.90	(1.52)	5.09
QUAIX	0.93	0.16	0.06	0.84	1.02	(1.00)	1.92	(2.14)	6.76
IUSCX	0.98	0.09	0.00	0.61	1.00	(1.20)	2.29	(1.69)	8.00
QUAKX	0.94	0.02	0.05	0.13	1.03	(0.97)	1.92	(2.15)	6.77
VSTCX	0.86	0.00	0.05	0.11	0.84	(0.95)	1.81	(1.52)	6.89
ANORX	0.85	(0.01)	0.03	0.11	0.89	(0.95)	2.01	(1.48)	6.17
PMDDX	0.72	0.12	0.02	1.58	0.66	(0.86)	1.61	(1.31)	5.22
SCYVX	0.93	0.09	(0.01)	0.92	0.98	(1.04)	1.95	(1.46)	7.36

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