Usa Mutuals Correlations

UNAVX Fund

USD 27.05 0.06 0.22%

The current 90-days correlation between Usa Mutuals Navigator and Usa Mutuals Vice is 0.07 (i.e., Significant diversification). The correlation of Usa Mutuals 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.

Usa Mutuals Correlation With Market

Average diversification

The correlation between Usa Mutuals Navigator and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usa Mutuals Navigator 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 Usa Mutuals Navigator. 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 real.

Moving together with Usa Mutual Fund

0.67

SNWAX

Snow Capital Small

Pair Corr

Moving against Usa Mutual Fund

0.36	PAUIX	Pimco All Asset	Pair Corr
0.35	PAUPX	Pimco All Asset	Pair Corr
0.45	VGTSX	Vanguard Total Inter	Pair Corr
0.45	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	UNAVX	VICCX	VICAX	EOD	FGB	FCNTX	TWN	VIGIX	DODGX	FTQGX
UNAVX		0.44	0.39	0.05	0.34	0.7	-0.21	0.38	0.75	0.71	UNAVX
VICCX	0.44		0.88	-0.12	-0.34	0.14	-0.31	-0.27	0.18	0.23	VICCX
VICAX	0.39	0.88		-0.13	-0.39	0.1	-0.22	-0.29	0.22	0.17	VICAX
EOD	0.05	-0.12	-0.13		0.59	0.47	0.36	0.62	0.29	0.42	EOD
FGB	0.34	-0.34	-0.39	0.59		0.71	0.07	0.9	0.63	0.61	FGB
FCNTX	0.7	0.14	0.1	0.47	0.71		0.09	0.83	0.84	0.9	FCNTX
TWN	-0.21	-0.31	-0.22	0.36	0.07	0.09		0.23	-0.15	0.05	TWN
VIGIX	0.38	-0.27	-0.29	0.62	0.9	0.83	0.23		0.72	0.71	VIGIX
DODGX	0.75	0.18	0.22	0.29	0.63	0.84	-0.15	0.72		0.81	DODGX
FTQGX	0.71	0.23	0.17	0.42	0.61	0.9	0.05	0.71	0.81		FTQGX
	UNAVX	VICCX	VICAX	EOD	FGB	FCNTX	TWN	VIGIX	DODGX	FTQGX

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

VIGIX	+ 0.9	FGB
FTQGX	+ 0.9	FCNTX
VICAX	+ 0.88	VICCX
DODGX	+ 0.84	FCNTX
VIGIX	+ 0.83	FCNTX
FTQGX	+ 0.81	DODGX

High negative correlations

FGB	- 0.39	VICAX
FGB	- 0.34	VICCX
TWN	- 0.31	VICCX
VIGIX	- 0.29	VICAX
VIGIX	- 0.27	VICCX
TWN	- 0.22	VICAX

Risk-Adjusted Indicators

There is a big difference between Usa Mutual Fund performing well and Usa Mutuals 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 Usa Mutuals' 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
UNAVX	0.17	(0.02)	0.00	(0.20)	0.00	0.00	0.40	(0.29)	3.72
VICCX	0.59	(0.05)	0.00	(1.33)	0.00	0.00	1.22	(1.06)	4.87
VICAX	0.59	(0.09)	0.00	(0.11)	0.00	0.00	1.24	(1.07)	4.69
EOD	0.50	0.02	(0.01)	0.11	0.48	(0.67)	1.24	(1.02)	3.09
FGB	0.59	0.09	0.05	0.57	0.62	(0.70)	1.41	(1.23)	3.28
FCNTX	0.61	0.08	0.02	0.78	0.96	(0.58)	1.38	(1.34)	5.65
TWN	1.03	0.12	0.05	3.21	1.11	(1.13)	2.14	(1.93)	6.38
VIGIX	0.65	0.15	0.14	0.27	0.63	(0.67)	1.64	(1.40)	5.19
DODGX	0.48	(0.03)	(0.08)	0.02	0.47	(0.56)	0.94	(0.85)	4.31
FTQGX	0.84	0.03	(0.01)	0.17	1.85	(0.76)	1.49	(1.75)	11.60

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