Vulcan Value Correlations

VVPSX Fund

USD 12.65 0.05 0.39%

The current 90-days correlation between Vulcan Value Partners and Alger Health Sciences is -0.03 (i.e., Good diversification). The correlation of Vulcan Value 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.

Vulcan Value Correlation With Market

Average diversification

The correlation between Vulcan Value Partners and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vulcan Value Partners 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 Vulcan Value Partners. 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 state.

Moving together with Vulcan Mutual Fund

0.87	VVISX	Vulcan Value Partners	Pair Corr
0.7	BTMPX	Ishares Msci Eafe	Pair Corr
0.77	BTMKX	Blackrock International	Pair Corr
0.7	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Vulcan Mutual Fund

0.45	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.45	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.45	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.45	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.37	COGVX	Cognios Large Cap	Pair Corr
0.33	FGRIX	Fidelity Growth Income	Pair Corr
0.42	WAMIX	Wstcm Credit Select	Pair Corr
0.42	CLM	Cornerstone Strategic	Pair Corr
0.35	CRF	Cornerstone Strategic	Pair Corr
0.32	WCPSX	Mobile Telecommunicatio	Pair Corr
0.32	VAADX	Virtus Convertible	Pair Corr

Related Correlations Analysis

	AHSCX	LHCCX	SCHLX	ETAHX	PHLAX	GGHYX	HIAHX
AHSCX		0.89	0.27	0.67	0.6	0.25	0.22	AHSCX
LHCCX	0.89		0.28	0.7	0.61	0.27	0.22	LHCCX
SCHLX	0.27	0.28		0.58	0.89	0.99	0.99	SCHLX
ETAHX	0.67	0.7	0.58		0.78	0.54	0.55	ETAHX
PHLAX	0.6	0.61	0.89	0.78		0.86	0.87	PHLAX
GGHYX	0.25	0.27	0.99	0.54	0.86		0.99	GGHYX
HIAHX	0.22	0.22	0.99	0.55	0.87	0.99		HIAHX
	AHSCX	LHCCX	SCHLX	ETAHX	PHLAX	GGHYX	HIAHX

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Risk-Adjusted Indicators

There is a big difference between Vulcan Mutual Fund performing well and Vulcan Value 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 Vulcan Value'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
AHSCX	0.55	(0.06)	(0.17)	(0.02)	0.70	(0.57)	0.82	(1.17)	4.55
LHCCX	0.74	(0.09)	(0.11)	0.00	0.97	(0.83)	1.50	(1.45)	5.15
SCHLX	0.53	(0.10)	0.00	(0.60)	0.00	0.00	0.89	(1.16)	3.08
ETAHX	1.05	(0.14)	0.00	(0.01)	0.00	0.00	2.27	(2.28)	7.54
PHLAX	0.65	(0.15)	0.00	(0.12)	0.00	0.00	1.04	(1.38)	5.07
GGHYX	0.60	(0.11)	0.00	(0.45)	0.00	0.00	0.93	(1.27)	3.73
HIAHX	0.63	(0.14)	0.00	(0.61)	0.00	0.00	0.91	(1.54)	3.83

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