Evaluator Aggressive Correlations
EVAGX Fund | USD 12.72 0.08 0.63% |
The correlation of Evaluator Aggressive 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evaluator Aggressive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evaluator Aggressive Rms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Almost no diversification
The correlation between Evaluator Aggressive Rms and NYA is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Aggressive Rms and NYA in the same portfolio, assuming nothing else is changed.
Evaluator |
The ability to find closely correlated positions to Evaluator Aggressive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evaluator Aggressive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evaluator Aggressive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evaluator Aggressive Rms to buy it.
Moving together with Evaluator Mutual Fund
0.98 | EVFTX | Evaluator Tactically | PairCorr |
0.99 | EVFMX | Evaluator Moderate Rms | PairCorr |
1.0 | EVFGX | Evaluator Aggressive Rms | PairCorr |
0.94 | EVFCX | Evaluator Conservative | PairCorr |
1.0 | EVGRX | Evaluator Growth Rms | PairCorr |
1.0 | EVGLX | Evaluator Growth Rms | PairCorr |
0.99 | EVMLX | Evaluator Moderate Rms | PairCorr |
0.98 | EVTTX | Evaluator Tactically | PairCorr |
0.65 | EVVLX | Evaluator Very Conse | PairCorr |
0.63 | EVVCX | Evaluator Very Conse | PairCorr |
0.97 | CGRGX | American Funds Growth | PairCorr |
0.97 | FPGGX | American Funds Growth | PairCorr |
0.97 | FGPGX | American Funds Growth | PairCorr |
0.97 | MUTHX | Franklin Mutual Shares | PairCorr |
0.96 | TESRX | Franklin Mutual Shares | PairCorr |
0.97 | FMSHX | Franklin Mutual Shares | PairCorr |
0.97 | GWPCX | American Funds Growth | PairCorr |
0.97 | GWPFX | American Funds Growth | PairCorr |
0.97 | GWPAX | American Funds Growth | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Evaluator Mutual Fund performing well and Evaluator Aggressive 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 Evaluator Aggressive'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EVFTX | 0.25 | (0.02) | (0.13) | 0.04 | 0.30 | 0.50 | 1.59 | |||
EVGRX | 0.44 | (0.02) | (0.04) | 0.06 | 0.58 | 0.92 | 2.88 | |||
EVGLX | 0.43 | (0.01) | (0.04) | 0.06 | 0.56 | 0.89 | 2.91 | |||
EVMLX | 0.35 | (0.02) | (0.07) | 0.06 | 0.43 | 0.70 | 2.45 | |||
EVTTX | 0.25 | (0.02) | (0.13) | 0.04 | 0.30 | 0.51 | 1.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Evaluator Aggressive without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
All Next | Launch Module |
Already Invested in Evaluator Aggressive Rms?
The danger of trading Evaluator Aggressive Rms is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Evaluator Aggressive is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Evaluator Aggressive. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Evaluator Aggressive Rms is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Aggressive Rms. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Evaluator Aggressive Rms information on this page should be used as a complementary analysis to other Evaluator Aggressive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.