Power Income Correlations

Mutual Funds USA . 
Fund . Power Income Fund
The correlation of Power Income 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Power Mutual Fund

  1.0PWRAX Power IncomePairCorr
  0.64GTAAX Power Global TacticalPairCorr
  0.64GTAIX Power Global TacticalPairCorr
  0.84BSIKX Blackrock StrategicPairCorr
  0.75BSICX Blackrock Strategic OppsPairCorr
  0.8BASIX Blackrock Strategic OppsPairCorr
  0.87BSIIX Blackrock StrategicPairCorr
  0.81PMZCX Pimco Mortgage OpporPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.68VTSMX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.68VSTSX Vanguard Total StockPairCorr
  0.61VITSX Vanguard Total StockPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.64VFFSX Vanguard 500 IndexPairCorr

Moving against Power Mutual Fund

  0.35JSOCX Jpmorgan Strategic IncomePairCorr
  0.34JSOZX Jpmorgan Strategic IncomePairCorr
  0.34JSOSX Jpmorgan Strategic IncomePairCorr
  0.33JSOAX Jpmorgan Strategic IncomePairCorr
  0.32JSORX Jpmorgan Strategic IncomePairCorr
  0.5EAPCX Parametric ModityPairCorr
  0.39FEGIX First Eagle GoldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Power Mutual Fund performing well and Power Income 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 Power Income'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWRAX  0.20 (0.01) 0.00 (0.08) 0.00 
 0.00 
 0.34 
(0.45)
 1.35 
PWRCX  0.20 (0.02) 0.00 (0.27) 0.00 
 0.00 
 0.35 
(0.45)
 1.26 
PWRIX  0.20 (0.02) 0.00 (0.09) 0.00 
 0.00 
 0.34 
(0.45)
 1.35 
MOJCX  0.79  0.01  0.02 (0.02) 0.81 
(0.98)
 1.71 
(1.53)
 3.70 
MOJAX  0.78  0.01  0.02 (0.16) 0.81 
(0.94)
 1.73 
(1.52)
 3.65 
MOJOX  0.78  0.01  0.02 (0.03) 0.82 
(0.95)
 1.74 
(1.50)
 3.74 
FLOTX  0.06  0.01  0.14  3.72  0.00 
(0.11)
 0.10 
(0.10)
 0.31 
GTAAX  0.34  0.02  0.04  0.02  0.38 
(0.40)
 0.68 
(0.77)
 1.82 
GTAIX  0.34  0.02  0.05  0.03  0.37 
(0.40)
 0.77 
(0.77)
 1.82 
PWDAX  0.52  0.03  0.04 (0.31) 0.67 
(0.55)
 0.91 
(1.36)
 3.17 

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