Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund R5
AVUGX Fund  USD 8.64  0.03  0.35%   
The current 90-days correlation between Value Fund R5 and Origin Emerging Markets is -0.11 (i.e., Good 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

Very poor diversification

The correlation between Value Fund R5 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund R5 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Value Fund R5. 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 price.

Moving together with Value Mutual Fund

  0.95AMDVX Mid Cap ValuePairCorr
  0.92AMGIX Income GrowthPairCorr
  0.71TWCAX Select Fund APairCorr
  0.68TWCIX Select Fund InvestorPairCorr
  0.71TWCGX Growth Fund InvestorPairCorr
  0.62TWBIX Balanced Fund InvestorPairCorr
  0.93TWEIX Equity IncomePairCorr
  0.74TWCUX Ultra Fund InvestorPairCorr
  0.71TWGIX Growth Fund IPairCorr
  0.84TWHIX Heritage Fund InvestorPairCorr
  0.71TWRCX Growth Fund CPairCorr
  0.66TWSCX Strategic AllocationPairCorr
  0.8TWSAX Strategic AllocationPairCorr
  0.76TWSMX Strategic AllocationPairCorr
  0.71TWSIX Select Fund IPairCorr
  0.93TWVLX Value Fund InvestorPairCorr
  0.74TWUAX Ultra Fund APairCorr
  0.74TWUIX Ultra Fund IPairCorr
  0.87ANOIX Small Cap GrowthPairCorr
  0.91ANOCX Small Cap GrowthPairCorr
  0.91ANOYX Small Cap GrowthPairCorr
  0.8AOGIX One Choice PortfolioPairCorr
  0.63AOMIX One Choice PortfolioPairCorr
  0.81AOVIX One Choice PortfolioPairCorr

Moving against Value Mutual Fund

  0.65TWACX Short Term GovernmentPairCorr
  0.64TWARX Short Term GovernmentPairCorr
  0.56TWIEX International GrowthPairCorr
  0.34TWMIX Emerging MarketsPairCorr
  0.58TWUSX Short Term GovernmentPairCorr
  0.56TGRIX International GrowthPairCorr
  0.51ANTMX Nt International SmallPairCorr
  0.32APOCX Short Duration InflationPairCorr

Related Correlations Analysis

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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   
EPASX
+ 0.93
EMSLX
EPASX
+ 0.87
POEIX
EMSLX
+ 0.76
POEIX
TRMIX
+ 0.7
KMKCX
EMSLX
+ 0.5
CDHIX
EPASX
+ 0.49
CDHIX
  
High negative correlations   
KMKCX
- 0.79
CDHIX
EMSLX
- 0.53
KMKCX
EPASX
- 0.48
KMKCX
TRMIX
- 0.39
CDHIX
EPASX
- 0.32
TRMIX
EMSLX
- 0.31
TRMIX

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.

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