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An investor can reduce portfolio risk simply by holding instruments which are not perfectly correlated. In other words, investors can reduce their exposure to individual asset risk by holding a diversified portfolio of assets. Diversification will allow for the same portfolio return with reduced risk.

About correlation table

Correlation table is a two-dimensional matrix that shows correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships.

About correlation cloud

Correlation cloud is a flat representation of correlation coefficients between pairs of securities. The links in the cloud are color-coded to highlight significantly positive and negative relationships.

To create correlation table or cloud specify valid comma-separated symbols and hit Build It button.

Please note, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) have recently merged. Although Macroaxis has implemented solutions to handle this transition gracefully, you may still find some securities that may not be fully transferred from one exchange to another.

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Correlation Analysis

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Generate output as Table Cloud

Specify valid comma-separated symbols | Check world markets correlations | Check portfolio equities correlations

Build Correlation

	FLPKX	FLPSX	VMCIX	VIMAX	VMISX	VMCPX	VIMSX	VEMSX	VEXAX	VEXMX
FLPKX		1.0	0.89	0.9	0.89	0.9	0.89	0.86	0.86	0.86
FLPSX	1.0		0.89	0.89	0.89	0.89	0.89	0.86	0.86	0.86
VMCIX	0.89	0.89		1.0	1.0	1.0	1.0	0.97	0.97	0.97
VIMAX	0.9	0.89	1.0		1.0	1.0	1.0	0.96	0.97	0.96
VMISX	0.89	0.89	1.0	1.0		1.0	1.0	0.96	0.96	0.96
VMCPX	0.9	0.89	1.0	1.0	1.0		1.0	0.97	0.97	0.96
VIMSX	0.89	0.89	1.0	1.0	1.0	1.0		0.96	0.96	0.96
VEMSX	0.86	0.86	0.97	0.96	0.96	0.97	0.96		1.0	1.0
VEXAX	0.86	0.86	0.97	0.97	0.96	0.97	0.96	1.0		1.0
VEXMX	0.86	0.86	0.97	0.96	0.96	0.96	0.96	1.0	1.0

Click cells to compare fundamentals

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Backtest As Portfolio

Evaluating the first 10 symbols. Please upgrade your account to plot more symbols

Correlation Matchups

High positive correlations

FLPSX	+ 1.0	FLPKX
VIMAX	+ 1.0	VMCIX
VMISX	+ 1.0	VMCIX
VMCPX	+ 1.0	VMCIX
VIMSX	+ 1.0	VMCIX
VMISX	+ 1.0	VIMAX
VMCPX	+ 1.0	VIMAX
VIMSX	+ 1.0	VIMAX

Insignificant Correlation

Not Found

High negative correlations

Not Found

Weakest Diversification

Strongest Diversification

Weakest Diversification

Assets performance indicators

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Information Ratio	Expected Shortfall	Potential Upside	Value At Risk	Maximum Drawdown
FLPKX	0.44	0.06	0.01	0.40	0.00	0.0048	(0.61)	0.99	(0.49)	1.61	Backtest
FLPSX	0.44	0.06	0.00	0.40	0.00	0.0046	(0.61)	0.99	(0.49)	1.61	Backtest
VMCIX	0.52	(0.02)	0.05	0.31	0.00	0.05	(0.72)	1.21	(0.70)	2.43	Backtest
VIMAX	0.51	(0.01)	0.05	0.31	0.00	0.06	(0.72)	1.20	(0.71)	2.39	Backtest
VMISX	0.52	(0.02)	0.05	0.31	0.00	0.05	(0.72)	1.19	(0.73)	2.39	Backtest
VMCPX	0.51	(0.01)	0.05	0.31	0.00	0.06	(0.72)	1.20	(0.71)	2.39	Backtest
VIMSX	0.51	(0.01)	0.05	0.31	0.00	0.05	(0.71)	1.17	(0.71)	2.36	Backtest
VEMSX	0.55	(0.04)	0.06	0.30	0.31	0.08	(0.77)	1.27	(0.47)	3.17	Backtest
VEXAX	0.55	(0.04)	0.06	0.30	0.30	0.08	(0.77)	1.27	(0.48)	3.17	Backtest
VEXMX	0.55	(0.04)	0.06	0.30	0.32	0.08	(0.77)	1.28	(0.48)	3.17	Backtest

About correlation table

About correlation cloud

Correlation Analysis

Correlation Matchups

High positive correlations

Insignificant Correlation

High negative correlations

Weakest Diversification

Strongest Diversification

Weakest Diversification

Assets performance indicators

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