Vanguard Explorer Correlations
| VEXPX Fund | USD 101.42 0.45 0.45% |
The correlation of Vanguard Explorer is a statistical measure of how it moves in relation to other equities. 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 Vanguard Explorer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Explorer Fund 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Explorer Fund. 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 persons. Vanguard |
The ability to find closely correlated positions to Vanguard Explorer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Explorer 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 Vanguard Explorer - 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 Vanguard Explorer Fund to buy it.
Moving together with Vanguard Mutual Fund
| + | 0.98 | VMIAX | Vanguard Materials Index | PairCorr | ||
| + | 0.63 | VMNVX | Vanguard Global Minimum | PairCorr | ||
| + | 0.93 | VMMSX | Vanguard Emerging Markets | PairCorr | ||
| + | 0.96 | VMVAX | Vanguard Mid-cap Value | PairCorr | ||
| + | 0.96 | VMVIX | Vanguard Mid-cap Value | PairCorr | ||
| + | 0.64 | VMVFX | Vanguard Global Minimum | PairCorr | ||
| + | 0.93 | VMVLX | Vanguard Mega Cap | PairCorr | ||
| + | 0.83 | VNJUX | Vanguard New Jersey | PairCorr | ||
| + | 0.84 | VNJTX | Vanguard New Jersey | PairCorr | ||
| + | 0.83 | VNYTX | Vanguard New York | PairCorr | ||
| + | 0.8 | VNYUX | Vanguard New York | PairCorr | ||
| + | 0.84 | VOHIX | Vanguard Ohio Long-term | PairCorr | ||
| + | 0.88 | VPADX | Vanguard Pacific Stock | PairCorr | ||
| + | 0.88 | VPACX | Vanguard Pacific Stock | PairCorr | ||
| + | 0.87 | VPCCX | Vanguard Primecap Core | PairCorr | ||
| + | 0.83 | VPALX | Vanguard Pennsylvania | PairCorr |
Moving against Vanguard Mutual Fund
Related Correlations Analysis
VMIAX | VMLUX | VMLTX | VMNVX | VMMSX | VMNIX | VMNFX | VMVLX | VSCSX | VSGAX | ||
VMIAX | 0.67 | 0.67 | 0.72 | 0.95 | -0.5 | -0.52 | 0.94 | 0.45 | 0.95 | VMIAX | |
VMLUX | 0.67 | 0.98 | 0.9 | 0.76 | 0.11 | 0.1 | 0.73 | 0.86 | 0.49 | VMLUX | |
VMLTX | 0.67 | 0.98 | 0.9 | 0.75 | 0.11 | 0.09 | 0.71 | 0.9 | 0.49 | VMLTX | |
VMNVX | 0.72 | 0.9 | 0.9 | 0.81 | 0.03 | 0.01 | 0.82 | 0.79 | 0.54 | VMNVX | |
VMMSX | 0.95 | 0.76 | 0.75 | 0.81 | -0.41 | -0.43 | 0.96 | 0.52 | 0.89 | VMMSX | |
VMNIX | -0.5 | 0.11 | 0.11 | 0.03 | -0.41 | 0.98 | -0.44 | 0.39 | -0.66 | VMNIX | |
VMNFX | -0.52 | 0.1 | 0.09 | 0.01 | -0.43 | 0.98 | -0.47 | 0.37 | -0.69 | VMNFX | |
VMVLX | 0.94 | 0.73 | 0.71 | 0.82 | 0.96 | -0.44 | -0.47 | 0.46 | 0.89 | VMVLX | |
VSCSX | 0.45 | 0.86 | 0.9 | 0.79 | 0.52 | 0.39 | 0.37 | 0.46 | 0.21 | VSCSX | |
VSGAX | 0.95 | 0.49 | 0.49 | 0.54 | 0.89 | -0.66 | -0.69 | 0.89 | 0.21 | VSGAX | |
VMIAX | VMLUX | VMLTX | VMNVX | VMMSX | VMNIX | VMNFX | VMVLX | VSCSX | VSGAX |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard Explorer 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 Vanguard Explorer'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| VMIAX | 0.79 | 0.00 | 0.00 | 0.00 | 1.11 | (0.0014) | (0.74) | 1.70 | (1.75) | 4.37 | |
| VMLUX | 0.10 | 0.01 | 0.05 | 0.24 | 0.00 | 0.06 | (0.16) | 0.29 | (0.28) | 0.57 | |
| VMLTX | 0.11 | 0.02 | 0.07 | 0.31 | 0.00 | 0.1 | (0.17) | 0.29 | (0.28) | 0.66 | |
| VMNVX | 0.39 | 0.01 | 0.02 | 0.02 | 0.47 | 0.0249 | (0.39) | 0.79 | (0.78) | 1.97 | |
| VMMSX | 0.69 | (0.02) | 0.00 | (0.02) | 0.00 | (0.0196) | 0.00 | 1.43 | (1.40) | 3.07 | |
| VMNIX | 0.33 | 0.09 | 0.21 | (3.03) | 0.09 | 0.20 | (0.39) | 0.79 | (0.59) | 1.77 | |
| VMNFX | 0.33 | 0.08 | 0.20 | (0.51) | 0.13 | 0.19 | (0.41) | 0.77 | (0.59) | 1.62 | |
| VMVLX | 0.54 | 0.00 | (0.01) | 0.00 | 0.62 | (0.005) | (0.58) | 1.17 | (0.90) | 3.19 | |
| VSCSX | 0.16 | 0.02 | 0.12 | 0.31 | 0.00 | 0.11 | (0.20) | 0.39 | (0.29) | 0.89 | |
| VSGAX | 0.99 | (0.04) | 0.00 | (0.03) | 0.00 | (0.0316) | 0.00 | 1.96 | (2.26) | 5.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vanguard Explorer 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?
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Already Invested in Vanguard Explorer Fund?
The danger of trading Vanguard Explorer Fund 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 Vanguard Explorer 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 Vanguard Explorer. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard Explorer Fund 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Explorer Fund. 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 persons. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Vanguard Mutual Fund analysis
When running Vanguard Explorer's price analysis, check to measure Vanguard Explorer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vanguard Explorer is operating at the current time. Most of Vanguard Explorer's value examination focuses on studying past and present price action to predict the probability of Vanguard Explorer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vanguard Explorer's price. Additionally, you may evaluate how the addition of Vanguard Explorer to your portfolios can decrease your overall portfolio volatility.
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