VANGUARD VALUE Correlations

Mutual Funds . USA . 
Fund . VANGUARD VALUE INDEX
VIVAX Fund  USD 52.93  0.35  0.67%   
The correlation of VANGUARD VALUE 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 VALUE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VANGUARD VALUE INDEX 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 VALUE INDEX. 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 nation.
  
The ability to find closely correlated positions to VANGUARD VALUE 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 VALUE 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 VALUE - 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 VALUE INDEX to buy it.

Moving together with VANGUARD Mutual Fund

+0.88VIVIXVANGUARD VALUE INDEXPairCorr
+1.0VVIAXVANGUARD VALUE INDEXPairCorr
+0.9DODGXDODGE COX STOCKPairCorr
+0.82CMLCXAMERICAN MUTUAL FUNDPairCorr
+0.81RMFHXAMERICAN MUTUAL FUNDPairCorr
+0.88AMRFXAMERICAN MUTUAL FUNDPairCorr
+0.88FFMMXAmerican Funds AmericanPairCorr
+0.82AMFCXAMERICAN MUTUAL FUNDPairCorr
+0.81CMLAXAMERICAN MUTUAL FUNDPairCorr
+0.67XGEIXGuggenheim Energy IncomePairCorr
+0.69RYMEXCOMMODITIES STRATEGY FUNDPairCorr
+0.69RYMJXCOMMODITIES STRATEGY FUNDPairCorr
+0.69RYMBXCOMMODITIES STRATEGY FUNDPairCorr
+0.8BRUFXBRUCE FUND BRUCE Potential GrowthPairCorr
+0.78TARBXTOUCHSTONE ARBITRAGE FUNDPairCorr

Related Correlations

AMFCX
MSTSX
AMPL
AMFCX
0.92-0.45
AMFCX
MSTSX
0.92-0.47
MSTSX
AMPL
-0.45-0.47
AMPL
AMFCX
MSTSX
AMPL
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
MSTSX
+ 0.92
AMFCX
  
High negative correlations   
AMPL
- 0.47
MSTSX
AMPL
- 0.45
AMFCX

Risk-Adjusted Indicators

Nowadays, there is a big difference between VANGUARD Mutual Fund performing well and VANGUARD VALUE Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze VANGUARD VALUE's multiple risk-adjusted performance indicators. 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
At Risk		Maximum
Drawdown
AMFCX 0.56 (0.03)  0.00  4.94  0.00  0.0286  0.00  1.11 (1.23)  2.70 
MSTSX 0.63 (0.03)  0.00  0.37  0.00  0.0281  0.00  1.36 (1.44)  3.13 
AMPL 3.10  0.24  0.05  42.09  4.55  0.05 (3.66)  4.90 (6.31)  44.59 

Be your own money manager

Our tools can tell you how much better you can do entering a position in VANGUARD VALUE 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.

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The danger of trading VANGUARD VALUE INDEX 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 VALUE 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 VALUE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VANGUARD VALUE INDEX 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 VALUE INDEX. 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 nation. Note that the VANGUARD VALUE INDEX information on this page should be used as a complementary analysis to other VANGUARD VALUE'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for VANGUARD Mutual Fund analysis

When running VANGUARD VALUE's price analysis, check to measure VANGUARD VALUE'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 VALUE is operating at the current time. Most of VANGUARD VALUE's value examination focuses on studying past and present price action to predict the probability of VANGUARD VALUE'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 VALUE's price. Additionally, you may evaluate how the addition of VANGUARD VALUE to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between VANGUARD VALUE's value and its price as these two are different measures arrived at by different means. Investors typically determine if VANGUARD VALUE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VANGUARD VALUE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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