Cliffwater Enhanced Correlations

CELFX
 Fund
  

USD 10.72  0.01  0.09%   

The correlation of Cliffwater Enhanced 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 Cliffwater Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cliffwater Enhanced Lending 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.
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The ability to find closely correlated positions to Cliffwater Enhanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cliffwater Enhanced 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 Cliffwater Enhanced - 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 Cliffwater Enhanced Lending to buy it.

Moving together with Cliffwater Enhanced

+0.67VTSNXVANGUARD TOTAL INTERPairCorr
+0.67VTISXVANGUARD TOTAL INTERPairCorr
+0.78LSVQXLSV SMALL CAPPairCorr
+0.7HWGAXHOTCHKIS WILEY GLOBALPairCorr
+0.65SFPIXFINANCIAL SERVICES Downward RallyPairCorr
+0.77FNARXFidelity Natural ResPairCorr
+0.7PFHCXPACIFIC FUNDS SMALL-CAPPairCorr
+0.97ATVAXATHENA VALUE FUNDPairCorr

Related Correlations

VSTSX
VSMPX
VTSAX
VTSMX
VITSX
VFINX
VFFSX
VFIAX
VSTSX
1.00.90.91.00.90.90.9
VSTSX
VSMPX
1.00.90.91.00.90.90.9
VSMPX
VTSAX
0.90.91.00.91.01.01.0
VTSAX
VTSMX
0.90.91.00.91.01.01.0
VTSMX
VITSX
1.01.00.90.90.90.90.9
VITSX
VFINX
0.90.91.01.00.91.01.0
VFINX
VFFSX
0.90.91.01.00.91.01.0
VFFSX
VFIAX
0.90.91.01.00.91.01.0
VFIAX
VSTSX
VSMPX
VTSAX
VTSMX
VITSX
VFINX
VFFSX
VFIAX
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   
VSMPXVSTSX
VITSXVSTSX
VITSXVSMPX
VTSMXVTSAX
VFINXVTSAX
VFFSXVTSAX
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between Cliffwater Mutual Fund performing well and Cliffwater Enhanced 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 Cliffwater Enhanced'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cliffwater Enhanced 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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Invested in Cliffwater Enhanced Lending?

The danger of trading Cliffwater Enhanced Lending 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 Cliffwater Enhanced 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 Cliffwater Enhanced. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cliffwater Enhanced 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.
Continue to Trending Equities. Note that the Cliffwater Enhanced information on this page should be used as a complementary analysis to other Cliffwater Enhanced'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Cliffwater Enhanced price analysis, check to measure Cliffwater Enhanced'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 Cliffwater Enhanced is operating at the current time. Most of Cliffwater Enhanced's value examination focuses on studying past and present price action to predict the probability of Cliffwater Enhanced's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cliffwater Enhanced's price. Additionally, you may evaluate how the addition of Cliffwater Enhanced to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Cliffwater Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine Cliffwater Enhanced value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cliffwater Enhanced'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.