Enhanced Fixed Correlations

AAEZX Fund

9.93 0.05 0.50%

The correlation of Enhanced Fixed 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.

Enhanced Fixed Correlation With Market

Good diversification

The correlation between Enhanced Fixed Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enhanced Fixed Income 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 Enhanced Fixed Income. 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 nation.

Moving together with Enhanced Mutual Fund

0.7	SAAAX	Simt Multi Asset	Pair Corr
0.64	SRWAX	Saat Market Growth	Pair Corr
0.79	SRYRX	Simt Real Return	Pair Corr
0.63	SSGAX	Saat Aggressive Strategy	Pair Corr
0.64	SASDX	Saat Aggressive Strategy	Pair Corr
0.68	SSTDX	Saat Servative Strategy Potential Growth	Pair Corr
0.84	SBDAX	Stet California Municipal	Pair Corr
0.69	STAYX	Stet Tax Advantaged	Pair Corr
0.71	SCFYX	Simt E Fixed	Pair Corr
0.73	SCMSX	Saat E Market	Pair Corr
0.68	CFVAX	Catholic Values Fixed	Pair Corr
0.63	SCOAX	Siit E Fixed	Pair Corr
0.72	CFVYX	Catholic Values Fixed	Pair Corr
0.63	SCXIX	Sei Insti Mgd	Pair Corr
0.78	SCYYX	Stet California Municipal	Pair Corr
0.71	SUMAX	Stet Short Duration	Pair Corr
0.78	SVSAX	Saat Servative Strategy	Pair Corr
0.77	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	MSTGX	AGAZX	APDPX	ARECX	DBLGX	DHGAX	MGGNX
MSTGX		0.81	-0.47	0.85	0.66	0.65	0.73	MSTGX
AGAZX	0.81		-0.53	0.91	0.72	0.35	0.48	AGAZX
APDPX	-0.47	-0.53		-0.6	-0.9	-0.45	-0.32	APDPX
ARECX	0.85	0.91	-0.6		0.8	0.35	0.49	ARECX
DBLGX	0.66	0.72	-0.9	0.8		0.46	0.47	DBLGX
DHGAX	0.65	0.35	-0.45	0.35	0.46		0.77	DHGAX
MGGNX	0.73	0.48	-0.32	0.49	0.47	0.77		MGGNX
	MSTGX	AGAZX	APDPX	ARECX	DBLGX	DHGAX	MGGNX

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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

ARECX	+ 0.91	AGAZX
ARECX	+ 0.85	MSTGX
AGAZX	+ 0.81	MSTGX
DBLGX	+ 0.8	ARECX
MGGNX	+ 0.77	DHGAX
MGGNX	+ 0.73	MSTGX

High negative correlations

DBLGX	- 0.9	APDPX
ARECX	- 0.6	APDPX
APDPX	- 0.53	AGAZX
APDPX	- 0.47	MSTGX
DHGAX	- 0.45	APDPX
MGGNX	- 0.32	APDPX

Risk-Adjusted Indicators

There is a big difference between Enhanced Mutual Fund performing well and Enhanced Fixed 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 Enhanced Fixed'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTGX	0.25	(0.05)	0.00	(0.51)	0.00	0.53	(0.63)	2.03
AGAZX	0.35	(0.11)	0.00	(0.73)	0.00	0.54	(0.86)	3.66
APDPX	0.11	0.02	0.04	(1.45)	(0.15)	0.20	(0.29)	0.59
ARECX	0.67	(0.13)	0.00	(0.64)	0.00	1.21	(1.45)	4.58
DBLGX	0.25	(0.07)	0.00	(1.49)	0.00	0.60	(0.48)	1.67
DHGAX	0.19	(0.06)	0.00	(1.86)	0.00	0.30	(0.29)	3.08
MGGNX	0.20	(0.04)	0.00	0.79	0.00	0.34	(0.34)	3.06

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