Strategic Allocation: Correlations

ACCAX Fund

USD 5.51 0.02 0.36%

The current 90-days correlation between Strategic Allocation: and Smead Value Fund is 0.27 (i.e., Modest diversification). The correlation of Strategic Allocation: 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.

Strategic Allocation: Correlation With Market

Modest diversification

The correlation between Strategic Allocation Servative and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Servative 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 Strategic Allocation Servative. 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 Strategic Mutual Fund

0.91	AMDVX	Mid Cap Value	Pair Corr
0.77	AMGIX	Income Growth	Pair Corr
0.84	CDBCX	Diversified Bond	Pair Corr
0.9	TWADX	Value Fund A	Pair Corr
0.68	TWCCX	Ultra Fund C	Pair Corr
0.69	TWCGX	Growth Fund Investor	Pair Corr
0.91	AMVYX	Mid Cap Value	Pair Corr
0.91	AMVRX	Mid Cap Value	Pair Corr
0.91	AMVGX	Mid Cap Value	Pair Corr
0.89	TWEAX	Equity Income	Pair Corr
0.89	TWEIX	Equity Income	Pair Corr
0.63	TWGAX	International Growth	Pair Corr
0.66	TWGIX	Growth Fund I	Pair Corr
0.9	TWGGX	Global Growth	Pair Corr
0.64	TWIEX	International Growth	Pair Corr
0.9	TWHIX	Heritage Fund Investor	Pair Corr
0.79	TWRCX	Growth Fund C	Pair Corr
0.72	TWTCX	Intermediate Term Tax	Pair Corr
0.63	TWTIX	Intermediate Term Tax	Pair Corr
1.0	TWSCX	Strategic Allocation:	Pair Corr
0.99	TWSAX	Strategic Allocation:	Pair Corr
0.98	TWSMX	Strategic Allocation:	Pair Corr
0.9	TWVLX	Value Fund Investor	Pair Corr
0.65	TWWOX	Intermediate Term Tax	Pair Corr

Moving against Strategic Mutual Fund

0.37	TWARX	Short Term Government	Pair Corr
0.34	TWAVX	Short Term Government	Pair Corr
0.34	TWUSX	Short Term Government	Pair Corr
0.39	TWUOX	Short Term Government	Pair Corr

Related Correlations Analysis

	SMVLX	DOXGX	TALCX	CMIFX	LGPIX	RETSX	ALCKX
SMVLX		0.86	0.91	-0.44	-0.37	0.23	0.71	SMVLX
DOXGX	0.86		0.94	-0.2	0.01	0.54	0.77	DOXGX
TALCX	0.91	0.94		-0.4	-0.18	0.45	0.82	TALCX
CMIFX	-0.44	-0.2	-0.4		0.83	0.37	-0.35	CMIFX
LGPIX	-0.37	0.01	-0.18	0.83		0.64	-0.12	LGPIX
RETSX	0.23	0.54	0.45	0.37	0.64		0.59	RETSX
ALCKX	0.71	0.77	0.82	-0.35	-0.12	0.59		ALCKX
	SMVLX	DOXGX	TALCX	CMIFX	LGPIX	RETSX	ALCKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TALCX	+ 0.94	DOXGX
TALCX	+ 0.91	SMVLX
DOXGX	+ 0.86	SMVLX
LGPIX	+ 0.83	CMIFX
ALCKX	+ 0.82	TALCX
ALCKX	+ 0.77	DOXGX

High negative correlations

CMIFX	- 0.44	SMVLX
CMIFX	- 0.4	TALCX
LGPIX	- 0.37	SMVLX
ALCKX	- 0.35	CMIFX
CMIFX	- 0.2	DOXGX
LGPIX	- 0.18	TALCX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Allocation: 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 Strategic Allocation:'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMVLX	0.65	(0.08)	0.00	(0.18)	0.00	0.00	1.12	(1.36)	4.73
DOXGX	0.56	0.01	(0.02)	0.07	0.68	(0.61)	1.27	(1.00)	5.95
TALCX	0.55	(0.03)	0.00	(0.04)	0.00	0.00	1.21	(1.03)	5.31
CMIFX	0.06	0.00	(0.27)	0.17	0.00	(0.11)	0.10	(0.10)	0.41
LGPIX	0.81	0.12	0.08	0.38	1.00	(0.82)	1.64	(1.86)	5.87
RETSX	0.55	0.04	0.01	0.63	0.77	(0.57)	1.19	(1.46)	5.40
ALCKX	0.89	0.00	(0.02)	0.06	1.75	(0.82)	1.57	(2.35)	9.24

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC