361 Global Correlations

AGAZX Fund

USD 11.03 0.01 0.09%

The current 90-days correlation between 361 Global Longshort and Siit Global Managed is 0.19 (i.e., Average diversification). The correlation of 361 Global 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.

361 Global Correlation With Market

Weak diversification

The correlation between 361 Global Longshort and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 361 Global Longshort 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 361 Global Longshort. 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 361 Mutual Fund

1.0	AGAWX	361 Global Longshort	Pair Corr
0.82	AGAQX	361 Global Longshort	Pair Corr
0.86	GPMFX	Guidepath Managed Futures	Pair Corr
0.61	PQTAX	Pimco Trends Managed	Pair Corr
0.61	PQTNX	Pimco Trends Managed	Pair Corr
0.61	PQTIX	Aa Pimco Tr	Pair Corr

Moving against 361 Mutual Fund

0.89	GAAKX	Gmo Alternative Allo	Pair Corr
0.89	GAAGX	Gmo Alternative Allo	Pair Corr
0.8	GPBFX	Gmo E Plus	Pair Corr
0.75	PWLIX	Pimco Rae Worldwide	Pair Corr
0.75	PWLMX	Pimco Rae Worldwide	Pair Corr
0.54	QLERX	Aqr Long Short	Pair Corr
0.79	GF	New Germany Closed	Pair Corr
0.72	LIRRX	Lord Abbett International	Pair Corr
0.63	FFLQX	Franklin Federal Lim	Pair Corr
0.63	CIHCX	Cullen International High	Pair Corr
0.62	SAEMX	Sa Emerging Markets	Pair Corr
0.6	VWICX	Vanguard International	Pair Corr
0.6	DLDFX	Destinations Low Duration	Pair Corr
0.54	FGDIX	Fidelity Advisor Gold	Pair Corr
0.54	UTF	Cohen And Steers	Pair Corr
0.44	WARCX	Wells Fargo Advantage	Pair Corr
0.43	TIMUX	Transamerica Intermediate	Pair Corr
0.82	MFAAX	American Funds Mortgage	Pair Corr
0.79	HRBDX	Harbor Bond Fund	Pair Corr
0.79	VSGDX	Vanguard Short Term	Pair Corr
0.75	VICSX	Vanguard Intermediate-ter	Pair Corr
0.74	VTAPX	Vanguard Short Term	Pair Corr
0.72	BISMX	Brandes International	Pair Corr

Related Correlations Analysis

	SGMAX	GWOAX	MFIRX	TEDIX	DHGCX	TBCUX	AQGNX	ANAZX
SGMAX		0.69	0.69	0.89	0.74	0.68	0.83	0.73	SGMAX
GWOAX	0.69		0.8	0.72	0.68	0.7	0.81	0.72	GWOAX
MFIRX	0.69	0.8		0.75	0.87	0.86	0.59	0.92	MFIRX
TEDIX	0.89	0.72	0.75		0.73	0.77	0.76	0.74	TEDIX
DHGCX	0.74	0.68	0.87	0.73		0.65	0.6	0.98	DHGCX
TBCUX	0.68	0.7	0.86	0.77	0.65		0.51	0.72	TBCUX
AQGNX	0.83	0.81	0.59	0.76	0.6	0.51		0.6	AQGNX
ANAZX	0.73	0.72	0.92	0.74	0.98	0.72	0.6		ANAZX
	SGMAX	GWOAX	MFIRX	TEDIX	DHGCX	TBCUX	AQGNX	ANAZX

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Risk-Adjusted Indicators

There is a big difference between 361 Mutual Fund performing well and 361 Global 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 361 Global'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
SGMAX	0.57	(0.05)	0.00	(0.18)	0.00	0.00	0.95	(0.77)	9.52
GWOAX	0.61	0.07	0.11	0.04	0.80	(0.61)	1.29	(1.14)	3.92
MFIRX	0.11	0.02	0.29	0.92	0.00	(0.21)	0.19	(0.19)	0.77
TEDIX	0.66	0.01	0.00	(0.06)	0.00	0.00	1.01	(1.47)	7.35
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
TBCUX	0.60	0.13	0.22	0.29	0.56	(0.68)	1.49	(1.14)	4.33
AQGNX	0.99	0.00	0.00	(0.07)	0.00	0.00	1.55	(2.03)	10.65
ANAZX	0.18	0.00	0.23	(0.02)	0.18	(0.29)	0.44	(0.44)	1.32

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