Six Circles Correlations

Mutual Funds USA . 
Fund . Six Circles Managed
CMIUX Fund  USD 14.58  0.02  0.14%   
The current 90-days correlation between Six Circles Managed and Litman Gregory Masters is 0.5 (i.e., Very weak diversification). The correlation of Six Circles 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.

Six Circles Correlation With Market

Very weak diversification

The correlation between Six Circles Managed and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Managed 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 Six Circles Managed. 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 employment.

Moving together with Six Mutual Fund

  0.71VEUSX Vanguard European StockPairCorr
  0.76VESIX Vanguard European StockPairCorr
  0.71VEUPX Vanguard European StockPairCorr
  0.76VEURX Vanguard European StockPairCorr
  0.76CIUEX Six Circles InternationalPairCorr
  0.88AEDYX Invesco European GrowthPairCorr
  0.77AEDRX Invesco European GrowthPairCorr
  0.77AEGSX Invesco European GrowthPairCorr
  0.77FHJUX Fidelity EuropePairCorr
  0.77FHJTX Fidelity EuropePairCorr
  0.72VTISX Vanguard Total InterPairCorr
  0.72VTSNX Vanguard Total InterPairCorr
  0.72VTPSX Vanguard Total InterPairCorr
  0.69PUGCX Putnam Global EquityPairCorr
  0.74CKKRX Columbia Income BuilderPairCorr
  0.71WATCX Western Asset IntermPairCorr
  0.72NWJJX Nationwide Highmark BondPairCorr
  0.67WCCFX Wealthbuilder ConservativePairCorr
  0.65FHYIX Franklin High YieldPairCorr
  0.76NHIEX Neuberger Berman IncomePairCorr
  0.82CITEX American High IncomePairCorr
  0.63HEMZX Virtus Emerging MarketsPairCorr
  0.77TEDPX Tiaa Cref EmergingPairCorr
  0.74FLRRX Franklin Low DurationPairCorr
  0.61RGLDX American Funds GlobalPairCorr
  1.0JSEAX Jpmorgan InternationalPairCorr
  0.73ASBFX Short Term BondPairCorr
  0.81JTOIX Multimanager LifestylePairCorr
  0.72GIGGX Deutsche GnmaPairCorr
  0.69FXIDX Fixed Income SharesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Six Mutual Fund performing well and Six Circles 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 Six Circles' 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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY