Spectrum Fund Correlations

FLSPX Fund

USD 13.33 0.21 1.60%

The current 90-days correlation between Spectrum Fund Retail and Muirfield Fund Retail is 0.99 (i.e., No risk reduction). The correlation of Spectrum Fund 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.

Spectrum Fund Correlation With Market

Poor diversification

The correlation between Spectrum Fund Retail and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Fund Retail and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Spectrum Fund Retail. 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 american community survey.

Moving together with Spectrum Mutual Fund

1.0	SRUAX	Spectrum Fund Adviser	Pair Corr
1.0	SRUIX	Spectrum Fund Instit	Pair Corr
0.96	QNTAX	Quantex Fund Adviser	Pair Corr
0.97	BLNAX	Balanced Fund Adviser	Pair Corr
0.96	FLCGX	Quantex Fund Retail	Pair Corr
0.88	FLDOX	Dividend Opportunities	Pair Corr
0.96	FLDGX	Dynamic Growth	Pair Corr
0.97	FLDFX	Balanced Fund Retail	Pair Corr
0.99	FLMIX	Muirfield Fund Insti	Pair Corr
0.99	FLMFX	Muirfield Fund Retail	Pair Corr
0.99	FLMAX	Muirfield Fund Adviser	Pair Corr
0.88	DVOIX	Dividend Opportunities	Pair Corr
0.8	NLSCX	Neuberger Berman Long	Pair Corr
0.77	NLSAX	Neuberger Berman Long	Pair Corr
0.76	NLSIX	Neuberger Berman Long	Pair Corr
0.89	ASLAX	Ab Select Longshort	Pair Corr
0.77	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Spectrum Mutual Fund

0.78	GAAKX	Gmo Alternative Allo	Pair Corr
0.47	PWLMX	Pimco Rae Worldwide	Pair Corr
0.46	PWLIX	Pimco Rae Worldwide	Pair Corr
0.33	BNDAX	Total Return Bond	Pair Corr
0.31	FLBDX	Total Return Bond	Pair Corr
0.78	GAAGX	Gmo Alternative Allo	Pair Corr
0.66	GF	New Germany Closed	Pair Corr
0.51	BISMX	Brandes International	Pair Corr
0.51	PSDNX	Putnam Ultra Short	Pair Corr
0.51	USGDX	Morgan Stanley Government	Pair Corr
0.5	GPBFX	Gmo E Plus	Pair Corr
0.46	ARBOX	Absolute Convertible	Pair Corr
0.46	HRBDX	Harbor Bond Fund	Pair Corr
0.45	ABNOX	Ab Bond Inflation	Pair Corr
0.41	EMBAX	Unconstrained Emerging	Pair Corr
0.4	VICSX	Vanguard Intermediate-ter	Pair Corr

Related Correlations Analysis

	FLMFX	FLDGX	FLDFX	FLCGX	FLBDX
FLMFX		0.98	0.99	0.98	-0.24	FLMFX
FLDGX	0.98		0.99	1.0	-0.07	FLDGX
FLDFX	0.99	0.99		0.99	-0.11	FLDFX
FLCGX	0.98	1.0	0.99		-0.1	FLCGX
FLBDX	-0.24	-0.07	-0.11	-0.1		FLBDX
	FLMFX	FLDGX	FLDFX	FLCGX	FLBDX

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

FLCGX	+ 1.0	FLDGX
FLDFX	+ 0.99	FLMFX
FLDFX	+ 0.99	FLDGX
FLCGX	+ 0.99	FLDFX
FLDGX	+ 0.98	FLMFX
FLCGX	+ 0.98	FLMFX

High negative correlations

FLBDX	- 0.24	FLMFX
FLBDX	- 0.11	FLDFX
FLBDX	- 0.1	FLCGX
FLBDX	- 0.07	FLDGX

Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Fund 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 Spectrum Fund'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
FLMFX	0.76	(0.04)	0.00	(0.12)	0.00	1.30	(1.63)	4.29
FLDGX	0.70	(0.02)	0.00	(0.10)	0.00	1.31	(1.56)	4.08
FLDFX	0.55	(0.03)	0.00	(0.11)	0.00	0.94	(1.16)	3.13
FLCGX	0.75	(0.02)	0.00	(0.09)	0.00	1.17	(1.59)	4.40
FLBDX	0.13	0.03	0.43	0.40	(0.18)	0.32	(0.21)	0.74

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