Strategic Advisers Correlations

FSMUX Fund

USD 8.99 0.02 0.22%

The current 90-days correlation between Strategic Advisers and Vanguard High Yield Tax Exempt is 0.9 (i.e., Almost no diversification). The correlation of Strategic Advisers 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 Advisers Correlation With Market

Very good diversification

The correlation between Strategic Advisers Municipal and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Advisers Municipal 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 Strategic Advisers Municipal. 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 Strategic Mutual Fund

0.98	FPXTX	Fidelity Pennsylvania	Pair Corr
0.66	FRASX	Fidelity Income Repl	Pair Corr
0.7	FRIMX	Fidelity Income Repl	Pair Corr
0.63	FRINX	Fidelity Real Estate	Pair Corr
0.64	FRIOX	Fidelity Real Estate	Pair Corr
0.63	FRIQX	Fidelity Real Estate	Pair Corr
0.7	FRHMX	Fidelity Managed Ret	Pair Corr
0.7	FRKMX	Fidelity Managed Ret	Pair Corr
0.62	FRIRX	Fidelity Real Estate	Pair Corr
0.98	FROGX	Fidelity Municipal Income	Pair Corr
0.7	FRQHX	Fidelity Managed Ret	Pair Corr
0.7	FRQIX	Fidelity Income Repl	Pair Corr
0.98	FSAZX	Fidelity Arizona Mun	Pair Corr
0.69	FANCX	Fidelity Short Term	Pair Corr

Moving against Strategic Mutual Fund

0.32	FADTX	Fidelity Advisor Tec	Pair Corr
0.35	FSELX	Fidelity Select Semi	Pair Corr
0.32	FATEX	Fidelity Advisor Tec	Pair Corr

Related Correlations Analysis

	VWAHX	VWALX	VWLUX	FAFTX
VWAHX		1.0	0.99	0.97	VWAHX
VWALX	1.0		0.99	0.97	VWALX
VWLUX	0.99	0.99		0.95	VWLUX
FAFTX	0.97	0.97	0.95		FAFTX
	VWAHX	VWALX	VWLUX	FAFTX

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Advisers 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 Advisers' 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
VWAHX	0.17	0.02	(0.23)	(0.08)	0.25	(0.22)	0.37	(0.37)	1.68
VWALX	0.16	0.02	(0.24)	(0.08)	0.24	(0.22)	0.37	(0.37)	1.68
VWLUX	0.17	0.02	(0.24)	(0.09)	0.24	(0.22)	0.37	(0.37)	1.65
FAFTX	0.16	0.02	(0.26)	(0.13)	0.22	(0.20)	0.37	(0.37)	1.56

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