Sprott Focus Correlations

FUND Stock

USD 7.30 0.03 0.41%

The current 90-days correlation between Sprott Focus Trust and Eaton Vance National is 0.48 (i.e., Very weak diversification). The correlation of Sprott Focus 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.

Sprott Focus Correlation With Market

Poor diversification

The correlation between Sprott Focus Trust and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Focus Trust 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 Sprott Focus Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sprott Stock

0.67	AXP	American Express	Pair Corr
0.68	CNF	CNFinance Holdings	Pair Corr
0.77	COF	Capital One Financial	Pair Corr
0.74	DFS	Discover Financial	Pair Corr
0.74	OPFI	OppFi Inc	Pair Corr
0.61	PFSI	PennyMac Finl Svcs	Pair Corr
0.67	SNFCA	Security National Earnings Call This Week	Pair Corr
0.86	ALLY	Ally Financial	Pair Corr
0.61	APAM	Artisan Partners Asset	Pair Corr
0.83	C	Citigroup	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr

Moving against Sprott Stock

0.41	RENEW	Cartesian Growth	Pair Corr
0.44	CB	Chubb	Pair Corr
0.37	EG	Everest Group	Pair Corr

Related Correlations Analysis

	CXH	IHTA	EOT	NXC	FMN	CBH	MHN	RFMZ	ETB	ACV
CXH		0.0	0.84	0.64	0.84	0.0	0.79	0.78	-0.22	-0.07	CXH
IHTA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IHTA
EOT	0.84	0.0		0.61	0.91	0.0	0.82	0.72	-0.09	0.02	EOT
NXC	0.64	0.0	0.61		0.71	0.0	0.55	0.73	0.04	0.21	NXC
FMN	0.84	0.0	0.91	0.71		0.0	0.83	0.86	0.14	0.26	FMN
CBH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CBH
MHN	0.79	0.0	0.82	0.55	0.83	0.0		0.8	0.18	0.3	MHN
RFMZ	0.78	0.0	0.72	0.73	0.86	0.0	0.8		0.24	0.41	RFMZ
ETB	-0.22	0.0	-0.09	0.04	0.14	0.0	0.18	0.24		0.95	ETB
ACV	-0.07	0.0	0.02	0.21	0.26	0.0	0.3	0.41	0.95		ACV
	CXH	IHTA	EOT	NXC	FMN	CBH	MHN	RFMZ	ETB	ACV

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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

ACV	+ 0.95	ETB
FMN	+ 0.91	EOT
RFMZ	+ 0.86	FMN
EOT	+ 0.84	CXH
FMN	+ 0.84	CXH
MHN	+ 0.83	FMN

High negative correlations

ETB	- 0.22	CXH
ETB	- 0.09	EOT
ACV	- 0.07	CXH
ACV	- 0.0	CBH
ETB	- 0.0	CBH
RFMZ	- 0.0	CBH

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott Focus Company 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 Sprott Focus' 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
CXH	0.38	0.00	0.00	(0.11)	0.00	0.00	0.76	(1.00)	2.37
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.03)	0.00	(0.20)	0.00	0.00	1.01	(1.28)	2.87
NXC	0.36	0.01	0.13	(0.02)	0.43	(0.38)	0.78	(0.68)	1.98
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHN	0.47	(0.02)	0.00	(0.18)	0.00	0.00	0.87	(1.06)	2.81
RFMZ	0.52	0.00	0.00	(0.08)	0.00	0.00	1.13	(1.33)	3.16
ETB	0.65	(0.06)	0.00	(0.17)	0.00	0.00	1.01	(1.49)	3.93
ACV	0.75	(0.09)	0.00	(0.23)	0.00	0.00	1.21	(1.42)	5.25

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