Strategic Alternatives Correlations
| GFSYX Fund | USD 9.24 0.01 0.11% |
The current 90-days correlation between Strategic Alternatives and Tiaa Cref Mid Cap Value is -0.21 (i.e., Very good diversification). The correlation of Strategic Alternatives 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 Alternatives Correlation With Market
Good diversification
The correlation between Strategic Alternatives Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Alternatives Fund and DJI in the same portfolio, assuming nothing else is changed.
Strategic |
Moving together with Strategic Mutual Fund
| 0.83 | GFIZX | Conservative Allocation | PairCorr |
| 1.0 | GFSZX | Strategic Alternatives | PairCorr |
| 0.78 | GGBFX | Global Bond Fund | PairCorr |
| 0.72 | GGIZX | Balanced Allocation | PairCorr |
| 0.81 | GIEYX | International Equity | PairCorr |
| 0.81 | GIEZX | International Equity | PairCorr |
| 0.82 | GLDYX | Low Duration Bond | PairCorr |
| 0.8 | GLDZX | Low Duration Bond | PairCorr |
| 0.8 | GMDYX | Medium Duration Bond | PairCorr |
| 0.78 | GMDZX | Medium Duration Bond | PairCorr |
| 0.76 | GMBYX | Guidestone Funds | PairCorr |
| 0.77 | GMBZX | Guidestone Funds | PairCorr |
| 0.7 | GMEYX | Guidestone Funds Impact | PairCorr |
Moving against Strategic Mutual Fund
Related Correlations Analysis
| -0.85 | 0.89 | 0.96 | 0.86 | 0.87 | TIMVX | ||
| -0.85 | -0.85 | -0.95 | -0.91 | -0.91 | SHPSX | ||
| 0.89 | -0.85 | 0.92 | 0.95 | 0.95 | ARSMX | ||
| 0.96 | -0.95 | 0.92 | 0.91 | 0.92 | FMCRX | ||
| 0.86 | -0.91 | 0.95 | 0.91 | 1.0 | PRSVX | ||
| 0.87 | -0.91 | 0.95 | 0.92 | 1.0 | VSFSX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Strategic Mutual Fund performing well and Strategic Alternatives 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 Alternatives' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIMVX | 0.77 | (0.06) | 0.00 | (0.06) | 0.00 | 1.41 | 3.55 | |||
| SHPSX | 1.02 | 0.18 | 0.15 | (0.16) | 1.05 | 2.75 | 7.00 | |||
| ARSMX | 0.71 | (0.07) | 0.00 | 0.76 | 0.00 | 1.17 | 3.08 | |||
| FMCRX | 0.87 | (0.11) | 0.00 | (0.10) | 0.00 | 1.46 | 4.06 | |||
| PRSVX | 0.85 | (0.13) | 0.00 | 0.94 | 0.00 | 1.62 | 4.20 | |||
| VSFSX | 0.90 | (0.13) | 0.00 | 1.35 | 0.00 | 1.64 | 5.18 |