Strategic Alternatives Correlations

GFSZX Fund  USD 9.17  0.01  0.11%   
The current 90-days correlation between Strategic Alternatives and Dws Global Macro is 0.09 (i.e., Significant 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 -0.03 (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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Strategic Alternatives Fund. 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 nation.

Moving together with Strategic Mutual Fund

  0.61GEMZX Emerging Markets EquityPairCorr
  0.84GFIZX Conservative AllocationPairCorr
  0.81GFSYX Strategic AlternativesPairCorr
  0.78GGBFX Global Bond FundPairCorr
  0.73GGIZX Balanced AllocationPairCorr
  0.81GIEYX International EquityPairCorr
  0.81GIEZX International EquityPairCorr
  0.81GLDYX Low Duration BondPairCorr
  0.79GLDZX Low Duration BondPairCorr
  0.8GMDYX Medium Duration BondPairCorr
  0.79GMDZX Medium Duration BondPairCorr
  0.77GMBYX Guidestone FundsPairCorr
  0.77GMBZX Guidestone FundsPairCorr
  0.71GMEYX Guidestone Funds ImpactPairCorr

Moving against Strategic Mutual Fund

  0.33GEIZX Guidestone Growth EquityPairCorr

Related Correlations Analysis

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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.