Chn Strs Correlations

GRSIX Fund

USD 9.68 0.03 0.31%

The current 90-days correlation between Chn Strs Insti and Brookfield Global Listed is 0.7 (i.e., Poor diversification). The correlation of Chn Strs 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.

Chn Strs Correlation With Market

Average diversification

The correlation between Chn Strs Insti and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chn Strs Insti 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 Chn Strs Insti. 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 gross domestic product.

Moving together with Chn Mutual Fund

0.94	BLRCX	Brookfield Global Listed	Pair Corr
0.94	BLRAX	Brookfield Global Listed	Pair Corr
0.94	BLRYX	Brookfield Global Listed	Pair Corr
0.75	GLIFX	Lazard Global Listed	Pair Corr
0.75	GLFOX	Lazard Global Listed	Pair Corr

Moving against Chn Mutual Fund

0.54	CCCCX	Center St Mlp	Pair Corr
0.54	CCCAX	Center St Mlp	Pair Corr
0.54	CCCNX	Center St Mlp	Pair Corr
0.43	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.55	INPIX	Internet Ultrasector	Pair Corr
0.55	INPSX	Internet Ultrasector	Pair Corr
0.52	PRMTX	T Rowe Price	Pair Corr
0.46	VGIAX	Vanguard Growth And	Pair Corr
0.43	RYVLX	Nasdaq 100 2x	Pair Corr
0.43	RYVYX	Nasdaq 100 2x	Pair Corr
0.43	UOPIX	Ultra Nasdaq 100	Pair Corr
0.43	RYCCX	Nasdaq 100 2x	Pair Corr
0.43	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.42	VFINX	Vanguard 500 Index	Pair Corr
0.42	FCNTX	Fidelity Contrafund	Pair Corr
0.4	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.35	FFIDX	Fidelity Fund Fidelity	Pair Corr
0.31	VWENX	Vanguard Wellington	Pair Corr

Related Correlations Analysis

	BGLCX	BGLAX	BGLYX	BLRCX	BLRAX	BLRYX	GRSIX	CCCCX	CCCAX	CCCNX
BGLCX		1.0	1.0	0.17	0.19	0.2	0.23	0.64	0.64	0.64	BGLCX
BGLAX	1.0		1.0	0.14	0.16	0.17	0.2	0.66	0.66	0.66	BGLAX
BGLYX	1.0	1.0		0.13	0.15	0.15	0.18	0.68	0.68	0.68	BGLYX
BLRCX	0.17	0.14	0.13		1.0	1.0	0.94	-0.59	-0.59	-0.59	BLRCX
BLRAX	0.19	0.16	0.15	1.0		1.0	0.94	-0.58	-0.58	-0.58	BLRAX
BLRYX	0.2	0.17	0.15	1.0	1.0		0.94	-0.57	-0.57	-0.57	BLRYX
GRSIX	0.23	0.2	0.18	0.94	0.94	0.94		-0.54	-0.54	-0.54	GRSIX
CCCCX	0.64	0.66	0.68	-0.59	-0.58	-0.57	-0.54		1.0	1.0	CCCCX
CCCAX	0.64	0.66	0.68	-0.59	-0.58	-0.57	-0.54	1.0		1.0	CCCAX
CCCNX	0.64	0.66	0.68	-0.59	-0.58	-0.57	-0.54	1.0	1.0		CCCNX
	BGLCX	BGLAX	BGLYX	BLRCX	BLRAX	BLRYX	GRSIX	CCCCX	CCCAX	CCCNX

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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

BGLAX	+ 1.0	BGLCX
BGLYX	+ 1.0	BGLCX
BGLYX	+ 1.0	BGLAX
BLRAX	+ 1.0	BLRCX
BLRYX	+ 1.0	BLRCX
BLRYX	+ 1.0	BLRAX

High negative correlations

CCCNX	- 0.59	BLRCX
CCCAX	- 0.59	BLRCX
CCCCX	- 0.59	BLRCX
CCCNX	- 0.58	BLRAX
CCCAX	- 0.58	BLRAX
CCCCX	- 0.58	BLRAX

Risk-Adjusted Indicators

There is a big difference between Chn Mutual Fund performing well and Chn Strs 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 Chn Strs' 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
BGLCX	0.46	0.05	(0.07)	0.38	0.45	(0.51)	0.87	(1.02)	2.36
BGLAX	0.46	0.06	(0.07)	0.41	0.46	(0.52)	0.86	(1.01)	2.40
BGLYX	0.46	0.06	(0.06)	0.40	0.48	(0.52)	0.86	(1.01)	2.32
BLRCX	0.57	(0.03)	(0.16)	0.00	0.74	(0.60)	1.12	(1.37)	3.25
BLRAX	0.57	(0.02)	(0.16)	0.01	0.72	(0.60)	1.18	(1.28)	3.24
BLRYX	0.58	(0.02)	(0.15)	0.02	0.73	(0.61)	1.19	(1.36)	3.23
GRSIX	0.55	(0.02)	(0.15)	(0.01)	0.76	(0.54)	0.96	(1.13)	3.35
CCCCX	0.68	0.23	0.22	0.60	0.26	(0.84)	1.66	(0.88)	4.55
CCCAX	0.67	0.24	0.22	0.65	0.22	(0.89)	1.79	(1.00)	4.31
CCCNX	0.68	0.24	0.24	0.66	0.24	(0.86)	1.69	(1.00)	4.07

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