Secured Options Correlations

GTSOX Fund

USD 13.46 0.15 1.13%

The current 90-days correlation between Secured Options Portfolio and Small Cap Equity is 0.71 (i.e., Poor diversification). The correlation of Secured Options 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.

Secured Options Correlation With Market

Poor diversification

The correlation between Secured Options Portfolio and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Secured Options Portfolio 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 Secured Options Portfolio. 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 persons.

Moving together with Secured Mutual Fund

0.9	GWILX	Woman In Leadership	Pair Corr
0.92	RESGX	Responsible Esg Equity	Pair Corr
0.81	GQLVX	Quantitative U S	Pair Corr
0.81	GQSCX	Quantitative U S	Pair Corr
0.92	GTCEX	Strategic Equity Por	Pair Corr
0.84	GTCSX	Small Cap Equity	Pair Corr
0.92	GTLLX	Large Cap Growth	Pair Corr
0.92	GTLOX	Large Cap E	Pair Corr
0.75	GTLSX	Quantitative Longshort	Pair Corr
0.84	GTSCX	Small Cap Equity	Pair Corr
0.89	GTTMX	Total Market Portfolio	Pair Corr
0.92	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.92	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.92	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.92	GTENX	Gateway Fund Class	Pair Corr
0.92	GTECX	Gateway Fund Class	Pair Corr
0.92	GTEYX	Gateway Fund Class	Pair Corr
0.92	GATEX	Gateway Fund Class	Pair Corr
0.94	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.66	WRHIX	Ivy High Income	Pair Corr
0.67	WHIAX	Ivy High Income	Pair Corr
0.65	IHIFX	Ivy High Income	Pair Corr
0.65	IVHIX	Ivy High Income	Pair Corr

Moving against Secured Mutual Fund

0.64	GF	New Germany Closed	Pair Corr
0.48	BISMX	Brandes International	Pair Corr
0.48	USGDX	Morgan Stanley Government	Pair Corr
0.45	PSDNX	Putnam Ultra Short	Pair Corr
0.42	ARBOX	Absolute Convertible	Pair Corr
0.41	SAEMX	Sa Emerging Markets	Pair Corr
0.41	HRBDX	Harbor Bond Fund	Pair Corr
0.39	ABNOX	Ab Bond Inflation	Pair Corr
0.37	EMBAX	Unconstrained Emerging	Pair Corr
0.37	VICSX	Vanguard Intermediate-ter	Pair Corr

Related Correlations Analysis

	GTCSX	MIPTX	GTLOX	GTAPX	GTCIX
GTCSX		-0.29	0.88	0.69	-0.72	GTCSX
MIPTX	-0.29		-0.11	-0.1	0.59	MIPTX
GTLOX	0.88	-0.11		0.9	-0.34	GTLOX
GTAPX	0.69	-0.1	0.9		-0.1	GTAPX
GTCIX	-0.72	0.59	-0.34	-0.1		GTCIX
	GTCSX	MIPTX	GTLOX	GTAPX	GTCIX

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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

GTAPX	+ 0.9	GTLOX
GTLOX	+ 0.88	GTCSX
GTAPX	+ 0.69	GTCSX
GTCIX	+ 0.59	MIPTX

High negative correlations

GTCIX	- 0.72	GTCSX
GTCIX	- 0.34	GTLOX
MIPTX	- 0.29	GTCSX
GTLOX	- 0.11	MIPTX
GTCIX	- 0.1	GTAPX
GTAPX	- 0.1	MIPTX

Risk-Adjusted Indicators

There is a big difference between Secured Mutual Fund performing well and Secured Options 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 Secured Options' 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
GTCSX	0.89	(0.19)	0.00	(0.17)	0.00	0.00	1.84	(2.35)	4.34
MIPTX	0.95	(0.08)	0.00	(0.17)	0.00	0.00	2.00	(2.04)	6.98
GTLOX	0.74	(0.06)	0.00	(0.06)	0.00	0.00	1.24	(1.74)	3.39
GTAPX	0.33	0.01	0.01	0.03	0.37	(0.39)	0.73	(0.66)	1.98
GTCIX	0.60	0.14	0.19	0.48	0.51	(0.67)	1.29	(1.11)	3.63

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