Qs Growth Correlations

LANIX Fund

USD 17.19 0.05 0.29%

The current 90-days correlation between Qs Growth Fund and Transamerica Short Term Bond is 0.03 (i.e., Significant diversification). The correlation of Qs Growth 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.

Qs Growth Correlation With Market

Poor diversification

The correlation between Qs Growth Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Qs Growth 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 gross domestic product.

Moving together with LANIX Mutual Fund

0.79	TEMWX	Templeton World	Pair Corr
0.75	SAIFX	Clearbridge Large Cap	Pair Corr
0.79	TWDAX	Templeton World	Pair Corr
0.63	TESIX	Franklin Mutual Shares	Pair Corr
0.64	TESRX	Franklin Mutual Shares	Pair Corr
0.9	FRAAX	Franklin Growth Oppo	Pair Corr
0.81	FRBSX	Franklin Balance Sheet	Pair Corr
0.79	FRDPX	Franklin Rising Dividends	Pair Corr
0.79	FRDAX	Franklin Rising Dividends	Pair Corr
0.89	SBLGX	Clearbridge Large Cap	Pair Corr
0.89	SBLYX	Clearbridge Large Cap	Pair Corr
0.81	FRETX	Franklin Equity Income	Pair Corr
0.82	SBMAX	Clearbridge Mid Cap	Pair Corr
0.84	FRGSX	Franklin Growth	Pair Corr
0.82	SBPYX	Clearbridge Small Cap	Pair Corr
0.79	FRISX	Franklin Rising Dividends	Pair Corr

Moving against LANIX Mutual Fund

0.51	SBAYX	Western Asset Adjustable	Pair Corr
0.38	TEMIX	Franklin Mutual European	Pair Corr
0.38	TEURX	Franklin Mutual European	Pair Corr
0.37	SBIYX	Clearbridge International	Pair Corr
0.34	WACPX	Western Asset E	Pair Corr
0.33	TEMFX	Templeton Foreign	Pair Corr
0.32	TEFRX	Templeton Foreign	Pair Corr
0.32	TEFTX	Templeton Foreign	Pair Corr
0.5	SBSYX	Western Asset Short	Pair Corr
0.36	FRGOX	Franklin Gold Precious	Pair Corr
0.32	FRSTX	Franklin Strategic Income	Pair Corr

Related Correlations Analysis

	TASTX	PSTQX	GANPX	VUBFX	BIIPX	DMBAX	SUSAX
TASTX		0.99	0.94	0.97	0.98	0.95	0.99	TASTX
PSTQX	0.99		0.97	0.97	0.98	0.97	0.97	PSTQX
GANPX	0.94	0.97		0.92	0.96	1.0	0.94	GANPX
VUBFX	0.97	0.97	0.92		0.98	0.93	0.96	VUBFX
BIIPX	0.98	0.98	0.96	0.98		0.96	0.97	BIIPX
DMBAX	0.95	0.97	1.0	0.93	0.96		0.94	DMBAX
SUSAX	0.99	0.97	0.94	0.96	0.97	0.94		SUSAX
	TASTX	PSTQX	GANPX	VUBFX	BIIPX	DMBAX	SUSAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between LANIX Mutual Fund performing well and Qs Growth 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 Qs Growth's 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TASTX	0.08	0.02	0.64	0.93	(0.17)	0.21	(0.10)	0.62
PSTQX	0.11	0.02	0.54	0.62	(0.15)	0.29	(0.19)	0.67
GANPX	0.06	0.00	0.42	0.03	(0.12)	0.10	(0.10)	0.48
VUBFX	0.04	0.01	0.00	(5.37)	0.00	0.10	0.00	0.20
BIIPX	0.10	0.02	0.64	1.53	(0.14)	0.21	(0.10)	0.72
DMBAX	0.06	0.00	0.54	(0.07)	(0.10)	0.16	(0.08)	0.31
SUSAX	0.06	0.01	0.72	1.31	(0.18)	0.10	(0.10)	0.51

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