Lifex Income Correlations

LFAUX Fund

17.23 0.00 0.00%

The current 90-days correlation between Lifex Income and Stone Ridge High is 0.02 (i.e., Significant diversification). The correlation of Lifex Income 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.

Lifex Income Correlation With Market

Good diversification

The correlation between Lifex Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifex Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 employment.

Moving together with Lifex Mutual Fund

0.94	LIADX	Lifex Inflation Prot	Pair Corr
0.94	LIAFX	Lifex Inflation Prot	Pair Corr
0.94	LIAKX	Lifex Inflation Prot	Pair Corr
0.94	LIAIX	Lifex Inflation Prot	Pair Corr
0.71	LIAOX	Lifex Inflation Prot	Pair Corr
0.94	LIAMX	Lifex Inflation Prot	Pair Corr
0.95	LIAQX	Lifex Inflation Prot	Pair Corr
0.96	LIAWX	Lifex Inflation Prot	Pair Corr
0.95	LIAUX	Lifex Inflation Prot	Pair Corr
0.74	LIAZX	Lifex Inflation Prot	Pair Corr
0.96	LIBGX	Lifex Inflation Prot	Pair Corr
0.95	LIIFX	Lifex Inflation Prot	Pair Corr
1.0	LFBGX	Lifex Income	Pair Corr
1.0	LFADX	Lifex Income	Pair Corr
1.0	LFAQX	Lifex Income	Pair Corr
1.0	LFAWX	Lifex Income	Pair Corr
1.0	LFFWX	Lifex Income	Pair Corr
0.8	GOVXX	Money Market Obligations	Pair Corr
0.66	PSDTX	Putnam Short Duration	Pair Corr
0.65	FCNTX	Fidelity Contrafund	Pair Corr

Moving against Lifex Mutual Fund

0.72	PFHCX	Pacific Funds Small	Pair Corr
0.71	LFEMX	Lifex Income	Pair Corr

Related Correlations Analysis

	SHRIX	FSEAX	TNHIX	PSDTX	JHEIX	VWNEX	USPRX	CRF	PDI	FTRNX
SHRIX		0.0	0.73	0.59	0.43	0.65	0.64	0.63	-0.58	0.64	SHRIX
FSEAX	0.0		0.23	0.56	0.37	0.39	0.46	0.38	0.55	0.47	FSEAX
TNHIX	0.73	0.23		0.63	0.57	0.8	0.84	0.73	-0.23	0.83	TNHIX
PSDTX	0.59	0.56	0.63		0.64	0.75	0.78	0.82	-0.14	0.8	PSDTX
JHEIX	0.43	0.37	0.57	0.64		0.86	0.74	0.8	-0.11	0.72	JHEIX
VWNEX	0.65	0.39	0.8	0.75	0.86		0.94	0.92	-0.25	0.92	VWNEX
USPRX	0.64	0.46	0.84	0.78	0.74	0.94		0.92	-0.25	0.99	USPRX
CRF	0.63	0.38	0.73	0.82	0.8	0.92	0.92		-0.32	0.93	CRF
PDI	-0.58	0.55	-0.23	-0.14	-0.11	-0.25	-0.25	-0.32		-0.25	PDI
FTRNX	0.64	0.47	0.83	0.8	0.72	0.92	0.99	0.93	-0.25		FTRNX
	SHRIX	FSEAX	TNHIX	PSDTX	JHEIX	VWNEX	USPRX	CRF	PDI	FTRNX

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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

FTRNX	+ 0.99	USPRX
USPRX	+ 0.94	VWNEX
FTRNX	+ 0.93	CRF
CRF	+ 0.92	VWNEX
FTRNX	+ 0.92	VWNEX
CRF	+ 0.92	USPRX

High negative correlations

PDI	- 0.58	SHRIX
PDI	- 0.32	CRF
FTRNX	- 0.25	PDI
PDI	- 0.25	USPRX
PDI	- 0.25	VWNEX
PDI	- 0.23	TNHIX

Risk-Adjusted Indicators

There is a big difference between Lifex Mutual Fund performing well and Lifex Income 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 Lifex Income'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHRIX	0.28	0.05	(0.02)	(2.15)	0.78	(0.31)	0.54	(0.22)	3.57
FSEAX	0.91	0.23	0.12	(1.91)	0.85	(1.03)	2.28	(1.38)	7.10
TNHIX	0.09	0.01	(0.43)	0.29	0.00	(0.16)	0.24	(0.23)	0.59
PSDTX	0.03	0.00	0.00	0.09	0.00	0.00	0.10	(0.10)	0.50
JHEIX	0.46	(0.03)	(0.13)	0.04	0.40	(0.58)	0.95	(0.75)	3.07
VWNEX	0.53	0.07	(0.03)	1.63	0.35	(0.68)	1.07	(0.68)	3.78
USPRX	0.48	0.13	0.07	1.77	0.41	(0.54)	0.95	(0.93)	3.91
CRF	0.88	0.17	0.05	0.36	1.76	(0.97)	1.94	(1.32)	10.78
PDI	0.53	0.00	(0.06)	0.10	1.05	(0.49)	1.06	(1.36)	5.53
FTRNX	0.84	0.26	0.16	1.66	0.87	(0.95)	2.14	(1.55)	6.40

Lifex Income Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lifex Income mutual fund to make a market-neutral strategy. Peer analysis of Lifex Income could also be used in its relative valuation, which is a method of valuing Lifex Income by comparing valuation metrics with similar companies.

Stone Ridge High Fidelity Emerging Asia 1290 High Yield Putnam Short Duration Equity Income Fund Vanguard Windsor Fund Sp 500 Index Cornerstone Strategic Return Pimco Dynamic Income Fidelity Trend Fund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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