Issachar Fund Correlations

LIONX Fund

USD 9.73 0.12 1.22%

The current 90-days correlation between Issachar Fund Issachar and Northern Lights is 0.7 (i.e., Poor diversification). The correlation of Issachar Fund 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.

Issachar Fund Correlation With Market

Weak diversification

The correlation between Issachar Fund Issachar and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Issachar Fund Issachar 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 Issachar Fund Issachar. 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 board of governors.

Moving together with Issachar Mutual Fund

1.0	LIOTX	Issachar Fund Class	Pair Corr
0.82	PRCOX	T Rowe Price	Pair Corr
0.83	FXAIX	Fidelity 500 Index	Pair Corr
0.61	VIGAX	Vanguard Growth Index	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.86	FZROX	Fidelity Zero Total	Pair Corr
0.89	VBIAX	Vanguard Balanced Index	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr

Moving against Issachar Mutual Fund

0.39	GAAKX	Gmo Alternative Allo	Pair Corr
0.39	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	BIBL	LIOTX	WWJD	ISMD	RISN
BIBL		0.68	0.36	0.8	0.9	BIBL
LIOTX	0.68		-0.23	0.88	0.78	LIOTX
WWJD	0.36	-0.23		-0.14	0.07	WWJD
ISMD	0.8	0.88	-0.14		0.94	ISMD
RISN	0.9	0.78	0.07	0.94		RISN
	BIBL	LIOTX	WWJD	ISMD	RISN

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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

RISN	+ 0.94	ISMD
RISN	+ 0.9	BIBL
ISMD	+ 0.88	LIOTX
ISMD	+ 0.8	BIBL
RISN	+ 0.78	LIOTX
LIOTX	+ 0.68	BIBL

High negative correlations

WWJD	- 0.23	LIOTX
ISMD	- 0.14	WWJD

Risk-Adjusted Indicators

There is a big difference between Issachar Mutual Fund performing well and Issachar Fund 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 Issachar Fund'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
BIBL	0.69	(0.05)	0.00	(0.16)	0.00	0.00	1.38	(1.24)	7.04
LIOTX	0.83	0.03	0.02	0.05	1.24	(0.84)	1.46	(1.97)	6.56
WWJD	0.59	(0.15)	0.00	(0.79)	0.00	0.00	0.91	(1.52)	3.75
ISMD	0.88	0.00	0.00	(0.02)	1.14	(0.91)	1.88	(1.78)	9.99
RISN	0.53	(0.03)	0.00	(0.13)	0.00	0.00	1.19	(0.86)	5.27

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