Spectrum Growth Correlations

PRSGX Fund

USD 28.38 0.14 0.50%

The correlation of Spectrum 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.

Spectrum Growth Correlation With Market

Very poor diversification

The correlation between Spectrum Growth Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Spectrum 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 price.

Moving together with Spectrum Mutual Fund

0.96	PEXMX	T Rowe Price	Pair Corr
0.82	PFFRX	T Rowe Price	Pair Corr
0.78	OTCFX	T Rowe Price	Pair Corr
0.82	TFAIX	T Rowe Price	Pair Corr
0.7	TWRRX	Target 2030 Fund	Pair Corr
0.95	OTIIX	T Rowe Price	Pair Corr
0.78	TFIFX	T Rowe Price	Pair Corr
0.73	PGLOX	T Rowe Price	Pair Corr
0.94	PGTIX	T Rowe Price	Pair Corr
0.96	RPFDX	T Rowe Price	Pair Corr
0.8	RPELX	T Rowe Price	Pair Corr
0.8	RPEIX	T Rowe Price	Pair Corr
0.75	RPIEX	T Rowe Price	Pair Corr
0.81	RPIFX	T Rowe Price	Pair Corr
0.65	RPGIX	T Rowe Price	Pair Corr
0.91	RPGEX	T Rowe Price	Pair Corr
0.86	TGAFX	T Rowe Price	Pair Corr
0.73	RPGRX	T Rowe Price	Pair Corr
0.78	RPMGX	T Rowe Price	Pair Corr
0.97	RPTIX	T Rowe Price	Pair Corr
0.77	RPTFX	T Rowe Price	Pair Corr
0.96	RPTTX	T Rowe Price	Pair Corr
0.96	RRBGX	T Rowe Price	Pair Corr
0.99	RRCOX	T Rowe Price	Pair Corr
0.96	RRFDX	T Rowe Price	Pair Corr
0.96	RRGSX	T Rowe Price	Pair Corr
0.77	RRMGX	T Rowe Price	Pair Corr
0.97	RRMVX	T Rowe Price	Pair Corr
0.79	TILCX	T Rowe Price	Pair Corr
0.94	RRTDX	T Rowe Price	Pair Corr
0.95	RRTFX	T Rowe Price	Pair Corr

Moving against Spectrum Mutual Fund

0.74	RPIBX	T Rowe Price	Pair Corr
0.54	TEIMX	T Rowe Price	Pair Corr
0.52	THISX	T Rowe Price	Pair Corr
0.43	RPSIX	Spectrum Income	Pair Corr
0.49	RRIGX	T Rowe Price	Pair Corr

Related Correlations Analysis

	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.0		0.69	0.3	0.77	0.38	0.23	0.37	0.35	0.22	LBHIX
MSTSX	0.0	0.69		-0.02	0.86	0.06	0.12	0.77	0.34	0.16	MSTSX
VIASP	0.0	0.3	-0.02		0.16	0.83	0.57	-0.09	0.7	0.65	VIASP
RRTLX	0.0	0.77	0.86	0.16		0.23	0.02	0.47	0.39	0.1	RRTLX
OSHDF	0.0	0.38	0.06	0.83	0.23		0.44	-0.06	0.72	0.54	OSHDF
70082LAB3	0.0	0.23	0.12	0.57	0.02	0.44		0.28	0.66	0.93	70082LAB3
SITKF	0.0	0.37	0.77	-0.09	0.47	-0.06	0.28		0.24	0.31	SITKF
RWAYL	0.0	0.35	0.34	0.7	0.39	0.72	0.66	0.24		0.72	RWAYL
SEGI	0.0	0.22	0.16	0.65	0.1	0.54	0.93	0.31	0.72		SEGI
	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI

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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

SEGI	+ 0.93	70082LAB3
RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.83	VIASP
RRTLX	+ 0.77	LBHIX
SITKF	+ 0.77	MSTSX
RWAYL	+ 0.72	OSHDF

High negative correlations

SITKF	- 0.09	VIASP
SITKF	- 0.06	OSHDF
VIASP	- 0.02	MSTSX
SEGI	- 0.0	AQUI
RWAYL	- 0.0	AQUI
SITKF	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum 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 Spectrum 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	20.25	0.00	(19.11)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.67	0.04	(0.07)	(4.05)	1.15	(0.74)	1.78	(1.19)	6.59
SITKF	5.73	1.16	0.15	3.93	5.05	(8.48)	14.29	(9.09)	32.64
RWAYL	0.12	0.02	(0.54)	(0.78)	0.00	(0.16)	0.24	(0.20)	1.20
SEGI	9.88	2.51	0.12	(0.97)	10.18	(16.18)	28.57	(20.00)	62.86

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