Q3 All-weather Correlations

QAISX Fund

USD 9.28 0.11 1.20%

The current 90-days correlation between Q3 All Weather and Financial Industries Fund is 0.03 (i.e., Significant diversification). The correlation of Q3 All-weather 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.

Q3 All-weather Correlation With Market

Significant diversification

The correlation between Q3 All Weather Sector and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q3 All Weather Sector 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 Q3 All Weather Sector. 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 state.

Moving together with QAISX Mutual Fund

0.82	QACTX	Q3 All Weather	Pair Corr
0.85	QAITX	Q3 All Weather	Pair Corr
0.91	QASOX	Q3 All Season	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr

Moving against QAISX Mutual Fund

0.35	PAUPX	Pimco All Asset	Pair Corr
0.34	PAUIX	Pimco All Asset	Pair Corr
0.67	CPPAX	American Funds Prese	Pair Corr
0.63	JBOIX	John Hancock Esg	Pair Corr
0.6	ABTAX	Government Bond	Pair Corr
0.57	MAHQX	Blackrock Total Ret	Pair Corr
0.57	NECRX	Loomis Sayles E	Pair Corr
0.51	NWHLX	Nationwide Bailard	Pair Corr
0.51	BORCX	Collegeadvantage 529	Pair Corr
0.47	VGTSX	Vanguard Total Inter	Pair Corr
0.47	VTIAX	Vanguard Total Inter	Pair Corr
0.32	FEHRX	First Eagle High	Pair Corr
0.61	MUAIX	Ultra Short Income	Pair Corr
0.61	VUSIX	Invesco Quality Income	Pair Corr

Related Correlations Analysis

	FIDAX	SBFAX	JHMXX	FAFSX	HEWXX	IVMXX
FIDAX		0.76	0.0	0.94	0.0	0.0	FIDAX
SBFAX	0.76		0.0	0.91	0.0	0.0	SBFAX
JHMXX	0.0	0.0		0.0	0.0	0.0	JHMXX
FAFSX	0.94	0.91	0.0		0.0	0.0	FAFSX
HEWXX	0.0	0.0	0.0	0.0		0.0	HEWXX
IVMXX	0.0	0.0	0.0	0.0	0.0		IVMXX
	FIDAX	SBFAX	JHMXX	FAFSX	HEWXX	IVMXX

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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

FAFSX	+ 0.94	FIDAX
FAFSX	+ 0.91	SBFAX
SBFAX	+ 0.76	FIDAX
JHMXX	+ 0.0	FIDAX
HEWXX	+ 0.0	FIDAX
IVMXX	+ 0.0	FIDAX

High negative correlations

IVMXX	- 0.0	HEWXX
IVMXX	- 0.0	FAFSX
HEWXX	- 0.0	FAFSX
IVMXX	- 0.0	JHMXX
HEWXX	- 0.0	JHMXX
FAFSX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between QAISX Mutual Fund performing well and Q3 All-weather 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 Q3 All-weather'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FIDAX	1.01	(0.12)	(0.15)	2.02	(3.26)	7.13
SBFAX	0.79	0.01	(0.02)	1.69	(1.92)	5.22
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00
FAFSX	0.91	(0.04)	(0.07)	1.71	(2.71)	6.26
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00

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