Quantified Evolution Correlations

QEVOX Fund

USD 7.04 0.06 0.86%

The current 90-days correlation between Quantified Evolution Plus and Quantified Alternative Investment is -0.06 (i.e., Good diversification). The correlation of Quantified Evolution 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.

Quantified Evolution Correlation With Market

Good diversification

The correlation between Quantified Evolution Plus and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Evolution Plus 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 Quantified Evolution Plus. 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 persons.

Moving together with Quantified Mutual Fund

0.81	QBDSX	Quantified Managed Income	Pair Corr
0.96	QGLDX	Gold Bullion	Pair Corr
0.94	PAALX	All Asset Fund	Pair Corr
0.94	PATRX	Pimco All Asset	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.94	PALPX	Pimco All Asset	Pair Corr
0.94	PASAX	All Asset Fund	Pair Corr
0.94	PASCX	All Asset Fund	Pair Corr
0.94	PAANX	Pimco All Asset	Pair Corr
0.92	PAUPX	Pimco All Asset	Pair Corr
0.91	PAUIX	Pimco All Asset	Pair Corr
0.75	ABRIX	Invesco Balanced Risk	Pair Corr
0.82	TREMX	T Rowe Price	Pair Corr
0.9	HTD	John Hancock Tax	Pair Corr
0.88	ABNOX	Ab Bond Inflation	Pair Corr
0.81	HRBDX	Harbor Bond Fund	Pair Corr
0.92	ARBOX	Absolute Convertible	Pair Corr
0.81	EBSIX	Campbell Systematic Macro	Pair Corr
0.83	SAEMX	Sa Emerging Markets	Pair Corr
0.82	RXRPX	American Funds Retirement	Pair Corr
0.76	USGDX	Morgan Stanley Government	Pair Corr
0.83	VICSX	Vanguard Intermediate-ter	Pair Corr
0.81	DLDFX	Destinations Low Duration	Pair Corr
0.9	EMBAX	Unconstrained Emerging	Pair Corr

Moving against Quantified Mutual Fund

0.65	QSTFX	Quantified Stf	Pair Corr
0.65	SMPSX	Semiconductor Ultrasector	Pair Corr
0.64	SMPIX	Semiconductor Ultrasector	Pair Corr
0.54	QMLFX	Quantified Market Leaders	Pair Corr

Related Correlations Analysis

	QALAX	QALTX	SAPEX	QSPMX	QSTFX	QSTAX	QBDAX	QBDSX	OTRFX
QALAX		0.99	0.64	0.77	0.55	0.55	0.0	-0.02	0.43	QALAX
QALTX	0.99		0.64	0.78	0.53	0.53	0.0	-0.01	0.44	QALTX
SAPEX	0.64	0.64		0.76	0.83	0.83	-0.43	-0.46	0.16	SAPEX
QSPMX	0.77	0.78	0.76		0.82	0.82	-0.38	-0.4	0.32	QSPMX
QSTFX	0.55	0.53	0.83	0.82		1.0	-0.68	-0.71	-0.04	QSTFX
QSTAX	0.55	0.53	0.83	0.82	1.0		-0.68	-0.71	-0.04	QSTAX
QBDAX	0.0	0.0	-0.43	-0.38	-0.68	-0.68		1.0	0.6	QBDAX
QBDSX	-0.02	-0.01	-0.46	-0.4	-0.71	-0.71	1.0		0.61	QBDSX
OTRFX	0.43	0.44	0.16	0.32	-0.04	-0.04	0.6	0.61		OTRFX
	QALAX	QALTX	SAPEX	QSPMX	QSTFX	QSTAX	QBDAX	QBDSX	OTRFX

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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

QSTAX	+ 1.0	QSTFX
QBDSX	+ 1.0	QBDAX
QALTX	+ 0.99	QALAX
QSTFX	+ 0.83	SAPEX
QSTAX	+ 0.83	SAPEX
QSTFX	+ 0.82	QSPMX

High negative correlations

QBDSX	- 0.71	QSTAX
QBDSX	- 0.71	QSTFX
QBDAX	- 0.68	QSTAX
QBDAX	- 0.68	QSTFX
QBDSX	- 0.46	SAPEX
QBDAX	- 0.43	SAPEX

Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Evolution 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 Quantified Evolution'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
QALAX	0.51	(0.05)	(0.09)	0.89	(1.18)	2.87
QALTX	0.55	(0.05)	(0.08)	0.98	(1.30)	3.37
SAPEX	0.49	(0.07)	(0.15)	0.78	(1.25)	3.17
QSPMX	0.70	(0.15)	1.01	1.73	(2.05)	4.95
QSTFX	1.33	(0.42)	(0.32)	2.57	(3.71)	13.10
QSTAX	1.34	(0.42)	(0.32)	2.59	(3.74)	13.11
QBDAX	0.25	(0.02)	(0.12)	0.49	(0.37)	1.82
QBDSX	0.24	(0.02)	(0.10)	0.50	(0.38)	1.86
OTRFX	0.09	(0.03)	(0.88)	0.10	(0.16)	0.97

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