Quantified Stf Correlations

QSTAX Fund

USD 13.31 0.09 0.68%

The current 90-days correlation between Quantified Stf and Metropolitan West High is 0.28 (i.e., Modest diversification). The correlation of Quantified Stf 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 Stf Correlation With Market

Very weak diversification

The correlation between Quantified Stf Fund and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Stf 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 Quantified Stf 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 nation.

Moving together with Quantified Mutual Fund

0.94	QMLFX	Quantified Market Leaders	Pair Corr
1.0	QSTFX	Quantified Stf	Pair Corr
0.89	SMPIX	Semiconductor Ultrasector	Pair Corr
0.89	SMPSX	Semiconductor Ultrasector	Pair Corr
0.69	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Quantified Mutual Fund

0.77	QGLDX	Gold Bullion	Pair Corr
0.72	TREMX	T Rowe Price	Pair Corr
0.62	QEVOX	Quantified Evolution Plus	Pair Corr
0.62	PAUPX	Pimco All Asset	Pair Corr
0.61	PAUIX	Pimco All Asset	Pair Corr
0.6	QBDSX	Quantified Managed Income	Pair Corr
0.5	PALPX	Pimco All Asset	Pair Corr
0.5	PAANX	Pimco All Asset	Pair Corr
0.49	PAALX	All Asset Fund	Pair Corr
0.49	PAAIX	All Asset Fund	Pair Corr
0.49	PASAX	All Asset Fund	Pair Corr
0.49	PASCX	All Asset Fund	Pair Corr
0.48	PATRX	Pimco All Asset	Pair Corr
0.85	ARBOX	Absolute Convertible	Pair Corr
0.83	BISMX	Brandes International	Pair Corr
0.81	ABNOX	Ab Bond Inflation	Pair Corr
0.77	EMBAX	Unconstrained Emerging	Pair Corr
0.75	GIOIX	Guggenheim Macro Opp	Pair Corr
0.73	HRBDX	Harbor Bond Fund	Pair Corr
0.73	DLDFX	Destinations Low Duration	Pair Corr
0.72	UTF	Cohen And Steers	Pair Corr
0.7	USGDX	Morgan Stanley Government	Pair Corr
0.7	SGDLX	Sprott Gold Equity	Pair Corr
0.69	VICSX	Vanguard Intermediate-ter	Pair Corr
0.64	HTD	John Hancock Tax	Pair Corr
0.6	EBSIX	Campbell Systematic Macro	Pair Corr
0.53	SAEMX	Sa Emerging Markets	Pair Corr
0.5	DBIWX	Dws Global Macro	Pair Corr
0.32	TIMUX	Transamerica Intermediate	Pair Corr

Related Correlations Analysis

	MWHYX	TRKZX	NMHYX	CYBAX	MZHIX	GHVIX	PHDTX
MWHYX		0.96	0.94	0.99	0.96	0.96	0.96	MWHYX
TRKZX	0.96		0.97	0.99	0.97	0.96	0.94	TRKZX
NMHYX	0.94	0.97		0.97	0.99	0.99	0.96	NMHYX
CYBAX	0.99	0.99	0.97		0.97	0.97	0.96	CYBAX
MZHIX	0.96	0.97	0.99	0.97		0.99	0.97	MZHIX
GHVIX	0.96	0.96	0.99	0.97	0.99		0.98	GHVIX
PHDTX	0.96	0.94	0.96	0.96	0.97	0.98		PHDTX
	MWHYX	TRKZX	NMHYX	CYBAX	MZHIX	GHVIX	PHDTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Stf 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 Stf'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
MWHYX	0.12	0.00	0.40	(0.02)	0.08	(0.18)	0.43	(0.22)	0.76
TRKZX	0.17	0.01	0.27	0.03	0.14	(0.24)	0.51	(0.34)	1.20
NMHYX	0.12	0.01	0.32	0.05	0.09	(0.16)	0.24	(0.24)	0.95
CYBAX	0.13	0.01	0.39	0.00	0.12	(0.15)	0.44	(0.24)	0.90
MZHIX	0.13	0.01	0.32	0.07	0.09	(0.17)	0.25	(0.25)	0.89
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
PHDTX	0.12	0.00	0.27	(0.02)	0.13	(0.15)	0.22	(0.23)	0.79

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