Spirit Of Correlations

SACTX Fund

USD 10.33 0.02 0.19%

The current 90-days correlation between Spirit Of America and Spirit Of America is 0.28 (i.e., Modest diversification). The correlation of Spirit Of 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.

Spirit Of Correlation With Market

Good diversification

The correlation between Spirit Of America and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Of America and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Of America. 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 estimate.

Moving together with Spirit Mutual Fund

0.82	SACFX	Spirit Of America	Pair Corr
0.9	SACRX	Spirit Of America	Pair Corr
0.88	SOAAX	Spirit Of America	Pair Corr
0.87	SOAMX	Spirit Of America	Pair Corr
1.0	SOAIX	Spirit Of America	Pair Corr
0.72	SOAUX	Spirit Of America	Pair Corr
0.73	SOCUX	Spirit Of America	Pair Corr
1.0	SOITX	Spirit Of America	Pair Corr
0.72	SOIUX	Spirit Of America	Pair Corr
0.9	SOIAX	Spirit Of America	Pair Corr
0.87	SOIMX	Spirit Of America	Pair Corr
0.96	VWETX	Vanguard Long Term	Pair Corr
0.96	VWESX	Vanguard Long Term	Pair Corr
0.96	VBLAX	Vanguard Long Term	Pair Corr
0.96	VBLLX	Vanguard Long Term	Pair Corr
0.96	VBLIX	Vanguard Long Term	Pair Corr
0.96	SLDAX	Siit Long Duration	Pair Corr
0.97	VLTCX	Vanguard Long Term	Pair Corr
0.97	VLCIX	Vanguard Long Term	Pair Corr
0.95	PLRIX	Pimco Long Term	Pair Corr
0.95	PLRPX	Pimco Long Duration	Pair Corr
0.85	MGGYX	Mirova Global Green	Pair Corr
0.85	MGGAX	Mirova Global Green	Pair Corr
0.66	BXECX	Barings Emerging Markets	Pair Corr
0.65	BXEIX	Barings Emerging Markets	Pair Corr
0.66	BXEAX	Barings Emerging Markets	Pair Corr
0.76	HLDIX	Hartford Emerging	Pair Corr
0.81	HLDRX	Hartford Emerging	Pair Corr
0.78	HLDAX	Hartford Emerging	Pair Corr
0.8	HLDCX	Hartford Emerging	Pair Corr
0.75	HLDTX	Hartford Emerging	Pair Corr
0.7	LSBDX	Loomis Sayles Bond	Pair Corr

Related Correlations Analysis

	SACEX	SACFX	SACRX	SACTX	SACVX	SAIEX	SOAEX	SOAAX	SOAMX
SACEX		0.12	0.33	0.33	0.21	0.91	1.0	0.22	0.22	SACEX
SACFX	0.12		0.7	0.82	0.4	0.14	0.11	0.76	0.93	SACFX
SACRX	0.33	0.7		0.9	0.7	0.39	0.32	0.93	0.72	SACRX
SACTX	0.33	0.82	0.9		0.58	0.37	0.33	0.88	0.87	SACTX
SACVX	0.21	0.4	0.7	0.58		0.24	0.2	0.69	0.35	SACVX
SAIEX	0.91	0.14	0.39	0.37	0.24		0.91	0.3	0.25	SAIEX
SOAEX	1.0	0.11	0.32	0.33	0.2	0.91		0.21	0.22	SOAEX
SOAAX	0.22	0.76	0.93	0.88	0.69	0.3	0.21		0.73	SOAAX
SOAMX	0.22	0.93	0.72	0.87	0.35	0.25	0.22	0.73		SOAMX
	SACEX	SACFX	SACRX	SACTX	SACVX	SAIEX	SOAEX	SOAAX	SOAMX

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Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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
SACEX	0.97	(0.06)	0.00	(0.37)	0.00	0.00	1.65	(2.41)	4.58
SACFX	0.12	0.00	0.32	0.07	0.13	(0.17)	0.24	(0.24)	0.82
SACRX	0.72	(0.06)	0.00	0.22	0.00	0.00	1.48	(1.57)	4.96
SACTX	0.31	(0.01)	0.22	0.04	0.35	(0.35)	0.68	(0.59)	1.99
SACVX	0.82	(0.12)	0.00	0.97	0.00	0.00	1.44	(2.38)	4.86
SAIEX	1.34	(0.05)	0.00	1.23	0.00	0.00	1.79	(2.50)	27.00
SOAEX	0.98	(0.06)	0.00	(0.38)	0.00	0.00	1.58	(2.43)	4.58
SOAAX	0.73	(0.04)	0.00	(0.86)	0.00	0.00	1.47	(1.54)	4.86
SOAMX	0.13	0.00	0.31	(0.06)	0.16	(0.16)	0.24	(0.35)	1.05

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Spirit Of Correlations

Spirit Of Correlation With Market

Good diversification

Moving together with Spirit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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