Spirit Of Correlations

SACTX Fund

USD 10.25 0.02 0.19%

The current 90-days correlation between Spirit Of America and Siit Small Cap is 0.44 (i.e., Very weak 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

Weak diversification

The correlation between Spirit Of America and DJI is 0.31 (i.e., Weak 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

0.76	SACFX	Spirit Of America	Pair Corr
0.83	SOAMX	Spirit Of America	Pair Corr
0.88	SOAIX	Spirit Of America	Pair Corr
0.85	SOITX	Spirit Of America	Pair Corr
0.83	SOIMX	Spirit Of America	Pair Corr
0.96	VWETX	Vanguard Long Term	Pair Corr
0.86	VWESX	Vanguard Long Term	Pair Corr
0.95	VBLAX	Vanguard Long Term	Pair Corr
0.84	VBLLX	Vanguard Long Term	Pair Corr
0.95	VBLIX	Vanguard Long Term	Pair Corr
0.95	SLDAX	Siit Long Duration	Pair Corr
0.96	VLTCX	Vanguard Long Term	Pair Corr
0.86	VLCIX	Vanguard Long Term	Pair Corr
0.95	PLRIX	Pimco Long Term	Pair Corr
0.95	PLRPX	Pimco Long Duration	Pair Corr
0.79	PDI	Pimco Dynamic Income	Pair Corr
0.69	FTCAX	Templeton Strained Bond	Pair Corr
0.92	NWJJX	Nationwide Highmark Bond	Pair Corr
0.92	GIGGX	Deutsche Gnma	Pair Corr
0.69	CCLFX	Cliffwater Corporate	Pair Corr
0.8	PCCFX	Prudential Income Builder	Pair Corr
0.83	AFTEX	Tax Exempt Bond	Pair Corr
0.87	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.78	ARRZX	Amg River Road	Pair Corr

Moving against Spirit Mutual Fund

0.38	SOIVX	Spirit Of America	Pair Corr
0.32	SACVX	Spirit Of America	Pair Corr
0.32	SOAVX	Spirit Of America	Pair Corr
0.69	TCTGX	Transamerica Cleartrack	Pair Corr
0.69	TCTJX	Transamerica Cleartrack	Pair Corr
0.68	TDKTX	Cleartrack 2015 Class	Pair Corr
0.68	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	SECAX	ARTSX	RRSVX	OWSMX	LMBMX	QSERX	TISVX
SECAX		0.89	0.89	0.83	0.96	0.96	-0.42	SECAX
ARTSX	0.89		0.94	0.7	0.96	0.82	-0.53	ARTSX
RRSVX	0.89	0.94		0.72	0.95	0.84	-0.54	RRSVX
OWSMX	0.83	0.7	0.72		0.78	0.83	0.1	OWSMX
LMBMX	0.96	0.96	0.95	0.78		0.93	-0.5	LMBMX
QSERX	0.96	0.82	0.84	0.83	0.93		-0.36	QSERX
TISVX	-0.42	-0.53	-0.54	0.1	-0.5	-0.36		TISVX
	SECAX	ARTSX	RRSVX	OWSMX	LMBMX	QSERX	TISVX

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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

LMBMX	+ 0.96	SECAX
QSERX	+ 0.96	SECAX
LMBMX	+ 0.96	ARTSX
LMBMX	+ 0.95	RRSVX
RRSVX	+ 0.94	ARTSX
QSERX	+ 0.93	LMBMX

High negative correlations

TISVX	- 0.54	RRSVX
TISVX	- 0.53	ARTSX
TISVX	- 0.5	LMBMX
TISVX	- 0.42	SECAX
TISVX	- 0.36	QSERX

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
SECAX	1.06	(0.22)	0.00	(0.29)	0.00	0.00	1.46	(2.57)	11.65
ARTSX	1.16	(0.10)	0.00	(0.17)	0.00	0.00	2.22	(3.17)	5.69
RRSVX	0.84	(0.21)	0.00	1.67	0.00	0.00	1.52	(1.94)	4.09
OWSMX	0.68	(0.06)	0.00	(0.17)	0.00	0.00	1.19	(1.37)	3.89
LMBMX	1.05	(0.15)	0.00	(0.20)	0.00	0.00	1.96	(2.70)	5.60
QSERX	1.15	(0.22)	0.00	(0.21)	0.00	0.00	1.83	(2.52)	12.07
TISVX	0.79	0.13	0.10	0.12	1.22	(0.78)	1.99	(1.65)	9.81

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