Spectrum Advisors Correlations

Mutual Funds . USA . 
Fund . Spectrum Advisors Preferred
SAPEX Fund  USD 17.84  0.06  0.34%   
The current 90-days correlation between Spectrum Advisors and Us Government Securities is -0.02 (i.e., Good diversification). The correlation of Spectrum Advisors 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.

Spectrum Advisors Correlation With Market

Poor diversification

The correlation between Spectrum Advisors Preferred and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Advisors Preferred 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 Spectrum Advisors Preferred. 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 income.

Moving together with Spectrum Mutual Fund

  0.88QMLFX Quantified Market LeadersPairCorr
  0.75QALAX Quantified AlternativePairCorr
  0.75QALTX Quantified AlternativePairCorr
  0.8QSPMX Quantified PatternPairCorr
  0.83QSTFX Quantified StfPairCorr
  0.81QSTAX Quantified StfPairCorr
  0.85QTSSX Quantified TacticalPairCorr
  0.79QCGDX Quantified Common GroundPairCorr
  0.76GCAVX Gmo Small CapPairCorr
  0.85GMCQX Gmo Equity AllocationPairCorr

Moving against Spectrum Mutual Fund

  0.52QBDSX Quantified Managed IncomePairCorr
  0.76QGITX Quantified GovernmentPairCorr
  0.45PAUPX Pimco All AssetPairCorr
  0.43QFITX Quantified Tactical FixedPairCorr
  0.4PASAX All Asset FundPairCorr
  0.39PASCX All Asset FundPairCorr
  0.38PAUIX Pimco All AssetPairCorr
  0.35PAANX Pimco All AssetPairCorr
  0.34PAALX All Asset FundPairCorr
  0.34PATRX Pimco All AssetPairCorr
  0.34PAAIX All Asset FundPairCorr
  0.31QGLDX Gold BullionPairCorr
  0.64GAAVX Gmo Alternative AlloPairCorr
  0.61GABFX Gmo Asset AllocationPairCorr
  0.58GF New Germany ClosedPairCorr
  0.51PSDNX Putnam Ultra ShortPairCorr
  0.48VICSX Vanguard Intermediate-terPairCorr
  0.48ABNOX Ab Bond InflationPairCorr
  0.45EMBAX Unconstrained EmergingPairCorr
  0.4MEERX Massmutual PremierPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Advisors 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 Spectrum Advisors' 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.

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