1919 Financial Correlations

SBFAX Fund

USD 29.65 0.03 0.10%

The current 90-days correlation between 1919 Financial Services and Sa Emerging Markets is 0.18 (i.e., Average diversification). The correlation of 1919 Financial 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.

1919 Financial Correlation With Market

Poor diversification

The correlation between 1919 Financial Services and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Financial Services 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 1919 Financial Services. 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 1919 Mutual Fund

0.79	SSIAX	1919 Socially Responsive	Pair Corr
0.78	SESLX	1919 Socially Responsive	Pair Corr
0.96	SFSLX	1919 Financial Services	Pair Corr
0.96	LMRIX	1919 Financial Services	Pair Corr
0.76	LMRNX	1919 Socially Responsive	Pair Corr
0.99	VFAIX	Vanguard Financials Index	Pair Corr
0.87	FRBCX	Regional Bank	Pair Corr
0.87	JRGRX	Regional Bank	Pair Corr
0.91	PRISX	T Rowe Price	Pair Corr
0.92	FIDCX	Financial Industries	Pair Corr
0.92	JFDRX	Financial Industries	Pair Corr
0.89	TFIFX	T Rowe Price	Pair Corr
0.88	DVFYX	Davis Financial	Pair Corr
0.82	RPFGX	Davis Financial	Pair Corr
0.83	DFFCX	Davis Financial	Pair Corr

Moving against 1919 Mutual Fund

0.76	URPSX	Ultrabear Profund	Pair Corr
0.33	DPFAX	Deer Park Total	Pair Corr

Related Correlations Analysis

	SAEMX	FEMDX	FHKFX	SMSDX	SFGIX
SAEMX		0.71	0.94	0.79	0.92	SAEMX
FEMDX	0.71		0.8	0.97	0.83	FEMDX
FHKFX	0.94	0.8		0.83	0.9	FHKFX
SMSDX	0.79	0.97	0.83		0.88	SMSDX
SFGIX	0.92	0.83	0.9	0.88		SFGIX
	SAEMX	FEMDX	FHKFX	SMSDX	SFGIX

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Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Financial 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 1919 Financial'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
SAEMX	0.58	0.04	0.04	0.31	0.77	(0.61)	1.17	(1.44)	3.59
FEMDX	0.15	0.02	0.08	5.39	0.00	(0.20)	0.42	(0.26)	1.11
FHKFX	0.83	0.07	0.06	0.15	1.07	(0.87)	1.94	(1.91)	5.94
SMSDX	0.23	0.01	0.03	(0.15)	0.27	(0.26)	0.43	(0.51)	1.30
SFGIX	0.53	0.03	0.03	(0.43)	0.77	(0.53)	1.09	(1.25)	4.18

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