1919 Financial Correlations
| SBFAX Fund | USD 29.88 0.12 0.40% |
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
Significant diversification
The correlation between 1919 Financial Services and DJI is 0.07 (i.e., Significant 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.
1919 |
Moving together with 1919 Mutual Fund
| 0.64 | SSIAX | 1919 Socially Responsive | PairCorr |
| 0.65 | SESLX | 1919 Socially Responsive | PairCorr |
| 0.72 | SFSLX | 1919 Financial Services | PairCorr |
| 0.73 | LMRIX | 1919 Financial Services | PairCorr |
| 0.64 | LMRNX | 1919 Socially Responsive | PairCorr |
| 0.61 | JRGRX | Regional Bank | PairCorr |
| 0.88 | PRISX | T Rowe Price | PairCorr |
| 0.62 | FIDCX | Financial Industries | PairCorr |
| 0.65 | JFDRX | Financial Industries | PairCorr |
| 0.88 | TFIFX | T Rowe Price | PairCorr |
| 0.74 | DVFYX | Davis Financial | PairCorr |
| 0.69 | RPFGX | Davis Financial | PairCorr |
| 0.72 | DFFCX | Davis Financial | PairCorr |
| 0.76 | LSHEX | Kinetics Spin Off | PairCorr |
| 0.76 | LSHUX | Horizon Spin Off | PairCorr |
| 0.76 | LSHAX | Horizon Spin Off | PairCorr |
| 0.63 | LSHCX | Horizon Spin Off | PairCorr |
| 0.75 | WWNPX | Kinetics Paradigm | PairCorr |
| 0.75 | KNPAX | Kinetics Paradigm | PairCorr |
| 0.62 | KNPCX | Kinetics Paradigm | PairCorr |
| 0.64 | AINGX | Inflation Adjusted Bond | PairCorr |
| 0.64 | WABSX | Western Asset Interm | PairCorr |
Moving against 1919 Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DSHXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RPGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SWGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TERXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EMDQX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HTYXX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DSHXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RPGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWGXX | 0.03 | 0.01 | 0.00 | 0.08 | 0.00 | 0.00 | 1.01 | |||
| TERXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMDQX | 0.28 | 0.01 | 0.04 | 0.15 | 0.25 | 0.67 | 1.35 | |||
| HTYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |