Shenkman Short Correlations

SCFAX Fund

USD 9.86 0.01 0.10%

The current 90-days correlation between Shenkman Short Duration and Ft 9331 Corporate is 0.02 (i.e., Significant diversification). The correlation of Shenkman Short 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.

Shenkman Short Correlation With Market

Good diversification

The correlation between Shenkman Short Duration 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 Shenkman Short Duration 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 Shenkman Short Duration. 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 Shenkman Mutual Fund

0.7	SCFCX	Shenkman Short Duration	Pair Corr
0.9	SCFFX	Shenkman Short Duration	Pair Corr
0.74	SFHFX	Shenkman Floating Rate	Pair Corr
0.73	SFHIX	Shenkman Floating Rate	Pair Corr
0.61	VWEAX	Vanguard High Yield	Pair Corr
0.73	BRUFX	Bruce Fund Bruce	Pair Corr
0.69	SAEMX	Sa Emerging Markets	Pair Corr
0.74	USGDX	Morgan Stanley Government	Pair Corr
0.67	MEERX	Massmutual Premier	Pair Corr
0.62	BISMX	Brandes International	Pair Corr
0.67	EMBAX	Unconstrained Emerging	Pair Corr
0.64	ABNOX	Ab Bond Inflation	Pair Corr
0.73	VICSX	Vanguard Intermediate-ter	Pair Corr
0.82	RMDUX	American Funds Multi	Pair Corr

Related Correlations Analysis

	FLQTVX	FMUUX	WACIX	ABNTX	PRVBX	CSBCX	RULFX
FLQTVX		0.89	0.98	0.98	0.97	0.98	0.86	FLQTVX
FMUUX	0.89		0.91	0.95	0.93	0.9	0.98	FMUUX
WACIX	0.98	0.91		0.98	0.96	1.0	0.87	WACIX
ABNTX	0.98	0.95	0.98		0.97	0.97	0.93	ABNTX
PRVBX	0.97	0.93	0.96	0.97		0.96	0.92	PRVBX
CSBCX	0.98	0.9	1.0	0.97	0.96		0.85	CSBCX
RULFX	0.86	0.98	0.87	0.93	0.92	0.85		RULFX
	FLQTVX	FMUUX	WACIX	ABNTX	PRVBX	CSBCX	RULFX

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Risk-Adjusted Indicators

There is a big difference between Shenkman Mutual Fund performing well and Shenkman Short 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 Shenkman Short'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
FLQTVX	0.12	0.00	0.27	0.25	0.08	(0.13)	0.24	(0.22)	0.77
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
WACIX	0.26	0.01	0.14	0.25	0.26	(0.30)	0.55	(0.55)	1.56
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99
PRVBX	0.10	0.01	0.41	0.26	0.00	(0.13)	0.23	(0.17)	0.53
CSBCX	0.22	0.01	0.15	0.35	0.23	(0.25)	0.49	(0.42)	1.42
RULFX	0.05	0.01	0.00	(0.67)	0.00	0.00	0.10	(0.10)	0.60

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Shenkman Short Correlations

Shenkman Short Correlation With Market

Good diversification

Moving together with Shenkman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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