Qs Moderate Correlations

SCGCX Fund

USD 17.31 0.03 0.17%

The current 90-days correlation between Qs Moderate Growth and Oppenheimer International Diversified is 0.67 (i.e., Poor diversification). The correlation of Qs Moderate 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.

Qs Moderate Correlation With Market

Poor diversification

The correlation between Qs Moderate Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Moderate Growth 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 Qs Moderate Growth. 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 main economic indicators.

Moving together with SCGCX Mutual Fund

1.0	LLLRX	Qs Growth Fund	Pair Corr
0.62	LMLRX	Qs Defensive Growth	Pair Corr
0.87	LMUSX	Qs Large Cap	Pair Corr
0.69	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against SCGCX Mutual Fund

0.31	WACIX	Western Asset E	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr
0.4	ABNOX	Ab Bond Inflation	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr
0.33	UTF	Cohen And Steers	Pair Corr
0.32	XOM	Exxon Mobil Corp	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	OIDAX	LIGFX	MDBLX	WDIAX	DLTZX	QDARX	DIFIX	XWDIX
OIDAX		0.79	0.64	0.63	0.55	0.5	0.78	0.66	OIDAX
LIGFX	0.79		0.5	0.94	0.46	0.42	0.7	0.5	LIGFX
MDBLX	0.64	0.5		0.33	0.95	0.89	0.95	0.67	MDBLX
WDIAX	0.63	0.94	0.33		0.34	0.33	0.57	0.37	WDIAX
DLTZX	0.55	0.46	0.95	0.34		0.95	0.91	0.5	DLTZX
QDARX	0.5	0.42	0.89	0.33	0.95		0.84	0.39	QDARX
DIFIX	0.78	0.7	0.95	0.57	0.91	0.84		0.7	DIFIX
XWDIX	0.66	0.5	0.67	0.37	0.5	0.39	0.7		XWDIX
	OIDAX	LIGFX	MDBLX	WDIAX	DLTZX	QDARX	DIFIX	XWDIX

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Risk-Adjusted Indicators

There is a big difference between SCGCX Mutual Fund performing well and Qs Moderate 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 Qs Moderate'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
OIDAX	0.72	(0.01)	0.00	(0.10)	0.00	0.00	1.42	(1.46)	5.03
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38
WDIAX	0.65	0.02	0.00	(0.04)	0.00	0.00	1.23	(1.48)	3.27
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
QDARX	0.08	0.04	0.89	1.36	0.00	(0.13)	0.25	(0.08)	0.49
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59

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