Qs Growth Correlations

SCHCX Fund

USD 15.58 0.02 0.13%

The current 90-days correlation between Qs Growth Fund and Aam Select Income is 0.12 (i.e., Average diversification). The correlation of Qs Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Qs Growth Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Growth Fund 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 Growth Fund. 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 SCHCX Mutual Fund

0.85	SAGCX	Clearbridge Aggressive	Pair Corr
0.82	LGASX	Clearbridge Small Cap	Pair Corr
0.86	SAPCX	Clearbridge Appreciation	Pair Corr
0.86	LGSCX	Qs Small Capitalization	Pair Corr
0.79	SBMLX	Clearbridge Mid Cap	Pair Corr
0.74	SBPLX	Clearbridge Dividend	Pair Corr
0.88	SBSDX	Qs Sp 500	Pair Corr
0.82	SCBCX	Qs Servative Growth	Pair Corr
1.0	SCGCX	Qs Moderate Growth	Pair Corr

Moving against SCHCX Mutual Fund

0.54	SSTLX	Western Asset Short	Pair Corr
0.51	WABSX	Western Asset Interm	Pair Corr
0.5	WATCX	Western Asset Interm	Pair Corr
0.48	WATRX	Western Asset Interm	Pair Corr
0.42	WAASX	Western Asset Total	Pair Corr
0.42	WARIX	Western Asset Total	Pair Corr
0.4	SBICX	Clearbridge International	Pair Corr
0.36	WACSX	Western Asset E	Pair Corr
0.36	WAPIX	Western Asset E	Pair Corr
0.34	WABRX	Western Asset E	Pair Corr
0.34	WAPSX	Western Asset E	Pair Corr
0.33	WACIX	Western Asset E	Pair Corr
0.33	WABCX	Western Asset E	Pair Corr
0.32	WAPCX	Western Asset E	Pair Corr
0.32	WAPRX	Western Asset E	Pair Corr
0.31	LGOCX	Legg Mason Bw	Pair Corr
0.31	WAFSX	Western Asset Inflation	Pair Corr
0.57	ARMLX	Western Asset Adjustable	Pair Corr
0.54	ARMGX	Western Asset Adjustable	Pair Corr
0.43	LMBSX	Western Asset Mortgage	Pair Corr
0.41	WAUCX	Western Asset Total	Pair Corr
0.41	WAURX	Western Asset Total	Pair Corr
0.38	LIORX	Clearbridge International	Pair Corr

Related Correlations Analysis

	CPUCX	XHYIX	FDZBPX	FZNOPX	FFCDAX	RPBAX	WRLDX
CPUCX		-0.01	-0.03	-0.23	0.37	0.41	0.82	CPUCX
XHYIX	-0.01		0.43	0.42	0.35	0.73	0.29	XHYIX
FDZBPX	-0.03	0.43		0.72	0.7	0.27	0.38	FDZBPX
FZNOPX	-0.23	0.42	0.72		0.21	0.2	0.11	FZNOPX
FFCDAX	0.37	0.35	0.7	0.21		0.29	0.52	FFCDAX
RPBAX	0.41	0.73	0.27	0.2	0.29		0.66	RPBAX
WRLDX	0.82	0.29	0.38	0.11	0.52	0.66		WRLDX
	CPUCX	XHYIX	FDZBPX	FZNOPX	FFCDAX	RPBAX	WRLDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WRLDX	+ 0.82	CPUCX
RPBAX	+ 0.73	XHYIX
FZNOPX	+ 0.72	FDZBPX
FFCDAX	+ 0.7	FDZBPX
WRLDX	+ 0.66	RPBAX
WRLDX	+ 0.52	FFCDAX

High negative correlations

FZNOPX	- 0.23	CPUCX
FDZBPX	- 0.03	CPUCX
XHYIX	- 0.01	CPUCX

Risk-Adjusted Indicators

There is a big difference between SCHCX Mutual Fund performing well and Qs Growth 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 Growth'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
CPUCX	0.26	0.01	0.23	0.04	0.26	(0.31)	0.44	(0.54)	1.45
XHYIX	0.16	(0.04)	0.00	1.15	0.00	0.00	0.25	(0.49)	1.31
FDZBPX	0.42	(0.03)	0.00	0.27	0.00	0.00	0.80	(1.01)	2.94
FZNOPX	0.75	0.04	0.07	(0.01)	0.87	(0.83)	1.55	(1.63)	3.75
FFCDAX	0.13	(0.01)	0.00	0.78	0.00	0.00	0.21	(0.41)	1.14
RPBAX	0.57	(0.11)	0.00	0.36	0.00	0.00	0.93	(1.07)	6.85
WRLDX	0.64	(0.02)	0.00	0.10	0.00	0.00	1.24	(1.68)	2.96

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC