Financial Services Correlations

Mutual Funds USA . 
Fund . Financial Services Portfolio
SFPCX Fund  USD 9.54  0.01  0.10%   
The current 90-days correlation between Financial Services and Teton Vertible Securities is 0.59 (i.e., Very weak diversification). The correlation of Financial Services 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.

Financial Services Correlation With Market

Very weak diversification

The correlation between Financial Services Portfolio and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Services Portfolio 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 Financial Services Portfolio. 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 Financial Mutual Fund

  0.84SABAX Salient Alternative BetaPairCorr
  0.84SABIX Aggressive BalancedPairCorr
  0.84SABCX Salient Alternative BetaPairCorr
  0.85SAMAX Moderately AggressivePairCorr
  0.85SAMCX Salient Mlp FundPairCorr
  0.85SAMIX Moderately AggressivePairCorr
  0.78SSCCX Small CapitalizationPairCorr
  0.8SSCPX Small CapitalizationPairCorr
  0.8SSCYX Small CapitalizationPairCorr
  0.83SBCCX Moderately ConservativePairCorr
  0.91SBHIX Health BiotchnologyPairCorr
  0.84SBMBX Energy Basic MaterialsPairCorr
  0.85SBMCX Moderate BalancedPairCorr
  0.84SBMIX Moderate BalancedPairCorr
  0.9STPAX Technology CommunicationsPairCorr
  0.87STPCX Technology CommunicationsPairCorr
  0.91STPIX Technology CommunicationsPairCorr
  0.82SCAAX Conservative BalancedPairCorr
  0.83SUMCX Conservative BalancedPairCorr
  0.84SEPIX Energy Basic MaterialsPairCorr
  0.84SEPCX Energy Basic MaterialsPairCorr
  1.0SFPAX Financial ServicesPairCorr
  0.96SFPIX Financial ServicesPairCorr
  0.91SHPAX Health BiotchnologyPairCorr
  0.92SHPCX Health BiotchnologyPairCorr
  0.89SLCGX Large CapitalizationPairCorr
  0.91SLCVX Large Cap ValuePairCorr
  0.83SLGCX Large CapitalizationPairCorr
  0.88SLGYX Large CapitalizationPairCorr
  0.88SLVCX Large Cap ValuePairCorr
  0.9SLVYX Large Cap ValuePairCorr
  0.67SMBCX Municipal Bond PortfolioPairCorr
  0.65SMBAX Municipal Bond PortfolioPairCorr
  0.83SMACX Moderately ConservativePairCorr
  0.63SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Services 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 Financial Services' 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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY