Alps/smith Total Correlations

SMAMX Fund

USD 9.70 0.02 0.21%

The current 90-days correlation between Alpssmith Total Return and Cohen Steers Real is 0.06 (i.e., Significant diversification). The correlation of Alps/smith Total 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.

Alps/smith Total Correlation With Market

Very good diversification

The correlation between Alpssmith Total Return and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpssmith Total Return 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 Alpssmith Total Return. 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 population.

Moving together with Alps/smith Mutual Fund

0.94	SMASX	Alpssmith Short Duration	Pair Corr
0.96	SMCMX	Alpssmith Short Duration	Pair Corr
0.95	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.91	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.96	SMCHX	Alpssmith Total Return	Pair Corr
0.95	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.95	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.92	SMDSX	Alpssmith Short Duration	Pair Corr
0.94	SMRSX	Alpssmith Short Duration	Pair Corr
1.0	SMTRX	Alpssmith Total Return	Pair Corr
0.96	SMTHX	Alpssmith Total Return	Pair Corr
0.96	MWTNX	Metropolitan West Total	Pair Corr
0.96	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr

Moving against Alps/smith Mutual Fund

0.67	INFCX	Alpskotak India Growth	Pair Corr
0.66	INAAX	Alpskotak India Growth	Pair Corr
0.66	INDAX	Alpskotak India Growth	Pair Corr
0.66	INDIX	Alpskotak India Growth	Pair Corr
0.66	INDSX	Financial Investors Trust	Pair Corr
0.31	ALCBX	ALPSSmith Balanced	Pair Corr

Related Correlations Analysis

	CREFX	NRCFX	TRREX	FRIOX	NRSCX	DFREX
CREFX		0.9	0.98	0.91	0.41	0.82	CREFX
NRCFX	0.9		0.92	0.71	0.07	0.75	NRCFX
TRREX	0.98	0.92		0.9	0.38	0.84	TRREX
FRIOX	0.91	0.71	0.9		0.6	0.79	FRIOX
NRSCX	0.41	0.07	0.38	0.6		0.32	NRSCX
DFREX	0.82	0.75	0.84	0.79	0.32		DFREX
	CREFX	NRCFX	TRREX	FRIOX	NRSCX	DFREX

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Risk-Adjusted Indicators

There is a big difference between Alps/smith Mutual Fund performing well and Alps/smith Total 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 Alps/smith Total'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
CREFX	0.92	0.02	0.02	(0.01)	1.28	(0.86)	1.59	(1.75)	4.82
NRCFX	0.78	(0.02)	0.00	(0.06)	0.00	0.00	1.50	(1.55)	4.40
TRREX	0.94	0.01	0.00	(0.02)	0.00	0.00	1.63	(1.89)	4.40
FRIOX	0.26	0.02	0.11	0.07	0.32	(0.28)	0.59	(0.50)	1.30
NRSCX	0.18	0.00	0.14	0.11	0.22	(0.18)	0.31	(0.37)	1.00
DFREX	0.90	(0.06)	0.00	0.17	0.00	0.00	1.65	(1.87)	4.48

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