Easterly Snow Correlations

SNORX Fund

USD 33.72 0.29 0.85%

The current 90-days correlation between Easterly Snow Longshort and Ftufox is 0.3 (i.e., Weak diversification). The correlation of Easterly Snow 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.

Easterly Snow Correlation With Market

Good diversification

The correlation between Easterly Snow Longshort and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Easterly Snow Longshort 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 Easterly Snow Longshort. 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 metropolitan statistical area.

Moving together with Easterly Mutual Fund

0.63

JHDCX

Jpmorgan Hedged Equity

Pair Corr

Moving against Easterly Mutual Fund

0.49	USPSX	Profunds Ultrashort	Pair Corr
0.48	USPIX	Profunds Ultrashort	Pair Corr
0.37	UIPIX	Ultrashort Mid Cap	Pair Corr
0.52	BRPIX	Bear Profund Bear	Pair Corr
0.44	RYUCX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	FTUFOX	OPTCX	RTIUX	FURYAX	FFCDAX	FZDAQX
FTUFOX		0.35	0.65	-0.31	0.35	0.59	FTUFOX
OPTCX	0.35		0.77	-0.13	0.12	0.16	OPTCX
RTIUX	0.65	0.77		-0.09	0.23	0.34	RTIUX
FURYAX	-0.31	-0.13	-0.09		0.39	0.35	FURYAX
FFCDAX	0.35	0.12	0.23	0.39		0.78	FFCDAX
FZDAQX	0.59	0.16	0.34	0.35	0.78		FZDAQX
	FTUFOX	OPTCX	RTIUX	FURYAX	FFCDAX	FZDAQX

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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

FZDAQX	+ 0.78	FFCDAX
RTIUX	+ 0.77	OPTCX
RTIUX	+ 0.65	FTUFOX
FZDAQX	+ 0.59	FTUFOX
FFCDAX	+ 0.39	FURYAX
OPTCX	+ 0.35	FTUFOX

High negative correlations

FURYAX	- 0.31	FTUFOX
FURYAX	- 0.13	OPTCX
FURYAX	- 0.09	RTIUX

Risk-Adjusted Indicators

There is a big difference between Easterly Mutual Fund performing well and Easterly Snow 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 Easterly Snow'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
FTUFOX	0.10	0.00	0.30	0.10	0.04	(0.10)	0.20	(0.19)	0.60
OPTCX	0.07	0.00	0.12	0.59	0.06	(0.17)	0.21	(0.21)	0.93
RTIUX	0.61	0.07	0.12	(0.48)	0.76	(0.66)	1.47	(1.45)	5.02
FURYAX	0.70	0.02	0.04	0.00	0.82	(0.78)	1.21	(1.39)	2.96
FFCDAX	0.12	(0.01)	0.00	0.93	0.00	0.00	0.21	(0.41)	1.14
FZDAQX	0.12	0.00	0.10	(0.06)	0.18	(0.15)	0.21	(0.41)	1.03

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