Spirit Of Correlations

SOIVX Fund  USD 31.44  0.05  0.16%   
The current 90-days correlation between Spirit Of America and Ms Global Fixed is -0.09 (i.e., Good diversification). The correlation of Spirit Of 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.

Spirit Of Correlation With Market

Good diversification

The correlation between Spirit Of America and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Of America 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 Spirit Of America. 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 real.

Moving together with Spirit Mutual Fund

  0.88SACVX Spirit Of AmericaPairCorr
  0.88SOAVX Spirit Of AmericaPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.66VTSMX Vanguard Total StockPairCorr
  0.75VITSX Vanguard Total StockPairCorr
  0.75VSMPX Vanguard Total StockPairCorr
  0.66VSTSX Vanguard Total StockPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.75VFFSX Vanguard 500 IndexPairCorr
  0.7VINIX Vanguard InstitutionalPairCorr
  0.7VIIIX Vanguard InstitutionalPairCorr

Moving against Spirit Mutual Fund

  0.39SACTX Spirit Of AmericaPairCorr
  0.73RYUHX Inverse Sp 500PairCorr
  0.53WATCX Western Asset IntermPairCorr
  0.49ASBFX Short Term BondPairCorr
  0.47MINFX Mfs International ValuePairCorr
  0.45HIMZX Virtus Low DurationPairCorr
  0.43PUGCX Putnam Global EquityPairCorr
  0.43NSITX Northern Short-intermediaPairCorr
  0.4VTIAX Vanguard Total InterPairCorr
  0.33VGTSX Vanguard Total InterPairCorr
  0.68FXIDX Fixed Income SharesPairCorr
  0.55NECRX Loomis Sayles EPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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.