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

0.88	SACVX	Spirit Of America	Pair Corr
0.88	SOAVX	Spirit Of America	Pair Corr
0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr
0.7	VIIIX	Vanguard Institutional	Pair Corr

Moving against Spirit Mutual Fund

0.39	SACTX	Spirit Of America	Pair Corr
0.73	RYUHX	Inverse Sp 500	Pair Corr
0.53	WATCX	Western Asset Interm	Pair Corr
0.49	ASBFX	Short Term Bond	Pair Corr
0.47	MINFX	Mfs International Value	Pair Corr
0.45	HIMZX	Virtus Low Duration	Pair Corr
0.43	PUGCX	Putnam Global Equity	Pair Corr
0.43	NSITX	Northern Short-intermedia	Pair Corr
0.4	VTIAX	Vanguard Total Inter	Pair Corr
0.33	VGTSX	Vanguard Total Inter	Pair Corr
0.68	FXIDX	Fixed Income Shares	Pair Corr
0.55	NECRX	Loomis Sayles E	Pair Corr

Related Correlations Analysis

	MFIRX	PAEIX	JSLCX	JSEAX	SPRDX	RTNSX	DODFX	NWJVX
MFIRX		0.92	0.85	0.94	0.8	0.91	0.93	0.95	MFIRX
PAEIX	0.92		0.79	1.0	0.85	0.99	0.97	0.89	PAEIX
JSLCX	0.85	0.79		0.8	0.81	0.81	0.81	0.7	JSLCX
JSEAX	0.94	1.0	0.8		0.85	0.99	0.97	0.91	JSEAX
SPRDX	0.8	0.85	0.81	0.85		0.86	0.9	0.74	SPRDX
RTNSX	0.91	0.99	0.81	0.99	0.86		0.97	0.86	RTNSX
DODFX	0.93	0.97	0.81	0.97	0.9	0.97		0.89	DODFX
NWJVX	0.95	0.89	0.7	0.91	0.74	0.86	0.89		NWJVX
	MFIRX	PAEIX	JSLCX	JSEAX	SPRDX	RTNSX	DODFX	NWJVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFIRX	0.11	0.01	0.31	0.72	0.00	(0.21)	0.19	(0.19)	0.77
PAEIX	0.66	0.14	0.18	0.18	0.78	(0.71)	1.50	(1.54)	4.54
JSLCX	0.20	(0.01)	0.20	0.17	0.27	(0.23)	0.42	(0.34)	1.11
JSEAX	0.66	0.15	0.19	0.19	0.77	(0.68)	1.49	(1.22)	4.60
SPRDX	0.69	(0.01)	0.06	0.00	1.18	(0.64)	1.35	(1.59)	4.63
RTNSX	0.60	0.11	0.17	0.15	0.74	(0.65)	1.47	(1.45)	4.86
DODFX	0.67	0.12	0.21	(0.99)	0.71	(0.68)	1.30	(1.32)	4.77
NWJVX	0.08	0.01	0.68	0.92	0.00	(0.14)	0.20	(0.10)	0.61

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