Stringer Growth Correlations

SRGAX Fund

USD 12.40 0.02 0.16%

The current 90-days correlation between Stringer Growth and Oil Gas Ultrasector is 0.45 (i.e., Very weak diversification). The correlation of Stringer Growth 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.

Stringer Growth Correlation With Market

Poor diversification

The correlation between Stringer Growth Fund and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stringer Growth Fund 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 Stringer Growth Fund. 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 nation.

Moving together with Stringer Mutual Fund

1.0	SRGIX	Stringer Growth	Pair Corr
1.0	SRGCX	Stringer Growth	Pair Corr
0.8	ABRIX	Invesco Balanced Risk	Pair Corr

Moving against Stringer Mutual Fund

0.52	SDFCX	Swan Defined Risk	Pair Corr
0.66	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	ENPSX	TREIX	XGNTX	XEMOX	GLEAX	TMLAX
ENPSX		0.41	0.66	0.91	0.91	0.92	ENPSX
TREIX	0.41		0.86	0.54	0.35	0.41	TREIX
XGNTX	0.66	0.86		0.74	0.58	0.62	XGNTX
XEMOX	0.91	0.54	0.74		0.96	0.98	XEMOX
GLEAX	0.91	0.35	0.58	0.96		1.0	GLEAX
TMLAX	0.92	0.41	0.62	0.98	1.0		TMLAX
	ENPSX	TREIX	XGNTX	XEMOX	GLEAX	TMLAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Stringer Mutual Fund performing well and Stringer Growth 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 Stringer Growth'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
ENPSX	1.53	0.14	0.06	0.09	2.19	(1.39)	3.17	(3.59)	8.59
TREIX	0.07	0.02	0.53	2.63	0.00	(0.13)	0.20	(0.10)	0.60
XGNTX	0.56	0.10	0.16	0.22	0.75	(0.60)	1.26	(1.07)	3.07
XEMOX	1.14	0.15	0.10	0.13	1.44	(1.22)	2.29	(2.24)	6.66
GLEAX	1.05	0.11	0.09	0.11	1.39	(1.07)	1.92	(2.42)	6.59
TMLAX	1.00	0.12	0.10	0.13	1.27	(1.10)	1.88	(2.24)	6.23

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