Stringer Growth Correlations

SRGCX Fund

USD 12.26 0.02 0.16%

The current 90-days correlation between Stringer Growth and Allianzgi Health Sciences is 0.55 (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 0.74 (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 main economic indicators.

Moving together with STRINGER Mutual Fund

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

Moving against STRINGER Mutual Fund

0.67

ABQYX

Ab Intermediate Bond

Pair Corr

Related Correlations Analysis

	RAGHX	DLRHX	BHSRX	HIAHX	XXGRX	BGHDX	PJHRX
RAGHX		0.57	0.81	0.88	0.58	0.03	0.09	RAGHX
DLRHX	0.57		0.83	0.77	0.76	0.05	-0.05	DLRHX
BHSRX	0.81	0.83		0.81	0.7	-0.12	-0.19	BHSRX
HIAHX	0.88	0.77	0.81		0.76	0.13	0.19	HIAHX
XXGRX	0.58	0.76	0.7	0.76		0.28	0.2	XXGRX
BGHDX	0.03	0.05	-0.12	0.13	0.28		0.63	BGHDX
PJHRX	0.09	-0.05	-0.19	0.19	0.2	0.63		PJHRX
	RAGHX	DLRHX	BHSRX	HIAHX	XXGRX	BGHDX	PJHRX

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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

HIAHX	+ 0.88	RAGHX
BHSRX	+ 0.83	DLRHX
BHSRX	+ 0.81	RAGHX
HIAHX	+ 0.81	BHSRX
HIAHX	+ 0.77	DLRHX
XXGRX	+ 0.76	DLRHX

High negative correlations

PJHRX	- 0.19	BHSRX
BGHDX	- 0.12	BHSRX
PJHRX	- 0.05	DLRHX

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
RAGHX	0.73	(0.02)	0.00	(0.12)	0.00	0.00	1.25	(1.25)	3.57
DLRHX	0.66	(0.03)	0.00	0.07	0.00	0.00	1.30	(1.26)	3.41
BHSRX	0.64	0.05	0.10	0.01	0.75	(0.70)	1.32	(0.99)	3.74
HIAHX	0.70	(0.07)	0.00	0.37	0.00	0.00	1.39	(1.35)	4.43
XXGRX	0.79	(0.06)	0.00	0.53	0.00	0.00	1.51	(1.72)	4.62
BGHDX	0.06	(0.04)	0.00	(1.86)	0.00	0.00	0.00	(0.17)	1.37
PJHRX	1.08	(0.32)	0.00	0.62	0.00	0.00	1.79	(2.06)	14.08

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