Stringer Growth Correlations

Mutual Funds USA . 
Fund . Stringer Growth Fund
SRGIX Fund  USD 13.13  0.01  0.08%   
The current 90-days correlation between Stringer Growth and Nationwide Investor Destinations is 0.97 (i.e., Almost no 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

Very poor diversification

The correlation between Stringer Growth Fund and DJI is 0.89 (i.e., Very 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 gross domestic product.

Moving together with Stringer Mutual Fund

  0.88SRGAX Stringer GrowthPairCorr
  1.0SRGCX Stringer GrowthPairCorr
  0.83VTSAX Vanguard Total StockPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.83VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.62RMBKX Rmb Mendon FinancialPairCorr
  0.76NQCRX Nuveen Nwq LargePairCorr
  0.77AZNAX Allianzgi Income GrowthPairCorr
  0.91JAAAX Alternative AssetPairCorr
  0.85GMCQX Gmo Equity AllocationPairCorr
  0.79WCMJX Wcm Focused SmallPairCorr
  0.86IGIVX Integrity Growth IncomePairCorr
  0.78JPPEX Jpmorgan Mid CapPairCorr
  0.84CDJAX American Funds CollegePairCorr
  0.76HWAAX Hotchkis Wiley ValuePairCorr
  0.78JRLPX Multi Index 2020PairCorr
  0.79WMKGX Wesmark GrowthPairCorr
  0.85NWGSX Nationwide Highmark SmallPairCorr

Related Correlations Analysis

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRGIX  0.37 (0.03)(0.15) 0.06  0.41 
(0.42)
 0.72 
(0.78)
 2.26 
NDMSX  0.45 (0.01)(0.08) 0.10  0.48 
(0.52)
 0.94 
(0.94)
 2.50 
AOUAX  0.06  0.01 (0.96)(0.67) 0.00 
(0.18)
 0.10 
(0.10)
 0.51 
AMHYX  0.13  0.03 (0.30)(2.59) 0.00 
(0.32)
 0.28 
(0.28)
 0.85 
GSCYX  0.86 (0.01) 0.03  0.10  0.83 
(1.06)
 2.14 
(1.37)
 7.13 
PGAIX  0.33 (0.01)(0.17) 0.09  0.34 
(0.38)
 0.74 
(0.67)
 2.04 
GMXIX  0.71  0.00  0.02  0.12  0.66 
(0.76)
 1.67 
(1.18)
 5.20 
RSCCX  1.05  0.19  0.10  0.54  1.08 
(1.18)
 2.34 
(1.76)
 5.59 
GVCIX  0.58  0.08 (0.03) 1.14  0.58 
(0.68)
 1.23 
(1.12)
 3.72 
FZROX  0.56  0.13  0.01  33.11  0.66 
(0.60)
 1.12 
(1.34)
 4.11 

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