Innealta Capital Correlations

SROAX Fund

USD 12.63 0.16 1.28%

The current 90-days correlation between Innealta Capital Sector and Fidelity Vertible Securities is 0.67 (i.e., Poor diversification). The correlation of Innealta Capital 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.

Innealta Capital Correlation With Market

Very weak diversification

The correlation between Innealta Capital Sector and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innealta Capital Sector 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 Innealta Capital Sector. 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 Innealta Mutual Fund

0.79	SROIX	Calamos Antetokounmpo	Pair Corr
1.0	SROCX	Calamos Antetokounmpo	Pair Corr
1.0	SRORX	Calamos Antetokounmpo	Pair Corr
0.76	CVAIX	Calamos Opportunistic	Pair Corr
0.7	CVACX	Calamos Opportunistic	Pair Corr
0.75	CVAAX	Calamos Opportunistic	Pair Corr
0.66	CVGRX	Calamos Growth	Pair Corr
0.68	CVLOX	Calamos Global Growth	Pair Corr
0.82	CVTCX	Calamos Growth Income	Pair Corr
0.83	CVTRX	Calamos Growth Income	Pair Corr
0.63	CGCIX	Calamos Global Growth	Pair Corr
0.71	CGIOX	Calamos Growth And	Pair Corr
0.82	CGRIX	Calamos Growth	Pair Corr
0.78	CIDVX	Calamos Dividend Growth	Pair Corr
0.74	CICVX	Calamos Convertible	Pair Corr
0.69	CIGRX	Calamos International	Pair Corr
0.69	CIGOX	Calamos International	Pair Corr
0.69	CIGIX	Calamos International	Pair Corr
0.88	CIHEX	Calamos Hedged Equity	Pair Corr
0.71	CISOX	Calamos International	Pair Corr
0.63	CNWIX	Calamos Evolving World	Pair Corr
0.64	CNWGX	Calamos Evolving World	Pair Corr
0.64	CNWDX	Calamos Evolving World	Pair Corr

Related Correlations Analysis

	FCVSX	NCIDX	XAVKX	CICVX	LCFPX	WEICX	HICSX	GCV
FCVSX		0.67	0.75	0.84	0.48	0.67	0.77	0.44	FCVSX
NCIDX	0.67		0.89	0.94	0.91	0.96	0.97	0.7	NCIDX
XAVKX	0.75	0.89		0.92	0.82	0.9	0.92	0.75	XAVKX
CICVX	0.84	0.94	0.92		0.85	0.91	0.97	0.68	CICVX
LCFPX	0.48	0.91	0.82	0.85		0.89	0.9	0.74	LCFPX
WEICX	0.67	0.96	0.9	0.91	0.89		0.97	0.7	WEICX
HICSX	0.77	0.97	0.92	0.97	0.9	0.97		0.71	HICSX
GCV	0.44	0.7	0.75	0.68	0.74	0.7	0.71		GCV
	FCVSX	NCIDX	XAVKX	CICVX	LCFPX	WEICX	HICSX	GCV

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Risk-Adjusted Indicators

There is a big difference between Innealta Mutual Fund performing well and Innealta Capital 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 Innealta Capital'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
FCVSX	0.68	(0.10)	0.00	(0.26)	0.00	0.00	0.97	(1.51)	5.06
NCIDX	0.51	(0.02)	0.00	(0.06)	0.00	0.00	0.90	(0.91)	3.13
XAVKX	0.48	(0.01)	0.00	(0.05)	0.00	0.00	0.89	(0.81)	2.97
CICVX	0.57	(0.05)	0.00	(0.14)	0.00	0.00	0.91	(0.97)	3.14
LCFPX	0.57	(0.01)	0.00	(0.05)	0.00	0.00	0.89	(1.32)	3.22
WEICX	0.57	(0.02)	0.00	(0.08)	0.00	0.00	1.21	(1.22)	3.63
HICSX	0.56	(0.03)	0.00	(0.10)	0.00	0.00	1.02	(1.12)	3.22
GCV	0.90	0.01	0.01	(0.01)	1.14	(0.97)	1.83	(1.55)	5.96

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Innealta Capital Correlations

Innealta Capital Correlation With Market

Very weak diversification

Moving together with Innealta Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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