Sound Shore Correlations

SSHFX Fund

USD 50.30 0.18 0.36%

The current 90-days correlation between Sound Shore Fund and Dreyfusstandish Global Fixed is -0.02 (i.e., Good diversification). The correlation of Sound Shore 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.

Sound Shore Correlation With Market

Very poor diversification

The correlation between Sound Shore Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sound Shore 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 Sound Shore 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 census.

Moving together with Sound Mutual Fund

1.0	SSHVX	Sound Shore Fund	Pair Corr
0.96	VVIAX	Vanguard Value Index	Pair Corr
0.97	DOXGX	Dodge Cox Stock	Pair Corr
0.87	AFMFX	American Mutual	Pair Corr
0.87	FFMMX	American Funds American	Pair Corr
0.87	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.87	AMFFX	American Mutual	Pair Corr
0.86	AMFCX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.96	VIVAX	Vanguard Value Index	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.63	IVHIX	Ivy High Income	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.92	CII	Blackrock Enhanced	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.9	BDJ	Blackrock Enhanced Equity	Pair Corr
0.91	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.84	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.89	DIS	Walt Disney Sell-off Trend	Pair Corr
0.9	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.93	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Sound Mutual Fund

0.57	CIFRX	Columbia Porate Income	Pair Corr
0.56	LIIAX	Columbia Porate Income	Pair Corr
0.55	SRINX	Columbia Porate Income	Pair Corr
0.76	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	DHGAX	LFLCX	DHGCX	ARECX	AGAZX	GGESX	SGMAX	MSTGX
DHGAX		0.94	1.0	0.9	-0.28	-0.12	-0.28	0.74	DHGAX
LFLCX	0.94		0.94	0.91	-0.03	0.02	-0.18	0.78	LFLCX
DHGCX	1.0	0.94		0.91	-0.28	-0.14	-0.31	0.73	DHGCX
ARECX	0.9	0.91	0.91		-0.01	0.1	-0.14	0.78	ARECX
AGAZX	-0.28	-0.03	-0.28	-0.01		0.73	0.66	0.19	AGAZX
GGESX	-0.12	0.02	-0.14	0.1	0.73		0.88	0.45	GGESX
SGMAX	-0.28	-0.18	-0.31	-0.14	0.66	0.88		0.32	SGMAX
MSTGX	0.74	0.78	0.73	0.78	0.19	0.45	0.32		MSTGX
	DHGAX	LFLCX	DHGCX	ARECX	AGAZX	GGESX	SGMAX	MSTGX

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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

DHGCX	+ 1.0	DHGAX
LFLCX	+ 0.94	DHGAX
DHGCX	+ 0.94	LFLCX
ARECX	+ 0.91	LFLCX
ARECX	+ 0.91	DHGCX
ARECX	+ 0.9	DHGAX

High negative correlations

SGMAX	- 0.31	DHGCX
AGAZX	- 0.28	DHGCX
SGMAX	- 0.28	DHGAX
AGAZX	- 0.28	DHGAX
SGMAX	- 0.18	LFLCX
SGMAX	- 0.14	ARECX

Risk-Adjusted Indicators

There is a big difference between Sound Mutual Fund performing well and Sound Shore 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 Sound Shore'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
DHGAX	0.17	0.00	(0.68)	0.16	0.15	(0.20)	0.34	(0.24)	0.98
LFLCX	0.18	(0.01)	(0.54)	(0.35)	0.19	(0.22)	0.32	(0.32)	1.16
DHGCX	0.16	0.00	(0.68)	0.37	0.16	(0.19)	0.35	(0.25)	0.96
ARECX	0.58	(0.02)	(0.14)	0.05	0.75	(0.60)	1.06	(1.33)	3.31
AGAZX	0.31	(0.05)	(0.34)	(0.01)	0.34	(0.39)	0.64	(0.62)	2.03
GGESX	0.60	(0.06)	(0.09)	0.06	0.80	(0.61)	1.12	(1.36)	3.48
SGMAX	0.35	0.00	(0.19)	0.12	0.26	(0.42)	0.71	(0.63)	1.58
MSTGX	0.23	(0.02)	(0.41)	0.02	0.21	(0.30)	0.53	(0.42)	1.17

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