Stralem Equity Correlations

Mutual Funds . USA . 
Fund . Stralem Equity Fund
STRAX Fund  USD 31.01  0.12  0.39%   
The current 90-days correlation between Stralem Equity and Nationwide Highmark Short is 0.2 (i.e., Modest diversification). The correlation of Stralem Equity 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.

Stralem Equity Correlation With Market

Very poor diversification

The correlation between Stralem Equity Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stralem Equity 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 Stralem Equity 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 STRALEM Mutual Fund

  0.8STREX Sterling Capital EquityPairCorr
  1.0BBISX Sterling Capital BehPairCorr
  0.93BBTGX Sterling Capital BehPairCorr
  0.77OVEIX Sterling Capital MidPairCorr
  0.66OVEAX Sterling Capital MidPairCorr
  0.78BCEGX Sterling Capital EquityPairCorr
  1.0BCVCX Sterling Capital BehPairCorr
  0.79BEGIX Sterling Capital EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between STRALEM Mutual Fund performing well and Stralem Equity 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 Stralem Equity'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.

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