Spectrum Unconstrained Correlations

SUNBX Fund

USD 19.09 0.08 0.42%

The current 90-days correlation between Spectrum Unconstrained and Calvert High Yield is -0.04 (i.e., Good diversification). The correlation of Spectrum Unconstrained 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.

Spectrum Unconstrained Correlation With Market

Average diversification

The correlation between Spectrum Unconstrained and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Unconstrained 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 Spectrum Unconstrained. 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 bureau of labor statistics.

Moving together with Spectrum Mutual Fund

0.81	OTRFX	Ontrack E Fund	Pair Corr
0.8	OTRGX	Ontrack E Fund	Pair Corr
0.8	SVARX	Spectrum Low Volatility	Pair Corr
0.73	BSIKX	Blackrock Strategic	Pair Corr
0.73	BSICX	Blackrock Strategic Opps	Pair Corr
0.71	BASIX	Blackrock Strategic Opps	Pair Corr
0.73	BSIIX	Blackrock Strategic	Pair Corr
0.67	BTMPX	Ishares Msci Eafe	Pair Corr
0.67	BTMKX	Blackrock International	Pair Corr
0.67	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Spectrum Mutual Fund

0.65

FMFFX

Fs Managed Futures

Pair Corr

Related Correlations Analysis

	CYBAX	SIHSX	PHYZX	ACHFX	GHVIX	SGYAX
CYBAX		0.95	0.86	0.95	0.9	0.77	CYBAX
SIHSX	0.95		0.91	0.98	0.91	0.81	SIHSX
PHYZX	0.86	0.91		0.93	0.89	0.84	PHYZX
ACHFX	0.95	0.98	0.93		0.92	0.88	ACHFX
GHVIX	0.9	0.91	0.89	0.92		0.77	GHVIX
SGYAX	0.77	0.81	0.84	0.88	0.77		SGYAX
	CYBAX	SIHSX	PHYZX	ACHFX	GHVIX	SGYAX

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Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Unconstrained 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 Spectrum Unconstrained'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CYBAX	0.10	0.01	(0.78)	(4.99)	(0.13)	0.24	(0.16)	0.73
SIHSX	0.11	0.02	(0.79)	(1.11)	(0.17)	0.30	(0.20)	0.70
PHYZX	0.13	0.02	(0.41)	1.36	(0.28)	0.42	(0.21)	0.63
ACHFX	0.13	0.03	(0.51)	(1.04)	(0.20)	0.35	(0.23)	0.93
GHVIX	0.13	0.02	(0.47)	1.26	(0.17)	0.23	(0.28)	0.72
SGYAX	0.14	0.04	(0.47)	(0.81)	(0.25)	0.28	(0.14)	1.28

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