Spectrum Low Correlations

SVARX Fund

USD 23.83 0.01 0.04%

The current 90-days correlation between Spectrum Low Volatility and Ontrack E Fund is 0.54 (i.e., Very weak diversification). The correlation of Spectrum Low 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 Low Correlation With Market

Weak diversification

The correlation between Spectrum Low Volatility and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Low Volatility 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 Low Volatility. 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 metropolitan statistical area.

Moving together with Spectrum Mutual Fund

0.62	SUNBX	Spectrum Unconstrained	Pair Corr
0.78	SFHYX	Hundredfold Select	Pair Corr
0.85	QBDAX	Quantified Managed Income	Pair Corr
0.87	QBDSX	Quantified Managed Income	Pair Corr
0.85	QEVOX	Quantified Evolution Plus	Pair Corr
0.82	QGLDX	Gold Bullion	Pair Corr
0.82	QGLCX	Gold Bullion	Pair Corr
0.88	KAMAX	Kensington Managed Income	Pair Corr
0.85	KAMCX	Kensington Managed Income	Pair Corr
0.89	KAMIX	Kensington Managed Income	Pair Corr
0.94	BSIKX	Blackrock Strategic	Pair Corr
0.95	BSICX	Blackrock Strategic Opps	Pair Corr
0.94	BASIX	Blackrock Strategic Opps	Pair Corr
0.95	BSIIX	Blackrock Strategic	Pair Corr
0.77	JSORX	Jpmorgan Strategic Income	Pair Corr
0.77	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.75	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.78	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.75	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.86	PMZCX	Pimco Mortgage Oppor	Pair Corr

Moving against Spectrum Mutual Fund

0.6	QETCX	Quantified Eckhardt	Pair Corr
0.59	QSTAX	Quantified Stf	Pair Corr
0.58	QSTFX	Quantified Stf	Pair Corr
0.48	QMLAX	Quantified Market Leaders	Pair Corr
0.47	QMLFX	Quantified Market Leaders	Pair Corr
0.35	SAPEX	Spectrum Advisors	Pair Corr
0.35	QTSSX	Quantified Tactical	Pair Corr
0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.87	PQTNX	Pimco Trends Managed	Pair Corr
0.87	PQTIX	Aa Pimco Tr	Pair Corr
0.59	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	OTRFX	HFSAX	SAPEX	SFHYX	CLMAX
OTRFX		0.75	0.35	0.78	0.39	OTRFX
HFSAX	0.75		0.13	0.99	0.64	HFSAX
SAPEX	0.35	0.13		0.25	-0.6	SAPEX
SFHYX	0.78	0.99	0.25		0.54	SFHYX
CLMAX	0.39	0.64	-0.6	0.54		CLMAX
	OTRFX	HFSAX	SAPEX	SFHYX	CLMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SFHYX	+ 0.99	HFSAX
SFHYX	+ 0.78	OTRFX
HFSAX	+ 0.75	OTRFX
CLMAX	+ 0.64	HFSAX
CLMAX	+ 0.54	SFHYX
CLMAX	+ 0.39	OTRFX

High negative correlations

CLMAX

- 0.6

SAPEX

Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Low 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 Low'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
OTRFX	0.09	(0.03)	0.00	(0.77)	0.00	0.00	0.10	(0.33)	0.97
HFSAX	0.21	(0.01)	0.00	(0.10)	0.00	0.00	0.34	(0.46)	1.01
SAPEX	0.50	(0.06)	0.00	(0.19)	0.00	0.00	0.78	(1.25)	3.17
SFHYX	0.20	(0.01)	0.00	(0.12)	0.00	0.00	0.36	(0.45)	1.04
CLMAX	0.31	0.03	0.14	0.62	0.31	(0.41)	0.74	(0.72)	1.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC