Xsabx Correlations

XSABX Fund

10.18 0.18 1.80%

The current 90-days correlation between Xsabx and Mid Cap Growth is -0.02 (i.e., Good diversification). The correlation of Xsabx 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.

Xsabx Correlation With Market

Significant diversification

The correlation between Xsabx and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xsabx and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xsabx. 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 Xsabx Mutual Fund

0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.84	VFFSX	Vanguard 500 Index	Pair Corr
0.77	CGSAX	Columbia Growth 529	Pair Corr
0.71	HCMFX	Hcm Dynamic Income	Pair Corr
0.83	BSDAX	Blackrock Smid Cap	Pair Corr
0.92	MEGIX	Msvif Growth Port	Pair Corr
0.8	ELFNX	Elfun Trusts Elfun	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.65	MSFT	Microsoft Sell-off Trend	Pair Corr
0.96	WMT	Walmart	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Xsabx Mutual Fund

0.9	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.55	VGTSX	Vanguard Total Inter	Pair Corr
0.55	VTIAX	Vanguard Total Inter	Pair Corr
0.4	BIGBX	Blackrock Government Bond	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.31	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	TEGAX	FRAAX	HSUAX	LGLSX	IBSAX	LANIX
TEGAX		0.9	0.9	0.95	0.77	0.91	TEGAX
FRAAX	0.9		0.87	0.89	0.75	0.97	FRAAX
HSUAX	0.9	0.87		0.96	0.66	0.85	HSUAX
LGLSX	0.95	0.89	0.96		0.64	0.87	LGLSX
IBSAX	0.77	0.75	0.66	0.64		0.81	IBSAX
LANIX	0.91	0.97	0.85	0.87	0.81		LANIX
	TEGAX	FRAAX	HSUAX	LGLSX	IBSAX	LANIX

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Risk-Adjusted Indicators

There is a big difference between Xsabx Mutual Fund performing well and Xsabx 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 Xsabx'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
TEGAX	0.85	0.10	0.07	0.33	1.07	(0.92)	1.98	(1.56)	6.24
FRAAX	0.75	0.04	0.03	0.07	1.14	(0.69)	1.44	(1.33)	5.84
HSUAX	0.71	0.14	0.12	(20.96)	0.80	(0.82)	1.41	(1.23)	4.58
LGLSX	0.91	0.24	0.15	1.17	1.10	(0.95)	2.43	(1.69)	5.68
IBSAX	0.66	(0.04)	0.00	(0.21)	0.00	0.00	1.19	(1.59)	4.24
LANIX	0.48	0.01	0.00	0.04	0.63	(0.56)	0.91	(0.86)	4.70

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