361 Domestic Correlations
| ADMZXDelisted Fund | USD 7.41 0.00 0.00% |
The current 90-days correlation between 361 Domestic Longshort and Calvert Global Energy is -0.16 (i.e., Good diversification). The correlation of 361 Domestic 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.
361 Domestic Correlation With Market
Average diversification
The correlation between 361 Domestic Longshort and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 361 Domestic Longshort and DJI in the same portfolio, assuming nothing else is changed.
361 |
Moving together with 361 Mutual Fund
| 0.71 | NLSCX | Neuberger Berman Long | PairCorr |
| 0.74 | NLSAX | Neuberger Berman Long | PairCorr |
| 0.74 | NLSIX | Neuberger Berman Long | PairCorr |
| 0.7 | QLERX | Aqr Long Short | PairCorr |
| 0.79 | ASLAX | Ab Select Longshort | PairCorr |
| 0.79 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.81 | KSCOX | Kinetics Small Cap | PairCorr |
| 0.76 | KINCX | Kinetics Internet | PairCorr |
| 0.79 | KMKCX | Kinetics Market Oppo | PairCorr |
| 0.8 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.81 | KSOCX | Kinetics Small Cap | PairCorr |
| 0.79 | KNPAX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.84 | LETRX | Voya Russia Fund | PairCorr |
| 0.79 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.81 | KSCYX | Kinetics Small Cap | PairCorr |
| 0.79 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.7 | CII | Blackrock Enhanced | PairCorr |
| 0.79 | VFINX | Vanguard 500 Index | PairCorr |
| 0.81 | BDJ | Blackrock Enhanced Equity | PairCorr |
| 0.72 | WMT | Walmart Aggressive Push | PairCorr |
| 0.89 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.73 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.83 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against 361 Mutual Fund
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.63 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.6 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.55 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.45 | RBCUX | Tax Exempt Bond | PairCorr |
| 0.32 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.27 | 0.46 | 0.19 | 0.42 | 0.15 | CGAEX | ||
| -0.27 | 0.6 | 0.83 | 0.69 | 0.87 | APWEX | ||
| 0.46 | 0.6 | 0.94 | 0.95 | 0.73 | SBMBX | ||
| 0.19 | 0.83 | 0.94 | 0.94 | 0.85 | FRNRX | ||
| 0.42 | 0.69 | 0.95 | 0.94 | 0.84 | PNRCX | ||
| 0.15 | 0.87 | 0.73 | 0.85 | 0.84 | GRHAX | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 361 Mutual Fund performing well and 361 Domestic 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 361 Domestic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGAEX | 0.74 | (0.06) | (0.12) | (0.02) | 1.06 | 1.46 | 4.70 | |||
| APWEX | 0.88 | 0.07 | 0.05 | 0.20 | 1.00 | 1.83 | 5.85 | |||
| SBMBX | 0.73 | (0.08) | (0.11) | 0.00 | 1.10 | 1.34 | 3.99 | |||
| FRNRX | 0.75 | (0.04) | (0.07) | 0.07 | 1.07 | 1.58 | 4.33 | |||
| PNRCX | 0.88 | (0.07) | (0.07) | 0.04 | 1.41 | 2.06 | 5.47 | |||
| GRHAX | 1.06 | 0.04 | 0.02 | 0.18 | 1.32 | 2.47 | 6.17 |
361 Domestic Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 361 Domestic mutual fund to make a market-neutral strategy. Peer analysis of 361 Domestic could also be used in its relative valuation, which is a method of valuing 361 Domestic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in 361 Domestic Longshort?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.