361 Global Correlations

AGAQX Fund

USD 12.60 0.01 0.08%

The current 90-days correlation between 361 Global Longshort and 361 Global Longshort is 0.99 (i.e., No risk reduction). The correlation of 361 Global 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 Global Correlation With Market

Poor diversification

The correlation between 361 Global Longshort and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 361 Global Longshort and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 361 Global Longshort. 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 producer price index.

Moving together with 361 Mutual Fund

1.0	AGAZX	361 Global Longshort	Pair Corr
1.0	AGAWX	361 Global Longshort	Pair Corr
0.65	WHIYX	Ivy High Income	Pair Corr
0.69	IVHIX	Ivy High Income	Pair Corr
0.66	IHIFX	Ivy High Income	Pair Corr
0.67	WRHIX	Ivy High Income	Pair Corr
0.65	WHIAX	Ivy High Income	Pair Corr
0.8	BALFX	American Balanced	Pair Corr
0.77	FAIGX	Fidelity Advisor Balanced	Pair Corr
0.89	PGAIX	Pimco Global Multi	Pair Corr
0.74	HGXVX	Hartford Global Impact	Pair Corr
0.63	MLMAX	Global E Portfolio	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.78	LIGYX	Loomis Sayles Intern	Pair Corr
0.77	SRORX	Calamos Antetokounmpo	Pair Corr

Related Correlations Analysis

	AGAZX	SDRAX	BPIRX	AGAWX	QLEIX
AGAZX		0.67	0.6	1.0	0.31	AGAZX
SDRAX	0.67		0.95	0.67	0.81	SDRAX
BPIRX	0.6	0.95		0.6	0.88	BPIRX
AGAWX	1.0	0.67	0.6		0.31	AGAWX
QLEIX	0.31	0.81	0.88	0.31		QLEIX
	AGAZX	SDRAX	BPIRX	AGAWX	QLEIX

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Risk-Adjusted Indicators

There is a big difference between 361 Mutual Fund performing well and 361 Global 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 Global'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
AGAZX	0.31	(0.05)	(0.34)	(0.01)	0.34	(0.39)	0.64	(0.62)	2.03
SDRAX	0.30	0.01	(0.13)	0.16	0.26	(0.33)	0.66	(0.60)	2.31
BPIRX	0.32	0.00	(0.17)	0.12	0.21	(0.38)	0.78	(0.46)	2.22
AGAWX	0.32	(0.05)	(0.34)	(0.01)	0.36	(0.37)	0.64	(0.54)	2.18
QLEIX	0.32	0.05	(0.08)	0.28	0.21	(0.38)	0.74	(0.56)	2.24

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361 Global Correlations

361 Global Correlation With Market

Poor diversification

Moving together with 361 Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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