Strategic Enhanced Correlations

AIENX Fund

USD 8.72 0.06 0.69%

The current 90-days correlation between Strategic Enhanced Yield and Bond Fund Investor is 0.92 (i.e., Almost no diversification). The correlation of Strategic Enhanced 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.

Strategic Enhanced Correlation With Market

Good diversification

The correlation between Strategic Enhanced Yield and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Enhanced Yield 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 Strategic Enhanced Yield. 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 board of governors.

Moving together with Strategic Mutual Fund

0.99	APBDX	Bond Fund Investor	Pair Corr
1.0	APENX	Strategic Enhanced Yield	Pair Corr
0.91	APSTX	Limited Duration	Pair Corr
0.99	AABOX	Bond Fund Class	Pair Corr
1.0	AAENX	Strategic Enhanced Yield	Pair Corr
0.9	AASTX	Limited Duration	Pair Corr
0.99	AIBNX	Bond Fund Institutional	Pair Corr
0.89	AISTX	Limited Duration	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.69	USPSX	Profunds Ultrashort Potential Growth	Pair Corr
0.68	USPIX	Profunds Ultrashort Potential Growth	Pair Corr
0.67	UIPIX	Ultrashort Mid Cap	Pair Corr

Moving against Strategic Mutual Fund

0.81	APWEX	World Energy	Pair Corr
0.81	AAWEX	World Energy	Pair Corr
0.81	ACWEX	World Energy	Pair Corr
0.81	AIWEX	World Energy	Pair Corr
0.67	AILIX	Cavanal Hill Hedged	Pair Corr
0.66	APLIX	Cavanal Hill Hedged	Pair Corr
0.66	AALIX	Astonherndon Large Cap	Pair Corr
0.64	AAUSX	Cavanal Hill Ultra	Pair Corr
0.58	APUSX	Cavanal Hill Ultra	Pair Corr
0.58	AIUSX	Cavanal Hillultra Short	Pair Corr
0.75	SMAPX	Salient Mlp Energy	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.72	PYARX	Payden Absolute Return	Pair Corr
0.71	PYAIX	Payden Absolute Return	Pair Corr
0.68	STRLX	Sterling Capital Stratton	Pair Corr
0.66	FAGIX	Fidelity Capital Income	Pair Corr
0.62	HFMIX	Hartford Midcap	Pair Corr
0.6	VTMSX	Vanguard Tax Managed	Pair Corr
0.51	BCAAX	Brandywineglobal C	Pair Corr
0.42	FIUIX	Fidelity Telecom And	Pair Corr

Related Correlations Analysis

	APBDX	APLIX	APSTX	APUSX	APWEX	AABOX	AASTX	AAUSX
APBDX		-0.72	0.88	-0.63	-0.85	1.0	0.87	-0.7	APBDX
APLIX	-0.72		-0.41	0.64	0.89	-0.72	-0.39	0.72	APLIX
APSTX	0.88	-0.41		-0.27	-0.62	0.88	0.99	-0.33	APSTX
APUSX	-0.63	0.64	-0.27		0.74	-0.62	-0.24	0.97	APUSX
APWEX	-0.85	0.89	-0.62	0.74		-0.85	-0.59	0.8	APWEX
AABOX	1.0	-0.72	0.88	-0.62	-0.85		0.87	-0.69	AABOX
AASTX	0.87	-0.39	0.99	-0.24	-0.59	0.87		-0.3	AASTX
AAUSX	-0.7	0.72	-0.33	0.97	0.8	-0.69	-0.3		AAUSX
	APBDX	APLIX	APSTX	APUSX	APWEX	AABOX	AASTX	AAUSX

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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

AABOX	+ 1.0	APBDX
AASTX	+ 0.99	APSTX
AAUSX	+ 0.97	APUSX
APWEX	+ 0.89	APLIX
APSTX	+ 0.88	APBDX
AABOX	+ 0.88	APSTX

High negative correlations

AABOX	- 0.85	APWEX
APWEX	- 0.85	APBDX
AABOX	- 0.72	APLIX
APLIX	- 0.72	APBDX
AAUSX	- 0.7	APBDX
AAUSX	- 0.69	AABOX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Enhanced 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 Strategic Enhanced'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
APBDX	0.21	(0.02)	0.00	0.38	0.00	0.00	0.36	(0.47)	1.18
APLIX	0.39	(0.03)	(0.14)	0.07	0.46	(0.44)	0.80	(0.95)	2.71
APSTX	0.09	0.00	(0.74)	0.24	0.11	(0.14)	0.22	(0.22)	0.65
APUSX	0.03	0.00	0.00	(0.31)	0.00	0.00	0.10	0.00	0.40
APWEX	0.89	0.10	0.08	0.21	0.95	(0.97)	2.01	(1.67)	5.80
AABOX	0.22	(0.02)	0.00	0.40	0.00	0.00	0.47	(0.59)	1.30
AASTX	0.09	(0.01)	(0.75)	0.45	0.11	(0.13)	0.21	(0.22)	0.75
AAUSX	0.03	0.00	0.00	(0.09)	0.00	0.00	0.10	0.00	0.40

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