Strategic Enhanced Correlations
| APENX Fund | USD 9.07 0.03 0.33% |
The current 90-days correlation between Strategic Enhanced Yield and Boyd Watterson Limited is -0.03 (i.e., Good 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
Poor diversification
The correlation between Strategic Enhanced Yield and DJI is 0.74 (i.e., Poor 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.
Strategic |
Moving together with Strategic Mutual Fund
| 0.94 | APBDX | Bond Fund Investor | PairCorr |
| 0.91 | APSTX | Limited Duration | PairCorr |
| 0.74 | APUSX | Cavanal Hill Ultra | PairCorr |
| 0.72 | APWEX | World Energy | PairCorr |
| 0.83 | AABOX | Bond Fund Class | PairCorr |
| 0.86 | AAENX | Strategic Enhanced Yield | PairCorr |
| 0.86 | AASTX | Limited Duration | PairCorr |
| 0.74 | AAUSX | Cavanal Hill Ultra | PairCorr |
| 0.63 | AAWEX | World Energy | PairCorr |
| 0.63 | ACWEX | World Energy | PairCorr |
| 0.96 | AIBNX | Bond Fund Institutional | PairCorr |
| 0.99 | AIENX | Strategic Enhanced Yield | PairCorr |
| 0.61 | AILIX | Cavanal Hill Hedged | PairCorr |
| 0.89 | AISTX | Limited Duration | PairCorr |
| 0.74 | AIUSX | Cavanal Hillultra Short | PairCorr |
| 0.68 | AIWEX | World Energy | PairCorr |
| 0.95 | DODIX | Dodge Income | PairCorr |
| 0.83 | MWTNX | Metropolitan West Total | PairCorr |
| 0.88 | MWTSX | Metropolitan West Total | PairCorr |
| 0.98 | PTTPX | Pimco Total Return | PairCorr |
| 0.97 | PTRRX | Total Return | PairCorr |
| 0.98 | PTRAX | Total Return | PairCorr |
| 0.97 | PTTRX | Total Return | PairCorr |
| 0.95 | PDBSX | Prudential Total Return | PairCorr |
| 0.75 | HLDTX | Hartford Emerging | PairCorr |
Related Correlations Analysis
| 0.95 | 0.83 | 0.81 | 0.82 | 0.94 | DWAFX | ||
| 0.95 | 0.9 | 0.86 | 0.88 | 0.95 | TBLDX | ||
| 0.83 | 0.9 | 0.85 | 0.8 | 0.93 | EICVX | ||
| 0.81 | 0.86 | 0.85 | 0.78 | 0.87 | LMUSX | ||
| 0.82 | 0.88 | 0.8 | 0.78 | 0.89 | FDBLX | ||
| 0.94 | 0.95 | 0.93 | 0.87 | 0.89 | BWDTX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DWAFX | 0.81 | 0.37 | 0.27 | (1.96) | 0.58 | 1.38 | 15.81 | |||
| TBLDX | 0.30 | 0.07 | 0.00 | 2.46 | 0.26 | 0.74 | 1.76 | |||
| EICVX | 0.66 | 0.32 | 0.45 | 7.02 | 0.00 | 1.36 | 8.80 | |||
| LMUSX | 0.65 | 0.02 | 0.01 | 0.10 | 0.76 | 1.56 | 4.94 | |||
| FDBLX | 0.12 | 0.00 | (0.33) | 0.14 | 0.00 | 0.24 | 0.71 | |||
| BWDTX | 0.05 | 0.02 | 0.00 | 0.61 | 0.00 | 0.10 | 0.20 |