Strategic Income Correlations

ASIGX Fund

USD 8.97 0.02 0.22%

The current 90-days correlation between Strategic Income and The Hartford Emerging is 0.51 (i.e., Very weak diversification). The correlation of Strategic Income 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Income Fund. 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 price.

Moving together with Strategic Mutual Fund

0.95	CDBCX	Diversified Bond	Pair Corr
0.97	TWACX	Short Term Government	Pair Corr
0.96	TWARX	Short Term Government	Pair Corr
0.97	TWAVX	Short Term Government	Pair Corr
0.75	TWGAX	International Growth	Pair Corr
0.75	TWIEX	International Growth	Pair Corr
0.83	TWTIX	Intermediate Term Tax	Pair Corr
0.96	TWUSX	Short Term Government	Pair Corr
0.96	TWUOX	Short Term Government	Pair Corr
0.86	TWWOX	Intermediate Term Tax	Pair Corr

Moving against Strategic Mutual Fund

0.63	TWCUX	Ultra Fund Investor	Pair Corr
0.62	TWCCX	Ultra Fund C	Pair Corr
0.61	AMEIX	Equity Growth	Pair Corr
0.59	TWCAX	Select Fund A	Pair Corr
0.59	TWCIX	Select Fund Investor	Pair Corr
0.59	TWHIX	Heritage Fund Investor	Pair Corr
0.56	TWCGX	Growth Fund Investor	Pair Corr
0.56	TWGIX	Growth Fund I	Pair Corr
0.56	TWRCX	Growth Fund C	Pair Corr
0.54	AMGIX	Income Growth	Pair Corr
0.53	TWADX	Value Fund A	Pair Corr
0.39	TWEAX	Equity Income	Pair Corr
0.38	TWEIX	Equity Income	Pair Corr
0.37	AMDVX	Mid Cap Value	Pair Corr
0.37	AMVYX	Mid Cap Value	Pair Corr
0.36	AMVGX	Mid Cap Value	Pair Corr
0.35	AMVRX	Mid Cap Value	Pair Corr
0.63	TWUAX	Ultra Fund A	Pair Corr
0.63	TWUIX	Ultra Fund I	Pair Corr
0.59	TWSIX	Select Fund I	Pair Corr
0.53	TWVLX	Value Fund Investor	Pair Corr
0.47	ANONX	Small Cap Growth	Pair Corr
0.47	ANOGX	Small Cap Growth	Pair Corr
0.47	ANOIX	Small Cap Growth	Pair Corr
0.47	ANOAX	Small Cap Growth	Pair Corr
0.46	ANOCX	Small Cap Growth	Pair Corr
0.36	TWSAX	Strategic Allocation:	Pair Corr

Related Correlations Analysis

	HLDTX	EMSLX	XEDDX	LOTCX	REMVX	EPEIX	KMKCX	XEMDX
HLDTX		0.43	0.93	0.55	0.47	0.4	-0.81	0.56	HLDTX
EMSLX	0.43		0.11	-0.24	0.97	0.96	-0.15	0.45	EMSLX
XEDDX	0.93	0.11		0.72	0.16	0.08	-0.82	0.41	XEDDX
LOTCX	0.55	-0.24	0.72		-0.25	-0.32	-0.39	0.31	LOTCX
REMVX	0.47	0.97	0.16	-0.25		0.98	-0.21	0.46	REMVX
EPEIX	0.4	0.96	0.08	-0.32	0.98		-0.15	0.45	EPEIX
KMKCX	-0.81	-0.15	-0.82	-0.39	-0.21	-0.15		-0.17	KMKCX
XEMDX	0.56	0.45	0.41	0.31	0.46	0.45	-0.17		XEMDX
	HLDTX	EMSLX	XEDDX	LOTCX	REMVX	EPEIX	KMKCX	XEMDX

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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

EPEIX	+ 0.98	REMVX
REMVX	+ 0.97	EMSLX
EPEIX	+ 0.96	EMSLX
XEDDX	+ 0.93	HLDTX
LOTCX	+ 0.72	XEDDX
XEMDX	+ 0.56	HLDTX

High negative correlations

KMKCX	- 0.82	XEDDX
KMKCX	- 0.81	HLDTX
KMKCX	- 0.39	LOTCX
EPEIX	- 0.32	LOTCX
REMVX	- 0.25	LOTCX
LOTCX	- 0.24	EMSLX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Income 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 Income'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
HLDTX	0.33	(0.06)	0.00	(2.01)	0.00	0.00	0.66	(0.68)	1.83
EMSLX	0.75	(0.09)	0.00	(0.28)	0.00	0.00	1.76	(2.14)	6.36
XEDDX	0.39	(0.10)	0.00	(1.99)	0.00	0.00	0.89	(0.77)	3.54
LOTCX	0.64	(0.12)	0.00	(0.04)	0.00	0.00	1.09	(1.30)	4.17
REMVX	0.85	(0.07)	0.00	(0.05)	0.00	0.00	1.74	(2.04)	6.85
EPEIX	0.73	(0.01)	(0.11)	0.07	1.00	(0.75)	1.57	(1.61)	6.52
KMKCX	1.41	0.59	0.33	0.64	1.21	(1.72)	3.82	(2.21)	14.12
XEMDX	0.22	0.00	(0.29)	0.12	0.27	(0.29)	0.47	(0.56)	1.68

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Strategic Income Correlations

Moving together with Strategic Mutual Fund

Moving against Strategic Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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