Strategic Income Correlations

ASIGX Fund

USD 9.05 0.01 0.11%

The current 90-days correlation between Strategic Income and Dreyfus Large Cap is 0.21 (i.e., Modest 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.

Strategic Income Correlation With Market

Average diversification

The correlation between Strategic Income Fund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Income Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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

0.63	AMDVX	Mid Cap Value	Pair Corr
0.7	TWACX	Short Term Government	Pair Corr
0.7	TWARX	Short Term Government	Pair Corr
0.68	TWAVX	Short Term Government	Pair Corr
0.71	TWUSX	Short Term Government	Pair Corr
0.71	TWUOX	Short Term Government	Pair Corr
0.78	TWWOX	Intermediate Term Tax	Pair Corr
0.73	NPHIX	High Income Fund	Pair Corr

Related Correlations Analysis

	DLQIX	FLRAX	CBLSX	POICX	PLAAX
DLQIX		0.91	0.98	0.93	0.95	DLQIX
FLRAX	0.91		0.93	0.83	0.91	FLRAX
CBLSX	0.98	0.93		0.9	0.93	CBLSX
POICX	0.93	0.83	0.9		0.89	POICX
PLAAX	0.95	0.91	0.93	0.89		PLAAX
	DLQIX	FLRAX	CBLSX	POICX	PLAAX

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
DLQIX	0.88	0.32	0.31	0.63	0.38	(1.06)	1.47	(1.30)	19.80
FLRAX	0.69	0.10	0.09	0.17	0.81	(0.70)	1.43	(1.38)	8.00
CBLSX	0.78	0.19	0.21	0.35	0.42	(1.02)	1.41	(1.00)	14.02
POICX	0.62	0.17	0.27	0.36	0.00	(0.83)	0.81	(0.81)	16.27
PLAAX	1.32	0.47	0.36	2.11	0.57	(1.58)	1.90	(1.92)	36.26

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Strategic Income Correlations

Strategic Income Correlation With Market

Average diversification

Moving together with Strategic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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