Standpoint Multi-asset Correlations

BLNDX Fund

USD 15.59 0.04 0.26%

The current 90-days correlation between Standpoint Multi Asset and Frost Total Return is 0.24 (i.e., Modest diversification). The correlation of Standpoint Multi-asset 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.

Standpoint Multi-asset Correlation With Market

Very poor diversification

The correlation between Standpoint Multi Asset and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standpoint Multi Asset 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 Standpoint Multi Asset. 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 unemployment.

Moving together with Standpoint Mutual Fund

1.0	REMIX	Standpoint Multi Asset	Pair Corr
0.84	BIMBX	Blackrock Alternative	Pair Corr
0.84	BAMBX	Blackrock Alternative	Pair Corr
0.83	BMBCX	Blackrock Alternative	Pair Corr
0.84	BKMBX	Blackrock Systematic	Pair Corr
0.88	BXMYX	Blackstone Alternative	Pair Corr
0.89	GARTX	Goldman Sachs Absolute	Pair Corr
0.88	GCRTX	Goldman Sachs Absolute	Pair Corr
0.88	BXMIX	Blackstone Alternative	Pair Corr
0.86	BXMDX	Blackstone Alternative	Pair Corr
0.78	MGGYX	Mirova Global Green	Pair Corr
0.9	HLDIX	Hartford Emerging	Pair Corr
0.89	HLDRX	Hartford Emerging	Pair Corr
0.91	HLDAX	Hartford Emerging	Pair Corr
0.91	HLDCX	Hartford Emerging	Pair Corr
0.89	HLDTX	Hartford Emerging	Pair Corr
0.82	KMDVX	Keeley Mid Cap	Pair Corr
0.81	FSTYX	Federated Short Term	Pair Corr
0.86	BTFCX	Bts Tactical Fixed	Pair Corr
0.75	RYHCX	Health Care Fund	Pair Corr
0.85	PIPNX	Pimco Income	Pair Corr
0.9	PMDDX	Small Midcap Dividend	Pair Corr
0.89	CPATX	Counterpoint Tactical	Pair Corr
0.89	SADIX	Wells Fargo Ultra	Pair Corr
0.8	HDGCX	Hartford Dividend	Pair Corr
0.9	NDASX	Nationwide Investor	Pair Corr
0.84	SVAAX	Federated Strategic Value	Pair Corr
0.85	OAZEX	Oakmark International	Pair Corr
0.88	PASIX	Pace Alternative Str	Pair Corr
0.92	SSAWX	State Street Target	Pair Corr
0.92	PGLRX	Putnam Global Equity	Pair Corr
0.89	SCMIX	Columbia Seligman	Pair Corr
0.93	ADVAX	Api Efficient Frontier	Pair Corr
0.87	MURHX	Mutual Of America	Pair Corr

Related Correlations Analysis

	PARDX	CSXRX	OSIYX	BUYGX	WBCRX	BMOPX	AUUYX	FATRX
PARDX		0.91	0.92	0.88	0.96	0.69	0.91	0.73	PARDX
CSXRX	0.91		0.83	0.91	0.93	0.57	0.98	0.55	CSXRX
OSIYX	0.92	0.83		0.79	0.84	0.71	0.84	0.76	OSIYX
BUYGX	0.88	0.91	0.79		0.89	0.62	0.9	0.63	BUYGX
WBCRX	0.96	0.93	0.84	0.89		0.67	0.91	0.68	WBCRX
BMOPX	0.69	0.57	0.71	0.62	0.67		0.54	0.92	BMOPX
AUUYX	0.91	0.98	0.84	0.9	0.91	0.54		0.55	AUUYX
FATRX	0.73	0.55	0.76	0.63	0.68	0.92	0.55		FATRX
	PARDX	CSXRX	OSIYX	BUYGX	WBCRX	BMOPX	AUUYX	FATRX

Risk-Adjusted Indicators

There is a big difference between Standpoint Mutual Fund performing well and Standpoint Multi-asset 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 Standpoint Multi-asset'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
PARDX	0.52	0.08	0.09	0.21	0.39	(0.61)	1.08	(0.93)	4.94
CSXRX	0.67	0.02	0.03	0.11	0.68	(0.78)	1.37	(1.28)	7.00
OSIYX	0.21	0.04	(0.12)	12.24	0.00	(0.38)	0.61	(0.31)	1.54
BUYGX	0.42	0.01	(0.04)	0.12	0.78	(0.45)	0.77	(0.77)	5.48
WBCRX	0.80	0.06	0.07	0.14	0.74	(0.90)	2.09	(1.38)	5.83
BMOPX	0.14	0.00	(0.36)	0.02	0.13	(0.17)	0.22	(0.33)	0.88
AUUYX	0.60	0.07	0.07	0.17	0.50	(0.67)	1.25	(1.01)	8.86
FATRX	0.12	0.00	(0.45)	0.10	0.00	(0.17)	0.21	(0.21)	0.52

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Standpoint Multi-asset Correlations

Standpoint Multi-asset Correlation With Market

Very poor diversification

Moving together with Standpoint Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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