Stadion Tactical Correlations

ETFZX Fund

USD 16.13 0.09 0.56%

The current 90-days correlation between Stadion Tactical Def and HUMANA INC is -0.13 (i.e., Good diversification). The correlation of Stadion Tactical 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.

Stadion Tactical Correlation With Market

Very poor diversification

The correlation between Stadion Tactical Defensive and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stadion Tactical Defensive and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Stadion Tactical Defensive. 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 nation.

Moving together with Stadion Mutual Fund

0.8	ETFAX	Stadion Tactical Growth	Pair Corr
0.86	ETFWX	Stadion Tactical Def	Pair Corr
0.86	ETFRX	Stadion Tactical Def	Pair Corr
0.79	ETFOX	Stadion Tactical Growth	Pair Corr
0.8	ETFCX	Stadion Tactical Growth	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.84	VFFSX	Vanguard 500 Index	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VINIX	Vanguard Institutional	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VMGRX	Vanguard Mid Cap	Pair Corr
0.72	XNDPX	Tortoise Energy Inde	Pair Corr
0.8	VEIRX	Vanguard Equity Income	Pair Corr
0.78	RLSIX	Riverpark Long/short	Pair Corr
0.78	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.78	RGAGX	Growth Fund	Pair Corr
0.85	AMONX	Aqr Large Cap	Pair Corr
0.68	VAAGX	Virtus Nfj Large	Pair Corr
0.88	MGDNX	Mainstay Moderate Growth	Pair Corr
0.72	VTCAX	Vanguard Telecommunicatio	Pair Corr

Moving against Stadion Mutual Fund

0.34	PAUPX	Pimco All Asset	Pair Corr
0.31	STTIX	Stadion Trilogy Alte	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX
444859BR2		0.0	0.3	-0.62	-0.59	-0.09	0.21	-0.34	0.08	-0.7	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.3	0.0		-0.5	-0.45	-0.44	-0.02	0.08	-0.24	-0.39	BRRAY
MSTSX	-0.62	0.0	-0.5		0.72	0.4	0.03	-0.09	0.13	0.79	MSTSX
LBHIX	-0.59	0.0	-0.45	0.72		0.62	-0.21	0.17	-0.02	0.69	LBHIX
ABHYX	-0.09	0.0	-0.44	0.4	0.62		-0.01	-0.21	0.3	0.13	ABHYX
SCAXF	0.21	0.0	-0.02	0.03	-0.21	-0.01		-0.71	0.39	-0.3	SCAXF
VIASP	-0.34	0.0	0.08	-0.09	0.17	-0.21	-0.71		-0.52	0.3	VIASP
144285AL7	0.08	0.0	-0.24	0.13	-0.02	0.3	0.39	-0.52		-0.13	144285AL7
AAEVX	-0.7	0.0	-0.39	0.79	0.69	0.13	-0.3	0.3	-0.13		AAEVX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX

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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

AAEVX	+ 0.79	MSTSX
LBHIX	+ 0.72	MSTSX
AAEVX	+ 0.69	LBHIX
ABHYX	+ 0.62	LBHIX
ABHYX	+ 0.4	MSTSX
144285AL7	+ 0.39	SCAXF

High negative correlations

VIASP	- 0.71	SCAXF
AAEVX	- 0.7	444859BR2
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
144285AL7	- 0.52	VIASP
MSTSX	- 0.5	BRRAY

Risk-Adjusted Indicators

There is a big difference between Stadion Mutual Fund performing well and Stadion Tactical 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 Stadion Tactical'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
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
144285AL7	0.36	(0.02)	0.00	4.40	0.00	0.00	0.96	(0.95)	2.51
AAEVX	0.51	0.06	(0.05)	(0.67)	0.56	(0.61)	1.07	(0.77)	3.24

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