Fs Real Correlations

FARLX Fund

USD 12.40 0.12 0.98%

The current 90-days correlation between Fs Real Asset and Fs Multi Strategy Alt is -0.14 (i.e., Good diversification). The correlation of Fs Real 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.

Fs Real Correlation With Market

Significant diversification

The correlation between Fs Real Asset and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fs Real Asset 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 Fs Real 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 bureau of economic analysis.

Moving together with FARLX Mutual Fund

0.9	FSRLX	Fs Real Asset	Pair Corr
0.62	RIRAX	Capital Income Builder	Pair Corr
0.62	RIREX	Capital Income Builder	Pair Corr
0.62	RIRCX	Capital Income Builder	Pair Corr
0.62	RIRFX	Capital Income Builder	Pair Corr
0.62	CIRCX	Capital Income Builder	Pair Corr
0.62	CIREX	Capital Income Builder	Pair Corr
0.62	RIRBX	Capital Income Builder	Pair Corr
0.62	CAIFX	Capital Income Builder	Pair Corr
0.62	CIRFX	Capital Income Builder	Pair Corr
0.62	CIRAX	Capital Income Builder	Pair Corr
0.61	BRUFX	Bruce Fund Bruce	Pair Corr
0.82	SPGSX	State Street Premier	Pair Corr
0.66	GWETX	Amg Gwk Small	Pair Corr
0.61	VISPX	Voya Index Solution	Pair Corr

Moving against FARLX Mutual Fund

0.69	RYMEX	Commodities Strategy	Pair Corr
0.69	RYMJX	Commodities Strategy	Pair Corr
0.63	RYMBX	Commodities Strategy	Pair Corr
0.52	XGEIX	Guggenheim Energy Income	Pair Corr
0.32	CTYRX	Columbia Global Tech	Pair Corr
0.51	DAMDX	Dunham Monthly Distr	Pair Corr
0.46	AGCAX	Arbitrage Credit	Pair Corr

Related Correlations Analysis

	FARLX	FSMMX	FSMSX	FSRLX	SBHPX	PMZNX	CCRSX	QSPRX	BDFUX	TIHGX
FARLX		-0.01	0.06	0.9	-0.25	0.13	-0.61	-0.53	0.16	0.23	FARLX
FSMMX	-0.01		0.86	0.03	0.75	0.84	0.36	0.65	0.86	0.79	FSMMX
FSMSX	0.06	0.86		0.04	0.81	0.74	0.34	0.62	0.83	0.81	FSMSX
FSRLX	0.9	0.03	0.04		-0.28	0.15	-0.55	-0.51	0.22	0.29	FSRLX
SBHPX	-0.25	0.75	0.81	-0.28		0.68	0.67	0.77	0.68	0.7	SBHPX
PMZNX	0.13	0.84	0.74	0.15	0.68		0.23	0.38	0.69	0.66	PMZNX
CCRSX	-0.61	0.36	0.34	-0.55	0.67	0.23		0.75	0.34	0.29	CCRSX
QSPRX	-0.53	0.65	0.62	-0.51	0.77	0.38	0.75		0.58	0.55	QSPRX
BDFUX	0.16	0.86	0.83	0.22	0.68	0.69	0.34	0.58		0.85	BDFUX
TIHGX	0.23	0.79	0.81	0.29	0.7	0.66	0.29	0.55	0.85		TIHGX
	FARLX	FSMMX	FSMSX	FSRLX	SBHPX	PMZNX	CCRSX	QSPRX	BDFUX	TIHGX

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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

FSRLX	+ 0.9	FARLX
FSMSX	+ 0.86	FSMMX
BDFUX	+ 0.86	FSMMX
TIHGX	+ 0.85	BDFUX
PMZNX	+ 0.84	FSMMX
BDFUX	+ 0.83	FSMSX

High negative correlations

CCRSX	- 0.61	FARLX
CCRSX	- 0.55	FSRLX
QSPRX	- 0.53	FARLX
QSPRX	- 0.51	FSRLX
SBHPX	- 0.28	FSRLX
SBHPX	- 0.25	FARLX

Risk-Adjusted Indicators

There is a big difference between FARLX Mutual Fund performing well and Fs Real 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 Fs Real'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
FARLX	0.89	(0.06)	0.00	(0.62)	0.00	0.00	1.57	(1.93)	7.71
FSMMX	0.17	0.02	(0.22)	0.39	0.10	(0.20)	0.36	(0.36)	0.91
FSMSX	0.16	0.02	(0.25)	0.33	0.12	(0.19)	0.36	(0.36)	0.99
FSRLX	0.86	(0.08)	0.00	(0.09)	0.00	0.00	1.60	(1.93)	8.87
SBHPX	0.07	0.00	(0.59)	(0.17)	0.00	(0.11)	0.10	(0.10)	0.30
PMZNX	0.17	0.00	(0.37)	0.13	0.10	(0.28)	0.44	(0.22)	1.42
CCRSX	0.56	0.06	(0.05)	(1.11)	0.65	(0.59)	1.24	(1.10)	4.51
QSPRX	0.44	0.09	0.01	1.16	0.47	(0.52)	0.91	(0.87)	3.25
BDFUX	0.98	0.17	0.11	0.41	1.03	(1.11)	1.90	(1.82)	8.45
TIHGX	0.83	0.09	0.02	0.35	1.14	(0.83)	1.62	(1.58)	5.87

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