Fa Strategic Correlations

FICKX Fund

USD 14.92 0.01 0.07%

The current 90-days correlation between Fa Strategic Income and Vanguard Total Bond is 0.42 (i.e., Very weak diversification). The correlation of Fa Strategic 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.

Fa Strategic Correlation With Market

Almost no diversification

The correlation between Fa Strategic Income and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa Strategic Income 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 Fa Strategic Income. 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 industry.

Moving together with FICKX Mutual Fund

0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.81	VBTLX	Vanguard Total Bond	Pair Corr
0.88	NHS	Neuberger Berman High	Pair Corr
0.96	REMIX	Standpoint Multi Asset	Pair Corr
0.61	NHMFX	Nuveen High Yield	Pair Corr
0.79	PAGEX	T Rowe Price	Pair Corr
0.83	NMAAX	Nuveen Massachusetts	Pair Corr
0.84	PMOTX	Putnam Mortgage Opport	Pair Corr
0.82	FGDMX	Fidelity Advisor Com	Pair Corr
0.85	TEAFX	Tax Exempt Bond	Pair Corr
0.97	FPTPX	American Funds Conse	Pair Corr
0.92	TLVIX	Thrivent Large Cap	Pair Corr
0.8	IPFIX	Victory Incore	Pair Corr
0.77	POSAX	Global Real Estate	Pair Corr
0.93	QGRIX	Oppenheimer Global	Pair Corr
0.76	PGRKX	Global Real Estate	Pair Corr
0.93	VEITX	Vela International	Pair Corr
0.88	TSDFX	Tiaa Cref Short	Pair Corr
0.9	APDSX	Artisan Small Cap	Pair Corr
0.86	LVAEX	Lsv Value Equity	Pair Corr
0.69	SOAAX	Spirit Of America	Pair Corr
0.88	GRMAX	Nationwide Sp 500	Pair Corr
0.92	TTFHX	Tiaa Cref Lifecycle	Pair Corr
0.91	GMXAX	Nationwide Mid Cap	Pair Corr
0.91	MMSCX	Praxis Small Cap	Pair Corr
0.94	TIOTX	Tiaa Cref International	Pair Corr
0.89	NBREX	Neuberger Berman Mid	Pair Corr
0.94	VSPVX	Vanguard Sp 500	Pair Corr
0.93	DQIYX	Dreyfus Equity Income	Pair Corr
0.82	FXAIX	Fidelity 500 Index	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VSTSX	VITSX	VSMPX	VTIAX	VFINX	VFFSX	VBTLX
VTSAX		0.99	1.0	1.0	1.0	1.0	0.77	1.0	1.0	0.54	VTSAX
VFIAX	0.99		1.0	0.99	1.0	1.0	0.74	1.0	1.0	0.52	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	0.76	1.0	1.0	0.54	VTSMX
VSTSX	1.0	0.99	1.0		1.0	1.0	0.77	1.0	1.0	0.54	VSTSX
VITSX	1.0	1.0	1.0	1.0		1.0	0.76	0.99	1.0	0.54	VITSX
VSMPX	1.0	1.0	1.0	1.0	1.0		0.77	0.99	1.0	0.54	VSMPX
VTIAX	0.77	0.74	0.76	0.77	0.76	0.77		0.74	0.74	0.75	VTIAX
VFINX	1.0	1.0	1.0	1.0	0.99	0.99	0.74		1.0	0.52	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	0.74	1.0		0.52	VFFSX
VBTLX	0.54	0.52	0.54	0.54	0.54	0.54	0.75	0.52	0.52		VBTLX
	VTSAX	VFIAX	VTSMX	VSTSX	VITSX	VSMPX	VTIAX	VFINX	VFFSX	VBTLX

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Risk-Adjusted Indicators

There is a big difference between FICKX Mutual Fund performing well and Fa Strategic 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 Fa Strategic'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
VTSAX	0.58	(0.04)	(0.07)	0.01	0.81	(0.57)	1.11	(1.58)	3.73
VFIAX	0.54	(0.05)	(0.07)	0.00	0.78	(0.54)	0.99	(1.54)	3.61
VTSMX	0.57	(0.04)	(0.07)	0.01	0.79	(0.58)	1.11	(1.58)	3.74
VSTSX	0.58	(0.04)	(0.07)	0.01	0.81	(0.57)	1.11	(1.58)	3.74
VITSX	0.57	(0.04)	(0.07)	0.01	0.79	(0.58)	1.11	(1.58)	3.73
VSMPX	0.57	(0.04)	(0.07)	0.01	0.79	(0.58)	1.11	(1.58)	3.73
VTIAX	0.60	0.12	0.13	0.25	0.56	(0.64)	1.47	(1.18)	4.10
VFINX	0.55	(0.05)	(0.07)	0.00	0.80	(0.53)	1.06	(1.54)	3.61
VFFSX	0.55	(0.05)	(0.07)	0.00	0.81	(0.53)	0.99	(1.54)	3.61
VBTLX	0.15	0.01	(0.21)	0.37	0.04	(0.18)	0.31	(0.31)	0.62

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Fa Strategic Correlations

Fa Strategic Correlation With Market

Almost no diversification

Moving together with FICKX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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