Fa Strategic Correlations

FICKX Fund

USD 14.84 0.02 0.13%

The current 90-days correlation between Fa Strategic Income and Franklin California High is 0.02 (i.e., Significant 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

Very weak diversification

The correlation between Fa Strategic Income and DJI is 0.58 (i.e., Very weak 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 state.

Moving together with FICKX Mutual Fund

0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.61	VYRDX	Vy Columbia Small	Pair Corr
0.66	HSCYX	Hartford Small	Pair Corr
0.75	SGHIX	Sextant Global High	Pair Corr
0.63	OCMIX	Oppenheimer Moderate	Pair Corr
0.69	ELBAX	Ashmore Emerging Markets	Pair Corr
0.89	IRCAX	Voya Retirement Servative	Pair Corr
0.65	NSNCX	Neuberger Berman Small	Pair Corr
0.69	PUCZX	Prudential Unconstrained	Pair Corr
0.68	GOISX	Goldman Sachs Growth	Pair Corr
0.72	RSESX	Us Strategic Equity	Pair Corr
0.73	DAGVX	Dreyfus Strategic Value	Pair Corr
0.92	BISAX	Brandes International	Pair Corr
0.65	UGEIX	Usaa Global Equity	Pair Corr
0.81	DFSIX	Dfa Sustainability Core	Pair Corr
0.76	IGICX	International Growth And	Pair Corr
0.7	RIDCX	Income Fund	Pair Corr
0.7	JDERX	Prudential Jennison Mid	Pair Corr

Moving against FICKX Mutual Fund

0.46

FABXX

Fabxx

Pair Corr

Related Correlations Analysis

	FCQAX	PARCX	CAACX	GHVIX	AGTFX	SGYAX
FCQAX		0.75	0.82	0.72	0.58	0.68	FCQAX
PARCX	0.75		0.95	0.9	0.85	0.92	PARCX
CAACX	0.82	0.95		0.9	0.83	0.89	CAACX
GHVIX	0.72	0.9	0.9		0.93	0.95	GHVIX
AGTFX	0.58	0.85	0.83	0.93		0.93	AGTFX
SGYAX	0.68	0.92	0.89	0.95	0.93		SGYAX
	FCQAX	PARCX	CAACX	GHVIX	AGTFX	SGYAX

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
FCQAX	0.08	0.02	(0.63)	(2.22)	0.00	(0.16)	0.21	(0.10)	0.62
PARCX	0.38	0.06	0.03	0.22	0.00	(0.44)	0.73	(0.65)	4.41
CAACX	0.50	0.06	0.03	0.19	0.42	(0.56)	0.96	(0.95)	3.37
GHVIX	0.11	0.02	(0.45)	0.22	0.00	(0.15)	0.29	(0.18)	0.77
AGTFX	0.62	0.11	0.15	0.22	0.35	(0.75)	1.12	(1.10)	9.26
SGYAX	0.12	0.01	(0.41)	0.23	0.00	(0.25)	0.29	(0.14)	1.00

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