Fs Multi-strategy Correlations
| FSMMX Fund | USD 11.10 0.01 0.09% |
The current 90-days correlation between Fs Multi Strategy and Virtus Seix Government is 0.34 (i.e., Weak diversification). The correlation of Fs Multi-strategy 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 Multi-strategy Correlation With Market
Weak diversification
The correlation between Fs Multi Strategy Alt and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fs Multi Strategy Alt and DJI in the same portfolio, assuming nothing else is changed.
FSMMX |
Moving together with FSMMX Mutual Fund
| 0.99 | FSMSX | Fs Multi Strategy | PairCorr |
| 0.76 | BIMBX | Blackrock Alternative | PairCorr |
| 0.77 | BAMBX | Blackrock Alternative | PairCorr |
| 0.78 | BMBCX | Blackrock Alternative | PairCorr |
| 0.76 | BKMBX | Blackrock Systematic | PairCorr |
| 0.65 | GARTX | Goldman Sachs Absolute | PairCorr |
| 0.63 | GCRTX | Goldman Sachs Absolute | PairCorr |
| 0.84 | WARCX | Wells Fargo Advantage | PairCorr |
| 0.78 | RFI | Cohen Steers Total | PairCorr |
| 0.62 | CEUAX | Europacific Growth | PairCorr |
| 0.76 | USCCX | Cornerstone Conservative | PairCorr |
| 0.62 | XWIWX | Western Asset/claymore | PairCorr |
| 0.77 | BCAAX | Brandywineglobal C | PairCorr |
| 0.77 | MRTAX | Massmutual Retiresmart | PairCorr |
| 0.71 | FRIFX | Fidelity Real Estate | PairCorr |
Moving against FSMMX Mutual Fund
| 0.59 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.59 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.59 | PQTIX | Aa Pimco Tr | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between FSMMX Mutual Fund performing well and Fs Multi-strategy 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 Multi-strategy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSAGX | 0.06 | 0.02 | 1.62 | 4.24 | 0.00 | 0.30 | 0.51 | |||
| HCUSX | 0.27 | 0.04 | 0.66 | (1.57) | 0.12 | 0.60 | 1.56 | |||
| FCSCX | 0.06 | 0.01 | 1.21 | 11.89 | 0.00 | 0.13 | 0.66 | |||
| FHNFX | 0.24 | 0.05 | 0.74 | (1.65) | 0.00 | 0.56 | 1.23 | |||
| RGVJX | 0.26 | 0.06 | 0.74 | (1.83) | 0.00 | 0.60 | 1.47 | |||
| RGVBX | 0.25 | 0.05 | 0.75 | (1.32) | 0.03 | 0.68 | 1.46 | |||
| BIGLX | 0.27 | 0.06 | 0.65 | (10.36) | 0.09 | 0.67 | 1.59 | |||
| USGFX | 0.27 | 0.06 | 0.77 | (2.01) | 0.00 | 0.67 | 1.56 |