Fs Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Fs Multi Strategy Alt
FSMMX Fund  USD 11.24  0.01  0.09%   
The current 90-days correlation between Fs Multi Strategy and Gabelli Global Financial is 0.25 (i.e., Modest 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

Very poor diversification

The correlation between Fs Multi Strategy Alt and DJI is 0.88 (i.e., Very poor 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fs Multi Strategy Alt. 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 FSMMX Mutual Fund

  0.91BIMBX Blackrock AlternativePairCorr
  0.9BAMBX Blackrock AlternativePairCorr
  0.89BMBCX Blackrock AlternativePairCorr
  0.9BKMBX Blackrock SystematicPairCorr
  0.92BXMYX Blackstone AlternativePairCorr
  0.96GARTX Goldman Sachs AbsolutePairCorr
  0.95GCRTX Goldman Sachs AbsolutePairCorr
  0.92BXMIX Blackstone AlternativePairCorr
  0.95BXMDX Blackstone AlternativePairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.76VFFSX Vanguard 500 IndexPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.92VTSNX Vanguard Total InterPairCorr
  0.92VTISX Vanguard Total InterPairCorr
  0.92VTPSX Vanguard Total InterPairCorr
  0.75VINIX Vanguard InstitutionalPairCorr
  0.88BCTIX California Intermediate-terPairCorr
  0.93MCNAX Madison ConservativePairCorr
  0.95SPGTX Symmetry Panoramic TaxPairCorr
  0.94MOWIX Moerus Worldwide ValuePairCorr
  0.78PFGGX Pfg American FundsPairCorr
  0.88PBCAX Prudential CaliforniaPairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.87ESCIX Ashmore Emerging MarketsPairCorr
  0.94CDGCX Crafword Dividend GrowthPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.83CVLOX Calamos Global GrowthPairCorr
  0.8WFBFX Capital World BondPairCorr
  0.88PIRMX Pimco Inflation ResponsePairCorr
  0.95PHJQX Principal Lifetime HybridPairCorr
  0.81FTOIX Franklin Ohio TaxPairCorr
  0.94JVARX Jpmorgan Value AdvantagePairCorr
  0.93TAHYX Pioneer High YieldPairCorr

Related Correlations Analysis


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.

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