Fs Multi Correlations

FSMMX Fund

USD 11.07 0.01 0.09%

The current 90-days correlation between Fs Multi Strategy and Dreyfusstandish Global Fixed is -0.06 (i.e., Good diversification). The correlation of Fs Multi 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 Correlation With Market

Modest diversification

The correlation between Fs Multi Strategy Alt and DJI is 0.2 (i.e., Modest 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 industry.

Moving together with FSMMX Mutual Fund

0.61	GARTX	Goldman Sachs Absolute	Pair Corr
0.65	GCRTX	Goldman Sachs Absolute	Pair Corr
0.74	PMPIX	Precious Metals Ultr	Pair Corr
0.74	PMPSX	Precious Metals Ultr	Pair Corr
0.74	FGPMX	Franklin Gold And	Pair Corr
0.75	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.77	ILMBX	Voya Limited Maturity	Pair Corr
0.82	HGOFX	Hartford Growth	Pair Corr
0.67	FARFX	Fidelity Income Repl	Pair Corr
0.71	ASLAX	Ab Select Longshort	Pair Corr
0.69	SBSIX	Segall Bryant Hamill	Pair Corr
0.69	LUBIX	Thrivent Income	Pair Corr
0.73	HOOTX	Hartford Schroders Small	Pair Corr
0.74	VFWSX	Vanguard Ftse All	Pair Corr

Moving against FSMMX Mutual Fund

0.6

FSMSX

Fs Multi Strategy

Pair Corr

Related Correlations Analysis

	DHGCX	PRINX	BMOPX	JAFLX	PBNAX	SGYAX	MDMTX	PRVBX
DHGCX		0.69	0.87	0.83	0.86	0.02	0.76	0.16	DHGCX
PRINX	0.69		0.68	0.77	0.78	0.18	0.92	-0.04	PRINX
BMOPX	0.87	0.68		0.95	0.94	0.31	0.61	0.43	BMOPX
JAFLX	0.83	0.77	0.95		0.98	0.38	0.65	0.41	JAFLX
PBNAX	0.86	0.78	0.94	0.98		0.37	0.68	0.36	PBNAX
SGYAX	0.02	0.18	0.31	0.38	0.37		-0.06	0.65	SGYAX
MDMTX	0.76	0.92	0.61	0.65	0.68	-0.06		-0.21	MDMTX
PRVBX	0.16	-0.04	0.43	0.41	0.36	0.65	-0.21		PRVBX
	DHGCX	PRINX	BMOPX	JAFLX	PBNAX	SGYAX	MDMTX	PRVBX

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

PBNAX	+ 0.98	JAFLX
JAFLX	+ 0.95	BMOPX
PBNAX	+ 0.94	BMOPX
MDMTX	+ 0.92	PRINX
BMOPX	+ 0.87	DHGCX
PBNAX	+ 0.86	DHGCX

High negative correlations

PRVBX	- 0.21	MDMTX
MDMTX	- 0.06	SGYAX
PRVBX	- 0.04	PRINX

Risk-Adjusted Indicators

There is a big difference between FSMMX Mutual Fund performing well and Fs Multi 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'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
DHGCX	0.10	0.00	(0.42)	0.03	0.06	(0.11)	0.20	(0.20)	0.56
PRINX	0.08	0.01	(0.30)	(7.32)	0.00	(0.14)	0.27	(0.09)	0.72
BMOPX	0.15	0.01	(0.20)	0.15	0.12	(0.18)	0.33	(0.33)	0.98
JAFLX	0.13	0.01	(0.23)	0.23	0.00	(0.17)	0.20	(0.30)	0.91
PBNAX	0.13	0.01	(0.25)	0.18	0.04	(0.16)	0.34	(0.25)	0.76
SGYAX	0.14	0.01	(0.20)	0.13	0.00	(0.28)	0.57	(0.29)	1.01
MDMTX	0.09	0.00	(0.37)	2.97	0.00	(0.16)	0.29	(0.10)	0.87
PRVBX	0.07	0.00	(0.59)	(0.01)	0.00	(0.07)	0.14	(0.14)	0.43

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