Fs Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Fs Multi Strategy Alt
FSMMX Fund  USD 11.22  0.02  0.18%   
The current 90-days correlation between Fs Multi Strategy and American Century Etf is -0.07 (i.e., Good 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 0.81 (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

  0.81BIMBX Blackrock AlternativePairCorr
  0.8BAMBX Blackrock AlternativePairCorr
  0.8BMBCX Blackrock AlternativePairCorr
  0.8BKMBX Blackrock SystematicPairCorr
  0.9BXMYX Blackstone AlternativePairCorr
  0.93GARTX Goldman Sachs AbsolutePairCorr
  0.92GCRTX Goldman Sachs AbsolutePairCorr
  0.63QSPRX Aqr Style PremiaPairCorr
  0.9BXMIX Blackstone AlternativePairCorr
  0.93BXMDX Blackstone AlternativePairCorr
  0.88VTSNX Vanguard Total InterPairCorr
  0.87VTISX Vanguard Total InterPairCorr
  0.88VTPSX Vanguard Total InterPairCorr
  0.77SBMCX Moderate BalancedPairCorr
  0.92PFIAX Pimco Floating IncomePairCorr
  0.83PONRX Pimco IncomePairCorr
  0.85FTFZX Franklin Federal LimPairCorr
  0.77PHICX Prudential Muni HighPairCorr
  0.86THYFX Thrivent DiversifiedPairCorr
  0.75ITHVX Hartford CapitalPairCorr
  0.87CDHAX Calvert Developed MarketPairCorr
  0.82PWGIX Pax Esg BetaPairCorr
  0.75RYHHX High Yield StrategyPairCorr
  0.86UTAHX Aquila Tax FreePairCorr
  0.82VIAAX Vanguard InternationalPairCorr
  0.86MCNAX Madison ConservativePairCorr
  0.72TGRFX Transamerica InternationalPairCorr
  0.78VHYAX Vanguard High DividendPairCorr
  0.82MPACX Matthews Asia GrowthPairCorr
  0.8TSRMX Touchstone Sands CapitalPairCorr

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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