Fs Multi Correlations

FSMMX Fund

USD 11.17 0.02 0.18%

The current 90-days correlation between Fs Multi Strategy and California Bond Fund is 0.08 (i.e., Significant 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

Significant diversification

The correlation between Fs Multi Strategy Alt and DJI is 0.07 (i.e., Significant 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 board of governors.

Moving together with FSMMX Mutual Fund

0.9	BIMBX	Blackrock Alternative	Pair Corr
0.89	BAMBX	Blackrock Alternative	Pair Corr
0.87	BMBCX	Blackrock Alternative	Pair Corr
0.89	BKMBX	Blackrock Systematic	Pair Corr
0.91	BXMYX	Blackstone Alternative	Pair Corr
0.94	GARTX	Goldman Sachs Absolute	Pair Corr
0.94	GCRTX	Goldman Sachs Absolute	Pair Corr
0.92	BXMIX	Blackstone Alternative	Pair Corr
0.96	BXMDX	Blackstone Alternative	Pair Corr
0.95	BRUFX	Bruce Fund Bruce	Pair Corr
0.82	SPGSX	State Street Premier	Pair Corr
0.84	KF	Korea Closed	Pair Corr
0.91	APHJX	Artisan International	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.9	EVT	Eaton Vance Tax	Pair Corr
0.98	ETGLX	Eventide Gilead	Pair Corr
0.94	AVDEX	Avantis International	Pair Corr
0.94	SCIPX	Strategic Asset Mana	Pair Corr
0.93	GCSCX	Goldman Sachs Small	Pair Corr
0.72	FICHX	First Investors Select	Pair Corr
0.78	WFSPX	Blackrock Sp 500	Pair Corr
0.96	SUWCX	Deutsche E Equity	Pair Corr
0.77	SBTAX	Salient Tactical Plus	Pair Corr
0.9	SEEHX	Steward Large Cap	Pair Corr
0.87	FSTIX	Federated Short Term	Pair Corr
0.86	MGORX	Msif Global Opportunity	Pair Corr
0.63	WIISX	William Blair Intern	Pair Corr
0.84	VSCPX	Vanguard Small Cap	Pair Corr
0.93	NOIGX	Northern International	Pair Corr
0.95	BROAX	Blackrock Global Opp	Pair Corr
0.89	VMLUX	Vanguard Limited Term	Pair Corr
0.83	FARSX	Fidelity Income Repl	Pair Corr
0.69	ABCVX	American Beacon	Pair Corr
0.95	RGAGX	Growth Fund	Pair Corr

Moving against FSMMX Mutual Fund

0.57

FSMSX

Fs Multi Strategy

Pair Corr

Related Correlations Analysis

	USCBX	FHYIX	MDMTX	PRFHX	PRINX	MWHYX
USCBX		0.82	0.83	0.87	0.9	0.73	USCBX
FHYIX	0.82		0.74	0.94	0.91	0.88	FHYIX
MDMTX	0.83	0.74		0.81	0.9	0.64	MDMTX
PRFHX	0.87	0.94	0.81		0.96	0.88	PRFHX
PRINX	0.9	0.91	0.9	0.96		0.85	PRINX
MWHYX	0.73	0.88	0.64	0.88	0.85		MWHYX
	USCBX	FHYIX	MDMTX	PRFHX	PRINX	MWHYX

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
USCBX	0.10	0.01	(0.34)	0.23	0.00	(0.15)	0.29	(0.20)	0.59
FHYIX	0.08	0.02	(0.27)	(7.69)	0.00	(0.16)	0.22	(0.22)	0.56
MDMTX	0.08	0.00	(0.35)	(0.03)	0.05	(0.15)	0.19	(0.10)	0.87
PRFHX	0.09	0.00	(0.35)	0.17	0.00	(0.15)	0.27	(0.18)	0.63
PRINX	0.07	0.00	(0.30)	0.11	0.00	(0.15)	0.18	(0.18)	0.72
MWHYX	0.11	0.01	(0.32)	0.16	0.00	(0.20)	0.22	(0.22)	0.87

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