Fs Multi Correlations

FSMSX Fund

USD 11.13 0.01 0.09%

The current 90-days correlation between Fs Multi Strategy and Emerging Markets Fund is 0.24 (i.e., Modest 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 0.24 (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 real.

Moving together with FSMSX Mutual Fund

0.9	FSMMX	Fs Multi Strategy	Pair Corr
0.74	BXMYX	Blackstone Alternative	Pair Corr
0.66	GARTX	Goldman Sachs Absolute	Pair Corr
0.69	GCRTX	Goldman Sachs Absolute	Pair Corr
0.74	BXMIX	Blackstone Alternative	Pair Corr
0.74	BXMDX	Blackstone Alternative	Pair Corr
0.73	SMPSX	Semiconductor Ultrasector	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector	Pair Corr

Moving against FSMSX Mutual Fund

0.36	BMBCX	Blackrock Alternative	Pair Corr
0.31	BAMBX	Blackrock Alternative	Pair Corr
0.5	VICAX	Usa Mutuals Vice	Pair Corr
0.37	BKBDX	Blackrock Global Dividend	Pair Corr

Related Correlations Analysis

	AMKIX	PTOAX	PSPTX	SGDLX	TDMTX	GCMAX	PSGCX	PXSGX	SMBYX	TQMIX
AMKIX		0.11	0.13	0.16	0.92	-0.09	-0.18	-0.19	-0.27	-0.05	AMKIX
PTOAX	0.11		1.0	-0.68	0.28	0.87	0.73	0.72	0.65	0.71	PTOAX
PSPTX	0.13	1.0		-0.67	0.3	0.86	0.72	0.71	0.64	0.7	PSPTX
SGDLX	0.16	-0.68	-0.67		-0.04	-0.63	-0.74	-0.74	-0.49	-0.66	SGDLX
TDMTX	0.92	0.28	0.3	-0.04		0.07	0.02	0.01	-0.2	0.1	TDMTX
GCMAX	-0.09	0.87	0.86	-0.63	0.07		0.83	0.82	0.86	0.8	GCMAX
PSGCX	-0.18	0.73	0.72	-0.74	0.02	0.83		1.0	0.74	0.94	PSGCX
PXSGX	-0.19	0.72	0.71	-0.74	0.01	0.82	1.0		0.77	0.95	PXSGX
SMBYX	-0.27	0.65	0.64	-0.49	-0.2	0.86	0.74	0.77		0.84	SMBYX
TQMIX	-0.05	0.71	0.7	-0.66	0.1	0.8	0.94	0.95	0.84		TQMIX
	AMKIX	PTOAX	PSPTX	SGDLX	TDMTX	GCMAX	PSGCX	PXSGX	SMBYX	TQMIX

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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

PSPTX	+ 1.0	PTOAX
PXSGX	+ 1.0	PSGCX
TQMIX	+ 0.95	PXSGX
TQMIX	+ 0.94	PSGCX
TDMTX	+ 0.92	AMKIX
GCMAX	+ 0.87	PTOAX

High negative correlations

PXSGX	- 0.74	SGDLX
PSGCX	- 0.74	SGDLX
SGDLX	- 0.68	PTOAX
SGDLX	- 0.67	PSPTX
TQMIX	- 0.66	SGDLX
GCMAX	- 0.63	SGDLX

Risk-Adjusted Indicators

There is a big difference between FSMSX 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
AMKIX	0.78	0.01	0.00	0.09	1.01	(0.82)	1.58	(1.18)	4.93
PTOAX	0.82	(0.18)	0.00	(0.19)	0.00	0.00	1.24	(1.80)	10.70
PSPTX	0.81	(0.17)	0.00	(0.18)	0.00	0.00	1.19	(1.73)	10.26
SGDLX	1.65	0.34	0.12	0.44	2.31	(1.72)	3.76	(3.84)	11.37
TDMTX	0.80	0.00	(0.02)	0.07	0.98	(0.82)	1.53	(1.17)	4.85
GCMAX	0.85	(0.19)	0.00	(0.24)	0.00	0.00	1.23	(1.61)	13.26
PSGCX	1.67	(0.96)	0.00	(0.39)	0.00	0.00	1.68	(1.99)	48.69
PXSGX	1.41	(0.75)	0.00	(0.34)	0.00	0.00	1.67	(1.99)	36.02
SMBYX	0.78	(0.18)	0.00	(0.19)	0.00	0.00	1.30	(1.53)	8.67
TQMIX	0.95	(0.28)	0.00	(0.14)	0.00	0.00	1.44	(2.02)	11.89

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