Fs Multi-strategy Correlations

FSMSX Fund

USD 11.29 0.01 0.09%

The current 90-days correlation between Fs Multi Strategy and Amg Timessquare Mid is 0.18 (i.e., Average 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

Average diversification

The correlation between Fs Multi Strategy Alt and DJI is 0.14 (i.e., Average 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 main economic indicators.

Moving together with FSMSX Mutual Fund

0.66	XPPRX	Voya Prime Rate	Pair Corr
0.63	PCF	Putnam High Income	Pair Corr

Moving against FSMSX Mutual Fund

0.35

OGLCX

Oppenheimer Global

Pair Corr

Related Correlations Analysis

	AMKIX	PTOAX	PSPTX	SGDLX	TDMTX	GCMAX	PSGCX	PXSGX	SMBYX	TQMIX
AMKIX		0.67	0.67	0.89	1.0	0.8	-0.68	-0.67	0.77	0.52	AMKIX
PTOAX	0.67		1.0	0.8	0.65	0.95	-0.85	-0.84	0.95	0.85	PTOAX
PSPTX	0.67	1.0		0.8	0.65	0.95	-0.85	-0.84	0.95	0.85	PSPTX
SGDLX	0.89	0.8	0.8		0.89	0.88	-0.77	-0.76	0.89	0.73	SGDLX
TDMTX	1.0	0.65	0.65	0.89		0.78	-0.66	-0.65	0.76	0.5	TDMTX
GCMAX	0.8	0.95	0.95	0.88	0.78		-0.88	-0.87	0.99	0.8	GCMAX
PSGCX	-0.68	-0.85	-0.85	-0.77	-0.66	-0.88		1.0	-0.84	-0.9	PSGCX
PXSGX	-0.67	-0.84	-0.84	-0.76	-0.65	-0.87	1.0		-0.83	-0.89	PXSGX
SMBYX	0.77	0.95	0.95	0.89	0.76	0.99	-0.84	-0.83		0.83	SMBYX
TQMIX	0.52	0.85	0.85	0.73	0.5	0.8	-0.9	-0.89	0.83		TQMIX
	AMKIX	PTOAX	PSPTX	SGDLX	TDMTX	GCMAX	PSGCX	PXSGX	SMBYX	TQMIX

Please upgrade your account to get full access to Macroaxis premium features

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

TDMTX	+ 1.0	AMKIX
PSPTX	+ 1.0	PTOAX
PXSGX	+ 1.0	PSGCX
SMBYX	+ 0.99	GCMAX
GCMAX	+ 0.95	PTOAX
SMBYX	+ 0.95	PTOAX

High negative correlations

TQMIX	- 0.9	PSGCX
TQMIX	- 0.89	PXSGX
PSGCX	- 0.88	GCMAX
PXSGX	- 0.87	GCMAX
PSGCX	- 0.85	PSPTX
PSGCX	- 0.85	PTOAX

Risk-Adjusted Indicators

There is a big difference between FSMSX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMKIX	0.73	0.20	0.21	0.37	0.47	(0.87)	1.92	(1.29)	4.05
PTOAX	0.76	0.15	0.19	0.20	0.49	(0.96)	1.33	(1.15)	15.41
PSPTX	0.74	0.15	0.19	0.20	0.47	(0.93)	1.27	(1.19)	14.72
SGDLX	2.06	0.44	0.13	0.46	2.75	(2.26)	4.84	(3.99)	17.67
TDMTX	0.72	0.22	0.24	0.42	0.40	(0.80)	2.00	(1.17)	3.97
GCMAX	1.00	0.30	0.44	0.26	0.00	(1.30)	2.08	(1.35)	18.37
PSGCX	1.66	(0.86)	0.00	(0.35)	0.00	0.00	2.19	(1.67)	48.69
PXSGX	1.40	(0.64)	0.00	(0.29)	0.00	0.00	2.20	(1.62)	36.02
SMBYX	0.79	0.13	0.17	0.17	0.60	(1.01)	1.74	(1.31)	10.24
TQMIX	1.00	0.08	0.06	0.18	0.90	(1.21)	1.59	(1.90)	14.15

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC