Insurance Portfolio Correlations

FSPCX Fund

USD 89.48 0.80 0.89%

The current 90-days correlation between Insurance Portfolio and Construction And Housing is -0.02 (i.e., Good diversification). The correlation of Insurance Portfolio 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.

Insurance Portfolio Correlation With Market

Average diversification

The correlation between Insurance Portfolio Insurance and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Insurance Portfolio Insurance 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 Insurance Portfolio Insurance. 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 manufacturing.

Moving against Insurance Mutual Fund

0.34	FPXTX	Fidelity Pennsylvania	Pair Corr
0.58	FROGX	Fidelity Municipal Income	Pair Corr
0.34	FRESX	Fidelity Real Estate	Pair Corr

Related Correlations Analysis

	FSHOX	FMFTX	SIIDX	CISMX	PNYIX	PRESX	AOGIX	BASAX
FSHOX		0.29	-0.59	0.56	-0.31	0.38	-0.14	-0.21	FSHOX
FMFTX	0.29		0.02	0.71	-0.4	0.74	0.51	0.64	FMFTX
SIIDX	-0.59	0.02		-0.17	0.53	0.03	0.34	0.4	SIIDX
CISMX	0.56	0.71	-0.17		-0.12	0.71	0.26	0.42	CISMX
PNYIX	-0.31	-0.4	0.53	-0.12		-0.04	0.15	0.14	PNYIX
PRESX	0.38	0.74	0.03	0.71	-0.04		0.71	0.57	PRESX
AOGIX	-0.14	0.51	0.34	0.26	0.15	0.71		0.71	AOGIX
BASAX	-0.21	0.64	0.4	0.42	0.14	0.57	0.71		BASAX
	FSHOX	FMFTX	SIIDX	CISMX	PNYIX	PRESX	AOGIX	BASAX

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

PRESX	+ 0.74	FMFTX
CISMX	+ 0.71	FMFTX
PRESX	+ 0.71	CISMX
AOGIX	+ 0.71	PRESX
BASAX	+ 0.71	AOGIX
BASAX	+ 0.64	FMFTX

High negative correlations

SIIDX	- 0.59	FSHOX
PNYIX	- 0.4	FMFTX
PNYIX	- 0.31	FSHOX
BASAX	- 0.21	FSHOX
CISMX	- 0.17	SIIDX
AOGIX	- 0.14	FSHOX

Risk-Adjusted Indicators

There is a big difference between Insurance Mutual Fund performing well and Insurance Portfolio 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 Insurance Portfolio'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
FSHOX	0.83	(0.14)	0.00	(0.07)	0.00	0.00	1.85	(1.58)	5.04
FMFTX	0.84	(0.07)	0.00	(0.01)	0.00	0.00	1.73	(1.73)	3.47
SIIDX	4.08	1.90	8.71	0.70	0.00	(4.77)	0.38	(0.38)	129.02
CISMX	0.70	(0.07)	0.00	(0.03)	0.00	0.00	1.24	(1.67)	4.28
PNYIX	0.07	0.00	(0.39)	0.00	0.00	(0.13)	0.19	(0.09)	0.65
PRESX	0.58	0.01	0.00	0.07	0.67	(0.60)	1.27	(1.19)	2.79
AOGIX	0.53	0.08	0.10	0.17	0.43	(0.62)	1.02	(0.88)	7.57
BASAX	1.24	0.34	0.30	0.38	0.69	(1.57)	2.05	(1.61)	24.57

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