Strategic Alternatives Correlations

GFSYX Fund

USD 9.21 0.01 0.11%

The current 90-days correlation between Strategic Alternatives and Artisan High Income is -0.07 (i.e., Good diversification). The correlation of Strategic Alternatives 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.

Strategic Alternatives Correlation With Market

Significant diversification

The correlation between Strategic Alternatives Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Alternatives Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Strategic Alternatives Fund. 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 together with Strategic Mutual Fund

0.91	GDMYX	Defensive Market Str	Pair Corr
0.96	GDMZX	Defensive Market Str	Pair Corr
0.98	GVEYX	Value Equity Institu	Pair Corr
0.98	GVEZX	Value Equity Investor	Pair Corr
0.87	GVIYX	Guidestone Value Equity	Pair Corr
0.87	GVIZX	Guidestone Value Equity	Pair Corr
0.96	GFSZX	Strategic Alternatives	Pair Corr
0.93	GGEYX	Guidestone Fds Growth	Pair Corr
0.94	GGEZX	Growth Equity Investor	Pair Corr
0.83	GIEYX	International Equity	Pair Corr
0.88	GIEZX	International Equity	Pair Corr
0.78	GMFZX	Mydestination 2045	Pair Corr
0.93	GMEYX	Guidestone Funds Impact	Pair Corr
0.93	GMEZX	Guidestone Funds Impact	Pair Corr
0.9	GMHYX	Mydestination 2035	Pair Corr
0.9	GMHZX	Mydestination 2035	Pair Corr
0.7	GMGYX	Mydestination 2055	Pair Corr
0.7	GMGZX	Mydestination 2055	Pair Corr

Moving against Strategic Mutual Fund

0.76	GLDYX	Low Duration Bond	Pair Corr
0.75	GLDZX	Low Duration Bond	Pair Corr
0.71	BXMYX	Blackstone Alternative	Pair Corr
0.71	BXMIX	Blackstone Alternative	Pair Corr
0.69	BXMDX	Blackstone Alternative	Pair Corr
0.43	QSPRX	Aqr Style Premia	Pair Corr

Related Correlations Analysis

	ARTFX	VRHYX	FPIOX	RIMOX	TAHFX	MRHYX	BUFHX	PYRLX
ARTFX		0.98	0.99	0.67	0.82	0.79	0.88	0.95	ARTFX
VRHYX	0.98		0.98	0.62	0.81	0.79	0.85	0.94	VRHYX
FPIOX	0.99	0.98		0.65	0.85	0.82	0.85	0.95	FPIOX
RIMOX	0.67	0.62	0.65		0.63	0.71	0.67	0.66	RIMOX
TAHFX	0.82	0.81	0.85	0.63		0.93	0.64	0.81	TAHFX
MRHYX	0.79	0.79	0.82	0.71	0.93		0.7	0.81	MRHYX
BUFHX	0.88	0.85	0.85	0.67	0.64	0.7		0.83	BUFHX
PYRLX	0.95	0.94	0.95	0.66	0.81	0.81	0.83		PYRLX
	ARTFX	VRHYX	FPIOX	RIMOX	TAHFX	MRHYX	BUFHX	PYRLX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Alternatives 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 Strategic Alternatives' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.11	0.02	(0.31)	(5.83)	(0.18)	0.44	(0.22)	1.10
VRHYX	0.15	0.02	(0.23)	1.93	(0.33)	0.52	(0.26)	1.30
FPIOX	0.15	0.02	(0.28)	2.64	(0.24)	0.57	(0.23)	1.04
RIMOX	0.06	0.01	(0.40)	1.53	(0.08)	0.15	(0.10)	0.57
TAHFX	0.14	0.01	(0.32)	0.51	(0.22)	0.25	(0.24)	1.22
MRHYX	0.12	0.02	(0.33)	0.77	(0.16)	0.24	(0.23)	0.59
BUFHX	0.09	0.03	(0.36)	5.22	(0.13)	0.28	(0.09)	0.66
PYRLX	0.13	0.02	(0.21)	1.43	(0.20)	0.32	(0.31)	0.95

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