Grizzly Short Correlations

GRZZX Fund

USD 5.39 0.02 0.37%

The current 90-days correlation between Grizzly Short and Lord Abbett Diversified is -0.88 (i.e., Pay attention - limited upside). The correlation of Grizzly Short 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.

Grizzly Short Correlation With Market

Very good diversification

The correlation between Grizzly Short Fund and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grizzly Short 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 Grizzly Short 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 nation.

Moving together with Grizzly Mutual Fund

0.87	PSTIX	Stocksplus Tr Short	Pair Corr
0.87	PBRIX	Federated Prudent Bear Potential Growth	Pair Corr
0.88	BEARX	Federated Prudent Bear	Pair Corr
0.89	PBRCX	Federated Prudent Bear	Pair Corr
0.89	PSSCX	Pimco Stocksplus	Pair Corr
0.87	PSSAX	Pimco Stocksplus	Pair Corr
0.86	PSNNX	Pimco Stocksplus Short Potential Growth	Pair Corr
0.9	RYURX	Inverse Sp 500	Pair Corr
0.91	RYUCX	Inverse Sp 500	Pair Corr

Moving against Grizzly Mutual Fund

0.8	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.76	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	FSMAX	Fidelity Extended Market	Pair Corr
0.92	LACCX	Lord Abbett Vertible	Pair Corr
0.8	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.8	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.8	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.8	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.78	TORTX	Tortoise Mlp Pipeline	Pair Corr
0.77	BUMGX	Cboe Vest Sp	Pair Corr
0.76	TORIX	Tortoise Mlp Pipeline	Pair Corr
0.74	GLPAX	Goldman Sachs Mlp	Pair Corr
0.73	BFTUX	Baron Fifth Avenue	Pair Corr
0.73	BTCFX	Bitcoin Strategy Profund Steady Growth	Pair Corr
0.7	RBNAX	Robinson Opportunistic	Pair Corr
0.55	PFFRX	T Rowe Price	Pair Corr
0.52	UASBX	Short Term Bond	Pair Corr
0.43	BXMYX	Blackstone Alternative	Pair Corr
0.38	EIDOX	Eaton Vance Emerging	Pair Corr
0.34	QSPRX	Aqr Style Premia	Pair Corr
0.91	GATEX	Gateway Fund Class	Pair Corr
0.82	HSUAX	Rational Defensive Growth	Pair Corr

Related Correlations Analysis

	LIGFX	FEMDX	DBIRX	SEDAX	OFVIX	DLTZX	ARTYX	IGIEX
LIGFX		0.65	0.64	0.51	0.64	0.31	0.75	0.67	LIGFX
FEMDX	0.65		0.31	0.27	0.13	0.69	0.7	0.6	FEMDX
DBIRX	0.64	0.31		0.9	0.52	0.07	0.54	0.84	DBIRX
SEDAX	0.51	0.27	0.9		0.39	-0.06	0.46	0.81	SEDAX
OFVIX	0.64	0.13	0.52	0.39		-0.36	0.34	0.3	OFVIX
DLTZX	0.31	0.69	0.07	-0.06	-0.36		0.35	0.3	DLTZX
ARTYX	0.75	0.7	0.54	0.46	0.34	0.35		0.73	ARTYX
IGIEX	0.67	0.6	0.84	0.81	0.3	0.3	0.73		IGIEX
	LIGFX	FEMDX	DBIRX	SEDAX	OFVIX	DLTZX	ARTYX	IGIEX

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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

SEDAX	+ 0.9	DBIRX
IGIEX	+ 0.84	DBIRX
IGIEX	+ 0.81	SEDAX
ARTYX	+ 0.75	LIGFX
IGIEX	+ 0.73	ARTYX
ARTYX	+ 0.7	FEMDX

High negative correlations

DLTZX	- 0.36	OFVIX
DLTZX	- 0.06	SEDAX

Risk-Adjusted Indicators

There is a big difference between Grizzly Mutual Fund performing well and Grizzly Short 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 Grizzly Short'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
LIGFX	0.29	(0.01)	(0.06)	(0.04)	0.41	(0.28)	0.50	(0.50)	2.04
FEMDX	0.17	0.00	(0.06)	0.12	0.14	(0.22)	0.35	(0.35)	1.29
DBIRX	0.24	(0.04)	0.00	(1.12)	0.00	0.00	0.67	(0.57)	1.57
SEDAX	0.26	(0.04)	0.00	(0.50)	0.00	0.00	0.48	(0.59)	2.16
OFVIX	0.85	(0.11)	0.00	(0.19)	0.00	0.00	1.52	(1.85)	15.73
DLTZX	0.08	0.00	(0.11)	(0.13)	0.00	(0.20)	0.26	(0.13)	0.64
ARTYX	0.78	(0.04)	0.00	(0.25)	0.00	0.00	1.37	(1.63)	4.86
IGIEX	0.28	(0.03)	0.00	(0.28)	0.00	0.00	0.60	(0.60)	2.17

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