Q3 All Correlations

QAITX Fund

USD 11.58 0.05 0.43%

The current 90-days correlation between Q3 All Weather and Q3 All Weather Tactical is 1.0 (i.e., No risk reduction). The correlation of Q3 All 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.

Q3 All Correlation With Market

Average diversification

The correlation between Q3 All Weather Tactical and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q3 All Weather Tactical and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Q3 All Weather Tactical. 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 estimate.

Moving together with QAITX Mutual Fund

1.0

QACTX

Q3 All Weather

Pair Corr

Moving against QAITX Mutual Fund

0.34	LSHEX	Kinetics Spin Off	Pair Corr
0.33	LSHUX	Horizon Spin Off	Pair Corr
0.33	LSHAX	Horizon Spin Off	Pair Corr
0.34	KNPYX	Kinetics Paradigm	Pair Corr
0.34	WWNPX	Kinetics Paradigm	Pair Corr
0.34	KNPAX	Kinetics Paradigm	Pair Corr
0.33	LSHCX	Horizon Spin Off	Pair Corr
0.33	KNPCX	Kinetics Paradigm	Pair Corr

Related Correlations Analysis

	QACTX	QAISX	QAITX	QASOX	UUPSX	PCLPX	TGWIX	KHYIX	MGGAX	PRVDX
QACTX		0.21	1.0	0.38	0.11	-0.13	0.01	0.11	0.3	-0.06	QACTX
QAISX	0.21		0.27	0.82	0.34	0.51	0.14	0.51	-0.07	0.3	QAISX
QAITX	1.0	0.27		0.43	0.14	-0.06	0.02	0.17	0.28	-0.01	QAITX
QASOX	0.38	0.82	0.43		0.43	0.57	0.16	0.57	-0.05	0.34	QASOX
UUPSX	0.11	0.34	0.14	0.43		0.33	0.85	0.75	0.4	0.75	UUPSX
PCLPX	-0.13	0.51	-0.06	0.57	0.33		0.07	0.66	-0.37	0.5	PCLPX
TGWIX	0.01	0.14	0.02	0.16	0.85	0.07		0.67	0.58	0.74	TGWIX
KHYIX	0.11	0.51	0.17	0.57	0.75	0.66	0.67		0.3	0.91	KHYIX
MGGAX	0.3	-0.07	0.28	-0.05	0.4	-0.37	0.58	0.3		0.35	MGGAX
PRVDX	-0.06	0.3	-0.01	0.34	0.75	0.5	0.74	0.91	0.35		PRVDX
	QACTX	QAISX	QAITX	QASOX	UUPSX	PCLPX	TGWIX	KHYIX	MGGAX	PRVDX

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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

QAITX	+ 1.0	QACTX
PRVDX	+ 0.91	KHYIX
TGWIX	+ 0.85	UUPSX
QASOX	+ 0.82	QAISX
KHYIX	+ 0.75	UUPSX
PRVDX	+ 0.75	UUPSX

High negative correlations

MGGAX	- 0.37	PCLPX
PCLPX	- 0.13	QACTX
MGGAX	- 0.07	QAISX
PCLPX	- 0.06	QAITX
PRVDX	- 0.06	QACTX
MGGAX	- 0.05	QASOX

Risk-Adjusted Indicators

There is a big difference between QAITX Mutual Fund performing well and Q3 All 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 Q3 All'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
QACTX	0.66	0.00	0.00	0.00	1.03	(0.71)	1.39	(1.27)	5.29
QAISX	0.40	0.03	0.02	(0.28)	0.71	(0.67)	1.12	(1.52)	5.19
QAITX	0.66	0.00	0.00	0.02	1.06	(0.67)	1.37	(1.29)	5.29
QASOX	0.40	0.03	0.02	0.11	0.71	(0.67)	1.12	(1.52)	5.19
UUPSX	1.70	0.09	0.04	0.10	2.12	(1.86)	4.36	(4.24)	11.20
PCLPX	0.56	0.09	0.12	(2.50)	0.55	(0.66)	1.19	(0.93)	4.37
TGWIX	0.34	0.00	0.01	0.03	0.37	(0.47)	0.71	(0.71)	1.98
KHYIX	0.12	0.01	0.05	0.29	0.00	(0.24)	0.23	(0.23)	0.68
MGGAX	0.18	0.00	0.01	0.05	0.15	(0.28)	0.35	(0.35)	1.29
PRVDX	0.10	0.00	(0.04)	(0.05)	0.07	(0.12)	0.23	(0.19)	0.56

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