Standpoint Multi Correlations

Mutual Funds USA . 
Fund . Standpoint Multi Asset
REMIX Fund  USD 15.20  0.07  0.46%   
The current 90-days correlation between Standpoint Multi Asset and Virtus Real Estate is 0.4 (i.e., Very weak diversification). The correlation of Standpoint Multi 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.

Standpoint Multi Correlation With Market

Poor diversification

The correlation between Standpoint Multi Asset and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standpoint Multi Asset 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 Standpoint Multi Asset. 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 gross domestic product.

Moving together with Standpoint Mutual Fund

  1.0BLNDX Standpoint Multi AssetPairCorr

Moving against Standpoint Mutual Fund

  0.44COGVX Cognios Large CapPairCorr
  0.4ASLAX Ab Select LongshortPairCorr
  0.34QLERX Aqr Long ShortPairCorr
  0.58MCSMX Matthews China SmallPairCorr
  0.53PFN Pimco Income StrategyPairCorr
  0.46TWQZX Transamerica Large CapPairCorr
  0.41VFIAX Vanguard 500 IndexPairCorr
  0.41VFINX Vanguard 500 IndexPairCorr
  0.39SPMPX Invesco Steelpath MlpPairCorr
  0.39MLPNX Oppenheimer Steelpath MlpPairCorr
  0.39MLPMX Oppenheimer Steelpath MlpPairCorr
  0.39SPMJX Invesco Steelpath MlpPairCorr
  0.39USA Liberty All StarPairCorr
  0.35FSKAX Fidelity Total MarketPairCorr
  0.35RFEBX American Funds FundaPairCorr
  0.35PWTAX Ubs AllocationPairCorr
  0.31ASTZX Astor Long/shortPairCorr
  0.31ARTMX Artisan Mid CapPairCorr
  0.59NUSAX Nationwide GovernmentPairCorr
  0.57GUMPX Guggenheim Market NeutralPairCorr
  0.53BDJ Blackrock Enhanced EquityPairCorr
  0.53TRBUX T Rowe PricePairCorr

Related Correlations Analysis

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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   
TRRSX
+ 0.97
FREEX
JADBX
+ 0.91
FREEX
JADBX
+ 0.9
PHRAX
TRRSX
+ 0.9
JADBX
TRRSX
+ 0.88
PHRAX
FREEX
+ 0.85
PHRAX
  
High negative correlations   
FREEX
- 0.06
FORFX
TRRSX
- 0.02
FORFX

Risk-Adjusted Indicators

There is a big difference between Standpoint Mutual Fund performing well and Standpoint Multi 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 Standpoint Multi'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.

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