Moderately Aggressive Correlations

SAMIX Fund

USD 12.29 0.19 1.57%

The current 90-days correlation between Moderately Aggressive and Doubleline Emerging Markets is 0.14 (i.e., Average diversification). The correlation of Moderately Aggressive 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.

Moderately Aggressive Correlation With Market

Very poor diversification

The correlation between Moderately Aggressive Balanced and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderately Aggressive Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Moderately Aggressive Balanced. 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 Moderately Mutual Fund

0.97	SABAX	Salient Alternative Beta	Pair Corr
1.0	SABIX	Aggressive Balanced	Pair Corr
1.0	SABCX	Salient Alternative Beta	Pair Corr
0.97	SAMAX	Moderately Aggressive	Pair Corr
1.0	SAMCX	Salient Mlp Fund	Pair Corr
0.98	SSCCX	Saratoga Small Capit	Pair Corr
0.96	SSCPX	Small Capitalization	Pair Corr
0.98	SSCYX	Small Capitalization	Pair Corr
1.0	SBCCX	Moderately Servative	Pair Corr
0.85	SBHIX	Health Biotchnology	Pair Corr
1.0	SBMCX	Moderate Balanced	Pair Corr
1.0	SBMIX	Moderate Balanced	Pair Corr
0.98	STPAX	Technology Communications	Pair Corr
0.96	STPCX	Technology Communications	Pair Corr
0.95	STPIX	Technology Communications	Pair Corr
0.97	SCAAX	Conservative Balanced	Pair Corr
0.97	SUMCX	Conservative Balanced	Pair Corr
0.87	SHPAX	Health Biotchnology	Pair Corr
0.92	SHPCX	Health Biotchnology	Pair Corr
0.79	SIEYX	International Equity	Pair Corr
0.8	SIECX	International Equity	Pair Corr
0.8	SIEPX	International Equity	Pair Corr
0.98	SLCVX	Large Cap Value	Pair Corr
0.96	SLGYX	Large Capitalization	Pair Corr
0.98	SLVCX	Large Cap Value	Pair Corr
0.99	SLVYX	Large Cap Value	Pair Corr
0.97	SMACX	Moderately Conservative	Pair Corr
1.0	SMICX	Moderately Conservative	Pair Corr
0.97	SMIPX	Mid Capitalization	Pair Corr
0.97	SMPAX	Moderate Balanced	Pair Corr
1.0	LUNAX	Conservative Balanced	Pair Corr
0.99	SPMAX	Mid Capitalization	Pair Corr
0.84	ABALX	American Balanced	Pair Corr
0.92	BALCX	American Balanced	Pair Corr

Moving against Moderately Mutual Fund

0.95	SLGCX	Large Capitalization	Pair Corr
0.92	SPMCX	Mid Capitalization	Pair Corr

Related Correlations Analysis

	JHMXX	TIMXX	PLMPX	IATXX	SMAAX	TEIMX	DBELX
JHMXX		0.0	0.0	0.0	0.0	0.0	0.0	JHMXX
TIMXX	0.0		0.0	0.0	0.0	0.0	0.0	TIMXX
PLMPX	0.0	0.0		0.0	0.91	0.99	0.99	PLMPX
IATXX	0.0	0.0	0.0		0.0	0.0	0.0	IATXX
SMAAX	0.0	0.0	0.91	0.0		0.91	0.91	SMAAX
TEIMX	0.0	0.0	0.99	0.0	0.91		0.99	TEIMX
DBELX	0.0	0.0	0.99	0.0	0.91	0.99		DBELX
	JHMXX	TIMXX	PLMPX	IATXX	SMAAX	TEIMX	DBELX

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

TEIMX	+ 0.99	PLMPX
DBELX	+ 0.99	PLMPX
DBELX	+ 0.99	TEIMX
SMAAX	+ 0.91	PLMPX
TEIMX	+ 0.91	SMAAX
DBELX	+ 0.91	SMAAX

High negative correlations

DBELX	- 0.0	IATXX
TEIMX	- 0.0	IATXX
SMAAX	- 0.0	IATXX
IATXX	- 0.0	PLMPX
DBELX	- 0.0	TIMXX
TEIMX	- 0.0	TIMXX

Risk-Adjusted Indicators

There is a big difference between Moderately Mutual Fund performing well and Moderately Aggressive 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 Moderately Aggressive'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLMPX	0.19	0.08	(0.01)	1.09	(0.27)	0.52	(0.27)	1.16
IATXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.07	0.02	(0.60)	3.58	(0.13)	0.20	(0.10)	0.48
TEIMX	0.24	0.07	(0.03)	0.72	(0.33)	0.58	(0.39)	1.74
DBELX	0.22	0.08	0.01	0.72	(0.29)	0.61	(0.32)	2.02

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