Qs Moderate Correlations

SCGRX Fund

USD 17.00 0.09 0.53%

The correlation of Qs Moderate 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.

Qs Moderate Correlation With Market

Weak diversification

The correlation between Qs Moderate Growth and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Moderate Growth 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 Qs Moderate Growth. 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 metropolitan statistical area.

Moving together with SCGRX Mutual Fund

0.81	TEBIX	Franklin Mutual Beacon	Pair Corr
0.73	TEDIX	Franklin Mutual Global	Pair Corr
0.73	TEDSX	Franklin Mutual Global	Pair Corr
0.73	TEDRX	Franklin Mutual Global	Pair Corr
0.74	TEGRX	Templeton Growth	Pair Corr
0.83	TEMGX	Templeton Global Smaller	Pair Corr
0.8	TEMEX	Franklin Mutual Beacon	Pair Corr
0.86	TEMWX	Templeton World	Pair Corr
0.79	TEMTX	Franklin Mutual Shares	Pair Corr
0.75	TEMQX	Mutual Quest	Pair Corr
0.68	FQCTX	Franklin Necticut Tax	Pair Corr
0.8	SAIFX	Clearbridge Large Cap	Pair Corr
0.76	SAGYX	Clearbridge Aggressive	Pair Corr
0.74	TEQIX	Franklin Mutual Quest	Pair Corr
0.75	TEPLX	Templeton Growth	Pair Corr
0.86	TWDAX	Templeton World	Pair Corr
0.79	TESIX	Franklin Mutual Shares	Pair Corr
0.82	TESGX	Templeton Global Smaller	Pair Corr
0.79	TESRX	Franklin Mutual Shares	Pair Corr
0.61	LGGAX	Clearbridge International	Pair Corr
0.61	LGIEX	Qs International Equity	Pair Corr
0.71	FQLAX	Franklin Louisiana Tax	Pair Corr
0.86	TEWTX	Templeton World	Pair Corr
0.78	SAPYX	Clearbridge Appreciation	Pair Corr
0.79	SASMX	Clearbridge Small Cap	Pair Corr
0.7	FQNCX	Franklin North Carolina	Pair Corr
0.69	FQMDX	Franklin Maryland Tax	Pair Corr

Moving against SCGRX Mutual Fund

0.64

WAADX

Western Asset Smash

Pair Corr

Related Correlations Analysis

	LCCXX	SWGXX	PBMXX	IVMXX	UGSDX	PYUSX	FCSCX
LCCXX		0.0	0.0	0.0	0.0	0.0	0.0	LCCXX
SWGXX	0.0		0.0	0.0	0.7	0.21	0.7	SWGXX
PBMXX	0.0	0.0		0.0	0.0	0.0	0.0	PBMXX
IVMXX	0.0	0.0	0.0		0.0	0.0	0.0	IVMXX
UGSDX	0.0	0.7	0.0	0.0		0.01	0.64	UGSDX
PYUSX	0.0	0.21	0.0	0.0	0.01		0.57	PYUSX
FCSCX	0.0	0.7	0.0	0.0	0.64	0.57		FCSCX
	LCCXX	SWGXX	PBMXX	IVMXX	UGSDX	PYUSX	FCSCX

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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

UGSDX	+ 0.7	SWGXX
FCSCX	+ 0.7	SWGXX
FCSCX	+ 0.64	UGSDX
FCSCX	+ 0.57	PYUSX
PYUSX	+ 0.21	SWGXX
PYUSX	+ 0.01	UGSDX

High negative correlations

FCSCX	- 0.0	IVMXX
PYUSX	- 0.0	IVMXX
UGSDX	- 0.0	IVMXX
FCSCX	- 0.0	PBMXX
PYUSX	- 0.0	PBMXX
UGSDX	- 0.0	PBMXX

Risk-Adjusted Indicators

There is a big difference between SCGRX Mutual Fund performing well and Qs Moderate 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 Qs Moderate'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
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(0.24)	0.00	0.00	0.00	0.00	1.01
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UGSDX	0.05	0.01	0.00	(0.79)	0.00	0.00	0.00	0.00	1.03
PYUSX	0.11	(0.01)	(0.17)	(0.38)	0.13	(0.18)	0.32	(0.21)	0.75
FCSCX	0.05	0.00	(0.14)	0.01	0.00	(0.29)	0.13	(0.13)	0.67

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