Swan Defined Correlations

SDAAX Fund

USD 15.83 0.02 0.13%

The current 90-days correlation between Swan Defined Risk and Riskproreg Pfg 0 15 is 0.65 (i.e., Poor diversification). The correlation of Swan Defined 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.

Swan Defined Correlation With Market

Very poor diversification

The correlation between Swan Defined Risk and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Defined Risk 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 Swan Defined Risk. 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 Swan Mutual Fund

0.86	SDACX	Swan Defined Risk	Pair Corr
0.86	SDAIX	Swan Defined Risk	Pair Corr
0.63	SDRAX	Swan Defined Risk	Pair Corr
0.62	SDRCX	Swan Defined Risk	Pair Corr
0.62	SDRIX	Swan Defined Risk	Pair Corr
0.83	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.82	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.86	GTENX	Gateway Fund Class	Pair Corr
0.98	GTECX	Gateway Fund Class	Pair Corr
0.86	GTEYX	Gateway Fund Class	Pair Corr
0.98	GATEX	Gateway Fund Class	Pair Corr
0.83	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.83	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.7	GPMFX	Guidepath Managed Futures	Pair Corr
0.67	PQTAX	Pimco Trends Managed	Pair Corr
0.65	PQTNX	Pimco Trends Managed	Pair Corr
0.65	PQTIX	Aa Pimco Tr	Pair Corr
0.66	ABVCX	Ab Value Fund	Pair Corr
0.66	UASBX	Short Term Bond	Pair Corr
0.72	MWIGX	Metropolitan West	Pair Corr
0.64	HSFNX	Hennessy Small Cap	Pair Corr
0.65	SMIFX	Sound Mind Investing	Pair Corr
0.66	MMNBX	Mmnbx	Pair Corr
0.72	CAMYX	Cambiar International	Pair Corr
0.72	GDMYX	Defensive Market Str	Pair Corr
0.62	CAFRX	Africa Fund Africa Downward Rally	Pair Corr
0.76	HASAX	Horizon Active Asset	Pair Corr
0.69	TSWMX	Tsw Emerging Markets	Pair Corr
0.76	OAZIX	Oakmark International	Pair Corr

Related Correlations Analysis

	CHYDX	FAOGX	CDCRX	PARCX	CBSYX	PHYPX	BXHCX	PFADX
CHYDX		0.95	0.87	0.94	0.92	0.64	0.97	0.95	CHYDX
FAOGX	0.95		0.86	0.95	0.93	0.67	0.94	0.94	FAOGX
CDCRX	0.87	0.86		0.89	0.95	0.51	0.87	0.77	CDCRX
PARCX	0.94	0.95	0.89		0.95	0.6	0.92	0.9	PARCX
CBSYX	0.92	0.93	0.95	0.95		0.59	0.91	0.88	CBSYX
PHYPX	0.64	0.67	0.51	0.6	0.59		0.58	0.67	PHYPX
BXHCX	0.97	0.94	0.87	0.92	0.91	0.58		0.91	BXHCX
PFADX	0.95	0.94	0.77	0.9	0.88	0.67	0.91		PFADX
	CHYDX	FAOGX	CDCRX	PARCX	CBSYX	PHYPX	BXHCX	PFADX

Risk-Adjusted Indicators

There is a big difference between Swan Mutual Fund performing well and Swan Defined 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 Swan Defined'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
CHYDX	0.09	0.01	(0.25)	0.54	0.00	(0.15)	0.26	(0.13)	0.52
FAOGX	0.52	0.06	0.05	0.13	0.65	(0.54)	1.04	(1.30)	2.83
CDCRX	0.79	0.17	0.24	0.19	0.44	(0.96)	1.34	(1.16)	15.07
PARCX	0.39	0.08	0.11	0.20	0.19	(0.45)	0.82	(0.73)	5.12
CBSYX	0.42	0.07	0.11	0.17	0.30	(0.47)	0.82	(0.74)	5.49
PHYPX	0.13	(0.03)	0.00	(0.58)	0.00	0.00	0.22	(0.11)	3.22
BXHCX	0.13	0.02	(0.17)	1.55	0.00	(0.20)	0.25	(0.25)	0.86
PFADX	0.19	0.03	(0.08)	0.37	0.00	(0.22)	0.41	(0.31)	0.92

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Swan Defined Correlations

Swan Defined Correlation With Market

Very poor diversification

Moving together with Swan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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