Swan Defined Correlations

SDAAX Fund

USD 15.64 0.01 0.06%

The current 90-days correlation between Swan Defined Risk and Qs Large Cap is 0.85 (i.e., Very 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

1.0	SDACX	Swan Defined Risk	Pair Corr
1.0	SDAIX	Swan Defined Risk	Pair Corr
0.92	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.98	GTENX	Gateway Fund Class	Pair Corr
0.98	GTECX	Gateway Fund Class	Pair Corr
0.98	GTEYX	Gateway Fund Class	Pair Corr
0.98	GATEX	Gateway Fund Class	Pair Corr
0.92	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.93	PREIX	T Rowe Price	Pair Corr
0.79	HGOFX	Hartford Growth	Pair Corr
0.79	PONAX	Pimco Income	Pair Corr
0.75	GIIYX	International Equity	Pair Corr
0.78	GMTZX	Mydestination 2015	Pair Corr
0.61	HTECX	Hennessy Technology	Pair Corr
0.73	SBAYX	Western Asset Adjustable	Pair Corr
0.74	AOD	Aberdeen Total Dynamic	Pair Corr
0.91	TBLWX	T Rowe Price	Pair Corr
0.82	VWEAX	Vanguard High Yield	Pair Corr
0.63	GRSPX	Greenspring Fund Retail	Pair Corr
0.71	PQTNX	Pimco Trends Managed	Pair Corr

Moving against Swan Mutual Fund

0.89	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.56	TCTGX	Transamerica Cleartrack	Pair Corr
0.56	TDKTX	Cleartrack 2015 Class	Pair Corr
0.56	TCTJX	Transamerica Cleartrack	Pair Corr
0.89	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.7	UIPIX	Ultrashort Mid Cap	Pair Corr
0.57	PDI	Pimco Dynamic Income	Pair Corr
0.53	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	LMUSX	REMVX	FVKVWX	OPTCX	FBJYGX	FLDFX
LMUSX		0.8	0.73	0.91	0.93	0.95	LMUSX
REMVX	0.8		0.76	0.74	0.83	0.74	REMVX
FVKVWX	0.73	0.76		0.83	0.82	0.71	FVKVWX
OPTCX	0.91	0.74	0.83		0.94	0.91	OPTCX
FBJYGX	0.93	0.83	0.82	0.94		0.92	FBJYGX
FLDFX	0.95	0.74	0.71	0.91	0.92		FLDFX
	LMUSX	REMVX	FVKVWX	OPTCX	FBJYGX	FLDFX

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
LMUSX	0.62	0.04	0.04	0.11	0.79	(0.61)	1.56	(1.35)	4.05
REMVX	0.64	0.09	0.08	0.19	0.72	(0.76)	1.23	(0.86)	4.38
FVKVWX	0.64	0.08	0.08	0.17	0.69	(0.72)	1.49	(1.27)	3.69
OPTCX	0.16	0.00	(0.19)	0.03	0.14	(0.21)	0.40	(0.40)	1.01
FBJYGX	0.57	0.05	0.04	0.11	0.66	(0.59)	1.26	(1.10)	3.24
FLDFX	0.46	0.02	0.01	0.08	0.52	(0.51)	0.93	(0.95)	3.74

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