Swan Defined Correlations

SDACX Fund

USD 14.93 0.05 0.33%

The current 90-days correlation between Swan Defined Risk and Davis Financial Fund is 0.63 (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 0.8 (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 services.

Moving together with Swan Mutual Fund

0.91	SDAAX	Swan Defined Risk	Pair Corr
0.91	SDAIX	Swan Defined Risk	Pair Corr
0.99	SDRAX	Swan Defined Risk	Pair Corr
0.99	SDRIX	Swan Defined Risk	Pair Corr
0.8	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.81	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.91	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.89	GTENX	Gateway Fund Class	Pair Corr
0.98	GTECX	Gateway Fund Class	Pair Corr
0.89	GTEYX	Gateway Fund Class	Pair Corr
0.98	GATEX	Gateway Fund Class	Pair Corr
0.8	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.82	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.92	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.76	LARCX	Floating Rate	Pair Corr
0.61	GSCYX	Small Cap Equity	Pair Corr
0.9	MGDAX	Mainstay Moderate Growth	Pair Corr
0.9	FJAOX	Fidelity Freedom Blend	Pair Corr
0.91	JNSMX	Janus Global Allocation Downward Rally	Pair Corr
0.81	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.75	OLCAX	Oppenheimer Rochester	Pair Corr
0.86	MTINX	Mainstay Income Builder	Pair Corr

Related Correlations Analysis

	DVFYX	PGFMX	RMBLX	FNPIX	VFAIX	FTIXX	SBFAX
DVFYX		0.28	0.88	0.72	0.8	0.0	-0.35	DVFYX
PGFMX	0.28		0.29	0.08	0.13	0.0	-0.04	PGFMX
RMBLX	0.88	0.29		0.65	0.75	0.0	-0.26	RMBLX
FNPIX	0.72	0.08	0.65		0.99	0.0	-0.27	FNPIX
VFAIX	0.8	0.13	0.75	0.99		0.0	-0.31	VFAIX
FTIXX	0.0	0.0	0.0	0.0	0.0		0.0	FTIXX
SBFAX	-0.35	-0.04	-0.26	-0.27	-0.31	0.0		SBFAX
	DVFYX	PGFMX	RMBLX	FNPIX	VFAIX	FTIXX	SBFAX

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

VFAIX	+ 0.99	FNPIX
RMBLX	+ 0.88	DVFYX
VFAIX	+ 0.8	DVFYX
VFAIX	+ 0.75	RMBLX
FNPIX	+ 0.72	DVFYX
FNPIX	+ 0.65	RMBLX

High negative correlations

SBFAX	- 0.35	DVFYX
SBFAX	- 0.31	VFAIX
SBFAX	- 0.27	FNPIX
SBFAX	- 0.26	RMBLX
SBFAX	- 0.04	PGFMX
SBFAX	- 0.0	FTIXX

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
DVFYX	0.69	(0.01)	(0.01)	0.06	1.14	(0.69)	1.45	(2.10)	6.24
PGFMX	0.34	(0.03)	0.00	(0.13)	0.00	0.00	0.62	(0.63)	3.71
RMBLX	1.03	(0.04)	(0.01)	0.04	1.69	(1.04)	2.70	(2.79)	9.35
FNPIX	0.97	(0.04)	(0.01)	0.04	1.42	(0.96)	1.80	(2.56)	5.80
VFAIX	0.67	(0.03)	(0.03)	0.04	0.93	(0.66)	1.33	(1.73)	4.28
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFAX	0.84	(0.19)	0.00	(0.75)	0.00	0.00	1.56	(2.26)	14.27

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