Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDACX Fund  USD 14.90  0.06  0.40%   
The current 90-days correlation between Swan Defined Risk and Pace Smallmedium Value is 0.59 (i.e., Very weak 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 0.85 (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 unemployment.

Moving together with Swan Mutual Fund

  0.87SDAAX Swan Defined RiskPairCorr
  1.0SDAIX Swan Defined RiskPairCorr
  0.92JHQCX Jpmorgan Hedged EquityPairCorr
  0.92JHEQX Jpmorgan Hedged EquityPairCorr
  0.83JHQAX Jpmorgan Hedged EquityPairCorr
  0.97GTENX Gateway Fund ClassPairCorr
  0.86GATEX Gateway Fund ClassPairCorr
  0.86GTECX Gateway Fund ClassPairCorr
  0.97GTEYX Gateway Fund ClassPairCorr
  0.93JHDCX Jpmorgan Hedged EquityPairCorr
  0.82JHDRX Jpmorgan Hedged EquityPairCorr
  0.82JHDAX Jpmorgan Hedged EquityPairCorr
  0.86FTYPX Fidelity Freedom IndexPairCorr
  0.8FFBTX Fidelity Freedom BlendPairCorr
  0.73GCAVX Gmo Small CapPairCorr
  0.64GQLOX Gmo Quality FundPairCorr
  0.75GHVIX Gmo High YieldPairCorr
  0.74GMCQX Gmo Equity AllocationPairCorr
  0.71TRPUX T Rowe PricePairCorr
  0.68USMIX Extended Market IndexPairCorr
  0.7LSSNX Loomis Sayles SmallPairCorr
  0.72CCWRX Columbia Select LargePairCorr
  0.68CECYX Columbia Large CapPairCorr
  0.69AOGIX One Choice PortfolioPairCorr
  0.7WSCJX Wells Fargo SmallPairCorr
  0.71TINCX Templeton Global BalancedPairCorr
  0.71MKCPX Blackrock BalancedPairCorr
  0.68DCCAX Delaware Small CapPairCorr
  0.73MNOSX Manning Napier OverseasPairCorr
  0.71CRAAX Columbia Adaptive RiskPairCorr
  0.73WGICX Wasatch Micro CapPairCorr

Moving against Swan Mutual Fund

  0.38GABFX Gmo Asset AllocationPairCorr

Related Correlations Analysis


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.

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