Swan Defined Correlations

Mutual Funds USA . 
Fund . Swan Defined Risk
SDAIX Fund  USD 16.06  0.00  0.00%   
The current 90-days correlation between Swan Defined Risk and Dreyfusstandish Global Fixed is 0.28 (i.e., Modest 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

Poor diversification

The correlation between Swan Defined Risk and DJI is 0.79 (i.e., 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 gross domestic product.

Moving together with Swan Mutual Fund

  0.71SDACX Swan Defined RiskPairCorr
  0.61SDAAX Swan Defined RiskPairCorr
  0.68SDRCX Swan Defined RiskPairCorr
  0.69SDRIX Swan Defined RiskPairCorr
  0.78JHQCX Jpmorgan Hedged EquityPairCorr
  0.78JHEQX Jpmorgan Hedged EquityPairCorr
  0.72JHQAX Jpmorgan Hedged EquityPairCorr
  0.74GTENX Gateway Fund ClassPairCorr
  0.65GTECX Gateway Fund ClassPairCorr
  0.74GTEYX Gateway Fund ClassPairCorr
  0.65GATEX Gateway Fund ClassPairCorr
  0.73JHDCX Jpmorgan Hedged EquityPairCorr
  0.73JHDRX Jpmorgan Hedged EquityPairCorr
  0.65JHDAX Jpmorgan Hedged EquityPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.62VTSAX Vanguard Total StockPairCorr
  0.73VTSMX Vanguard Total StockPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.68MGDAX Mainstay Moderate GrowthPairCorr
  0.66JNSMX Janus Global AllocationPairCorr
  0.68JPTBX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis


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

ANAGX
+ 0.95
DHGCX
RGHYX
+ 0.72
GAFAX
RGHYX
+ 0.32
SMYIX
SMYIX
+ 0.31
ANAGX
GAFAX
+ 0.31
ARTRX
ARTRX
+ 0.29
ANAGX
  

High negative correlations

ARTRX
- 0.02
SMYIX
RGHYX
- 0.01
ARTRX

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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