Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDAIX Fund  USD 15.96  0.09  0.57%   
The current 90-days correlation between Swan Defined Risk and Swan Defined Risk is 1.0 (i.e., No risk reduction). 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 0.71 (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

  1.0SDACX Swan Defined RiskPairCorr
  0.83SDAAX Swan Defined RiskPairCorr
  0.92JHQCX Jpmorgan Hedged EquityPairCorr
  0.97GTENX Gateway Fund ClassPairCorr
  0.83GTECX Gateway Fund ClassPairCorr
  0.97GTEYX Gateway Fund ClassPairCorr
  0.94JHDCX Jpmorgan Hedged EquityPairCorr
  0.93JHDRX Jpmorgan Hedged EquityPairCorr
  0.8JHDAX Jpmorgan Hedged EquityPairCorr
  0.63SMPIX Semiconductor UltrasectorPairCorr
  0.61SMPSX Semiconductor UltrasectorPairCorr
  0.71EMSLX Shelton Emerging MarketsPairCorr
  0.74NWEIX Nationwide DestinationPairCorr
  0.61BROKX Blackrock AdvantagePairCorr
  0.74WIGRX Wasatch E GrowthPairCorr
  0.68JGVVX Jpmorgan Growth AdvantagePairCorr
  0.76BLATX Lord Abbett MultiPairCorr

Moving against Swan Mutual Fund

  0.36OSPPX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis

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