Swan Defined Correlations

Summary

SDCIXDelisted Fund

USD 9.54 0.00 0.00%

The current 90-days correlation between Swan Defined Risk and Hartford Healthcare Hls is 0.11 (i.e., Average 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

Average diversification

The correlation between Swan Defined Risk and DJI is 0.1 (i.e., Average 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. 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 against Swan Mutual Fund

0.69	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.68	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.61	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.58	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.57	GTENX	Gateway Fund Class	Pair Corr
0.57	GTEYX	Gateway Fund Class	Pair Corr
0.55	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.54	GATEX	Gateway Fund Class	Pair Corr
0.53	GTECX	Gateway Fund Class	Pair Corr
0.8	TALCX	Transamerica Large Cap	Pair Corr
0.69	BFGUX	Baron Focused Growth	Pair Corr
0.65	EPGFX	Europac Gold	Pair Corr
0.61	DIHRX	Intal High Relative	Pair Corr
0.59	SSTLX	Western Asset Short	Pair Corr
0.59	HSDFX	Hartford Short	Pair Corr
0.57	IPMIX	Voya Index Plus	Pair Corr
0.57	EIGMX	Eaton Vance Global	Pair Corr
0.54	STBJX	Sierra Tactical Bond	Pair Corr
0.48	FUNFX	American Funds Funda	Pair Corr
0.47	VFIAX	Vanguard 500 Index	Pair Corr
0.33	TGRLX	Tiaa Cref Green	Pair Corr
0.32	CMAAX	Calvert Moderate All	Pair Corr
0.31	SSFCX	State Street Aggregate	Pair Corr
0.72	SMIPX	Mid Capitalization	Pair Corr
0.68	GAPIX	Goldman Sachs Equity	Pair Corr
0.65	JATAX	Janus Global Technology	Pair Corr
0.63	ILGRX	Ivy Large Cap	Pair Corr

Related Correlations Analysis

	HIAHX	LOGSX	LYFAX	AHSCX	FHCCX	SWHFX	PGHAX
HIAHX		0.98	0.95	0.97	0.59	0.93	0.97	HIAHX
LOGSX	0.98		0.92	0.94	0.62	0.91	0.97	LOGSX
LYFAX	0.95	0.92		0.93	0.62	0.83	0.91	LYFAX
AHSCX	0.97	0.94	0.93		0.56	0.92	0.93	AHSCX
FHCCX	0.59	0.62	0.62	0.56		0.4	0.65	FHCCX
SWHFX	0.93	0.91	0.83	0.92	0.4		0.89	SWHFX
PGHAX	0.97	0.97	0.91	0.93	0.65	0.89		PGHAX
	HIAHX	LOGSX	LYFAX	AHSCX	FHCCX	SWHFX	PGHAX

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
HIAHX	0.65	0.22	0.29	0.39	0.15	(0.87)	2.21	(1.01)	4.45
LOGSX	0.61	0.14	0.14	0.30	0.55	(0.70)	1.56	(1.14)	4.58
LYFAX	0.86	0.30	0.24	21.48	0.64	(1.06)	2.00	(1.56)	4.78
AHSCX	0.76	0.18	0.15	0.37	0.65	(0.86)	1.85	(1.43)	5.46
FHCCX	0.94	(0.10)	0.00	(0.08)	0.00	0.00	1.56	(1.56)	19.23
SWHFX	0.65	0.23	0.28	0.54	0.14	(0.81)	2.28	(1.00)	5.16
PGHAX	0.63	0.14	0.16	0.34	0.44	(0.76)	2.16	(1.11)	5.20

Swan Defined Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Swan Defined mutual fund to make a market-neutral strategy. Peer analysis of Swan Defined could also be used in its relative valuation, which is a method of valuing Swan Defined by comparing valuation metrics with similar companies.

Hartford Healthcare Hls Live Oak Health Alphacentric Lifesci Healthcare Alger Health Sciences Fidelity Advisor Health Schwab Health Care Putnam Global Health American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Swan Defined Risk?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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