Swan Defined Correlations

SDFIX Fund

USD 9.17 0.01 0.11%

The current 90-days correlation between Swan Defined Risk and Wisdomtree Siegel Moderate is 0.15 (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

Modest diversification

The correlation between Swan Defined Risk and DJI is 0.28 (i.e., Modest 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

0.93	SDFAX	Swan Defined Risk	Pair Corr
0.94	SDFCX	Swan Defined Risk	Pair Corr
0.76	SDJAX	Swan Defined Risk	Pair Corr
0.76	SDJCX	Swan Defined Risk	Pair Corr
0.77	SDJIX	Swan Defined Risk	Pair Corr
0.71	IFN	India Closed	Pair Corr

Moving against Swan Mutual Fund

0.53	JRBFX	Regional Bank	Pair Corr
0.43	CLM	Cornerstone Strategic	Pair Corr
0.32	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	MODRX	FRTCX	SCGCX	HBAIX	SMOAX	SAMAX	EXBAX
MODRX		0.33	0.03	0.21	0.51	-0.07	0.68	MODRX
FRTCX	0.33		0.63	0.77	0.87	0.65	0.53	FRTCX
SCGCX	0.03	0.63		0.94	0.28	0.93	0.01	SCGCX
HBAIX	0.21	0.77	0.94		0.55	0.83	0.32	HBAIX
SMOAX	0.51	0.87	0.28	0.55		0.24	0.79	SMOAX
SAMAX	-0.07	0.65	0.93	0.83	0.24		-0.12	SAMAX
EXBAX	0.68	0.53	0.01	0.32	0.79	-0.12		EXBAX
	MODRX	FRTCX	SCGCX	HBAIX	SMOAX	SAMAX	EXBAX

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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

HBAIX	+ 0.94	SCGCX
SAMAX	+ 0.93	SCGCX
SMOAX	+ 0.87	FRTCX
SAMAX	+ 0.83	HBAIX
EXBAX	+ 0.79	SMOAX
HBAIX	+ 0.77	FRTCX

High negative correlations

EXBAX	- 0.12	SAMAX
SAMAX	- 0.07	MODRX

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
MODRX	0.27	(0.02)	(0.31)	(0.06)	0.30	(0.46)	0.72	(0.63)	1.52
FRTCX	0.22	(0.01)	(0.31)	0.07	0.22	(0.24)	0.39	(0.48)	1.14
SCGCX	0.42	0.05	(0.10)	2.49	0.48	(0.46)	0.87	(0.71)	2.67
HBAIX	0.35	0.03	(0.17)	1.30	0.42	(0.38)	0.83	(0.68)	2.05
SMOAX	0.20	(0.02)	(0.42)	0.02	0.19	(0.23)	0.34	(0.42)	1.10
SAMAX	0.42	0.00	(0.08)	0.12	0.42	(0.47)	0.85	(0.83)	2.62
EXBAX	0.25	(0.01)	(0.33)	(0.07)	0.31	(0.26)	0.47	(0.60)	1.49

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