Swan Defined Correlations

SDJAX Fund

USD 9.81 0.09 0.93%

The current 90-days correlation between Swan Defined Risk and Ab Bond Inflation is 0.16 (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

Weak diversification

The correlation between Swan Defined Risk and DJI is 0.31 (i.e., Weak 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 nation.

Moving together with Swan Mutual Fund

0.7	SDFAX	Swan Defined Risk	Pair Corr
0.71	SDFCX	Swan Defined Risk	Pair Corr
0.76	SDFIX	Swan Defined Risk	Pair Corr
1.0	SDJCX	Swan Defined Risk	Pair Corr
1.0	SDJIX	Swan Defined Risk	Pair Corr
0.69	IIF	Morgan Stanley India	Pair Corr
0.85	IFN	India Closed	Pair Corr

Moving against Swan Mutual Fund

0.65	SDCIX	Swan Defined Risk	Pair Corr
0.65	SDCCX	Swan Defined Risk	Pair Corr
0.65	SDCAX	Swan Defined Risk	Pair Corr
0.6	GTENX	Gateway Fund Class	Pair Corr
0.6	GTEYX	Gateway Fund Class	Pair Corr
0.59	GTECX	Gateway Fund Class	Pair Corr
0.52	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.52	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.52	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.51	SDAAX	Swan Defined Risk	Pair Corr
0.51	SDAIX	Swan Defined Risk	Pair Corr
0.5	SDACX	Swan Defined Risk	Pair Corr
0.49	SDRIX	Swan Defined Risk	Pair Corr
0.48	SDRAX	Swan Defined Risk	Pair Corr
0.47	SDRCX	Swan Defined Risk	Pair Corr
0.83	CLM	Cornerstone Strategic	Pair Corr
0.82	JRBFX	Regional Bank	Pair Corr
0.79	CRF	Cornerstone Strategic	Pair Corr
0.63	ETV	Eaton Vance Tax	Pair Corr
0.6	GATEX	Gateway Fund Class	Pair Corr
0.58	ASG	Liberty All Star	Pair Corr
0.57	WMICX	Wasatch Micro Cap	Pair Corr
0.57	THPGX	Thompson Largecap	Pair Corr
0.56	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.56	USA	Liberty All Star	Pair Corr
0.56	RTSAX	Tax Managed Mid	Pair Corr
0.55	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.55	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.54	ETY	Eaton Vance Tax	Pair Corr
0.53	HSTIX	Stock Index Fund	Pair Corr
0.4	CII	Blackrock Enhanced	Pair Corr

Related Correlations Analysis

	ABNTX	PTIAX	MDMTX	TTRBX	BXDYX	IMLXX
ABNTX		0.82	0.64	0.89	0.16	-0.43	ABNTX
PTIAX	0.82		0.81	0.91	-0.22	-0.77	PTIAX
MDMTX	0.64	0.81		0.81	-0.14	-0.57	MDMTX
TTRBX	0.89	0.91	0.81		0.08	-0.55	TTRBX
BXDYX	0.16	-0.22	-0.14	0.08		0.66	BXDYX
IMLXX	-0.43	-0.77	-0.57	-0.55	0.66		IMLXX
	ABNTX	PTIAX	MDMTX	TTRBX	BXDYX	IMLXX

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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

TTRBX	+ 0.91	PTIAX
TTRBX	+ 0.89	ABNTX
PTIAX	+ 0.82	ABNTX
MDMTX	+ 0.81	PTIAX
TTRBX	+ 0.81	MDMTX
IMLXX	+ 0.66	BXDYX

High negative correlations

IMLXX	- 0.77	PTIAX
IMLXX	- 0.57	MDMTX
IMLXX	- 0.55	TTRBX
IMLXX	- 0.43	ABNTX
BXDYX	- 0.22	PTIAX
BXDYX	- 0.14	MDMTX

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
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88
PTIAX	0.23	(0.01)	0.00	0.20	0.00	0.00	0.46	(0.55)	1.31
MDMTX	0.17	(0.01)	(0.31)	(0.20)	0.25	(0.23)	0.38	(0.56)	1.33
TTRBX	0.13	(0.01)	0.00	(0.41)	0.00	0.00	0.30	(0.30)	0.70
BXDYX	0.10	0.01	(0.73)	5.82	0.00	(0.16)	0.33	(0.11)	0.66
IMLXX	0.03	0.01	0.00	(0.38)	0.00	0.00	0.00	0.00	1.01

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