Swan Defined Correlations

SDJIXDelisted Fund

USD 8.97 0.00 0.00%

The current 90-days correlation between Swan Defined Risk and Matson Money Equity is -0.02 (i.e., Good 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

Very good diversification

The correlation between Swan Defined Risk and DJI is -0.3 (i.e., Very good 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

0.56	PAUIX	Pimco All Asset	Pair Corr
0.55	PATRX	Pimco All Asset	Pair Corr
0.54	KF	Korea Closed	Pair Corr
0.54	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.54	USAGX	Precious Metals And Steady Growth	Pair Corr
0.5	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.48	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.48	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.46	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.43	UNWPX	World Precious Minerals	Pair Corr
0.4	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.35	TRRVX	T Rowe Price	Pair Corr
0.33	RWICX	Capital World Growth	Pair Corr
0.67	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.58	PAUPX	Pimco All Asset	Pair Corr
0.56	KO	Coca Cola Sell-off Trend	Pair Corr
0.45	DD	Dupont De Nemours	Pair Corr
0.41	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	WMT	Walmart Common Stock	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr
0.4	MRK	Merck Company	Pair Corr
0.39	AOFAX	Alger Small Cap	Pair Corr
0.39	BA	Boeing Earnings Call This Week	Pair Corr
0.35	FFOLX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	JHMXX	PBMXX	STPXX	JRSXX	FMVUX
JHMXX		0.0	0.0	0.0	0.0	JHMXX
PBMXX	0.0		0.0	0.0	0.0	PBMXX
STPXX	0.0	0.0		0.0	0.0	STPXX
JRSXX	0.0	0.0	0.0		0.0	JRSXX
FMVUX	0.0	0.0	0.0	0.0		FMVUX
	JHMXX	PBMXX	STPXX	JRSXX	FMVUX

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

PBMXX	+ 0.0	JHMXX
STPXX	+ 0.0	JHMXX
JRSXX	+ 0.0	JHMXX
FMVUX	+ 0.0	JHMXX
STPXX	+ 0.0	PBMXX
JRSXX	+ 0.0	PBMXX

High negative correlations

FMVUX	- 0.0	JRSXX
FMVUX	- 0.0	STPXX
JRSXX	- 0.0	STPXX
FMVUX	- 0.0	PBMXX
JRSXX	- 0.0	PBMXX
STPXX	- 0.0	PBMXX

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
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMVUX	0.75	0.16	0.19	0.28	0.45	(0.92)	1.89	(1.26)	7.72

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.

John Hancock Money Prudential Government Money Ubs Money Series Edward Jones Money Matson Money Equity American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot International Business Machines

Risk & Return

Correlation

Still Interested in Swan Defined Risk?

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