Swan Defined Correlations

SDRAX Fund

USD 14.69 0.03 0.20%

The current 90-days correlation between Swan Defined Risk and John Hancock Financial 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

Average diversification

The correlation between Swan Defined Risk and DJI is 0.15 (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, 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

0.89	SDRCX	Swan Defined Risk	Pair Corr
0.89	SDRIX	Swan Defined Risk	Pair Corr

Moving against Swan Mutual Fund

0.5	IGICX	International Growth And	Pair Corr
0.46	VPMAX	Vanguard Primecap	Pair Corr
0.45	VTSNX	Vanguard Total Inter	Pair Corr
0.45	VTPSX	Vanguard Total Inter	Pair Corr
0.42	RIDCX	Income Fund	Pair Corr
0.41	VTISX	Vanguard Total Inter	Pair Corr
0.36	OSMYX	Oppenheimer Intl Small	Pair Corr
0.33	PEVAX	Pace Smallmedium Value	Pair Corr
0.57	GEBIX	Goldman Sachs Esg	Pair Corr
0.44	DGAGX	Dreyfus Appreciation	Pair Corr

Related Correlations Analysis

	BTO	SBFAX	FIKBX	RMBLX	PSSRX	ICFAX
BTO		0.78	0.78	0.82	0.75	0.82	BTO
SBFAX	0.78		0.92	0.91	0.91	0.81	SBFAX
FIKBX	0.78	0.92		0.92	1.0	0.87	FIKBX
RMBLX	0.82	0.91	0.92		0.89	0.94	RMBLX
PSSRX	0.75	0.91	1.0	0.89		0.83	PSSRX
ICFAX	0.82	0.81	0.87	0.94	0.83		ICFAX
	BTO	SBFAX	FIKBX	RMBLX	PSSRX	ICFAX

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
BTO	0.99	(0.03)	(0.01)	0.05	1.57	(0.92)	1.91	(2.10)	7.11
SBFAX	0.95	0.27	0.19	2.61	0.69	(1.22)	1.70	(1.76)	17.53
FIKBX	0.79	0.11	0.10	0.18	0.89	(0.86)	1.80	(1.63)	7.65
RMBLX	1.04	0.18	0.12	0.25	1.12	(1.17)	3.00	(1.58)	7.72
PSSRX	0.93	0.14	0.13	0.19	0.84	(1.07)	1.90	(1.74)	12.53
ICFAX	0.89	0.17	0.22	0.24	0.48	(1.26)	1.66	(1.16)	14.40

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