Swan Defined Correlations

SDRAX Fund

USD 14.74 0.01 0.07%

The current 90-days correlation between Swan Defined Risk and Swan Defined Risk is 0.06 (i.e., Significant 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

Poor diversification

The correlation between Swan Defined Risk and DJI is 0.79 (i.e., Poor 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

0.63	SDAAX	Swan Defined Risk	Pair Corr
0.61	SDAIX	Swan Defined Risk	Pair Corr
0.97	SDRCX	Swan Defined Risk	Pair Corr
0.97	SDRIX	Swan Defined Risk	Pair Corr
0.62	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.64	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.66	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.68	GTENX	Gateway Fund Class	Pair Corr
0.68	GTECX	Gateway Fund Class	Pair Corr
0.68	GTEYX	Gateway Fund Class	Pair Corr
0.7	GATEX	Gateway Fund Class	Pair Corr
0.63	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.66	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.67	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.8	GAAKX	Gmo Alternative Allo	Pair Corr
0.81	GAAGX	Gmo Alternative Allo	Pair Corr
0.63	GPBFX	Gmo E Plus	Pair Corr
0.87	GPMFX	Guidepath Managed Futures	Pair Corr
0.9	PQTAX	Pimco Trends Managed	Pair Corr
0.89	PQTNX	Pimco Trends Managed	Pair Corr
0.89	PQTIX	Aa Pimco Tr	Pair Corr
0.81	WARCX	Wells Fargo Advantage	Pair Corr
0.82	ABVCX	Ab Value Fund	Pair Corr
0.77	UASBX	Short Term Bond	Pair Corr
0.76	MWIGX	Metropolitan West	Pair Corr
0.61	HSFNX	Hennessy Small Cap	Pair Corr
0.93	SMIFX	Sound Mind Investing	Pair Corr
0.78	MMNBX	Mmnbx	Pair Corr
0.74	TRREX	T Rowe Price	Pair Corr
0.85	CAMYX	Cambiar International	Pair Corr
0.69	GDMYX	Defensive Market Str	Pair Corr
0.86	CAFRX	Africa Fund Africa Downward Rally	Pair Corr
0.76	RYCIX	Consumer Products	Pair Corr
0.89	HASAX	Horizon Active Asset	Pair Corr
0.9	TSWMX	Tsw Emerging Markets	Pair Corr
0.84	OAZIX	Oakmark International	Pair Corr
0.74	IENSX	Invesco Energy	Pair Corr

Related Correlations Analysis

	SDACX	SDAAX	SDAIX	SDCIX	SDCCX	SDCAX	SDFAX	SDFCX	SDFIX
SDACX		0.86	1.0	-0.26	-0.26	-0.26	0.06	0.06	0.09	SDACX
SDAAX	0.86		0.86	-0.3	-0.31	-0.31	0.08	0.07	0.11	SDAAX
SDAIX	1.0	0.86		-0.3	-0.3	-0.3	0.07	0.07	0.11	SDAIX
SDCIX	-0.26	-0.3	-0.3		1.0	1.0	-0.36	-0.31	-0.35	SDCIX
SDCCX	-0.26	-0.31	-0.3	1.0		1.0	-0.36	-0.31	-0.35	SDCCX
SDCAX	-0.26	-0.31	-0.3	1.0	1.0		-0.36	-0.31	-0.35	SDCAX
SDFAX	0.06	0.08	0.07	-0.36	-0.36	-0.36		1.0	1.0	SDFAX
SDFCX	0.06	0.07	0.07	-0.31	-0.31	-0.31	1.0		1.0	SDFCX
SDFIX	0.09	0.11	0.11	-0.35	-0.35	-0.35	1.0	1.0		SDFIX
	SDACX	SDAAX	SDAIX	SDCIX	SDCCX	SDCAX	SDFAX	SDFCX	SDFIX

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

SDAIX	+ 1.0	SDACX
SDCCX	+ 1.0	SDCIX
SDCAX	+ 1.0	SDCIX
SDCAX	+ 1.0	SDCCX
SDFCX	+ 1.0	SDFAX
SDFIX	+ 1.0	SDFAX

High negative correlations

SDFAX	- 0.36	SDCAX
SDFAX	- 0.36	SDCCX
SDFAX	- 0.36	SDCIX
SDFIX	- 0.35	SDCAX
SDFIX	- 0.35	SDCCX
SDFIX	- 0.35	SDCIX

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
SDACX	0.39	(0.01)	(0.05)	0.04	0.51	(0.41)	0.75	(0.95)	2.69
SDAAX	0.39	0.03	(0.02)	0.48	0.53	(0.40)	0.78	(0.96)	2.75
SDAIX	0.39	0.00	(0.04)	0.05	0.53	(0.39)	0.82	(0.95)	2.70
SDCIX	1.13	(0.61)	0.00	(2.18)	0.00	0.00	0.78	(0.94)	34.30
SDCCX	1.22	(0.66)	0.00	(2.14)	0.00	0.00	0.78	(0.95)	37.67
SDCAX	1.15	(0.62)	0.00	(2.15)	0.00	0.00	0.80	(0.96)	35.13
SDFAX	0.38	0.02	(0.06)	(0.07)	0.52	(0.45)	0.70	(1.04)	2.73
SDFCX	0.37	0.01	(0.07)	(0.04)	0.53	(0.43)	0.72	(0.94)	2.80
SDFIX	0.38	0.01	(0.06)	(0.08)	0.54	(0.44)	0.70	(1.12)	2.84

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