Swan Defined Correlations

SDRIX Fund

USD 14.90 0.05 0.34%

The current 90-days correlation between Swan Defined Risk and T Rowe Price is 0.13 (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

Very weak diversification

The correlation between Swan Defined Risk and DJI is 0.57 (i.e., Very 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 gross domestic product.

Moving together with Swan Mutual Fund

0.62	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.64	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.67	GTENX	Gateway Fund Class	Pair Corr
0.66	GATEX	Gateway Fund Class	Pair Corr
0.64	GTECX	Gateway Fund Class	Pair Corr
0.67	GTEYX	Gateway Fund Class	Pair Corr
0.62	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.65	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.84	FSMMX	Fs Multi Strategy	Pair Corr
0.88	BTMPX	Ishares Msci Eafe	Pair Corr
0.88	BTMKX	Blackrock International	Pair Corr
0.88	MDIIX	Blackrock Intern Index	Pair Corr
0.63	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.63	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.87	CLBAX	American Balanced	Pair Corr
0.73	TWCGX	Growth Fund Investor	Pair Corr
0.85	ISWSX	Voya Solution Income	Pair Corr
0.78	CUSDX	Six Circles Ultra	Pair Corr
0.89	MHESX	Mh Elite Select	Pair Corr
0.84	BA	Boeing Earnings Call Tomorrow	Pair Corr
0.75	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Swan Mutual Fund

0.42	T	ATT Inc Earnings Call This Week	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.34	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.32	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	GBAYX	FSTRX	GGRYX	NEAMX	JAAIX	PAVLX
GBAYX		0.93	1.0	0.81	0.81	0.93	GBAYX
FSTRX	0.93		0.93	0.85	0.87	0.97	FSTRX
GGRYX	1.0	0.93		0.82	0.81	0.93	GGRYX
NEAMX	0.81	0.85	0.82		0.96	0.89	NEAMX
JAAIX	0.81	0.87	0.81	0.96		0.89	JAAIX
PAVLX	0.93	0.97	0.93	0.89	0.89		PAVLX
	GBAYX	FSTRX	GGRYX	NEAMX	JAAIX	PAVLX

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
GBAYX	0.35	0.06	0.05	0.22	0.11	(0.43)	0.62	(0.53)	5.73
FSTRX	0.64	0.20	0.20	2.50	0.36	(0.77)	1.55	(1.06)	7.98
GGRYX	0.53	0.10	0.12	0.22	0.38	(0.63)	0.91	(0.96)	8.85
NEAMX	0.54	0.09	0.04	0.65	0.53	(0.60)	1.10	(1.20)	2.78
JAAIX	0.18	0.02	(0.19)	0.65	0.08	(0.21)	0.36	(0.36)	0.79
PAVLX	0.60	0.10	0.13	0.17	0.39	(0.67)	1.60	(1.04)	6.01

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