Energy Basic Correlations

SEPIX Fund

USD 13.10 0.00 0.00%

The current 90-days correlation between Energy Basic Materials and Oklahoma Municipal Fund is -0.04 (i.e., Good diversification). The correlation of Energy Basic 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Energy Basic Materials. 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 Energy Mutual Fund

1.0	SBMBX	Energy Basic Materials	Pair Corr
1.0	SEPCX	Energy Basic Materials	Pair Corr

Moving against Energy Mutual Fund

0.31	SIBPX	Investment Quality Bond	Pair Corr
0.42	SMBPX	Municipal Bond Portfolio	Pair Corr
0.37	SMBAX	Municipal Bond Portfolio	Pair Corr
0.35	SMBCX	Municipal Bond Portfolio	Pair Corr

Related Correlations Analysis

	OKMUX	EICVX	ABVCX	TMSRX	FLDFX	CHASX	MIDSX
OKMUX		0.47	0.54	0.57	0.54	0.62	0.44	OKMUX
EICVX	0.47		0.89	0.61	0.86	0.87	0.85	EICVX
ABVCX	0.54	0.89		0.65	0.96	0.89	0.83	ABVCX
TMSRX	0.57	0.61	0.65		0.72	0.8	0.58	TMSRX
FLDFX	0.54	0.86	0.96	0.72		0.89	0.77	FLDFX
CHASX	0.62	0.87	0.89	0.8	0.89		0.77	CHASX
MIDSX	0.44	0.85	0.83	0.58	0.77	0.77		MIDSX
	OKMUX	EICVX	ABVCX	TMSRX	FLDFX	CHASX	MIDSX

Risk-Adjusted Indicators

There is a big difference between Energy Mutual Fund performing well and Energy Basic 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 Energy Basic'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
OKMUX	0.06	0.02	0.00	(2.31)	0.00	0.00	0.28	(0.09)	0.48
EICVX	0.68	0.14	0.11	0.98	0.43	(0.84)	1.36	(0.87)	8.80
ABVCX	0.71	0.21	0.18	9.74	0.46	(0.91)	1.27	(1.09)	10.52
TMSRX	0.12	0.01	(0.23)	0.12	0.00	(0.18)	0.23	(0.34)	0.91
FLDFX	0.46	0.06	(0.01)	1.04	0.52	(0.51)	0.93	(0.95)	3.74
CHASX	1.09	0.19	0.14	0.25	1.04	(1.24)	1.99	(2.53)	12.57
MIDSX	1.83	0.22	0.07	0.28	2.69	(1.94)	3.73	(4.56)	13.39

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Energy Basic Correlations

Moving together with Energy Mutual Fund

Moving against Energy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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