1919 Socially Correlations
| SESLX Fund | USD 31.54 0.11 0.35% |
The correlation of 1919 Socially 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.
1919 Socially Correlation With Market
Modest diversification
The correlation between 1919 Socially Responsive and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Socially Responsive and DJI in the same portfolio, assuming nothing else is changed.
1919 |
Moving together with 1919 Mutual Fund
| 0.78 | SSIAX | 1919 Socially Responsive | PairCorr |
| 0.99 | LMRNX | 1919 Socially Responsive | PairCorr |
| 0.64 | FBAFX | American Funds American | PairCorr |
| 0.64 | ABALX | American Balanced | PairCorr |
| 0.63 | BALCX | American Balanced | PairCorr |
| 0.64 | BALFX | American Balanced | PairCorr |
| 0.63 | RLBCX | American Balanced | PairCorr |
| 0.63 | RLBBX | American Balanced | PairCorr |
| 0.64 | CLBAX | American Balanced | PairCorr |
| 0.63 | CLBEX | American Balanced | PairCorr |
| 0.64 | RLBFX | American Balanced | PairCorr |
| 0.75 | BRUSX | Ultra Small Pany | PairCorr |
| 0.7 | NCLEX | Nicholas Edition | PairCorr |
| 0.75 | MUOCX | Msif Core Portfolio | PairCorr |
| 0.83 | JRLKX | Multi Index 2015 | PairCorr |
| 0.62 | RNHIX | Rivernorthoaktree High | PairCorr |
| 0.64 | TNBMX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.88 | -0.25 | 0.86 | 0.0 | SSAGX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.0 | 0.88 | 0.0 | 0.09 | 0.88 | 0.0 | RFBAX | ||
| 0.0 | -0.25 | 0.0 | 0.09 | 0.21 | 0.0 | MXDQX | ||
| 0.0 | 0.86 | 0.0 | 0.88 | 0.21 | 0.0 | DPIGX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LCCXX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 1919 Mutual Fund performing well and 1919 Socially 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 1919 Socially'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSAGX | 0.05 | 0.01 | (0.57) | (2.77) | 0.00 | 0.10 | 0.51 | |||
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RFBAX | 0.08 | 0.01 | (0.30) | (1.08) | 0.00 | 0.20 | 0.79 | |||
| MXDQX | 0.24 | (0.01) | (0.21) | (0.09) | 0.28 | 0.50 | 1.75 | |||
| DPIGX | 0.05 | 0.00 | (0.55) | (0.10) | 0.00 | 0.21 | 0.42 | |||
| LCCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |