1919 Socially Correlations

SESLX Fund

USD 28.06 0.10 0.36%

The current 90-days correlation between 1919 Socially Responsive and 1919 Socially Responsive is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between 1919 Socially Responsive and DJI is 0.14 (i.e., Average 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1919 Socially Responsive. 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 bureau of economic analysis.

Moving together with 1919 Mutual Fund

1.0	SSIAX	1919 Socially Responsive	Pair Corr
0.79	SBFAX	1919 Financial Services	Pair Corr
0.8	SFSLX	1919 Financial Services	Pair Corr
0.79	LMRIX	1919 Financial Services	Pair Corr
1.0	LMRNX	1919 Socially Responsive	Pair Corr
0.86	FBONX	American Funds American	Pair Corr
0.86	FBAFX	American Funds American	Pair Corr
0.86	ABALX	American Balanced	Pair Corr
0.87	BALCX	American Balanced	Pair Corr
0.86	BALFX	American Balanced	Pair Corr
0.87	RLBCX	American Balanced	Pair Corr
0.87	RLBBX	American Balanced	Pair Corr
0.86	CLBAX	American Balanced	Pair Corr
0.87	CLBEX	American Balanced	Pair Corr
0.86	RLBFX	American Balanced	Pair Corr
0.93	CISGX	Touchstone Sands Capital	Pair Corr
0.65	AABVX	American Century One	Pair Corr
0.7	TFCCX	Touchstone Large Cap	Pair Corr

Moving against 1919 Mutual Fund

0.49	PMPIX	Precious Metals Ultr	Pair Corr
0.69	FHQFX	Fidelity Series Treasury	Pair Corr
0.67	TIIHX	Tiaa Cref Inflation	Pair Corr
0.58	GHIRX	Goldman Sachs Enhanced	Pair Corr
0.48	PMPSX	Precious Metals Ultr	Pair Corr
0.44	ARMGX	Western Asset Adjustable	Pair Corr
0.41	MXUGX	Great West Loomis	Pair Corr
0.81	SNAXX	Charles Schwab	Pair Corr
0.68	PYABX	Payden Absolute Return	Pair Corr
0.67	SBAPX	Segall Bryant Hamill	Pair Corr
0.66	PYGSX	Payden Global Low	Pair Corr

Related Correlations Analysis

	SSIAX	SBFAX	SESLX	SFSLX	LMRIX
SSIAX		0.8	1.0	0.81	0.8	SSIAX
SBFAX	0.8		0.79	1.0	1.0	SBFAX
SESLX	1.0	0.79		0.8	0.79	SESLX
SFSLX	0.81	1.0	0.8		1.0	SFSLX
LMRIX	0.8	1.0	0.79	1.0		LMRIX
	SSIAX	SBFAX	SESLX	SFSLX	LMRIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SSIAX	0.64	(0.14)	(1.50)	1.01	(1.43)	4.38
SBFAX	0.89	0.04	(0.14)	1.69	(2.63)	8.22
SESLX	0.65	(0.14)	(1.50)	1.03	(1.45)	4.38
SFSLX	0.90	0.03	(0.15)	1.69	(2.63)	8.25
LMRIX	0.90	0.04	(0.14)	1.73	(2.59)	8.25

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