1919 Financial Correlations

Mutual Funds . USA . 
Fund . 1919 Financial Services
SFSLX Fund  USD 30.42  0.23  0.76%   
The current 90-days correlation between 1919 Financial Services and Abr 7525 Volatility is 0.59 (i.e., Very weak diversification). The correlation of 1919 Financial 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 Financial Correlation With Market

Good diversification

The correlation between 1919 Financial Services and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Financial Services 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 Financial Services. 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

  0.81SSIAX 1919 Socially ResponsivePairCorr
  1.0SBFAX 1919 Financial ServicesPairCorr
  0.8SESLX 1919 Socially ResponsivePairCorr
  1.0LMRIX 1919 Financial ServicesPairCorr
  0.81LMRNX 1919 Socially ResponsivePairCorr
  0.97VFAIX Vanguard Financials IndexPairCorr
  0.73FRBCX Regional BankPairCorr
  0.73JRGRX Regional BankPairCorr
  0.78PRISX T Rowe PricePairCorr
  0.99FIDCX Financial IndustriesPairCorr
  0.99JFDRX Financial IndustriesPairCorr
  0.99TFIFX T Rowe PricePairCorr
  0.99DVFYX Davis FinancialPairCorr
  0.95RPFGX Davis FinancialPairCorr
  0.99DFFCX Davis FinancialPairCorr
  0.74XPPRX Voya Prime RatePairCorr
  0.73PCF Putnam High IncomePairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.72LTFOX Lord Abbett AffiliatedPairCorr
  0.61LLPFX Longleaf PartnersPairCorr
  0.72FEMDX Franklin Emerging MarketPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.66FBALX Fidelity BalancedPairCorr
  0.86SCRYX Small Cap CorePairCorr
  0.66RQECX Resq Dynamic AllocationPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr

Moving against 1919 Mutual Fund

  0.48XDSMX Dreyfus StrategicPairCorr
  0.68XNXJX Nuveen New JerseyPairCorr
  0.67XNBHX Neuberger Berman IntPairCorr
  0.57NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

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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   
VOLMX
+ 0.95
OPTCX
OPTCX
+ 0.79
VOLJX
VOLMX
+ 0.73
VOLJX
FALCX
+ 0.0
VOLJX
FALCX
+ 0.0
OPTCX
XMHFX
+ 0.0
FALCX
  
High negative correlations   
VOLMX
- 0.74
XMHFX
XMHFX
- 0.68
OPTCX
XMHFX
- 0.35
VOLJX
VOLMX
- 0.0
FALCX
XMHFX
- 0.0
FALCX
FALCX
- 0.0
OPTCX

Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Financial 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 Financial'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.

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