Short Oil Correlations

SNPIX Fund

USD 14.16 0.38 2.76%

The current 90-days correlation between Short Oil Gas and Aqr Sustainable Long Short is -0.02 (i.e., Good diversification). The correlation of Short Oil 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.

Short Oil Correlation With Market

Very good diversification

The correlation between Short Oil Gas and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Oil Gas 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 Short Oil Gas. 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 Short Mutual Fund

0.61	SRPIX	Short Real Estate	Pair Corr
0.61	SRPSX	Short Real Estate	Pair Corr
0.69	UIPIX	Ultrashort Mid Cap	Pair Corr
0.69	UIPSX	Ultrashort Mid Cap	Pair Corr

Moving against Short Mutual Fund

1.0	ENPSX	Oil Gas Ultrasector	Pair Corr
1.0	ENPIX	Oil Gas Ultrasector	Pair Corr
0.71	MLPSX	Mid Cap Value	Pair Corr
0.71	MLPIX	Mid Cap Value	Pair Corr
0.38	UKPIX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.35	GVPIX	Us Government Plus	Pair Corr
0.34	GVPSX	Us Government Plus	Pair Corr
0.87	OEPSX	Oil Equipment Services	Pair Corr
0.87	OEPIX	Oil Equipment Services	Pair Corr
0.71	UMPSX	Ultramid Cap Profund	Pair Corr
0.71	UMPIX	Ultramid Cap Profund	Pair Corr
0.6	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.6	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.58	SVPIX	Small Cap Value	Pair Corr
0.46	SVPSX	Small Cap Value	Pair Corr

Related Correlations Analysis

	QNZIX	SWSFX	BXDCX	TSDCX	BISOX	OHSHX	FSHAX	CMGUX
QNZIX		0.81	0.82	0.86	0.84	0.79	0.77	0.86	QNZIX
SWSFX	0.81		0.85	0.89	0.88	0.65	0.7	0.89	SWSFX
BXDCX	0.82	0.85		0.96	0.97	0.87	0.9	0.95	BXDCX
TSDCX	0.86	0.89	0.96		0.99	0.82	0.88	0.99	TSDCX
BISOX	0.84	0.88	0.97	0.99		0.8	0.86	0.99	BISOX
OHSHX	0.79	0.65	0.87	0.82	0.8		0.89	0.77	OHSHX
FSHAX	0.77	0.7	0.9	0.88	0.86	0.89		0.83	FSHAX
CMGUX	0.86	0.89	0.95	0.99	0.99	0.77	0.83		CMGUX
	QNZIX	SWSFX	BXDCX	TSDCX	BISOX	OHSHX	FSHAX	CMGUX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Oil 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 Short Oil'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
QNZIX	0.61	0.09	0.03	3.05	0.77	(0.61)	1.08	(1.13)	4.49
SWSFX	0.03	0.00	0.00	(0.33)	0.00	0.00	0.10	(0.10)	0.59
BXDCX	0.09	0.01	(0.50)	(0.40)	0.00	(0.17)	0.33	(0.11)	0.54
TSDCX	0.05	0.01	0.00	3.49	0.00	0.00	0.11	(0.11)	0.66
BISOX	0.05	0.01	0.00	(1.55)	0.00	0.00	0.10	(0.10)	0.50
OHSHX	0.11	0.02	(0.18)	1.26	0.00	(0.16)	0.23	(0.22)	0.90
FSHAX	0.05	0.00	(0.44)	(0.32)	0.00	(0.13)	0.10	(0.10)	0.51
CMGUX	0.04	0.01	0.00	(1.43)	0.00	0.00	0.11	0.00	0.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC