Snow Capital Correlations

SNWIX Fund

USD 75.14 0.65 0.87%

The current 90-days correlation between Snow Capital Small and Tcw Servative Allocation is 0.5 (i.e., Very weak diversification). The correlation of Snow Capital 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.

Snow Capital Correlation With Market

Almost no diversification

The correlation between Snow Capital Small and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snow Capital Small 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 Snow Capital Small. 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 Snow Mutual Fund

0.86	SNOAX	Snow Capital Opportunity	Pair Corr
0.86	SNOCX	Snow Capital Opportunity	Pair Corr
0.86	SNOIX	Snow Capital Opportunity	Pair Corr
1.0	SNWAX	Snow Capital Small	Pair Corr
1.0	SNWCX	Snow Capital Small	Pair Corr
0.76	VSIIX	Vanguard Small Cap	Pair Corr
0.81	VISVX	Vanguard Small Cap	Pair Corr
0.78	DFSVX	Us Small Cap	Pair Corr
0.8	DFFVX	Us Targeted Value	Pair Corr
0.81	VSMCX	Invesco Small Cap	Pair Corr
0.82	VSCAX	Invesco Small Cap	Pair Corr
0.85	UBVCX	Undiscovered Managers	Pair Corr
0.9	UBVAX	Undiscovered Managers	Pair Corr
0.66	FSAGX	Gold Portfolio Gold	Pair Corr
0.66	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.69	FKRCX	Franklin Gold Precious	Pair Corr
0.67	GOLDX	Gabelli Gold	Pair Corr
0.64	EKWAX	Wells Fargo Advantage	Pair Corr
0.65	KF	Korea Closed	Pair Corr
0.7	SGGDX	First Eagle Gold	Pair Corr
0.71	UNWPX	World Precious Minerals Downward Rally	Pair Corr
0.75	UJPIX	Ultrajapan Profund	Pair Corr
0.66	PSPFX	Global Resources	Pair Corr
0.85	JFFYX	Jpmorgan Smartretirement	Pair Corr
0.81	TSGPX	Tiaa Cref Lifestyle	Pair Corr
0.81	MWFIX	Mainstay Equity Etf Potential Growth	Pair Corr
0.78	FYASX	Access Flex High	Pair Corr
0.66	RYHHX	High Yield Strategy	Pair Corr
0.79	CATJX	Future Scholar 529	Pair Corr
0.73	MCNAX	Madison Conservative	Pair Corr
0.65	MFQTX	Amg Fq Tax	Pair Corr
0.83	GMXAX	Nationwide Mid Cap	Pair Corr
0.77	TBLEX	T Rowe Price	Pair Corr
0.71	LLDYX	Lord Abbett Short	Pair Corr

Related Correlations Analysis

	GTTMX	SGPIX	DIVE	WEBAX	CASAX	GVALX	RWGFX	SAOIX	RYCIX	TGPNX
GTTMX		0.65	0.69	0.58	0.77	0.91	0.91	0.63	0.89	0.6	GTTMX
SGPIX	0.65		0.59	0.89	0.88	0.81	0.59	0.87	0.81	0.89	SGPIX
DIVE	0.69	0.59		0.51	0.7	0.66	0.75	0.33	0.58	0.42	DIVE
WEBAX	0.58	0.89	0.51		0.91	0.78	0.56	0.91	0.77	0.95	WEBAX
CASAX	0.77	0.88	0.7	0.91		0.9	0.77	0.85	0.86	0.92	CASAX
GVALX	0.91	0.81	0.66	0.78	0.9		0.92	0.82	0.96	0.8	GVALX
RWGFX	0.91	0.59	0.75	0.56	0.77	0.92		0.56	0.84	0.57	RWGFX
SAOIX	0.63	0.87	0.33	0.91	0.85	0.82	0.56		0.86	0.93	SAOIX
RYCIX	0.89	0.81	0.58	0.77	0.86	0.96	0.84	0.86		0.8	RYCIX
TGPNX	0.6	0.89	0.42	0.95	0.92	0.8	0.57	0.93	0.8		TGPNX
	GTTMX	SGPIX	DIVE	WEBAX	CASAX	GVALX	RWGFX	SAOIX	RYCIX	TGPNX

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Risk-Adjusted Indicators

There is a big difference between Snow Mutual Fund performing well and Snow Capital 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 Snow Capital'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
GTTMX	1.12	0.38	0.38	0.47	0.47	(1.41)	1.69	(1.53)	25.07
SGPIX	0.73	0.05	0.06	0.08	0.75	(0.80)	1.48	(1.48)	4.64
DIVE	0.63	(0.01)	(0.01)	0.03	0.79	(0.68)	1.37	(1.55)	3.57
WEBAX	0.31	0.02	(0.01)	0.08	0.36	(0.34)	0.53	(0.63)	2.21
CASAX	0.73	0.07	0.05	0.11	0.94	(0.71)	1.38	(1.70)	3.95
GVALX	0.71	0.31	0.46	0.55	0.00	(0.91)	1.46	(1.11)	13.18
RWGFX	0.77	0.23	0.24	0.51	0.39	(1.13)	1.44	(1.41)	16.71
SAOIX	0.36	0.15	0.26	0.93	0.00	(0.44)	1.00	(0.63)	2.36
RYCIX	0.92	0.40	0.45	(1.95)	0.05	(1.15)	1.55	(1.10)	19.29
TGPNX	0.22	0.01	(0.06)	0.08	0.19	(0.26)	0.50	(0.50)	1.25

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Snow Capital Correlations

Snow Capital Correlation With Market

Almost no diversification

Moving together with Snow Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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