Easterly Snow Correlations

SNWRX Fund

USD 63.32 0.29 0.46%

The current 90-days correlation between Easterly Snow Small and Victory Incore Investment is 0.61 (i.e., Poor diversification). The correlation of Easterly Snow 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.

Easterly Snow Correlation With Market

Average diversification

The correlation between Easterly Snow Small and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Easterly Snow 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 Easterly Snow 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 metropolitan statistical area.

Moving together with Easterly Mutual Fund

0.83	SNORX	Easterly Snow Longshort	Pair Corr
0.91	VSIIX	Vanguard Small Cap	Pair Corr
0.91	VISVX	Vanguard Small Cap	Pair Corr
0.89	DFSVX	Us Small Cap	Pair Corr
0.87	DFFVX	Us Targeted Value	Pair Corr
0.88	UBVCX	Undiscovered Managers	Pair Corr
0.89	UBVAX	Undiscovered Managers	Pair Corr
0.89	UBVSX	Undiscovered Managers	Pair Corr
0.88	AVFIX	American Beacon Small	Pair Corr
0.81	CNSDX	Invesco Vertible Sec	Pair Corr
0.62	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.7	HUDEX	Huber Capital Diversified	Pair Corr
0.8	FCSGX	Franklin Small Cap	Pair Corr
0.72	KSCYX	Kinetics Small Cap	Pair Corr

Moving against Easterly Mutual Fund

0.36	DFTPX	Dfa Target Value	Pair Corr
0.36	DFTVX	Dfa Inv Dimensions	Pair Corr
0.9	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	VICIX	XAVKX	MCINX	VAADX	GCV	FCVSX
VICIX		0.68	0.92	0.44	0.26	0.79	VICIX
XAVKX	0.68		0.83	0.68	0.56	0.75	XAVKX
MCINX	0.92	0.83		0.51	0.36	0.78	MCINX
VAADX	0.44	0.68	0.51		0.92	0.82	VAADX
GCV	0.26	0.56	0.36	0.92		0.67	GCV
FCVSX	0.79	0.75	0.78	0.82	0.67		FCVSX
	VICIX	XAVKX	MCINX	VAADX	GCV	FCVSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Easterly Mutual Fund performing well and Easterly Snow 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 Easterly Snow'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
VICIX	0.28	(0.01)	0.00	(0.70)	0.00	0.00	0.67	(0.54)	2.57
XAVKX	0.52	(0.04)	0.00	(0.29)	0.00	0.00	0.90	(1.13)	3.58
MCINX	0.38	(0.03)	0.00	(0.11)	0.00	0.00	0.70	(0.64)	2.95
VAADX	0.58	0.07	0.07	0.84	0.65	(0.66)	1.19	(0.97)	4.02
GCV	0.96	0.09	0.06	0.21	1.21	(0.97)	1.89	(1.55)	5.96
FCVSX	0.64	0.00	(0.01)	0.05	0.98	(0.68)	1.30	(1.05)	5.54

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