Spirit Of Correlations

Mutual Funds . USA . 
Fund . Spirit Of America
SOAIX Fund  USD 10.46  0.03  0.29%   
The current 90-days correlation between Spirit Of America and Eagle Mlp Strategy is 0.05 (i.e., Significant diversification). The correlation of Spirit Of 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.

Spirit Of Correlation With Market

Good diversification

The correlation between Spirit Of America and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Of America 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 Spirit Of America. 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 Spirit Mutual Fund

  0.74SACFX Spirit Of AmericaPairCorr
  0.99SACTX Spirit Of AmericaPairCorr
  0.66SOAMX Spirit Of AmericaPairCorr
  1.0SOITX Spirit Of AmericaPairCorr
  0.66SOIMX Spirit Of AmericaPairCorr
  0.74VWETX Vanguard Long TermPairCorr
  0.74VWESX Vanguard Long TermPairCorr
  0.68VBLAX Vanguard Long TermPairCorr
  0.68VBLLX Vanguard Long TermPairCorr
  0.68VBLIX Vanguard Long TermPairCorr
  0.75SLDAX Siit Long DurationPairCorr
  0.78VLTCX Vanguard Long TermPairCorr
  0.78VLCIX Vanguard Long TermPairCorr
  0.69PLRIX Pimco Long TermPairCorr
  0.69PLRPX Pimco Long DurationPairCorr
  0.61NHS Neuberger Berman HighPairCorr

Moving against Spirit Mutual Fund

  0.38TLCYX Touchstone Large CapPairCorr
  0.32SOAEX Spirit Of AmericaPairCorr
  0.31SACEX Spirit Of AmericaPairCorr
  0.31SAIEX Spirit Of AmericaPairCorr
  0.51FCWRX Templeton China WorldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
REMVX
+ 0.98
EMSLX
REMVX
+ 0.98
EPASX
EPASX
+ 0.97
PCEMX
EMSLX
+ 0.96
PCEMX
EPASX
+ 0.96
EMSLX
REMVX
+ 0.95
PCEMX
  
High negative correlations   
CMERX
- 0.7
EGLNX
APDOX
- 0.32
CMERX
REMVX
- 0.21
EGLNX
EPASX
- 0.14
EGLNX
EMSLX
- 0.12
EGLNX

Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY