Spirit Of Correlations
| SOAUX Fund | 21.81 0.06 0.28% |
The current 90-days correlation between Spirit Of America and Health Biotchnology Portfolio is 0.09 (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
Average diversification
The correlation between Spirit Of America and DJI is 0.19 (i.e., Average 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.
Spirit |
Moving together with Spirit Mutual Fund
| 0.63 | D | Dominion Energy | PairCorr |
| 0.74 | AY | Atlantica Sustainable | PairCorr |
| 0.77 | NI | NiSource | PairCorr |
| 0.63 | SO | Southern | PairCorr |
| 0.63 | CMS-PB | Consumers Energy | PairCorr |
| 0.67 | EVRG | Evergy, | PairCorr |
| 0.87 | AEE | Ameren Corp Sell-off Trend | PairCorr |
| 0.67 | AGR | Avangrid | PairCorr |
| 0.78 | ALE | Allete Inc | PairCorr |
| 0.87 | ATO | Atmos Energy | PairCorr |
| 0.73 | AWR | American States Water | PairCorr |
| 0.67 | BEP | Brookfield Renewable | PairCorr |
| 0.87 | BIP | Brookfield Infrastructure | PairCorr |
| 0.68 | BKH | Black Hills | PairCorr |
| 0.83 | CEG | Constellation Energy Corp | PairCorr |
| 0.66 | CMS | CMS Energy | PairCorr |
| 0.91 | CNP | CenterPoint Energy | PairCorr |
| 0.68 | CPK | Chesapeake Utilities | PairCorr |
Moving against Spirit Mutual Fund
| 0.63 | HE | Hawaiian Electric | PairCorr |
| 0.58 | ELPC | Companhia Paranaense | PairCorr |
| 0.38 | RNWWW | ReNew Energy Global | PairCorr |
| 0.33 | AQN | Algonquin Power Utilities | PairCorr |
| 0.31 | ES | Eversource Energy | PairCorr |
| 0.74 | NFE | New Fortress Energy | PairCorr |
| 0.66 | EBR | Centrais Electricas | PairCorr |
| 0.62 | ELP | Companhia Paranaense | PairCorr |
| 0.45 | CWT | California Water Service | PairCorr |
| 0.42 | GNE | Genie Energy | PairCorr |
| 0.39 | CIG | Companhia Energetica | PairCorr |
Related Correlations Analysis
| 0.82 | 0.34 | 0.77 | 1.0 | 0.83 | 0.89 | SBHIX | ||
| 0.82 | 0.73 | 0.82 | 0.8 | 0.98 | 0.96 | SCHLX | ||
| 0.34 | 0.73 | 0.77 | 0.31 | 0.73 | 0.63 | THQ | ||
| 0.77 | 0.82 | 0.77 | 0.73 | 0.87 | 0.82 | FHCCX | ||
| 1.0 | 0.8 | 0.31 | 0.73 | 0.81 | 0.87 | LOGSX | ||
| 0.83 | 0.98 | 0.73 | 0.87 | 0.81 | 0.93 | HLHIX | ||
| 0.89 | 0.96 | 0.63 | 0.82 | 0.87 | 0.93 | PHLAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBHIX | 0.63 | (0.15) | 0.00 | (0.13) | 0.00 | 1.00 | 4.23 | |||
| SCHLX | 0.53 | (0.18) | 0.00 | (0.21) | 0.00 | 0.89 | 3.08 | |||
| THQ | 0.77 | (0.15) | 0.00 | (0.12) | 0.00 | 1.34 | 5.19 | |||
| FHCCX | 0.69 | (0.12) | 0.00 | (0.04) | 0.00 | 1.04 | 4.04 | |||
| LOGSX | 0.61 | (0.14) | 0.00 | (0.12) | 0.00 | 1.02 | 3.97 | |||
| HLHIX | 0.61 | (0.19) | 0.00 | (0.16) | 0.00 | 0.92 | 3.35 | |||
| PHLAX | 0.63 | (0.18) | 0.00 | (0.17) | 0.00 | 0.95 | 5.07 |