Spirit Of Correlations

SOIMX Fund  USD 8.60  0.01  0.12%   
The current 90-days correlation between Spirit Of America and Spirit Of America is -0.1 (i.e., Good 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

Very good diversification

The correlation between Spirit Of America and DJI is -0.31 (i.e., Very 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 population.

Moving together with Spirit Mutual Fund

  0.96SACFX Spirit Of AmericaPairCorr
  0.71SACTX Spirit Of AmericaPairCorr
  0.99SOAMX Spirit Of AmericaPairCorr
  0.71SOAIX Spirit Of AmericaPairCorr
  0.72SOITX Spirit Of AmericaPairCorr
  0.93VWITX Vanguard Intermediate-terPairCorr
  0.94VWIUX Vanguard Intermediate-terPairCorr
  0.96AFTEX Tax Exempt BondPairCorr
  0.96AFTFX Tax Exempt BondPairCorr
  0.94TEBCX Tax Exempt BondPairCorr
  0.97TEAFX Tax Exempt BondPairCorr
  0.97TFEBX Tax Exempt BondPairCorr
  0.91FLTMX Fidelity IntermediatePairCorr
  0.93MDNLX Blackrock NationalPairCorr
  0.9MFNLX Blackrock Natl MuniPairCorr

Related Correlations Analysis

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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   
SOAEXSACEX
SOAAXSACRX
SOAIXSACTX
SAIEXSACEX
SOAEXSAIEX
SOAMXSACFX
  
High negative correlations   
SOAEXSACTX
SACVXSACTX
SAIEXSACTX
SACTXSACEX
SACVXSACFX
SOAIXSOAEX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SACEX  0.71  0.15  0.10  0.39  0.74 
 1.51 
 4.19 
SACFX  0.09  0.00 (0.44) 0.05  0.12 
 0.23 
 0.94 
SACRX  0.67  0.04 (0.07) 0.34  0.76 
 1.58 
 3.65 
SACTX  0.22  0.00 (0.35) 0.05  0.27 
 0.48 
 1.35 
SACVX  0.63  0.02  0.00  0.14  0.74 
 1.57 
 4.40 
SAIEX  0.72  0.16  0.06  0.98  0.81 
 1.46 
 4.35 
SOAEX  0.70  0.15  0.10  0.37  0.73 
 1.47 
 4.31 
SOAAX  0.68  0.04 (0.06) 0.37  0.76 
 1.54 
 3.68 
SOAMX  0.10  0.01 (0.40)(0.01) 0.12 
 0.23 
 0.93 
SOAIX  0.22  0.00 (0.34)(0.18) 0.28 
 0.39 
 1.44