Stringer Growth Correlations

SRGAX Fund

USD 12.77 0.08 0.63%

The current 90-days correlation between Stringer Growth and Wisdomtree Siegel Global is 0.29 (i.e., Modest diversification). The correlation of Stringer Growth 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.

Stringer Growth Correlation With Market

Very weak diversification

The correlation between Stringer Growth Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stringer Growth Fund 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 Stringer Growth Fund. 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 nation.

Moving together with Stringer Mutual Fund

1.0	SRGCX	Stringer Growth	Pair Corr
0.94	PAALX	All Asset Fund	Pair Corr
0.94	PATRX	Pimco All Asset	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.94	PALPX	Pimco All Asset	Pair Corr
0.94	PASAX	All Asset Fund	Pair Corr
0.93	PASCX	All Asset Fund	Pair Corr
0.94	PAANX	Pimco All Asset	Pair Corr
0.91	PAUPX	Pimco All Asset	Pair Corr
0.91	PAUIX	Pimco All Asset	Pair Corr
0.82	ABRIX	Invesco Balanced Risk	Pair Corr
0.63	MGGYX	Mirova Global Green	Pair Corr
0.63	MGGAX	Mirova Global Green	Pair Corr
0.73	BXECX	Barings Emerging Markets	Pair Corr
0.76	BXEIX	Barings Emerging Markets	Pair Corr
0.76	BXEAX	Barings Emerging Markets	Pair Corr
0.64	HLDIX	Hartford Emerging	Pair Corr
0.64	HLDRX	Hartford Emerging	Pair Corr
0.66	HLDAX	Hartford Emerging	Pair Corr
0.63	HLDCX	Hartford Emerging	Pair Corr
0.62	HLDTX	Hartford Emerging	Pair Corr
0.85	EVT	Eaton Vance Tax	Pair Corr
0.74	VOLJX	Abr 7525 Volatility	Pair Corr
0.92	DURPX	Us High Relative	Pair Corr
0.85	ARTNX	Artisan Select Equity	Pair Corr
0.62	LTMIX	Thornburg Limited Term	Pair Corr
0.91	GSWPX	Goldman Sachs Smallmid	Pair Corr
0.83	DFEOX	Us E Equity	Pair Corr
0.96	JQLBX	Multimanager Lifestyle	Pair Corr
0.84	USA	Liberty All Star	Pair Corr

Moving against Stringer Mutual Fund

0.67

DXKSX

Direxion Monthly 7

Pair Corr

Related Correlations Analysis

	EQTYX	ANAGX	RGELX	XAWFX	DHGCX	GMADX	DBIWX
EQTYX		0.67	0.87	0.88	0.62	0.63	0.75	EQTYX
ANAGX	0.67		0.71	0.84	0.89	0.42	0.59	ANAGX
RGELX	0.87	0.71		0.84	0.72	0.57	0.58	RGELX
XAWFX	0.88	0.84	0.84		0.77	0.54	0.72	XAWFX
DHGCX	0.62	0.89	0.72	0.77		0.47	0.44	DHGCX
GMADX	0.63	0.42	0.57	0.54	0.47		0.63	GMADX
DBIWX	0.75	0.59	0.58	0.72	0.44	0.63		DBIWX
	EQTYX	ANAGX	RGELX	XAWFX	DHGCX	GMADX	DBIWX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Stringer Mutual Fund performing well and Stringer Growth 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 Stringer Growth'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
EQTYX	0.43	0.00	(0.12)	0.04	0.61	(0.53)	1.04	(0.92)	4.10
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16
RGELX	0.58	0.03	(0.06)	(1.11)	0.93	(0.55)	1.33	(1.69)	4.33
XAWFX	0.12	0.00	(0.30)	(0.21)	0.17	(0.14)	0.18	(0.44)	0.88
DHGCX	0.15	(0.01)	(0.50)	(0.06)	0.14	(0.21)	0.36	(0.26)	0.94
GMADX	0.63	0.01	(0.04)	0.12	1.21	(0.64)	1.17	(1.28)	11.02
DBIWX	0.25	(0.01)	(0.21)	(0.69)	0.38	(0.25)	0.49	(0.69)	1.86

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