Stringer Growth Correlations

SRGAX Fund

USD 12.93 0.06 0.47%

The current 90-days correlation between Stringer Growth and Loomis Sayles Inflation is 0.17 (i.e., Average 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

Almost no diversification

The correlation between Stringer Growth Fund and DJI is 0.9 (i.e., Almost no 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	SRGIX	Stringer Growth	Pair Corr
1.0	SRGCX	Stringer Growth	Pair Corr
0.8	RYVYX	Nasdaq 100 2x	Pair Corr
0.72	VIGAX	Vanguard Growth Index	Pair Corr
0.7	GRSPX	Greenspring Fund Retail	Pair Corr
0.78	VTSMX	Vanguard Total Stock	Pair Corr
0.87	FSHOX	Construction And Housing	Pair Corr
0.75	CSQ	Calamos Strategic Total	Pair Corr
0.84	VTMFX	Vanguard Tax Managed	Pair Corr
0.69	VSMVX	Vanguard Sp Small	Pair Corr
0.76	LLPFX	Longleaf Partners	Pair Corr
0.81	CMEUX	Six Circles Managed	Pair Corr
0.78	AGTHX	Growth Fund	Pair Corr
0.83	RWSIX	Redwood Systematic Macro	Pair Corr
0.72	RIV	Rivernorth Opportunities	Pair Corr
0.8	FCNTX	Fidelity Contrafund	Pair Corr
0.95	VTHRX	Vanguard Target Reti	Pair Corr
0.71	FEMDX	Franklin Emerging Market	Pair Corr

Related Correlations Analysis

	LIPNX	FIFGX	AUNTX	RYIFX	GPMFX	LIFAX	TIIHX	AUNYX
LIPNX		-0.07	0.0	0.56	0.8	0.22	0.98	0.0	LIPNX
FIFGX	-0.07		0.65	-0.43	-0.36	0.57	0.05	0.65	FIFGX
AUNTX	0.0	0.65		-0.5	-0.27	0.9	0.15	1.0	AUNTX
RYIFX	0.56	-0.43	-0.5		0.83	-0.41	0.46	-0.5	RYIFX
GPMFX	0.8	-0.36	-0.27	0.83		-0.08	0.74	-0.26	GPMFX
LIFAX	0.22	0.57	0.9	-0.41	-0.08		0.37	0.9	LIFAX
TIIHX	0.98	0.05	0.15	0.46	0.74	0.37		0.15	TIIHX
AUNYX	0.0	0.65	1.0	-0.5	-0.26	0.9	0.15		AUNYX
	LIPNX	FIFGX	AUNTX	RYIFX	GPMFX	LIFAX	TIIHX	AUNYX

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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

AUNYX	+ 1.0	AUNTX
TIIHX	+ 0.98	LIPNX
LIFAX	+ 0.9	AUNTX
AUNYX	+ 0.9	LIFAX
GPMFX	+ 0.83	RYIFX
GPMFX	+ 0.8	LIPNX

High negative correlations

AUNYX	- 0.5	RYIFX
RYIFX	- 0.5	AUNTX
RYIFX	- 0.43	FIFGX
LIFAX	- 0.41	RYIFX
GPMFX	- 0.36	FIFGX
GPMFX	- 0.27	AUNTX

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
LIPNX	0.21	(0.02)	0.00	(1.51)	0.00	0.00	0.41	(0.42)	1.44
FIFGX	0.94	0.05	(0.06)	41.90	1.17	(0.94)	1.73	(1.98)	4.96
AUNTX	0.12	0.01	(0.52)	1.04	0.00	(0.17)	0.28	(0.19)	1.03
RYIFX	0.47	(0.11)	0.00	(0.15)	0.00	0.00	0.99	(1.24)	2.58
GPMFX	0.40	(0.07)	0.00	(0.04)	0.00	0.00	0.75	(0.88)	2.31
LIFAX	0.13	0.00	(0.56)	0.20	0.04	(0.16)	0.26	(0.26)	0.95
TIIHX	0.15	(0.01)	0.00	(0.79)	0.00	0.00	0.28	(0.28)	1.03
AUNYX	0.12	0.01	(0.52)	0.44	0.00	(0.16)	0.28	(0.18)	1.02

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