Stringer Growth Correlations

SRGIX Fund

USD 10.66 0.00 0.00%

The current 90-days correlation between Stringer Growth and Franklin California High is 0.1 (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

Very weak diversification

The correlation between Stringer Growth Fund and DJI is 0.52 (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 gross domestic product.

Moving together with STRINGER Mutual Fund

1.0	SRGAX	Stringer Growth	Pair Corr
1.0	SRGCX	Stringer Growth	Pair Corr
0.9	PAALX	All Asset Fund	Pair Corr
0.9	PATRX	Pimco All Asset	Pair Corr
0.9	PAAIX	All Asset Fund	Pair Corr
0.9	PALPX	Pimco All Asset	Pair Corr
0.91	PASAX	All Asset Fund	Pair Corr
0.9	PASCX	All Asset Fund	Pair Corr
0.9	PAANX	Pimco All Asset	Pair Corr
0.9	PAUPX	Pimco All Asset	Pair Corr
0.9	PAUIX	Pimco All Asset	Pair Corr
0.82	WARRX	Wells Fargo Advantage	Pair Corr
0.71	PMPIX	Precious Metals Ultr	Pair Corr
0.71	PMPSX	Precious Metals Ultr	Pair Corr
0.72	FGADX	Franklin Gold Precious	Pair Corr
0.76	EKWYX	Wells Fargo Advantage	Pair Corr
0.77	INIVX	International Investors	Pair Corr
0.71	FRGOX	Franklin Gold Precious	Pair Corr
0.76	EKWAX	Wells Fargo Advantage	Pair Corr
0.77	INIYX	International Investors	Pair Corr
0.8	CLDBX	Compass Capital Low	Pair Corr
0.66	SWGRX	Schwab Target 2015	Pair Corr
0.89	FKTNX	Franklin Michigan Tax	Pair Corr
0.78	PQTNX	Pimco Trends Managed	Pair Corr
0.66	TOCQX	Tocqueville Fund	Pair Corr
0.78	RISSX	Rbc International Small	Pair Corr
0.64	PRITX	T Rowe Price	Pair Corr
0.69	VSSPX	Voya Solution 2060	Pair Corr
0.95	DRLYX	Dreyfus Global Real	Pair Corr
0.9	PAREX	T Rowe Price	Pair Corr
0.85	UVABX	Virginia Bond	Pair Corr
0.85	WSINX	Wells Fargo Strategic	Pair Corr

Related Correlations Analysis

	SRGIX	CAEIX	FGKPX	PLMTX	AACTX	ASQIX	THOFX	FCAHX
SRGIX		0.84	0.72	0.64	0.83	0.6	0.77	0.88	SRGIX
CAEIX	0.84		0.89	0.86	0.97	0.82	0.94	0.91	CAEIX
FGKPX	0.72	0.89		0.93	0.91	0.86	0.92	0.83	FGKPX
PLMTX	0.64	0.86	0.93		0.92	0.9	0.91	0.8	PLMTX
AACTX	0.83	0.97	0.91	0.92		0.88	0.96	0.93	AACTX
ASQIX	0.6	0.82	0.86	0.9	0.88		0.88	0.76	ASQIX
THOFX	0.77	0.94	0.92	0.91	0.96	0.88		0.9	THOFX
FCAHX	0.88	0.91	0.83	0.8	0.93	0.76	0.9		FCAHX
	SRGIX	CAEIX	FGKPX	PLMTX	AACTX	ASQIX	THOFX	FCAHX

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
SRGIX	1.23	0.68	0.96	26.65	0.00	(2.17)	0.84	(0.65)	35.97
CAEIX	0.72	0.09	0.07	0.14	0.99	(0.75)	1.54	(1.58)	6.64
FGKPX	0.42	0.06	0.05	0.39	0.52	(0.48)	0.82	(0.70)	5.84
PLMTX	0.44	0.05	0.06	0.12	0.44	(0.52)	0.81	(0.83)	4.24
AACTX	0.23	0.02	0.00	0.10	0.26	(0.25)	0.49	(0.64)	1.80
ASQIX	0.77	0.06	0.06	0.09	0.84	(0.81)	1.57	(1.67)	5.23
THOFX	0.51	0.16	0.17	(1.46)	0.50	(0.56)	1.17	(0.96)	3.26
FCAHX	0.09	0.01	(0.09)	(1.15)	0.00	(0.14)	0.20	(0.30)	0.72

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Stringer Growth Correlations

Stringer Growth Correlation With Market

Very weak diversification

Moving together with STRINGER Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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