Innealta Capital Correlations

Mutual Funds . USA . 
Fund . Innealta Capital Sector
SROAX Fund  USD 12.70  0.08  0.63%   
The current 90-days correlation between Innealta Capital Sector and Calamos Antetokounmpo Sustainable is 0.15 (i.e., Average diversification). The correlation of Innealta Capital 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.

Innealta Capital Correlation With Market

Poor diversification

The correlation between Innealta Capital Sector and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innealta Capital Sector 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 Innealta Capital Sector. 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 Innealta Mutual Fund

  0.84SROIX Calamos AntetokounmpoPairCorr
  0.85SROCX Calamos AntetokounmpoPairCorr
  1.0SRORX Calamos AntetokounmpoPairCorr
  0.74CVAIX Calamos OpportunisticPairCorr
  0.71CVACX Calamos OpportunisticPairCorr
  0.74CVAAX Calamos OpportunisticPairCorr
  0.66CVGRX Calamos GrowthPairCorr
  0.63CVGCX Calamos GrowthPairCorr
  0.64CVLOX Calamos Global GrowthPairCorr
  0.63CVLCX Calamos Global GrowthPairCorr
  0.75CVTCX Calamos Growth IncomePairCorr
  0.75CVTRX Calamos Growth IncomePairCorr
  0.66CXGCX Calamos Global VertiblePairCorr
  0.68CGCIX Calamos Global GrowthPairCorr
  0.72CGEOX Calamos Global EquityPairCorr
  0.75CGIOX Calamos Growth AndPairCorr
  0.75CGIIX Calamos Growth IncomePairCorr
  0.72CGRIX Calamos GrowthPairCorr
  0.73CIDVX Calamos Dividend GrowthPairCorr
  0.66CICVX Calamos ConvertiblePairCorr
  0.64CIGRX Calamos InternationalPairCorr
  0.65CIGOX Calamos InternationalPairCorr
  0.72CIGEX Calamos Global EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Innealta Mutual Fund performing well and Innealta Capital 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 Innealta Capital'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
SROIX  0.52 (0.02) 0.00 (0.07) 0.00 
 0.00 
 1.02 
(1.25)
 3.81 
SROAX  0.52 (0.02) 0.00 (0.05) 0.00 
 0.00 
 1.03 
(1.25)
 3.89 
SROCX  0.52 (0.02) 0.00 (0.09) 0.00 
 0.00 
 1.04 
(1.26)
 3.93 
SRORX  0.52 (0.02) 0.00 (0.05) 0.00 
 0.00 
 1.04 
(1.25)
 3.96 
CVAIX  0.70 (0.07) 0.00 (0.52) 0.00 
 0.00 
 1.12 
(1.67)
 8.48 
CVACX  0.74 (0.10) 0.00 (1.09) 0.00 
 0.00 
 1.12 
(1.71)
 10.44 
CVAAX  0.71 (0.08) 0.00 (0.58) 0.00 
 0.00 
 1.13 
(1.70)
 8.80 
CVGRX  0.89 (0.02) 0.00 (0.11) 0.00 
 0.00 
 1.62 
(2.15)
 8.00 
CVGCX  1.10 (0.19) 0.00  3.56  0.00 
 0.00 
 1.63 
(2.21)
 19.03 
CVLOX  0.58 (0.13) 0.00  6.75  0.00 
 0.00 
 0.91 
(1.22)
 7.46 

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