Stralem Equity Correlations

STRAX Fund

USD 32.30 0.09 0.28%

The current 90-days correlation between Stralem Equity and Teachers Insurance And is -0.1 (i.e., Good diversification). The correlation of Stralem Equity 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.

Stralem Equity Correlation With Market

Almost no diversification

The correlation between Stralem Equity 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 Stralem Equity 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 Stralem Equity 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 Stralem Mutual Fund

0.83	BAEIX	Sterling Capital Equity	Pair Corr
0.97	STRSX	Sterling Capital Special	Pair Corr
0.98	STSCX	Sterling Capital Stratton	Pair Corr
0.98	STSOX	Sterling Capital Stratton	Pair Corr
0.98	STSNX	Sterling Capital Stratton	Pair Corr
0.84	STREX	Sterling Capital Equity	Pair Corr
0.98	STRGX	Sterling Capital Stratton	Pair Corr
0.96	STRBX	Sterling Capital Beh	Pair Corr
0.98	STRNX	Sterling Capital Stratton	Pair Corr
0.84	STRMX	Sterling Capital Mid	Pair Corr
0.98	STRLX	Sterling Capital Stratton	Pair Corr
1.0	BBISX	Sterling Capital Beh	Pair Corr
0.98	SCSIX	Sentinel Multi Asset	Pair Corr
1.0	BBTGX	Sterling Capital Beh	Pair Corr

Moving against Stralem Mutual Fund

0.71	STRFX	Wells Fargo Large	Pair Corr
0.64	SBIDX	Sterling Capital Beh	Pair Corr
0.63	SBIIX	Sterling Capital Beh	Pair Corr
0.61	SBIAX	Sterling Capital Beh	Pair Corr
0.56	BSCCX	Sterling Capital South	Pair Corr
0.5	BSCIX	Sterling Capital South	Pair Corr
0.45	BASCX	Sterling Capital South	Pair Corr
0.78	BBGVX	Sterling Capital Int	Pair Corr
0.75	STRDX	Sterling Capital Total	Pair Corr
0.72	SCCMX	Sterling Capital Porate	Pair Corr
0.72	SCCPX	Sterling Capital Porate	Pair Corr
0.71	SCCNX	Sterling Capital Porate	Pair Corr
0.63	STRCX	Sterling Capital Beh	Pair Corr
0.59	BBNCX	Sterling Capital North	Pair Corr
0.54	BBNTX	Sterling Capital North	Pair Corr
0.79	SCSSX	Sterling Capital Sec	Pair Corr
0.79	SCSTX	Sterling Capital Sec	Pair Corr
0.78	SCSPX	Sterling Capital Sec	Pair Corr
0.6	BVACX	Sterling Capital Virginia	Pair Corr
0.57	BVAAX	Sterling Capital Virginia	Pair Corr
0.51	BVATX	Sterling Capital Virginia	Pair Corr

Related Correlations Analysis

	QREARX	PHRAX	MURSX	ACIWX	MSULX	FHETX	FORFX	TIRRX
QREARX		0.12	0.4	-0.31	0.39	-0.23	0.66	-0.49	QREARX
PHRAX	0.12		0.61	0.88	0.61	0.89	0.44	0.66	PHRAX
MURSX	0.4	0.61		0.42	1.0	0.32	0.76	0.01	MURSX
ACIWX	-0.31	0.88	0.42		0.43	0.94	0.08	0.86	ACIWX
MSULX	0.39	0.61	1.0	0.43		0.33	0.75	0.03	MSULX
FHETX	-0.23	0.89	0.32	0.94	0.33		0.06	0.9	FHETX
FORFX	0.66	0.44	0.76	0.08	0.75	0.06		-0.35	FORFX
TIRRX	-0.49	0.66	0.01	0.86	0.03	0.9	-0.35		TIRRX
	QREARX	PHRAX	MURSX	ACIWX	MSULX	FHETX	FORFX	TIRRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MSULX	+ 1.0	MURSX
FHETX	+ 0.94	ACIWX
TIRRX	+ 0.9	FHETX
FHETX	+ 0.89	PHRAX
ACIWX	+ 0.88	PHRAX
TIRRX	+ 0.86	ACIWX

High negative correlations

TIRRX	- 0.49	QREARX
TIRRX	- 0.35	FORFX
ACIWX	- 0.31	QREARX
FHETX	- 0.23	QREARX

Risk-Adjusted Indicators

There is a big difference between Stralem Mutual Fund performing well and Stralem Equity 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 Stralem Equity'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
QREARX	0.05	0.00	(1.13)	0.35	0.07	(0.04)	0.08	(0.11)	0.73
PHRAX	0.67	0.07	(0.04)	0.55	0.72	(0.77)	1.23	(1.27)	3.61
MURSX	0.45	0.08	(0.05)	(6.04)	0.35	(0.74)	1.28	(0.80)	3.61
ACIWX	0.60	0.03	(0.08)	0.25	0.73	(0.63)	1.28	(1.42)	3.13
MSULX	0.46	0.08	(0.06)	(6.88)	0.36	(0.77)	1.15	(0.85)	3.61
FHETX	0.66	0.06	(0.06)	0.66	0.72	(0.68)	1.39	(1.19)	3.54
FORFX	0.05	0.04	0.00	6.77	0.00	0.00	0.11	0.00	0.21
TIRRX	0.70	0.02	(0.09)	0.24	0.85	(0.72)	1.33	(1.31)	3.78

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