Stralem Equity Correlations

Mutual Funds . USA . 
Fund . Stralem Equity Fund
STRAX Fund  USD 31.92  0.18  0.56%   
The current 90-days correlation between Stralem Equity and Small Pany Growth is 0.61 (i.e., Poor 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

Very weak diversification

The correlation between Stralem Equity Fund and DJI is 0.45 (i.e., Very weak 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

  0.61BSCCX Sterling Capital SouthPairCorr
  0.67STMMX Sterling Capital StrattonPairCorr
  0.65STSCX Sterling Capital StrattonPairCorr
  0.67STRBX Sterling Capital BehPairCorr
  0.66STRMX Sterling Capital MidPairCorr
  1.0BBISX Sterling Capital BehPairCorr
  0.74BBTGX Sterling Capital BehPairCorr
  0.66OVEIX Sterling Capital MidPairCorr

Moving against Stralem Mutual Fund

  0.31SBIAX Sterling Capital BehPairCorr
  0.31STRCX Sterling Capital BehPairCorr

Related Correlations Analysis

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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   
TVOYX
+ 0.95
QLMSIX
TVOYX
+ 0.92
RYSVX
RYSVX
+ 0.84
QLMSIX
RYSVX
+ 0.81
ASCGX
TVOYX
+ 0.74
ASCGX
NESGX
+ 0.73
ASCGX
  
High negative correlations   
QLMSIX
- 0.15
MSSGX
TVOYX
- 0.1
MSSGX

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.

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