Spectrum Low Correlations

SVARX Fund

USD 23.95 0.03 0.13%

The current 90-days correlation between Spectrum Low Volatility and Guggenheim High Yield is -0.03 (i.e., Good diversification). The correlation of Spectrum Low 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.

Spectrum Low Correlation With Market

Very poor diversification

The correlation between Spectrum Low Volatility and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Low Volatility 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 Spectrum Low Volatility. 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 inflation.

Moving together with Spectrum Mutual Fund

0.75	SAPEX	Spectrum Advisors	Pair Corr
0.96	OTRFX	Ontrack E Fund	Pair Corr
0.7	OTRGX	Ontrack E Fund	Pair Corr
0.98	SUNBX	Spectrum Unconstrained	Pair Corr
0.94	QALAX	Quantified Alternative	Pair Corr
0.94	QALTX	Quantified Alternative	Pair Corr
0.94	QSPMX	Quantified Pattern	Pair Corr
0.85	QSTAX	Quantified Stf	Pair Corr
0.81	QBDAX	Quantified Managed Income	Pair Corr
0.8	QBDSX	Quantified Managed Income	Pair Corr
0.88	QCGDX	Quantified Common Ground	Pair Corr
0.88	QCGAX	Quantified Common Ground	Pair Corr
0.94	QEVOX	Quantified Evolution Plus	Pair Corr
0.91	QGBLX	Quantified Global	Pair Corr
0.91	QGLDX	Gold Bullion	Pair Corr
0.91	QGLCX	Gold Bullion	Pair Corr
0.94	KAMAX	Kensington Managed Income	Pair Corr
0.94	KAMCX	Kensington Managed Income	Pair Corr
0.96	KAMIX	Kensington Managed Income	Pair Corr
0.95	BSICX	Blackrock Strategic Opps	Pair Corr
0.96	BASIX	Blackrock Strategic Opps	Pair Corr
0.96	BSIIX	Blackrock Strategic	Pair Corr
0.97	BSIKX	Blackrock Strategic	Pair Corr
0.96	JSORX	Jpmorgan Strategic Income	Pair Corr
0.91	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.9	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.91	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.95	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.95	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.92	KF	Korea Closed	Pair Corr
0.88	FKRCX	Franklin Gold Precious	Pair Corr
0.94	RSNRX	Victory Global Natural	Pair Corr

Moving against Spectrum Mutual Fund

0.79

QFITX

Quantified Tactical Fixed

Pair Corr

Related Correlations Analysis

	FLDOX	ATESX	NWKEX	NWGPX	FLC	TBCUX	HOOSX	SCURX	SCUIX	SIHPX
FLDOX		-0.52	0.92	0.91	0.76	0.98	0.97	0.91	0.97	0.89	FLDOX
ATESX	-0.52		-0.57	-0.57	-0.17	-0.59	-0.64	-0.51	-0.64	-0.48	ATESX
NWKEX	0.92	-0.57		1.0	0.71	0.9	0.9	0.8	0.9	0.83	NWKEX
NWGPX	0.91	-0.57	1.0		0.71	0.9	0.9	0.79	0.9	0.83	NWGPX
FLC	0.76	-0.17	0.71	0.71		0.77	0.65	0.69	0.65	0.73	FLC
TBCUX	0.98	-0.59	0.9	0.9	0.77		0.97	0.88	0.97	0.86	TBCUX
HOOSX	0.97	-0.64	0.9	0.9	0.65	0.97		0.89	1.0	0.86	HOOSX
SCURX	0.91	-0.51	0.8	0.79	0.69	0.88	0.89		0.89	0.89	SCURX
SCUIX	0.97	-0.64	0.9	0.9	0.65	0.97	1.0	0.89		0.86	SCUIX
SIHPX	0.89	-0.48	0.83	0.83	0.73	0.86	0.86	0.89	0.86		SIHPX
	FLDOX	ATESX	NWKEX	NWGPX	FLC	TBCUX	HOOSX	SCURX	SCUIX	SIHPX

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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

NWGPX	+ 1.0	NWKEX
SCUIX	+ 1.0	HOOSX
TBCUX	+ 0.98	FLDOX
HOOSX	+ 0.97	FLDOX
SCUIX	+ 0.97	FLDOX
HOOSX	+ 0.97	TBCUX

High negative correlations

SCUIX	- 0.64	ATESX
HOOSX	- 0.64	ATESX
TBCUX	- 0.59	ATESX
NWGPX	- 0.57	ATESX
NWKEX	- 0.57	ATESX
ATESX	- 0.52	FLDOX

Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Low 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 Spectrum Low'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
FLDOX	0.35	0.03	0.02	0.10	0.32	(0.42)	0.72	(0.64)	3.26
ATESX	0.52	(0.14)	0.00	(0.21)	0.00	0.00	0.72	(1.61)	2.87
NWKEX	1.53	0.45	0.47	0.38	0.45	(2.27)	2.34	(1.64)	36.28
NWGPX	1.64	0.52	0.53	0.43	0.36	(2.54)	2.35	(1.68)	41.25
FLC	0.33	0.04	0.00	0.44	0.32	(0.34)	0.63	(0.69)	1.62
TBCUX	0.60	0.20	0.32	0.31	0.05	(0.75)	1.24	(1.06)	8.54
HOOSX	1.05	0.29	0.33	0.22	0.46	(1.23)	2.31	(1.76)	18.08
SCURX	0.77	0.09	0.09	0.12	0.76	(0.80)	1.96	(1.76)	5.07
SCUIX	1.04	0.29	0.32	0.21	0.49	(1.22)	2.33	(1.76)	17.73
SIHPX	0.11	0.01	(0.23)	(3.49)	0.00	(0.19)	0.20	(0.20)	0.91

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