Strategic Enhanced Correlations

AAENX Fund

USD 8.68 0.01 0.12%

The current 90-days correlation between Strategic Enhanced Yield and Bond Fund Investor is 0.92 (i.e., Almost no diversification). The correlation of Strategic Enhanced 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.

Strategic Enhanced Correlation With Market

Modest diversification

The correlation between Strategic Enhanced Yield and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Enhanced Yield and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Enhanced Yield. 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 board of governors.

Moving together with Strategic Mutual Fund

0.94	APBDX	Bond Fund Investor	Pair Corr
1.0	APENX	Strategic Enhanced Yield	Pair Corr
0.75	APLIX	Cavanal Hill Hedged	Pair Corr
0.94	APSTX	Limited Duration	Pair Corr
0.74	APUSX	Cavanal Hill Ultra	Pair Corr
0.73	APWEX	World Energy	Pair Corr
0.95	AABOX	Bond Fund Class	Pair Corr
0.75	AALIX	Astonherndon Large Cap	Pair Corr
0.94	AASTX	Limited Duration	Pair Corr
0.75	AAUSX	Cavanal Hill Ultra	Pair Corr
0.72	AAWEX	World Energy	Pair Corr
0.72	ACWEX	World Energy	Pair Corr
0.95	AIBNX	Bond Fund Institutional	Pair Corr
1.0	AIENX	Strategic Enhanced Yield	Pair Corr
0.75	AILIX	Cavanal Hill Hedged	Pair Corr
0.94	AISTX	Limited Duration	Pair Corr
0.82	AIUSX	Cavanal Hillultra Short	Pair Corr
0.73	AIWEX	World Energy	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.98	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.98	PTRRX	Total Return	Pair Corr
0.98	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.98	MWTIX	Metropolitan West Total	Pair Corr
0.98	MWTRX	Metropolitan West Total	Pair Corr
0.75	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.74	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.75	TTEEX	T Rowe Price	Pair Corr
0.75	TREMX	T Rowe Price	Pair Corr
0.75	FIKGX	Fidelity Advisor Sem	Pair Corr
0.75	ONERX	One Rock Fund Steady Growth	Pair Corr
0.75	FELCX	Fidelity Advisor Sem	Pair Corr
0.75	FELIX	Fidelity Advisor Sem	Pair Corr
0.75	FSELX	Fidelity Select Semi	Pair Corr
0.75	FELAX	Fidelity Advisor Sem	Pair Corr
0.72	GVALX	Gotham Large Value	Pair Corr

Related Correlations Analysis

	APBDX	APENX	APLIX	APUSX	APWEX	AABOX	AAENX	AALIX	AASTX	AAUSX
APBDX		0.94	0.51	0.51	0.5	1.0	0.94	0.51	0.83	0.51	APBDX
APENX	0.94		0.75	0.74	0.72	0.95	1.0	0.75	0.94	0.74	APENX
APLIX	0.51	0.75		0.96	0.96	0.54	0.75	1.0	0.86	0.96	APLIX
APUSX	0.51	0.74	0.96		0.92	0.53	0.74	0.96	0.86	1.0	APUSX
APWEX	0.5	0.72	0.96	0.92		0.52	0.73	0.96	0.84	0.92	APWEX
AABOX	1.0	0.95	0.54	0.53	0.52		0.95	0.54	0.84	0.53	AABOX
AAENX	0.94	1.0	0.75	0.74	0.73	0.95		0.75	0.94	0.75	AAENX
AALIX	0.51	0.75	1.0	0.96	0.96	0.54	0.75		0.86	0.96	AALIX
AASTX	0.83	0.94	0.86	0.86	0.84	0.84	0.94	0.86		0.87	AASTX
AAUSX	0.51	0.74	0.96	1.0	0.92	0.53	0.75	0.96	0.87		AAUSX
	APBDX	APENX	APLIX	APUSX	APWEX	AABOX	AAENX	AALIX	AASTX	AAUSX

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Enhanced 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 Strategic Enhanced'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
APBDX	0.25	(0.01)	(0.36)	0.04	0.30	(0.27)	0.48	(0.59)	1.20
APENX	0.23	0.01	(0.33)	0.19	0.22	(0.26)	0.46	(0.46)	1.16
APLIX	0.52	0.11	0.10	0.29	0.33	(0.59)	1.57	(0.93)	4.17
APUSX	0.03	0.00	0.00	1.96	0.00	0.00	0.10	0.00	0.30
APWEX	0.86	0.30	0.19	0.78	0.76	(0.99)	2.09	(1.46)	4.52
AABOX	0.24	(0.01)	(0.36)	0.04	0.27	(0.27)	0.48	(0.47)	1.20
AAENX	0.22	0.01	(0.39)	0.23	0.18	(0.27)	0.47	(0.46)	1.17
AALIX	0.51	0.11	0.09	0.29	0.36	(0.59)	1.57	(0.93)	4.17
AASTX	0.13	0.01	(0.58)	0.41	0.06	(0.16)	0.22	(0.22)	0.97
AAUSX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.40

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Strategic Enhanced Correlations

Strategic Enhanced Correlation With Market

Modest diversification

Moving together with Strategic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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