Strategic Enhanced Correlations

AAENX Fund

USD 8.91 0.01 0.11%

The current 90-days correlation between Strategic Enhanced Yield and Old Westbury Fixed is 0.84 (i.e., Very poor 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

Good diversification

The correlation between Strategic Enhanced Yield and DJI is -0.04 (i.e., Good 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 various price indices.

Moving together with Strategic Mutual Fund

0.99	DOXIX	Dodge Cox Income	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.98	PTRRX	Total Return	Pair Corr
0.98	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.76	FTCAX	Templeton Strained Bond	Pair Corr
0.85	GPICX	Guidepath Conservative	Pair Corr
0.92	FPXIX	Fidelity Advisor 529	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.74	IBM	International Business	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr

Moving against Strategic Mutual Fund

0.75	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.74	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.47	PDI	Pimco Dynamic Income	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.56	BA	Boeing	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.48	HD	Home Depot	Pair Corr
0.33	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	OWFIX	TIMTX	VBIPX	AAEZX	TBGAX	JAFLX	XMHFX
OWFIX		0.84	0.87	0.8	0.84	0.97	0.8	OWFIX
TIMTX	0.84		0.87	0.93	1.0	0.91	0.92	TIMTX
VBIPX	0.87	0.87		0.81	0.86	0.86	0.72	VBIPX
AAEZX	0.8	0.93	0.81		0.93	0.87	0.81	AAEZX
TBGAX	0.84	1.0	0.86	0.93		0.92	0.94	TBGAX
JAFLX	0.97	0.91	0.86	0.87	0.92		0.89	JAFLX
XMHFX	0.8	0.92	0.72	0.81	0.94	0.89		XMHFX
	OWFIX	TIMTX	VBIPX	AAEZX	TBGAX	JAFLX	XMHFX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWFIX	0.13	0.01	(0.03)	(6.04)	(0.18)	0.29	(0.20)	0.68
TIMTX	0.10	0.05	0.23	(8.60)	(0.17)	0.29	(0.09)	0.67
VBIPX	0.09	0.01	(0.08)	(2.34)	(0.15)	0.20	(0.10)	0.59
AAEZX	0.18	0.02	0.03	0.17	(0.27)	0.39	(0.38)	1.07
TBGAX	0.13	0.06	0.30	22.42	(0.20)	0.38	(0.18)	0.95
JAFLX	0.15	0.02	0.02	1.96	(0.20)	0.30	(0.20)	0.99
XMHFX	0.15	0.03	0.04	1.47	(0.22)	0.29	(0.15)	1.45

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