Standpoint Multi-asset Correlations

BLNDX Fund

USD 13.35 0.01 0.07%

The current 90-days correlation between Standpoint Multi Asset and Standpoint Multi Asset is 1.0 (i.e., No risk reduction). The correlation of Standpoint Multi-asset 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.

Standpoint Multi-asset Correlation With Market

Weak diversification

The correlation between Standpoint Multi Asset and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standpoint Multi Asset 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 Standpoint Multi Asset. 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 unemployment.

Moving together with Standpoint Mutual Fund

1.0	REMIX	Standpoint Multi Asset	Pair Corr
0.73	BXMYX	Blackstone Alternative	Pair Corr
0.74	BXMIX	Blackstone Alternative	Pair Corr
0.74	BXMDX	Blackstone Alternative	Pair Corr
0.8	GARTX	Goldman Sachs Absolute	Pair Corr
0.81	GCRTX	Goldman Sachs Absolute	Pair Corr
0.77	PDI	Pimco Dynamic Income	Pair Corr
0.62	FTCAX	Templeton Strained Bond	Pair Corr
0.77	FLRAX	Nuveen Large Cap	Pair Corr
0.79	QRDTX	Quantified Rising	Pair Corr
0.75	ARYVX	Global Real Estate	Pair Corr
0.61	ETSIX	Eaton Vance Short	Pair Corr
0.75	IYPCX	Ivy Emerging Markets	Pair Corr
0.78	VSMPX	Vanguard Total Stock	Pair Corr
0.84	PZINX	Pzena International Value	Pair Corr
0.82	TDFAX	Transamerica Dividend	Pair Corr
0.73	FZWXKX	Fzwxkx	Pair Corr
0.84	FVOKX	Oklahoma College Savings	Pair Corr
0.64	CZAMX	Active Portfolios Multi	Pair Corr
0.7	CODRX	Columbia Amt Free	Pair Corr
0.78	MLAIX	Mainstay Large Cap	Pair Corr
0.78	MAAQX	Morgan Stanley Insti	Pair Corr
0.77	MCTRX	Mainstay Income Builder	Pair Corr
0.78	0P0001N4II	Jpm Global Income	Pair Corr
0.69	CPRRX	Cohen Steers Preferred	Pair Corr
0.78	VTMFX	Vanguard Tax Managed	Pair Corr

Moving against Standpoint Mutual Fund

0.8	USPSX	Profunds Ultrashort	Pair Corr
0.66	TCTGX	Transamerica Cleartrack	Pair Corr
0.66	TDKTX	Cleartrack 2015 Class	Pair Corr
0.66	TCTJX	Transamerica Cleartrack	Pair Corr
0.61	TCSUX	Cleartrack 2020 Class	Pair Corr
0.82	UIPIX	Ultrashort Mid Cap	Pair Corr
0.8	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	REMIX	BLNDX	TRJMX	VEITX	FSBCX	JIPRX	PRRIX	IHICX	TRGIX	TIOVX
REMIX		1.0	0.8	0.82	0.77	0.66	0.53	0.67	0.78	0.82	REMIX
BLNDX	1.0		0.8	0.82	0.77	0.67	0.53	0.68	0.79	0.83	BLNDX
TRJMX	0.8	0.8		0.98	1.0	0.94	0.75	0.96	0.99	0.99	TRJMX
VEITX	0.82	0.82	0.98		0.97	0.93	0.73	0.94	0.95	0.99	VEITX
FSBCX	0.77	0.77	1.0	0.97		0.97	0.79	0.98	0.99	0.98	FSBCX
JIPRX	0.66	0.67	0.94	0.93	0.97		0.87	0.98	0.94	0.92	JIPRX
PRRIX	0.53	0.53	0.75	0.73	0.79	0.87		0.82	0.76	0.71	PRRIX
IHICX	0.67	0.68	0.96	0.94	0.98	0.98	0.82		0.95	0.94	IHICX
TRGIX	0.78	0.79	0.99	0.95	0.99	0.94	0.76	0.95		0.96	TRGIX
TIOVX	0.82	0.83	0.99	0.99	0.98	0.92	0.71	0.94	0.96		TIOVX
	REMIX	BLNDX	TRJMX	VEITX	FSBCX	JIPRX	PRRIX	IHICX	TRGIX	TIOVX

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Risk-Adjusted Indicators

There is a big difference between Standpoint Mutual Fund performing well and Standpoint Multi-asset 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 Standpoint Multi-asset'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
REMIX	0.45	0.04	(0.08)	0.28	0.51	(0.48)	0.95	(0.91)	3.22
BLNDX	0.44	0.04	(0.08)	0.29	0.51	(0.48)	1.00	(0.90)	3.28
TRJMX	0.50	0.09	0.07	0.26	0.38	(0.57)	1.55	(1.22)	3.66
VEITX	0.45	0.13	0.05	0.59	0.27	(0.52)	0.93	(0.90)	3.03
FSBCX	0.36	0.08	0.03	0.31	0.00	(0.42)	1.11	(0.69)	2.29
JIPRX	0.15	0.04	(0.42)	0.73	0.00	(0.20)	0.31	(0.20)	0.80
PRRIX	0.24	0.03	(0.27)	0.89	0.22	(0.27)	0.60	(0.59)	1.48
IHICX	0.20	0.09	(0.15)	1.23	0.00	(0.29)	0.51	(0.25)	1.03
TRGIX	0.67	0.11	0.11	0.25	0.58	(0.81)	1.95	(1.29)	4.58
TIOVX	0.59	0.11	0.08	0.32	0.42	(0.69)	1.66	(1.14)	4.01

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