Six Circles Correlations

Mutual Funds . USA . 
Fund . Six Circles International
CIUEX Fund  USD 12.95  0.05  0.38%   
The current 90-days correlation between Six Circles International and Shelton Emerging Markets is 0.41 (i.e., Very weak diversification). The correlation of Six Circles 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.

Six Circles Correlation With Market

Very weak diversification

The correlation between Six Circles International and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles International 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 Six Circles International. 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 income.

Moving together with Six Mutual Fund

  0.95CUSUX Six Circles UnconstrainedPairCorr
  1.0CMIUX Six Circles ManagedPairCorr
  0.76CBTAX Six Circles TaxPairCorr
  1.0VEUSX Vanguard European StockPairCorr
  1.0VESIX Vanguard European StockPairCorr
  0.72VEUPX Vanguard European StockPairCorr
  1.0VEURX Vanguard European StockPairCorr
  0.77AEDYX Invesco European GrowthPairCorr
  0.99AEDRX Invesco European GrowthPairCorr
  0.77AEGSX Invesco European GrowthPairCorr
  0.99FHJUX Fidelity EuropePairCorr
  0.71FHJTX Fidelity EuropePairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.95GGNPX Goldman Sachs HighPairCorr
  0.88GPPSX Goldman Sachs ShortPairCorr
  0.97RIV Rivernorth OpportunitiesPairCorr
  0.94TEIMX T Rowe PricePairCorr
  0.93AONIX One Choice PortfolioPairCorr
  0.69KAMCX Kensington Managed IncomePairCorr
  0.95CSGCX Calvert Balanced PorPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.9FEFAX First Eagle FundPairCorr
  0.61IRDAX Ishares Russell 3000PairCorr
  0.95CLREX Columbia BalancedPairCorr
  0.96TAAEX Transamerica Capital Steady GrowthPairCorr
  0.91CHY Calamos Convertible AndPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Six Mutual Fund performing well and Six Circles 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 Six Circles' 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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