Six Circles Correlations

Mutual Funds . USA . 
Fund . Six Circles Managed
CMIUX Fund  USD 15.46  0.05  0.32%   
The current 90-days correlation between Six Circles Managed and Six Circles Ultra is 0.02 (i.e., Significant 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 Managed 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 Managed 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 Managed. 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 employment.

Moving together with Six Mutual Fund

  0.87CUTAX Six Circles TaxPairCorr
  0.94CUSUX Six Circles UnconstrainedPairCorr
  1.0CIUEX Six Circles InternationalPairCorr
  0.94CRDOX Six Circles CreditPairCorr
  0.76CBTAX Six Circles TaxPairCorr
  1.0VEUSX Vanguard European StockPairCorr
  1.0VESIX Vanguard European StockPairCorr
  1.0VEUPX Vanguard European StockPairCorr
  1.0VEURX Vanguard European StockPairCorr
  0.99AEDYX Invesco European GrowthPairCorr
  0.99AEDRX Invesco European GrowthPairCorr
  0.99AEGSX Invesco European GrowthPairCorr
  0.99FHJUX Fidelity EuropePairCorr
  0.99FHJTX 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
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.95GGNPX Goldman Sachs HighPairCorr
  0.87GPPSX Goldman Sachs ShortPairCorr
  0.97RIV Rivernorth OpportunitiesPairCorr
  0.94TEIMX T Rowe PricePairCorr
  0.93AONIX One Choice PortfolioPairCorr
  0.85KAMCX Kensington Managed IncomePairCorr
  0.95CSGCX Calvert Balanced PorPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.89FEFAX First Eagle FundPairCorr
  0.85DCARX Dfa California MunicipalPairCorr
  0.95IRDAX Ishares Russell 3000PairCorr
  0.94CLREX Columbia BalancedPairCorr
  0.96TAAEX Transamerica Capital Steady GrowthPairCorr
  0.9CHY 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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