Campbell Systematic Correlations

EBSIX Fund  USD 9.99  0.03  0.30%   
The current 90-days correlation between Campbell Systematic Macro and Asg Managed Futures is 0.47 (i.e., Very weak diversification). The correlation of Campbell Systematic 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.

Campbell Systematic Correlation With Market

Good diversification

The correlation between Campbell Systematic Macro and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Campbell Systematic Macro and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Campbell Systematic Macro. 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 gross domestic product.

Moving against Campbell Mutual Fund

  0.56SPSDX Sterling Capital BehPairCorr
  0.56JORRX Janus Global SelectPairCorr
  0.55DCEMX Dunham Emerging MarketsPairCorr
  0.54RELVX Equity Growth StrategyPairCorr
  0.54SWYAX Schwab Target 2010PairCorr
  0.52MBXFX Catalystmillburn HedgePairCorr
  0.52MBXIX Catalystmillburn HedgePairCorr
  0.52MBXAX Catalystmillburn HedgePairCorr
  0.52MBXCX Catalystmillburn HedgePairCorr
  0.52VFIAX Vanguard 500 IndexPairCorr
  0.52VITSX Vanguard Total StockPairCorr
  0.52LEVIX Lazard Equity CentratedPairCorr
  0.52MSTSX Morningstar UnconstrainedPairCorr
  0.51VFINX Vanguard 500 IndexPairCorr
  0.51RRTAX T Rowe PricePairCorr
  0.5VTSMX Vanguard Total StockPairCorr
  0.5VSMPX Vanguard Total StockPairCorr
  0.5VSTSX Vanguard Total StockPairCorr
  0.5VFFSX Vanguard 500 IndexPairCorr
  0.5BAFQX Brown AdvisoryPairCorr
  0.5FNILX Fidelity Zero LargePairCorr
  0.49VTSAX Vanguard Total StockPairCorr
  0.47VGTSX Vanguard Total InterPairCorr
  0.47VTIAX Vanguard Total InterPairCorr
  0.44PBAIX Blackrock TacticalPairCorr
  0.43BRBCX Blackrock TacticalPairCorr
  0.42PCBAX Blackrock TacticalPairCorr
  0.42PCBSX Blackrock TacticalPairCorr
  0.37TRRPX Tiaa Cref RealPairCorr
  0.62BBIIX Bbh Intermediate MunPairCorr
  0.57EMAYX Enterprise Mergers AndPairCorr
  0.56GSHUX Goldman Sachs HighPairCorr
  0.56FTXNX Fuller Thaler BehavioralPairCorr
  0.55ISIAX Voya Strategic IncomePairCorr
  0.55DGINX Dgi BalancedPairCorr
  0.54KAGCX Kensington Dynamic GrowthPairCorr
  0.54GMMRX Nationwide InvestorPairCorr
  0.53SICWX Sentinel Mon StockPairCorr
  0.53CSRYX Columbia Select LargePairCorr
  0.53VSFCX Federated Clover SmallPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Campbell Mutual Fund performing well and Campbell Systematic 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 Campbell Systematic'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.