Fa Strategic Correlations

Mutual Funds . USA . 
Fund . Fa Strategic Income
FIANX Fund  USD 15.28  0.02  0.13%   
The current 90-days correlation between Fa Strategic Income and Vanguard Total Stock is 0.7 (i.e., Poor diversification). The correlation of Fa Strategic 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.

Fa Strategic Correlation With Market

Poor diversification

The correlation between Fa Strategic Income and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa Strategic Income 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 Fa Strategic Income. 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 board of governors.

Moving together with FIANX Mutual Fund

  0.96VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.76NHS Neuberger Berman HighPairCorr
  0.65TSMUX Tiaa-cref Small/mid-capPairCorr
  0.93LLOAX Sei Institutional ManagedPairCorr
  0.93MSVZX Massmutual Select SmallPairCorr
  0.68JIYBX Jpmorgan Smartretirement*PairCorr
  0.65TSNAX Touchstone Sands CapitalPairCorr
  0.97AUUYX Ab Select EquityPairCorr
  0.98COSIX Columbia Strategic IncomePairCorr
  0.98LEJKX Blackrock Lifepath EsgPairCorr
  0.67NCGXX North Capital FundsPairCorr
  0.7EAISX Parametric InternationalPairCorr
  0.95IEYAX Ivy Energy FundPairCorr
  0.97ABSTX Allianzgi Best StylesPairCorr
  0.99AHYVX High Yield FundPairCorr
  0.68QSMLX Aqr Small CapPairCorr
  0.62FSZIX Fidelity Advisor SusPairCorr
  0.96TREMX T Rowe PricePairCorr
  0.65GSXIX Aberdeen Small CapPairCorr
  0.66RAGIX Riverfront Asset AllPairCorr
  0.65AXVIX Acclivity Small CapPairCorr
  0.98GBCAX Gabelli DividendPairCorr
  0.97CBAIX Calvert Balanced PorPairCorr
  0.98HLDIX Hartford EmergingPairCorr
  0.64HFMSX Hartford MidcapPairCorr
  0.67BAGPX Blackrock Gwth PtfPairCorr
  0.66GUCPX Gugg Actv InvmtPairCorr
  0.69EMLKX Mfs Emerging MarketsPairCorr
  0.97GWPFX American Funds GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between FIANX Mutual Fund performing well and Fa Strategic 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 Fa Strategic'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.66  0.12  0.11  0.27  0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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