Strategic Alternatives Correlations

GFSYX Fund

USD 9.26 0.03 0.32%

The current 90-days correlation between Strategic Alternatives and Fidelity Advisor Health is 0.18 (i.e., Average diversification). The correlation of Strategic Alternatives 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.

Strategic Alternatives Correlation With Market

Modest diversification

The correlation between Strategic Alternatives Fund and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Alternatives Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Strategic Alternatives Fund. 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 manufacturing.

Moving together with Strategic Mutual Fund

1.0	GFSZX	Strategic Alternatives	Pair Corr
0.7	GIEYX	International Equity	Pair Corr
0.7	GIEZX	International Equity	Pair Corr
0.69	GIIYX	International Equity	Pair Corr
0.61	GMFZX	Mydestination 2045	Pair Corr
0.63	GMEYX	Guidestone Funds Impact	Pair Corr
0.63	GMEZX	Guidestone Funds Impact	Pair Corr
0.61	GMGYX	Mydestination 2055	Pair Corr
0.61	GMGZX	Mydestination 2055	Pair Corr

Moving against Strategic Mutual Fund

0.31	GMBYX	Guidestone Funds	Pair Corr
0.34	GMBZX	Guidestone Funds	Pair Corr

Related Correlations Analysis

	FHCCX	LHCCX	RAGHX	PGHAX	DLRHX	GTHCX	PHSZX
FHCCX		0.51	0.28	0.88	0.46	0.81	0.78	FHCCX
LHCCX	0.51		0.84	0.43	0.89	0.77	0.82	LHCCX
RAGHX	0.28	0.84		0.21	0.83	0.55	0.56	RAGHX
PGHAX	0.88	0.43	0.21		0.5	0.68	0.71	PGHAX
DLRHX	0.46	0.89	0.83	0.5		0.64	0.71	DLRHX
GTHCX	0.81	0.77	0.55	0.68	0.64		0.91	GTHCX
PHSZX	0.78	0.82	0.56	0.71	0.71	0.91		PHSZX
	FHCCX	LHCCX	RAGHX	PGHAX	DLRHX	GTHCX	PHSZX

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Alternatives 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 Strategic Alternatives' 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
FHCCX	0.93	(0.12)	(0.11)	0.09	1.27	(0.96)	1.99	(2.56)	9.25
LHCCX	1.02	0.11	(0.10)	(0.29)	1.51	(1.00)	1.89	(1.88)	8.23
RAGHX	1.08	0.08	(0.13)	(0.01)	1.65	(1.06)	2.15	(2.56)	9.59
PGHAX	0.92	(0.11)	(0.15)	0.05	1.24	(0.94)	1.84	(2.26)	6.66
DLRHX	1.13	0.07	(0.13)	(0.01)	1.73	(1.14)	1.99	(3.20)	8.10
GTHCX	0.87	(0.08)	(0.12)	0.12	1.07	(0.84)	1.66	(1.91)	7.55
PHSZX	1.06	(0.03)	(0.06)	0.20	1.35	(1.07)	2.24	(2.26)	7.84

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