Qs Growth Correlations

Mutual Funds . USA . 
Fund . Qs Growth Fund
LANIX Fund  USD 17.55  0.02  0.11%   
The current 90-days correlation between Qs Growth Fund and Franklin Mutual Beacon is -0.15 (i.e., Good diversification). The correlation of Qs Growth 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.

Qs Growth Correlation With Market

Almost no diversification

The correlation between Qs Growth Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Qs Growth 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 gross domestic product.

Moving together with LANIX Mutual Fund

  0.71TEBIX Franklin Mutual BeaconPairCorr
  0.63TEDMX Templeton DevelopingPairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.75TEDSX Franklin Mutual GlobalPairCorr
  0.75TEDRX Franklin Mutual GlobalPairCorr
  0.69TEFRX Templeton ForeignPairCorr
  0.69TEFTX Templeton ForeignPairCorr
  0.65TEGBX Templeton Global BondPairCorr
  0.66TEGRX Templeton GrowthPairCorr
  0.69TEMFX Templeton ForeignPairCorr
  0.98TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.77TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.98TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.73SAIFX Clearbridge Large CapPairCorr
  1.0SAGYX Clearbridge AggressivePairCorr
  0.77TEMZX Templeton EmergingPairCorr
  0.95FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.66TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.98TEWTX Templeton WorldPairCorr
  1.0SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.82WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between LANIX Mutual Fund performing well and Qs Growth 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 Qs Growth'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
TEBIX  0.55  0.22  0.10 (1.55) 0.36 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.56  0.24  0.28  0.64  0.00 
(0.72)
 1.58 
(0.77)
 4.48 
TEDIX  0.51  0.07  0.02  0.24  0.50 
(0.53)
 1.12 
(1.33)
 3.32 
TEDSX  0.50  0.08  0.04  0.26  0.45 
(0.54)
 1.15 
(1.32)
 3.37 
TEDRX  0.50  0.08  0.04  0.27  0.46 
(0.54)
 1.12 
(1.33)
 3.36 
TEFRX  0.65  0.14  0.11  0.37  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.64  0.14  0.11  0.37  0.47 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.33  0.06 (0.18)(2.78) 0.24 
(0.44)
 0.87 
(0.43)
 2.11 
TEGRX  0.51  0.23  0.28  0.51  0.00 
(0.62)
 1.83 
(0.75)
 3.53 
TEMFX  0.65  0.14  0.12  0.37  0.44 
(0.80)
 1.72 
(1.35)
 4.14 

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