Quantified Common Correlations

Mutual Funds . USA . 
Fund . Quantified Common Ground
QCGDX Fund  USD 14.56  0.01  0.07%   
The current 90-days correlation between Quantified Common Ground and Spectrum Advisors Preferred is -0.11 (i.e., Good diversification). The correlation of Quantified Common 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.

Quantified Common Correlation With Market

Very weak diversification

The correlation between Quantified Common Ground 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 Quantified Common Ground and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantified Common Ground. 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 unemployment.

Moving together with Quantified Mutual Fund

  0.72SUNBX Spectrum UnconstrainedPairCorr
  0.69QMLAX Quantified Market LeadersPairCorr
  0.68SFHYX Hundredfold SelectPairCorr
  0.71QRDTX Quantified RisingPairCorr
  0.7QSTAX Quantified StfPairCorr
  0.68QTSSX Quantified TacticalPairCorr
  0.67QGBLX Quantified GlobalPairCorr
  0.72QGITX Quantified GovernmentPairCorr
  0.67KAMAX Kensington Managed IncomePairCorr
  0.67KAMIX Kensington Managed IncomePairCorr
  0.68VEMPX Vanguard Extended MarketPairCorr
  0.68VEXMX Vanguard Extended MarketPairCorr
  0.67SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.67SMPSX Semiconductor Ultrasector Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Common 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 Quantified Common'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
SAPEX  0.37  0.15  0.02 (1.96) 0.00 
(0.49)
 1.08 
(0.49)
 2.36 
OTRFX  0.12  0.03 (0.51)(9.77) 0.00 
(0.15)
 0.29 
(0.20)
 1.19 
OTRGX  0.13  0.03 (0.51)(2.26) 0.00 
(0.15)
 0.28 
(0.23)
 1.21 
SUNBX  0.19  0.04 (0.24) 0.40  0.00 
(0.23)
 0.59 
(0.41)
 1.26 
QMLAX  0.68  0.15  0.12  0.33  0.47 
(0.74)
 1.78 
(1.45)
 5.89 
QMLFX  0.70  0.27  0.12 (2.06) 0.50 
(0.77)
 1.82 
(1.41)
 5.93 
SVARX  0.12  0.02 (0.62) 3.63  0.00 
(0.15)
 0.25 
(0.21)
 0.71 
SFHYX  0.17  0.06 (0.37)(1.22) 0.00 
(0.22)
 0.48 
(0.26)
 1.02 
QRDTX  0.69  0.07  0.04  0.21  0.67 
(0.79)
 1.58 
(1.32)
 5.32 
QALAX  0.27  0.11 (0.07)(2.09) 0.00 
(0.36)
 0.68 
(0.43)
 1.68 

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