Spirit Of Correlations

SACEX Fund

USD 9.03 0.10 1.12%

The current 90-days correlation between Spirit Of America and Boston Partners Longshort is -0.11 (i.e., Good diversification). The correlation of Spirit Of 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.

Spirit Of Correlation With Market

Good diversification

The correlation between Spirit Of America and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Of America and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Of America. 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 income.

Moving together with Spirit Mutual Fund

0.75	SACVX	Spirit Of America	Pair Corr
0.75	SOAVX	Spirit Of America	Pair Corr
0.68	SOCUX	Spirit Of America	Pair Corr
0.75	SOIVX	Spirit Of America	Pair Corr
0.67	SOIAX	Spirit Of America	Pair Corr
0.63	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.9	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	GLPIX	Goldman Sachs Mlp	Pair Corr
0.85	GLPRX	Goldman Sachs Mlp	Pair Corr
0.66	PDI	Pimco Dynamic Income	Pair Corr
0.75	FTCAX	Templeton Strained Bond	Pair Corr
0.64	0P0001N4II	Jpm Global Income	Pair Corr
0.89	CPRRX	Cohen Steers Preferred	Pair Corr

Moving against Spirit Mutual Fund

0.7	USPSX	Profunds Ultrashort	Pair Corr
0.7	USPIX	Profunds Ultrashort	Pair Corr
0.67	UIPIX	Ultrashort Mid Cap	Pair Corr
0.6	TCSUX	Cleartrack 2020 Class	Pair Corr
0.59	TCTGX	Transamerica Cleartrack	Pair Corr
0.59	TDKTX	Cleartrack 2015 Class	Pair Corr
0.59	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	BPIRX	LSYIX	ASTIX	FSHAX	DMBAX	ASDIX
BPIRX		0.97	0.98	0.94	0.94	0.9	BPIRX
LSYIX	0.97		0.98	0.98	0.98	0.94	LSYIX
ASTIX	0.98	0.98		0.95	0.95	0.92	ASTIX
FSHAX	0.94	0.98	0.95		1.0	0.96	FSHAX
DMBAX	0.94	0.98	0.95	1.0		0.96	DMBAX
ASDIX	0.9	0.94	0.92	0.96	0.96		ASDIX
	BPIRX	LSYIX	ASTIX	FSHAX	DMBAX	ASDIX

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Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BPIRX	0.37	0.05	(0.05)	0.23	0.27	(0.42)	0.82	(0.60)	2.37
LSYIX	0.16	0.06	(0.22)	0.55	0.00	(0.24)	0.74	(0.20)	1.38
ASTIX	0.34	0.05	(0.04)	0.24	0.23	(0.40)	0.87	(0.62)	2.70
FSHAX	0.05	0.01	0.00	1.08	0.00	0.00	0.10	(0.10)	0.41
DMBAX	0.05	0.02	(1.11)	3.14	0.00	(0.10)	0.16	(0.08)	0.32
ASDIX	0.07	0.02	(0.78)	17.29	0.00	(0.12)	0.20	(0.10)	0.40

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