Spectrum Advisors Correlations

Mutual Funds . USA . 
Fund . Spectrum Advisors Preferred
SAPEX Fund  USD 18.66  0.02  0.11%   
The current 90-days correlation between Spectrum Advisors and Short Term Government Fund is -0.04 (i.e., Good diversification). The correlation of Spectrum Advisors 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.

Spectrum Advisors Correlation With Market

Very poor diversification

The correlation between Spectrum Advisors Preferred and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Advisors Preferred 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 Spectrum Advisors Preferred. 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 Spectrum Mutual Fund

  0.72OTRFX Ontrack E FundPairCorr
  0.71OTRGX Ontrack E FundPairCorr
  0.97SUNBX Spectrum UnconstrainedPairCorr
  0.97QMLAX Quantified Market LeadersPairCorr
  0.97QMLFX Quantified Market LeadersPairCorr
  0.95SVARX Spectrum Low VolatilityPairCorr
  0.98SFHYX Hundredfold SelectPairCorr
  0.98QRDTX Quantified RisingPairCorr
  0.97QALAX Quantified AlternativePairCorr
  0.97QALTX Quantified AlternativePairCorr
  0.84QSPMX Quantified PatternPairCorr
  0.82QSTFX Quantified StfPairCorr
  0.82QSTAX Quantified StfPairCorr
  0.93QBDAX Quantified Managed IncomePairCorr
  0.93QBDSX Quantified Managed IncomePairCorr
  0.95QTSSX Quantified TacticalPairCorr
  0.71QCGDX Quantified Common GroundPairCorr
  0.82QGITX Quantified GovernmentPairCorr
  0.94KAMAX Kensington Managed IncomePairCorr
  0.94KAMCX Kensington Managed IncomePairCorr
  0.95KAMIX Kensington Managed IncomePairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.95PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.72VFFIX Victory IncorePairCorr
  0.96DIMIX Dreyfus Short IntermPairCorr

Moving against Spectrum Mutual Fund

  0.36QFITX Quantified Tactical FixedPairCorr
  0.31QEVOX Quantified Evolution PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Advisors 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 Spectrum Advisors' 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.

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