1919 Financial Correlations

SBFAX Fund

USD 29.46 0.54 1.87%

The current 90-days correlation between 1919 Financial Services and Fbanjx is 0.93 (i.e., Almost no diversification). The correlation of 1919 Financial 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.

1919 Financial Correlation With Market

Almost no diversification

The correlation between 1919 Financial Services and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Financial Services 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 1919 Financial Services. 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 nation.

Moving together with 1919 Mutual Fund

0.82	SSIAX	1919 Socially Responsive	Pair Corr
0.75	SESLX	1919 Socially Responsive	Pair Corr
0.88	SFSLX	1919 Financial Services	Pair Corr
1.0	LMRIX	1919 Financial Services	Pair Corr
0.85	LMRNX	1919 Socially Responsive	Pair Corr
0.94	VFAIX	Vanguard Financials Index	Pair Corr
0.88	FRBCX	Regional Bank Steady Growth	Pair Corr
0.82	JRGRX	Regional Bank	Pair Corr
0.85	PRISX	T Rowe Price	Pair Corr
0.96	FIDCX	Financial Industries	Pair Corr
0.95	JFDRX	Financial Industries	Pair Corr
0.93	TFIFX	T Rowe Price	Pair Corr
0.84	DVFYX	Davis Financial	Pair Corr
0.84	RPFGX	Davis Financial	Pair Corr
0.91	DFFCX	Davis Financial	Pair Corr
0.72	BTMPX	Ishares Msci Eafe	Pair Corr
0.75	BTMKX	Blackrock International	Pair Corr
0.75	MDIIX	Blackrock Intern Index	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	VAFCX	Invesco American Fra	Pair Corr
0.76	LGCVX	Lord Abbett Global	Pair Corr
0.79	MIPTX	Matthews Pacific Tiger	Pair Corr
0.7	AMGOX	Alger Mid Cap	Pair Corr
0.64	MIFAX	Miller Intermediate Bond	Pair Corr
0.79	RYTIX	Technology Fund Investor	Pair Corr
0.77	CTLFX	American Funds Lege	Pair Corr
0.83	TLWIX	Tiaa Cref Lifecycle	Pair Corr
0.82	RDCTX	American Funds 2020	Pair Corr
0.77	HFQCX	Henderson Global Equity	Pair Corr
0.69	RAPCX	Cohen Steers Real	Pair Corr
0.83	SUGAX	Pioneer Global Susta	Pair Corr
0.74	MFEIX	Mfs Growth Fund	Pair Corr
0.83	JWWFX	Janus Global Research	Pair Corr

Related Correlations Analysis

	FBANJX	XHYIX	AUUIX	RETSX	FTUFOX	FKHEMX	IEMSX	IAADX
FBANJX		0.62	0.99	0.93	0.57	0.99	-0.03	0.88	FBANJX
XHYIX	0.62		0.59	0.65	0.68	0.51	0.26	0.68	XHYIX
AUUIX	0.99	0.59		0.93	0.52	0.99	0.0	0.86	AUUIX
RETSX	0.93	0.65	0.93		0.63	0.92	0.06	0.89	RETSX
FTUFOX	0.57	0.68	0.52	0.63		0.49	-0.11	0.76	FTUFOX
FKHEMX	0.99	0.51	0.99	0.92	0.49		-0.07	0.86	FKHEMX
IEMSX	-0.03	0.26	0.0	0.06	-0.11	-0.07		0.03	IEMSX
IAADX	0.88	0.68	0.86	0.89	0.76	0.86	0.03		IAADX
	FBANJX	XHYIX	AUUIX	RETSX	FTUFOX	FKHEMX	IEMSX	IAADX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AUUIX	+ 0.99	FBANJX
FKHEMX	+ 0.99	FBANJX
FKHEMX	+ 0.99	AUUIX
RETSX	+ 0.93	FBANJX
RETSX	+ 0.93	AUUIX
FKHEMX	+ 0.92	RETSX

High negative correlations

IEMSX	- 0.11	FTUFOX
IEMSX	- 0.07	FKHEMX
IEMSX	- 0.03	FBANJX
IEMSX	- 0.0	AUUIX

Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Financial 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 1919 Financial'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
FBANJX	0.80	0.03	0.01	0.06	1.26	(0.83)	1.60	(1.59)	9.15
XHYIX	0.23	(0.02)	0.00	(0.65)	0.00	0.00	0.43	(0.84)	1.53
AUUIX	0.99	0.06	0.03	0.08	1.67	(0.98)	1.83	(2.21)	11.90
RETSX	1.08	0.10	0.04	(1.07)	1.67	(1.15)	2.08	(2.28)	12.87
FTUFOX	0.12	(0.01)	(0.15)	0.27	0.20	(0.10)	0.23	(0.26)	0.77
FKHEMX	1.07	0.06	0.03	0.08	1.64	(1.10)	2.36	(2.00)	12.46
IEMSX	0.54	0.24	0.40	12.97	0.00	(0.70)	1.39	(0.67)	3.20
IAADX	0.25	0.02	(0.01)	0.67	0.40	(0.29)	0.34	(0.46)	2.02

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