Energy Basic Correlations

Mutual Funds . USA . 
Fund . Energy Basic Materials
SBMBX Fund  USD 11.88  0.05  0.42%   
The current 90-days correlation between Energy Basic Materials and Msift High Yield is -0.09 (i.e., Good diversification). The correlation of Energy Basic 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.

Energy Basic Correlation With Market

Weak diversification

The correlation between Energy Basic Materials and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Basic Materials 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 Energy Basic Materials. 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 bureau of labor statistics.

Moving together with Energy Mutual Fund

  0.88SABAX Salient Alternative BetaPairCorr
  0.88SABIX Aggressive BalancedPairCorr
  0.88SABCX Salient Alternative BetaPairCorr
  0.88SAMAX Moderately AggressivePairCorr
  0.89SAMCX Salient Mlp FundPairCorr
  0.9SAMIX Moderately AggressivePairCorr
  0.88SSCCX Small CapitalizationPairCorr
  0.9SSCPX Small CapitalizationPairCorr
  0.88SSCYX Small CapitalizationPairCorr
  0.88SBCCX Moderately ConservativePairCorr
  0.89SBMCX Moderate BalancedPairCorr
  0.89SBMIX Moderate BalancedPairCorr
  0.92STPAX Technology MunicationsPairCorr
  0.92STPCX Technology MunicationsPairCorr
  0.65STPIX Technology MunicationsPairCorr
  0.88SCAAX Conservative BalancedPairCorr
  0.62SUMCX Conservative BalancedPairCorr
  1.0SEPIX Energy Basic MaterialsPairCorr
  0.78SEPCX Energy Basic MaterialsPairCorr
  0.87SFPCX Financial ServicesPairCorr
  0.61SFPAX Financial ServicesPairCorr
  0.62SIEYX International EquityPairCorr
  0.62SIECX International EquityPairCorr
  0.65SIEPX International EquityPairCorr
  0.63SLCGX Large CapitalizationPairCorr
  0.87SLCVX Large Cap ValuePairCorr
  0.86SLGYX Large CapitalizationPairCorr
  0.67SLVCX Large Cap ValuePairCorr
  0.66SLVYX Large Cap ValuePairCorr
  0.78SMBCX Municipal Bond PortfolioPairCorr
  0.88SMACX Moderately ServativePairCorr
  0.82SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Energy Mutual Fund performing well and Energy Basic 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 Energy Basic'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY