Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDAIX Fund  USD 14.61  0.01  0.07%   
The current 90-days correlation between Swan Defined Risk and Swan Defined Risk is 1.0 (i.e., No risk reduction). The correlation of Swan Defined 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.

Swan Defined Correlation With Market

Almost no diversification

The correlation between Swan Defined Risk and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Defined Risk 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 Swan Defined Risk. 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 gross domestic product.

Moving together with Swan Mutual Fund

  1.0SDACX Swan Defined RiskPairCorr
  1.0SDAAX Swan Defined RiskPairCorr
  1.0SDRAX Swan Defined RiskPairCorr
  1.0SDRCX Swan Defined RiskPairCorr
  1.0SDRIX Swan Defined RiskPairCorr
  0.99JHQCX Jpmorgan Hedged EquityPairCorr
  0.99JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  1.0GTENX Gateway Fund ClassPairCorr
  1.0GTECX Gateway Fund ClassPairCorr
  1.0GTEYX Gateway Fund ClassPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  0.98JHDCX Jpmorgan Hedged EquityPairCorr
  0.98JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.96FMEUX Franklin Mutual EuropeanPairCorr
  0.98MQRIX Acr Multi StrategyPairCorr
  1.0HCACX Hartford CapitalPairCorr
  0.96BCX Blackrock ResourcesPairCorr
  0.99MXFRX Great West PutnamPairCorr
  0.98FISEX Franklin Equity IncomePairCorr
  0.7PGBRX Putnam Global IncomePairCorr
  1.0ULPIX Ultrabull ProfundPairCorr
  0.95TSWIX Transamerica InternationalPairCorr
  0.88CNREX Commonwealth Real EstatePairCorr
  1.0CGFEX Growth FundPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.74BIDPX Ishares Municipal BondPairCorr
  0.94MIEIX Mfs InstitutionalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Swan Mutual Fund performing well and Swan Defined 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 Swan Defined'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.

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