Financial Services Correlations

Mutual Funds USA . 
Fund . Financial Services Portfolio
SFPIX Fund  USD 12.66  0.11  0.86%   
The current 90-days correlation between Financial Services and Rbc Bluebay Emerging is 0.22 (i.e., Modest diversification). The correlation of Financial Services 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.

Financial Services Correlation With Market

Significant diversification

The correlation between Financial Services Portfolio and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Services Portfolio 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 Financial Services Portfolio. 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 Financial Mutual Fund

  0.98SABAX Salient Alternative BetaPairCorr
  0.98SABIX Aggressive BalancedPairCorr
  0.93SABCX Salient Alternative BetaPairCorr
  0.98SAMAX Moderately AggressivePairCorr
  0.93SAMCX Salient Mlp FundPairCorr
  0.98SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.93SSCPX Small CapitalizationPairCorr
  0.98SSCYX Small CapitalizationPairCorr
  0.97SBCCX Moderately ConservativePairCorr
  0.72SBHIX Health BiotchnologyPairCorr
  0.83SBMBX Energy Basic MaterialsPairCorr
  0.98SBMCX Moderate BalancedPairCorr
  0.93SBMIX Moderate BalancedPairCorr
  0.95STPAX Technology CommunicationsPairCorr
  0.9STPCX Technology MunicationsPairCorr
  0.95STPIX Technology MunicationsPairCorr
  0.93SCAAX Conservative BalancedPairCorr
  0.93SUMCX Conservative BalancedPairCorr
  0.83SEPIX Energy Basic MaterialsPairCorr
  0.82SEPCX Energy Basic MaterialsPairCorr
  0.93SFPCX Financial ServicesPairCorr
  1.0SFPAX Financial ServicesPairCorr
  0.73SHPAX Health BiotchnologyPairCorr
  0.71SHPCX Health BiotchnologyPairCorr
  0.93SIEYX International EquityPairCorr
  0.9SIECX International EquityPairCorr
  0.9SIEPX International EquityPairCorr
  0.91SLCGX Large CapitalizationPairCorr
  0.92SLCVX Large Cap ValuePairCorr
  0.96SLGCX Large CapitalizationPairCorr
  0.96SLGYX Large CapitalizationPairCorr
  0.92SLVCX Large Cap ValuePairCorr
  0.97SLVYX Large Cap ValuePairCorr
  0.64SMBCX Municipal Bond PortfolioPairCorr
  0.7SMBAX Municipal Bond PortfolioPairCorr
  0.97SMACX Moderately ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Services 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 Financial Services' 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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