Sierra E Correlations

SIRCX Fund

USD 21.89 0.04 0.18%

The current 90-days correlation between Sierra E Retirement and Sierra Tactical Risk is 0.95 (i.e., Almost no diversification). The correlation of Sierra E 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.

Sierra E Correlation With Market

Very weak diversification

The correlation between Sierra E Retirement and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra E Retirement 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 Sierra E Retirement. 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 main economic indicators.

Moving together with Sierra Mutual Fund

0.99	SRSNX	Sierra Tactical Risk	Pair Corr
0.99	SRSJX	Sierra Tactical Risk	Pair Corr
0.99	SRTJX	Sierra Tactical Risk	Pair Corr
0.99	SRTNX	Sierra Tactical Risk	Pair Corr
0.92	SSIIX	Sierra Strategic Income	Pair Corr
0.92	SSICX	Sierra Strategic Income	Pair Corr
0.93	SSIRX	Sierra Strategic Income	Pair Corr
0.92	SSIZX	Sierra Strategic Income	Pair Corr
0.74	STBDX	Sierra Tactical Bond	Pair Corr
0.76	STBNX	Sierra Tactical Bond	Pair Corr
0.81	STBJX	Sierra Tactical Bond	Pair Corr
0.99	STEJX	Northern Lights	Pair Corr
0.99	SIRZX	Sierra E Retirement	Pair Corr
1.0	SIRRX	Sierra E Retirement	Pair Corr
1.0	SIRAX	Sierra E Retirement	Pair Corr
0.99	SIRIX	Sierra E Retirement	Pair Corr
1.0	SIRJX	Sierra E Retirement	Pair Corr
1.0	SRFNX	Sierra Tactical Risk	Pair Corr
1.0	SRFKX	Sierra Tactical Risk	Pair Corr
1.0	SRFJX	Sierra Tactical Risk	Pair Corr
0.98	PAALX	All Asset Fund	Pair Corr
0.98	PATRX	Pimco All Asset	Pair Corr
0.98	PAAIX	All Asset Fund	Pair Corr
0.98	PALPX	Pimco All Asset	Pair Corr
0.94	PASAX	All Asset Fund	Pair Corr
0.98	PASCX	All Asset Fund	Pair Corr
0.98	PAANX	Pimco All Asset	Pair Corr
0.98	PAUPX	Pimco All Asset	Pair Corr
0.98	PAUIX	Pimco All Asset	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Sierra Mutual Fund

0.35

STMEX

Sierra Tactical Municipal

Pair Corr

Related Correlations Analysis

	SRSNX	SRSJX	SRTJX	SRTNX	SSIIX	SSICX	SSIRX	SSIZX	STBDX	STBNX
SRSNX		1.0	0.98	0.98	0.88	0.88	0.89	0.89	0.68	0.7	SRSNX
SRSJX	1.0		0.98	0.98	0.88	0.88	0.89	0.89	0.68	0.7	SRSJX
SRTJX	0.98	0.98		1.0	0.94	0.94	0.95	0.95	0.77	0.79	SRTJX
SRTNX	0.98	0.98	1.0		0.94	0.94	0.95	0.94	0.77	0.78	SRTNX
SSIIX	0.88	0.88	0.94	0.94		1.0	1.0	1.0	0.93	0.93	SSIIX
SSICX	0.88	0.88	0.94	0.94	1.0		1.0	1.0	0.93	0.94	SSICX
SSIRX	0.89	0.89	0.95	0.95	1.0	1.0		1.0	0.92	0.93	SSIRX
SSIZX	0.89	0.89	0.95	0.94	1.0	1.0	1.0		0.93	0.93	SSIZX
STBDX	0.68	0.68	0.77	0.77	0.93	0.93	0.92	0.93		1.0	STBDX
STBNX	0.7	0.7	0.79	0.78	0.93	0.94	0.93	0.93	1.0		STBNX
	SRSNX	SRSJX	SRTJX	SRTNX	SSIIX	SSICX	SSIRX	SSIZX	STBDX	STBNX

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Risk-Adjusted Indicators

There is a big difference between Sierra Mutual Fund performing well and Sierra E 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 Sierra E'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
SRSNX	0.28	0.07	(0.06)	0.42	0.00	(0.34)	0.75	(0.64)	1.76
SRSJX	0.28	0.08	(0.06)	0.43	0.00	(0.34)	0.75	(0.64)	1.76
SRTJX	0.16	0.06	(0.27)	(14.13)	0.00	(0.19)	0.46	(0.31)	0.98
SRTNX	0.16	0.06	(0.27)	(9.68)	0.00	(0.19)	0.42	(0.35)	0.98
SSIIX	0.13	0.00	(0.55)	0.00	0.00	(0.15)	0.31	(0.25)	0.73
SSICX	0.13	0.02	(0.55)	14.45	0.00	(0.14)	0.26	(0.26)	0.73
SSIRX	0.13	0.03	(0.52)	8.00	0.00	(0.15)	0.26	(0.26)	0.73
SSIZX	0.13	0.02	(0.51)	2.81	0.00	(0.15)	0.31	(0.26)	0.78
STBDX	0.15	0.00	(0.54)	0.00	0.12	(0.17)	0.25	(0.29)	0.82
STBNX	0.15	0.00	(0.53)	0.00	0.10	(0.17)	0.25	(0.28)	0.82

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