Snow Capital Correlations

Mutual Funds . USA . 
Fund . Snow Capital Small
SNWCX Fund  USD 55.81  0.12  0.22%   
The current 90-days correlation between Snow Capital Small and Snow Capital Opportunity is 0.87 (i.e., Very poor diversification). The correlation of Snow Capital 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.

Snow Capital Correlation With Market

Good diversification

The correlation between Snow Capital Small and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snow Capital Small 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 Snow Capital Small. 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 Snow Mutual Fund

  0.97SNOAX Snow Capital OpportunityPairCorr
  0.94SNOCX Snow Capital OpportunityPairCorr
  0.95SNOIX Snow Capital OpportunityPairCorr
  1.0SNWAX Snow Capital SmallPairCorr
  0.98SNWIX Snow Capital SmallPairCorr
  0.97VSIIX Vanguard Small CapPairCorr
  0.97VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.95UBVCX Undiscovered ManagersPairCorr
  0.99UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  0.97AVFIX American Beacon SmallPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.94AUNTX Ab Municipal BondPairCorr
  0.98FKINX Franklin IncomePairCorr
  0.93TSFYX Touchstone Small CapPairCorr
  0.97JSIYX Jpmorgan SmartretirementPairCorr
  0.92TIOTX Tiaa Cref InternationalPairCorr
  0.65SEVPX Guggenheim Mid CapPairCorr
  0.94VYSAX Voya SmallPairCorr
  0.94CHI Calamos ConvertiblePairCorr
  0.99FSCTX Fidelity Advisor SmallPairCorr
  0.93VMCRX Voya Midcap OpportunitiesPairCorr
  0.71JYEBX Jhancock Real EstatePairCorr
  0.73LHEAX Locorr Hedged CorePairCorr
  0.95TBDAX Prudential JennisonPairCorr
  0.96LMPIX Clearbridge AppreciationPairCorr
  0.84GRSRX Cohen Steers GlobalPairCorr
  0.96VFIFX Vanguard Target RetiPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Snow Mutual Fund performing well and Snow Capital 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 Snow Capital'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SNOAX  0.52  0.19  0.05 (0.92) 0.28 
(0.61)
 1.46 
(0.81)
 3.18 
SNOCX  0.51  0.08  0.01  0.31  0.29 
(0.60)
 1.43 
(0.64)
 3.16 
SNWAX  1.04  0.38  0.16 (1.16) 0.87 
(1.13)
 2.59 
(1.95)
 8.35 
SNWCX  1.04  0.37  0.16 (1.14) 0.88 
(1.13)
 2.60 
(1.96)
 8.33 
MXBSX  0.49  0.21  0.09 (2.45) 0.28 
(0.59)
 1.55 
(1.10)
 3.53 
SDHAX  0.11  0.02 (0.64)(0.88) 0.00 
(0.17)
 0.29 
(0.21)
 0.94 
BUFTX  0.73  0.07  0.07  0.20  0.70 
(0.87)
 1.93 
(1.42)
 5.88 
SAMHX  0.17  0.05 (0.29) 0.50  0.00 
(0.28)
 0.65 
(0.25)
 1.05 
FDSCX  0.87  0.11  0.10  0.24  0.82 
(0.98)
 2.34 
(1.63)
 6.13 
PFONX  0.14  0.01 (0.57) 0.26  0.00 
(0.20)
 0.41 
(0.30)
 0.81 

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