Easterly Snow Correlations

SNWRX Fund

USD 64.29 0.14 0.22%

The current 90-days correlation between Easterly Snow Small and Easterly Snow Longshort is -0.22 (i.e., Very good diversification). The correlation of Easterly Snow 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.

Easterly Snow Correlation With Market

Good diversification

The correlation between Easterly Snow 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 Easterly Snow 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 Easterly Snow 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 metropolitan statistical area.

Moving together with Easterly Mutual Fund

0.95	SNORX	Easterly Snow Longshort	Pair Corr
0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.97	VISVX	Vanguard Small Cap	Pair Corr
0.97	DFSVX	Us Small Cap	Pair Corr
0.97	DFFVX	Us Targeted Value	Pair Corr
0.95	UBVCX	Undiscovered Managers	Pair Corr
0.95	UBVAX	Undiscovered Managers	Pair Corr
0.95	UBVSX	Undiscovered Managers	Pair Corr
0.97	AVFIX	American Beacon Small	Pair Corr
0.89	FSMMX	Fs Multi Strategy	Pair Corr
0.89	BTMPX	Ishares Msci Eafe	Pair Corr
0.89	BTMKX	Blackrock International	Pair Corr
0.89	MDIIX	Blackrock Intern Index	Pair Corr
0.68	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.68	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.96	TSMHX	Tiaa Cref Lifestyle	Pair Corr
0.94	FSIAX	Fidelity Advisor Str	Pair Corr
0.97	NWHGX	Nationwide Bailard Nitive	Pair Corr
0.96	PHJYX	Principal Lifetime Hybrid	Pair Corr
0.96	BUIGX	Cboe Vest Sp	Pair Corr
0.97	JLHAX	Retirement Living Through	Pair Corr
0.88	RMBLX	Rmb Mendon Financial	Pair Corr
0.91	VSCRX	Virtus Kar Small	Pair Corr
0.86	XETTX	Eaton Vance Municipal	Pair Corr
0.97	JVMIX	John Hancock Disciplined	Pair Corr
0.93	HOSAX	Holbrook Structured	Pair Corr
0.95	BGGIX	William Blair Global	Pair Corr
0.94	UIVNX	Mfs Intrinsic Value	Pair Corr
0.95	BIOUX	Baron Opportunity	Pair Corr
0.95	GAGCX	Gabelli Global	Pair Corr
0.97	UEMPX	Ubs Emerging Markets	Pair Corr
0.96	LISGX	Clearbridge Small Cap	Pair Corr
0.96	SSDSX	Deutsche Small Cap	Pair Corr
0.94	AGDAX	Ab High Income	Pair Corr
0.9	KGIIX	Kopernik International	Pair Corr
0.96	DITFX	American Funds 2050	Pair Corr

Moving against Easterly Mutual Fund

0.76

RMHIX

Easterly Rocmuni High

Pair Corr

Related Correlations Analysis

	SNORX	SNWRX	RMHIX	JRLVX	TFAZX	ETNBX	PFRMX	PREPX	OBEGX	MSSGX
SNORX		0.95	-0.73	0.98	0.93	0.88	0.89	0.69	0.97	0.9	SNORX
SNWRX	0.95		-0.76	0.96	0.96	0.88	0.87	0.62	0.95	0.92	SNWRX
RMHIX	-0.73	-0.76		-0.73	-0.79	-0.86	-0.86	-0.4	-0.77	-0.67	RMHIX
JRLVX	0.98	0.96	-0.73		0.97	0.91	0.88	0.71	0.99	0.95	JRLVX
TFAZX	0.93	0.96	-0.79	0.97		0.94	0.91	0.65	0.97	0.96	TFAZX
ETNBX	0.88	0.88	-0.86	0.91	0.94		0.95	0.64	0.93	0.86	ETNBX
PFRMX	0.89	0.87	-0.86	0.88	0.91	0.95		0.68	0.91	0.84	PFRMX
PREPX	0.69	0.62	-0.4	0.71	0.65	0.64	0.68		0.68	0.72	PREPX
OBEGX	0.97	0.95	-0.77	0.99	0.97	0.93	0.91	0.68		0.95	OBEGX
MSSGX	0.9	0.92	-0.67	0.95	0.96	0.86	0.84	0.72	0.95		MSSGX
	SNORX	SNWRX	RMHIX	JRLVX	TFAZX	ETNBX	PFRMX	PREPX	OBEGX	MSSGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OBEGX	+ 0.99	JRLVX
JRLVX	+ 0.98	SNORX
OBEGX	+ 0.97	SNORX
TFAZX	+ 0.97	JRLVX
OBEGX	+ 0.97	TFAZX
JRLVX	+ 0.96	SNWRX

High negative correlations

PFRMX	- 0.86	RMHIX
ETNBX	- 0.86	RMHIX
TFAZX	- 0.79	RMHIX
OBEGX	- 0.77	RMHIX
RMHIX	- 0.76	SNWRX
JRLVX	- 0.73	RMHIX

Risk-Adjusted Indicators

There is a big difference between Easterly Mutual Fund performing well and Easterly Snow 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 Easterly Snow'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
SNORX	0.51	0.08	0.02	0.31	0.32	(0.62)	1.44	(0.80)	3.17
SNWRX	1.05	0.38	0.16	(1.14)	0.87	(1.16)	2.60	(1.95)	8.35
RMHIX	2.06	(1.22)	0.00	(0.88)	0.00	0.00	0.64	(5.21)	30.70
JRLVX	0.50	0.11	0.09	0.29	0.35	(0.59)	1.55	(1.12)	3.50
TFAZX	0.16	0.03	(0.40)	0.36	0.00	(0.24)	0.36	(0.24)	0.86
ETNBX	0.10	0.02	(0.73)	1.24	0.00	(0.15)	0.20	(0.20)	0.60
PFRMX	0.26	0.08	(0.16)	(1.49)	0.03	(0.32)	0.60	(0.47)	1.65
PREPX	0.60	0.00	(0.07)	0.14	0.80	(0.64)	1.41	(1.28)	4.36
OBEGX	0.73	0.20	0.19	0.41	0.47	(0.90)	1.87	(1.26)	4.04
MSSGX	1.24	0.14	0.12	0.25	1.07	(1.44)	2.81	(1.83)	6.41

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