Stringer Growth Correlations

Mutual Funds . USA . 
Fund . Stringer Growth Fund
SRGAX Fund  USD 13.91  0.03  0.22%   
The current 90-days correlation between Stringer Growth and T Rowe Price is -0.17 (i.e., Good diversification). The correlation of Stringer Growth 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.

Stringer Growth Correlation With Market

Good diversification

The correlation between Stringer Growth Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stringer Growth Fund 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 Stringer Growth Fund. 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 nation.

Moving together with Stringer Mutual Fund

  0.97SRGIX Stringer GrowthPairCorr
  1.0SRGCX Stringer GrowthPairCorr
  0.92PAALX All Asset FundPairCorr
  0.92PATRX Pimco All AssetPairCorr
  0.92PAAIX All Asset FundPairCorr
  0.92PALPX Pimco All AssetPairCorr
  0.96PASAX All Asset FundPairCorr
  0.92PASCX All Asset FundPairCorr
  0.92PAANX Pimco All AssetPairCorr
  0.91PAUPX Pimco All AssetPairCorr
  0.91PAUIX Pimco All AssetPairCorr
  0.92WARRX Wells Fargo AdvantagePairCorr
  0.76MGGYX Mirova Global GreenPairCorr
  0.91HLDIX Hartford EmergingPairCorr
  0.9HLDRX Hartford EmergingPairCorr
  0.94HLDAX Hartford EmergingPairCorr
  0.88HLDCX Hartford EmergingPairCorr
  0.9HLDTX Hartford EmergingPairCorr
  0.9AMINX Amana IncomePairCorr
  0.96SCGCX Qs Moderate GrowthPairCorr
  0.96RNGBX New Economy FundPairCorr
  0.98DQICX Dreyfus Equity IncomePairCorr
  0.93DODFX Dodge International StockPairCorr
  0.99NEAMX Neiman Large CapPairCorr
  0.98XNCVX Allianzgi ConvertiblePairCorr
  0.81RRGTX Deutsche Global RealPairCorr
  0.91PSAIX Pimco Global AdvantagePairCorr
  0.88ITAAX Transamerica Short TermPairCorr
  0.89ALTEX Firsthand AlternativePairCorr
  0.98SHAPX Clearbridge AppreciationPairCorr
  0.87CDBCX Diversified BondPairCorr
  0.94VEXAX Vanguard Extended MarketPairCorr
  0.95PTCRX Performance Trust CreditPairCorr
  0.99HCKAX Hartford ChecksPairCorr
  0.95ASLWX Select Fund YPairCorr
  0.93CWFIX Chartwell Short DurationPairCorr
  0.85NOICX Natixis Oakmark IntePairCorr
  0.91NMCO Nuveen Municipal CreditPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Stringer Mutual Fund performing well and Stringer Growth 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 Stringer Growth'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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