Sierra Tactical Correlations

SRSJX Fund   27.36  0.05  0.18%   
The current 90-days correlation between Sierra Tactical Risk and Sierra Tactical Risk is 1.0 (i.e., No risk reduction). The correlation of Sierra Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Sierra Tactical Risk and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra Tactical Risk 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 Tactical Risk. 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 inflation.

Moving together with Sierra Mutual Fund

  1.0SRSNX Sierra Tactical RiskPairCorr
  0.99SRTJX Sierra Tactical RiskPairCorr
  0.99SRTNX Sierra Tactical RiskPairCorr
  0.89SSIIX Sierra Strategic IncomePairCorr
  0.88SSICX Sierra Strategic IncomePairCorr
  0.9SSIRX Sierra Strategic IncomePairCorr
  0.88SSIZX Sierra Strategic IncomePairCorr
  0.71STBDX Sierra Tactical BondPairCorr
  0.73STBNX Sierra Tactical BondPairCorr
  0.75STBJX Sierra Tactical BondPairCorr
  0.99STENX Northern LightsPairCorr
  1.0STEJX Northern LightsPairCorr
  0.62SIRZX Sierra E RetirementPairCorr
  0.99SIRRX Sierra E RetirementPairCorr
  0.98SIRAX Sierra E RetirementPairCorr
  0.98SIRIX Sierra E RetirementPairCorr
  0.98SIRCX Sierra E RetirementPairCorr
  0.99SIRJX Sierra E RetirementPairCorr
  1.0SRFNX Sierra Tactical RiskPairCorr
  0.99SRFKX Sierra Tactical RiskPairCorr
  1.0SRFJX Sierra Tactical RiskPairCorr
  1.0SRFQX Sierra Tactical RiskPairCorr
  0.67FBONX American Funds AmericanPairCorr
  0.67FBAFX American Funds AmericanPairCorr
  0.67ABALX American BalancedPairCorr
  0.67BALFX American BalancedPairCorr
  0.67CLBEX American BalancedPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr

Moving against Sierra Mutual Fund

  0.41STMEX Sierra Tactical MunicipalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sierra Mutual Fund performing well and Sierra Tactical 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 Tactical'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
SRSNX  0.28  0.11 (0.16)(3.95) 0.00 
 0.75 
 1.76 
SRSJX  0.28  0.12 (0.15)(4.31) 0.00 
 0.75 
 1.76 
SRTJX  0.16  0.06 (0.42)(7.95) 0.00 
 0.46 
 0.98 
SRTNX  0.16  0.06 (0.40)(7.78) 0.00 
 0.42 
 0.98 
SSIIX  0.13  0.02 (0.75) 6.72  0.00 
 0.31 
 0.73 
SSICX  0.13  0.02 (0.74) 4.77  0.00 
 0.26 
 0.73 
SSIRX  0.13  0.02 (0.71) 3.13  0.00 
 0.26 
 0.73 
SSIZX  0.13  0.02 (0.70) 7.41  0.00 
 0.31 
 0.78 
STBDX  0.15  0.02 (0.68)(14.08) 0.09 
 0.25 
 0.82 
STBNX  0.15  0.02 (0.67)(9.02) 0.07 
 0.28 
 0.82