Sierra Tactical Correlations
| SRSJX Fund | 27.59 0.23 0.84% |
The current 90-days correlation between Sierra Tactical Risk and Semiconductor Ultrasector Profund is -0.18 (i.e., Good diversification). 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 -0.1 (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.
Sierra |
Moving together with Sierra Mutual Fund
Moving against Sierra Mutual Fund
Related Correlations Analysis
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMPIX | 2.10 | 0.75 | 0.40 | 0.67 | 1.37 | 5.81 | 12.76 | |||
| TFAZX | 0.16 | 0.06 | (0.76) | (2.22) | 0.00 | 0.36 | 0.86 | |||
| SEDAX | 0.19 | 0.08 | (0.48) | 1.10 | 0.00 | 0.45 | 1.25 | |||
| TEOJX | 0.55 | 0.18 | 0.10 | 0.56 | 0.00 | 1.96 | 4.16 | |||
| IHICX | 0.19 | 0.11 | (0.51) | (2.23) | 0.00 | 0.51 | 1.03 | |||
| RYANX | 0.92 | 0.45 | 0.16 | (1.54) | 0.72 | 3.05 | 7.33 | |||
| REMVX | 0.57 | 0.33 | 0.17 | (4.59) | 0.00 | 1.76 | 4.92 |