Spectrum Fund Correlations

Mutual Funds . USA . 
Fund . Spectrum Fund Adviser
SRUAX Fund  USD 14.34  0.05  0.35%   
The current 90-days correlation between Spectrum Fund Adviser and Spectrum Fund Institutional is 0.07 (i.e., Significant diversification). The correlation of Spectrum Fund 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.

Spectrum Fund Correlation With Market

Significant diversification

The correlation between Spectrum Fund Adviser and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Fund Adviser 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 Spectrum Fund Adviser. 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 Spectrum Mutual Fund

  0.71SRUIX Spectrum Fund InstitPairCorr
  0.69QNTAX Quantex Fund AdviserPairCorr
  0.98QNTIX Quantex Fund InstituPairCorr
  0.7IFAAX Infrastructure FundPairCorr
  0.69IFAIX Infrastructure FundPairCorr
  0.98BLNAX Balanced Fund AdviserPairCorr
  0.91FLBDX Total Return BondPairCorr
  0.98FLCGX Quantex Fund RetailPairCorr
  0.98FLDOX Dividend OpportunitiesPairCorr
  0.98FLDGX Dynamic GrowthPairCorr
  0.98FLDFX Balanced Fund RetailPairCorr
  0.97FLFGX Global OpportunitiesPairCorr
  0.98FLMIX Muirfield Fund InstiPairCorr
  0.97FLMFX Muirfield Fund RetailPairCorr
  0.98FLMAX Muirfield Fund AdviserPairCorr
  0.95FLRUX Infrastructure FundPairCorr
  0.97FLSPX Spectrum Fund RetailPairCorr
  0.98DVOIX Dividend OpportunitiesPairCorr
  0.98DVOAX Dividend OpportunitiesPairCorr
  0.92BNDAX Total Return BondPairCorr
  0.98DYGIX Dynamic GrowthPairCorr
  0.98DYGAX Dynamic GrowthPairCorr
  0.89NLSCX Neuberger Berman LongPairCorr
  0.9NLSAX Neuberger Berman LongPairCorr
  0.9NLSIX Neuberger Berman LongPairCorr
  0.94QLERX Aqr Long ShortPairCorr
  0.97DHLSX Diamond Hill LongPairCorr
  0.97DIAYX Diamond Hill LongPairCorr
  0.97DIAMX Diamond Hill LongPairCorr
  0.97ASLAX Ab Select LongshortPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.78NWHZX Nationwide Geneva SmallPairCorr
  0.83TGRKX Tiaa Cref GreenPairCorr
  0.68PFRSX Real Estate SecuritiesPairCorr
  0.96MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.98AMFCX American MutualPairCorr
  0.96AVCNX American Century EtfPairCorr

Moving against Spectrum Mutual Fund

  0.55PWLMX Pimco Rae WorldwidePairCorr
  0.54PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Fund 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 Spectrum Fund'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
SRUAX  0.56  0.19  0.09  2.56  0.36 
(0.66)
 1.61 
(1.14)
 3.90 
SRUIX  0.52  0.15  0.18  0.39  0.00 
(0.66)
 1.65 
(0.68)
 3.88 
QNTAX  0.53  0.21  0.26  0.48  0.00 
(0.66)
 1.82 
(0.64)
 3.98 
QNTIX  0.57  0.24  0.13 (3.28) 0.34 
(0.64)
 1.82 
(1.23)
 3.96 
IFAAX  0.23  0.06 (0.13) 0.43  0.00 
(0.28)
 0.67 
(0.38)
 1.53 
IFAIX  0.23  0.06 (0.13) 0.41  0.00 
(0.27)
 0.67 
(0.35)
 1.52 
BLNIX  0.38  0.12  0.09  0.40  0.00 
(0.48)
 1.25 
(0.55)
 2.89 
BLNAX  0.40  0.14  0.01 (3.46) 0.20 
(0.47)
 1.17 
(0.78)
 2.89 
FLBDX  0.09  0.02 (0.60) 0.65  0.00 
(0.14)
 0.22 
(0.21)
 0.53 
FLCGX  0.56  0.24  0.13 (3.37) 0.32 
(0.65)
 1.81 
(1.24)
 3.99 

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