1919 Socially Correlations

SSIAX Fund

USD 33.00 0.17 0.52%

The correlation of 1919 Socially 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.

1919 Socially Correlation With Market

Almost no diversification

The correlation between 1919 Socially Responsive and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Socially Responsive 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 1919 Socially Responsive. 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 1919 Mutual Fund

0.94	SBFAX	1919 Financial Services	Pair Corr
1.0	SESLX	1919 Socially Responsive	Pair Corr
0.94	SFSLX	1919 Financial Services	Pair Corr
0.94	LMRIX	1919 Financial Services	Pair Corr
1.0	LMRNX	1919 Socially Responsive	Pair Corr
0.77	TRRPX	Tiaa Cref Real	Pair Corr
1.0	RRTAX	T Rowe Price	Pair Corr

Related Correlations Analysis

	SHFVX	SIGAX	SHAPX	SCHAX	SBMAX
SHFVX		0.0	0.0	0.0	0.0	SHFVX
SIGAX	0.0		0.4	-0.05	0.36	SIGAX
SHAPX	0.0	0.4		0.24	0.99	SHAPX
SCHAX	0.0	-0.05	0.24		0.29	SCHAX
SBMAX	0.0	0.36	0.99	0.29		SBMAX
	SHFVX	SIGAX	SHAPX	SCHAX	SBMAX

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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

SBMAX	+ 0.99	SHAPX
SHAPX	+ 0.4	SIGAX
SBMAX	+ 0.36	SIGAX
SBMAX	+ 0.29	SCHAX
SCHAX	+ 0.24	SHAPX
SIGAX	+ 0.0	SHFVX

High negative correlations

SCHAX	- 0.05	SIGAX
SBMAX	- 0.0	SHFVX
SCHAX	- 0.0	SHFVX
SHAPX	- 0.0	SHFVX
SIGAX	- 0.0	SHFVX

Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Socially 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 1919 Socially'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
SHFVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIGAX	0.24	0.02	(0.52)	0.54	0.16	(0.28)	0.58	(0.47)	1.26
SHAPX	0.55	0.27	0.04	(1.55)	0.30	(0.67)	1.76	(0.72)	3.75
SCHAX	0.55	(0.07)	(0.07)	0.11	1.45	(0.55)	1.11	(0.73)	9.81
SBMAX	0.69	0.32	0.07	(1.10)	0.52	(0.77)	2.29	(1.11)	5.31

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