Stone Toro Correlations

Mutual Funds . USA . 
Fund . Stone Toro Market
STMNX Fund  USD 23.99  0.02  0.08%   
The current 90-days correlation between Stone Toro Market and Sierra Tactical Bond is 0.48 (i.e., Very weak diversification). The correlation of Stone Toro 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.

Stone Toro Correlation With Market

Good diversification

The correlation between Stone Toro Market and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Toro Market 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 Stone Toro Market. 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 board of governors.

Moving together with Stone Mutual Fund

  0.96STBKX Sierra Tactical BondPairCorr
  1.0STMHX Sierra Tactical MunicipalPairCorr
  0.96STMKX Sierra Tactical MunicipalPairCorr
  0.96STMYX Sierra Tactical MunicipalPairCorr
  0.81NHMAX Nuveen High YieldPairCorr
  0.82NHCCX Nuveen High YieldPairCorr
  0.84NHMRX Nuveen High YieldPairCorr
  0.8NHMFX Nuveen High YieldPairCorr
  0.73ABHFX American High IncomePairCorr
  0.75AHICX American High IncomePairCorr
  0.73AMHIX American High IncomePairCorr
  0.83GHYCX Goldman Sachs HighPairCorr
  0.8GHYAX Goldman Sachs HighPairCorr
  0.75ACTDX Invesco High YieldPairCorr
  0.61EMO Clearbridge Energy MlpPairCorr
  0.71SPMPX Invesco Steelpath MlpPairCorr
  0.76MLPLX Oppenheimer Steelpath MlpPairCorr

Moving against Stone Mutual Fund

  0.46RSNYX Victory Global NaturalPairCorr
  0.4RSNRX Victory Global NaturalPairCorr
  0.39SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.32SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.69HUBAX Hartford Ultrashort BondPairCorr
  0.57VMNFX Vanguard Market NeutralPairCorr
  0.57SUBTX Carillon Reams UnconPairCorr
  0.56RGCIX Global InfrastructurePairCorr
  0.46RGNCX Victory Global NaturalPairCorr
  0.43FLTAX Fa529 Ltd TeclPairCorr
  0.41MMZMX MmzmxPairCorr
  0.41NDXKX Nasdaq 100 IndexPairCorr
  0.41QCGRIX Cref Growth AccountPairCorr
  0.35WEAYX Wells Fargo SpectrumPairCorr
  0.64UPMMX Precious Metals AndPairCorr
  0.59OMBXX Aim Investment SecsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Stone Mutual Fund performing well and Stone Toro 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 Stone Toro'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY