Smead Funds Correlations
The correlation of Smead Funds 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.
Smead |
Moving against Smead Mutual Fund
0.79 | XDSMX | Dreyfus Strategic | PairCorr |
0.73 | XNXJX | Nuveen New Jersey | PairCorr |
0.72 | XNBHX | Neuberger Berman Int | PairCorr |
Related Correlations Analysis
1.0 | 0.99 | 0.99 | 1.0 | 0.99 | 1.0 | TEPIX | ||
1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | JNGTX | ||
0.99 | 1.0 | 1.0 | 0.99 | 1.0 | 1.0 | PGKCX | ||
0.99 | 1.0 | 1.0 | 0.99 | 1.0 | 1.0 | DTEYX | ||
1.0 | 1.0 | 0.99 | 0.99 | 0.99 | 1.0 | VITAX | ||
0.99 | 1.0 | 1.0 | 1.0 | 0.99 | 1.0 | MTCCX | ||
1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | NWHOX | ||
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Risk-Adjusted Indicators
There is a big difference between Smead Mutual Fund performing well and Smead Funds 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 Smead Funds' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TEPIX | 1.39 | 0.38 | 0.27 | 0.37 | 1.25 | 3.59 | 9.62 | |||
JNGTX | 0.86 | 0.28 | 0.26 | 0.41 | 0.58 | 2.30 | 5.89 | |||
PGKCX | 1.01 | 0.25 | 0.23 | 0.35 | 0.78 | 2.40 | 6.58 | |||
DTEYX | 0.99 | 0.28 | 0.30 | 0.40 | 0.51 | 3.07 | 6.30 | |||
VITAX | 0.96 | 0.26 | 0.24 | 0.37 | 0.73 | 2.53 | 6.67 | |||
MTCCX | 0.87 | 0.20 | 0.19 | 0.33 | 0.65 | 2.49 | 6.09 | |||
NWHOX | 0.97 | 0.23 | 0.21 | 0.34 | 0.70 | 2.71 | 6.71 |