Sprott Focus Correlations

FUND Stock

USD 8.42 0.11 1.32%

The current 90-days correlation between Sprott Focus Trust and Western Asset High is 0.33 (i.e., Weak diversification). The correlation of Sprott Focus 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.

Sprott Focus Correlation With Market

Poor diversification

The correlation between Sprott Focus Trust and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Focus Trust and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Sprott Focus Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Sprott Stock

0.65	WTL	WT Financial Group	Pair Corr
0.61	MEC	Morphic Ethical Equities	Pair Corr
0.92	ACQ	Acorn Capital Investment	Pair Corr
0.78	FINS	Angel Oak Financial	Pair Corr
0.89	SOLI-P	Solid Impact Investments Earnings Call This Week	Pair Corr
0.83	WWH	Worldwide Healthcare	Pair Corr
0.9	BTI	Bailador Technology	Pair Corr
0.88	ENX	Eaton Vance New	Pair Corr
0.89	EVM	Eaton Vance California	Pair Corr
0.8	VEIL	Vietnam Enterprise	Pair Corr
0.83	MMIT	Mobius Investment Trust	Pair Corr
0.9	BIOG	Biotech Growth	Pair Corr
0.88	FFN	North American Financial	Pair Corr
0.83	LWI	Lowland Investment	Pair Corr
0.67	CIW	Clime Investment Man	Pair Corr
0.79	ATT	Allianz Technology Trust	Pair Corr
0.81	JFJ	JPMorgan Japanese	Pair Corr

Moving against Sprott Stock

0.88	JLEN	JLEN Environmental Assets	Pair Corr
0.86	PNI	Pinnacle Investment	Pair Corr
0.83	PRIM	Primorus Investments plc	Pair Corr
0.81	KUR-H	Kure Technologies	Pair Corr
0.69	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.52	ANSCU	Agriculture Natural	Pair Corr
0.41	IPX	Impax Asset Management	Pair Corr
0.39	MFG	Magellan Financial	Pair Corr
0.74	LIO	Liontrust Asset Mana	Pair Corr
0.69	FTU	US Financial 15	Pair Corr
0.53	LIT	Litigation Capital	Pair Corr
0.49	TAM	Tatton Asset Management	Pair Corr
0.42	DUI	Diversified United	Pair Corr
0.4	EVE	EVE Health Group	Pair Corr

Related Correlations Analysis

	BINT	HLMEX	FLSPX	BTMFX	NSCRX	HYI	WSEFX	NSCFX	WBGSX	EMFIX
BINT		0.97	0.96	0.31	0.86	-0.3	0.92	0.86	0.92	0.95	BINT
HLMEX	0.97		0.96	0.15	0.81	-0.36	0.95	0.82	0.94	0.98	HLMEX
FLSPX	0.96	0.96		0.28	0.89	-0.18	0.91	0.89	0.94	0.96	FLSPX
BTMFX	0.31	0.15	0.28		0.6	0.34	0.21	0.6	0.14	0.14	BTMFX
NSCRX	0.86	0.81	0.89	0.6		0.04	0.8	1.0	0.77	0.8	NSCRX
HYI	-0.3	-0.36	-0.18	0.34	0.04		-0.37	0.03	-0.33	-0.26	HYI
WSEFX	0.92	0.95	0.91	0.21	0.8	-0.37		0.8	0.9	0.93	WSEFX
NSCFX	0.86	0.82	0.89	0.6	1.0	0.03	0.8		0.77	0.8	NSCFX
WBGSX	0.92	0.94	0.94	0.14	0.77	-0.33	0.9	0.77		0.96	WBGSX
EMFIX	0.95	0.98	0.96	0.14	0.8	-0.26	0.93	0.8	0.96		EMFIX
	BINT	HLMEX	FLSPX	BTMFX	NSCRX	HYI	WSEFX	NSCFX	WBGSX	EMFIX

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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

NSCFX	+ 1.0	NSCRX
EMFIX	+ 0.98	HLMEX
HLMEX	+ 0.97	BINT
FLSPX	+ 0.96	BINT
FLSPX	+ 0.96	HLMEX
EMFIX	+ 0.96	FLSPX

High negative correlations

WSEFX	- 0.37	HYI
HYI	- 0.36	HLMEX
WBGSX	- 0.33	HYI
HYI	- 0.3	BINT
EMFIX	- 0.26	HYI
HYI	- 0.18	FLSPX

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott Focus Company 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 Sprott Focus' 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
BINT	0.52	0.03	0.03	0.08	0.59	(0.56)	1.18	(0.86)	4.05
HLMEX	0.54	0.11	0.14	0.23	0.51	(0.65)	1.37	(0.85)	4.24
FLSPX	0.51	0.05	0.06	0.11	0.60	(0.56)	1.38	(0.72)	4.40
BTMFX	0.57	(0.05)	(0.07)	0.00	0.65	(0.64)	1.24	(1.00)	3.99
NSCRX	0.85	0.01	0.04	0.06	0.93	(0.96)	1.86	(1.43)	7.76
HYI	0.33	(0.04)	0.00	(0.14)	0.00	0.00	0.61	(0.69)	2.23
WSEFX	0.50	0.09	0.05	(0.41)	0.54	(0.55)	1.17	(0.76)	3.64
NSCFX	0.85	0.01	0.04	0.06	0.92	(1.00)	1.87	(1.42)	7.77
WBGSX	0.70	0.05	0.05	0.10	0.83	(0.75)	1.73	(1.04)	5.61
EMFIX	0.71	0.10	0.09	0.18	0.82	(0.81)	1.56	(1.39)	5.16

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