Standpoint Multi-asset Correlations

Mutual Funds . USA . 
Fund . Standpoint Multi Asset
REMIX Fund  USD 13.60  0.19  1.42%   
The current 90-days correlation between Standpoint Multi Asset and Wmcanx is -0.16 (i.e., Good diversification). The correlation of Standpoint Multi-asset 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.

Standpoint Multi-asset Correlation With Market

Weak diversification

The correlation between Standpoint Multi Asset and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standpoint Multi Asset and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Standpoint Multi Asset. 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 gross domestic product.

Moving together with Standpoint Mutual Fund

  1.0BLNDX Standpoint Multi AssetPairCorr
  0.69BXMYX Blackstone AlternativePairCorr
  0.7BXMIX Blackstone AlternativePairCorr
  0.7BXMDX Blackstone AlternativePairCorr
  0.77GARTX Goldman Sachs AbsolutePairCorr
  0.78GCRTX Goldman Sachs AbsolutePairCorr
  0.7SMPIX Semiconductor UltrasectorPairCorr
  0.7SMPSX Semiconductor UltrasectorPairCorr
  0.7RSNRX Victory Global NaturalPairCorr
  0.71RSNYX Victory Global NaturalPairCorr
  0.71RGNCX Victory Global NaturalPairCorr
  0.76NBNAX Neuberger Berman IntPairCorr
  0.77MMFWX Massmutual SelectPairCorr
  0.68BGSIX Blackrock SciencePairCorr
  0.74PYFRX Payden Floating RatePairCorr
  0.68TGRYX Tcw Global RealPairCorr
  0.7APPIX Appleseed Fund AppleseedPairCorr
  0.71OMCIX Oberweis Micro CapPairCorr
  0.76PSWIX Strategic Asset ManaPairCorr
  0.66IEMGX Voya Multi ManagerPairCorr
  0.74VWELX Vanguard WellingtonPairCorr
  0.74JGASX Jpmorgan Growth AdvantagePairCorr
  0.76MCGIX Amg Managers MontagPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.8PBCJX Blue Chip FundPairCorr
  0.77TRFJX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Standpoint Mutual Fund performing well and Standpoint Multi-asset 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 Standpoint Multi-asset'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.

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