Standpoint Multi-asset Correlations
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.
Standpoint |
Moving together with Standpoint Mutual Fund
1.0 | BLNDX | Standpoint Multi Asset | PairCorr |
0.69 | BXMYX | Blackstone Alternative | PairCorr |
0.7 | BXMIX | Blackstone Alternative | PairCorr |
0.7 | BXMDX | Blackstone Alternative | PairCorr |
0.77 | GARTX | Goldman Sachs Absolute | PairCorr |
0.78 | GCRTX | Goldman Sachs Absolute | PairCorr |
0.7 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.7 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.7 | RSNRX | Victory Global Natural | PairCorr |
0.71 | RSNYX | Victory Global Natural | PairCorr |
0.71 | RGNCX | Victory Global Natural | PairCorr |
0.76 | NBNAX | Neuberger Berman Int | PairCorr |
0.77 | MMFWX | Massmutual Select | PairCorr |
0.68 | BGSIX | Blackrock Science | PairCorr |
0.74 | PYFRX | Payden Floating Rate | PairCorr |
0.68 | TGRYX | Tcw Global Real | PairCorr |
0.7 | APPIX | Appleseed Fund Appleseed | PairCorr |
0.71 | OMCIX | Oberweis Micro Cap | PairCorr |
0.76 | PSWIX | Strategic Asset Mana | PairCorr |
0.66 | IEMGX | Voya Multi Manager | PairCorr |
0.74 | VWELX | Vanguard Wellington | PairCorr |
0.74 | JGASX | Jpmorgan Growth Advantage | PairCorr |
0.76 | MCGIX | Amg Managers Montag | PairCorr |
0.76 | VFINX | Vanguard 500 Index | PairCorr |
0.8 | PBCJX | Blue Chip Fund | PairCorr |
0.77 | TRFJX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.98 | 0.99 | 0.97 | 0.97 | 1.0 | 1.0 | WMCANX | ||
0.98 | 0.97 | 0.96 | 0.97 | 0.98 | 0.98 | ABVCX | ||
0.99 | 0.97 | 0.97 | 0.97 | 0.98 | 0.99 | HDCEX | ||
0.97 | 0.96 | 0.97 | 0.99 | 0.97 | 0.97 | VOLMX | ||
0.97 | 0.97 | 0.97 | 0.99 | 0.97 | 0.97 | IPSAX | ||
1.0 | 0.98 | 0.98 | 0.97 | 0.97 | 1.0 | RPBAX | ||
1.0 | 0.98 | 0.99 | 0.97 | 0.97 | 1.0 | FLDFX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
WMCANX | 0.44 | 0.24 | 0.01 | (1.93) | 0.00 | 1.46 | 3.18 | |||
ABVCX | 0.55 | 0.19 | (0.05) | (1.82) | 0.50 | 1.42 | 4.39 | |||
HDCEX | 0.51 | 0.19 | (0.06) | (1.49) | 0.26 | 1.23 | 3.72 | |||
VOLMX | 0.54 | 0.02 | (0.05) | 0.23 | 0.37 | 1.40 | 3.99 | |||
IPSAX | 0.40 | 0.06 | (0.08) | 0.34 | 0.00 | 0.75 | 3.51 | |||
RPBAX | 0.36 | 0.17 | (0.10) | (1.95) | 0.09 | 1.23 | 2.54 | |||
FLDFX | 0.38 | 0.16 | (0.11) | (1.75) | 0.11 | 1.27 | 2.84 |