Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDAIX Fund  USD 15.68  0.15  0.95%   
The current 90-days correlation between Swan Defined Risk and Swan Defined Risk is 0.02 (i.e., Significant diversification). The correlation of Swan Defined 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.

Swan Defined Correlation With Market

Average diversification

The correlation between Swan Defined Risk and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Defined Risk 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 Swan Defined Risk. 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 Swan Mutual Fund

  1.0SDACX Swan Defined RiskPairCorr
  0.92SDAAX Swan Defined RiskPairCorr
  0.98SDRAX Swan Defined RiskPairCorr
  0.79SDRCX Swan Defined RiskPairCorr
  0.81SDRIX Swan Defined RiskPairCorr
  0.81JHQCX Jpmorgan Hedged EquityPairCorr
  0.83JHEQX Jpmorgan Hedged EquityPairCorr
  0.91JHQAX Jpmorgan Hedged EquityPairCorr
  0.91GTENX Gateway Fund ClassPairCorr
  0.98GTECX Gateway Fund ClassPairCorr
  0.91GTEYX Gateway Fund ClassPairCorr
  0.98GATEX Gateway Fund ClassPairCorr
  0.81JHDCX Jpmorgan Hedged EquityPairCorr
  0.84JHDRX Jpmorgan Hedged EquityPairCorr
  0.93JHDAX Jpmorgan Hedged EquityPairCorr
  0.77NXJ Nuveen New JerseyPairCorr
  0.79HHMFX The Hartford MunicipalPairCorr
  0.86JEDCX Jpmorgan Emerging MarketsPairCorr
  0.71LSVFX Lsv Global ManagedPairCorr
  0.71XEMFX Templeton EmergingPairCorr
  0.73JLAOX Retirement Living ThroughPairCorr
  0.79VMAVX VmavxPairCorr
  0.69EVGRX Evaluator Growth RmsPairCorr
  0.89RDGTX American Funds 2040PairCorr
  0.81PFSLX Paradigm SelectPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Swan Mutual Fund performing well and Swan Defined 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 Swan Defined'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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