Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDRCX Fund  USD 14.22  0.01  0.07%   
The current 90-days correlation between Swan Defined Risk and Oklahoma College Savings is 0.68 (i.e., Poor 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

Good diversification

The correlation between Swan Defined Risk and DJI is -0.13 (i.e., Good 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 main economic indicators.

Moving together with Swan Mutual Fund

  1.0SDACX Swan Defined RiskPairCorr
  0.98SDAAX Swan Defined RiskPairCorr
  0.99SDAIX Swan Defined RiskPairCorr
  1.0SDRAX Swan Defined RiskPairCorr
  0.99SDRIX Swan Defined RiskPairCorr
  0.97JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.98GATEX Gateway Fund ClassPairCorr
  0.96JHDCX Jpmorgan Hedged EquityPairCorr
  0.96JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTISX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.98JAAYX Jpmorgan SmartretirementPairCorr
  0.99JIAGX Income AllocationPairCorr
  0.98GMWZX Mydestination 2025PairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.99JGYCX John Hancock GlobalPairCorr
  0.96QICNX Aqr International MultiPairCorr
  0.97PLVIX Largecap ValuePairCorr
  0.97BERCX Berwyn CornerstonePairCorr
  0.98PXWIX Pax Ellevate GlobalPairCorr
  0.97TNBRX 1290 Smartbeta EquityPairCorr
  0.99RNCOX Rivernorth E OpportunityPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  0.73IREIX Ivy Advantus RealPairCorr
  0.87AECSX Emerging Markets SmallPairCorr

Related Correlations Analysis

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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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