Swan Defined Correlations
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.
Swan |
Moving together with Swan Mutual Fund
1.0 | SDACX | Swan Defined Risk | PairCorr |
0.98 | SDAAX | Swan Defined Risk | PairCorr |
0.99 | SDAIX | Swan Defined Risk | PairCorr |
1.0 | SDRAX | Swan Defined Risk | PairCorr |
0.99 | SDRIX | Swan Defined Risk | PairCorr |
0.97 | JHQCX | Jpmorgan Hedged Equity | PairCorr |
0.98 | JHEQX | Jpmorgan Hedged Equity | PairCorr |
0.98 | JHQAX | Jpmorgan Hedged Equity | PairCorr |
0.98 | GTENX | Gateway Fund Class | PairCorr |
0.99 | GTECX | Gateway Fund Class | PairCorr |
0.98 | GTEYX | Gateway Fund Class | PairCorr |
0.98 | GATEX | Gateway Fund Class | PairCorr |
0.96 | JHDCX | Jpmorgan Hedged Equity | PairCorr |
0.96 | JHDRX | Jpmorgan Hedged Equity | PairCorr |
0.98 | JHDAX | Jpmorgan Hedged Equity | PairCorr |
0.99 | VSTSX | Vanguard Total Stock | PairCorr |
0.99 | VSMPX | Vanguard Total Stock | PairCorr |
0.98 | VITSX | Vanguard Total Stock | PairCorr |
0.99 | VFFSX | Vanguard 500 Index | PairCorr |
0.98 | VFIAX | Vanguard 500 Index | PairCorr |
0.98 | VTISX | Vanguard Total Inter | PairCorr |
0.98 | VTSNX | Vanguard Total Inter | PairCorr |
0.97 | VTPSX | Vanguard Total Inter | PairCorr |
0.98 | VINIX | Vanguard Institutional | PairCorr |
0.99 | VTSAX | Vanguard Total Stock | PairCorr |
0.98 | JAAYX | Jpmorgan Smartretirement | PairCorr |
0.99 | JIAGX | Income Allocation | PairCorr |
0.98 | GMWZX | Mydestination 2025 | PairCorr |
0.99 | PGRTX | Smallcap Growth | PairCorr |
0.99 | JGYCX | John Hancock Global | PairCorr |
0.96 | QICNX | Aqr International Multi | PairCorr |
0.97 | PLVIX | Largecap Value | PairCorr |
0.97 | BERCX | Berwyn Cornerstone | PairCorr |
0.98 | PXWIX | Pax Ellevate Global | PairCorr |
0.97 | TNBRX | 1290 Smartbeta Equity | PairCorr |
0.99 | RNCOX | Rivernorth E Opportunity | PairCorr |
0.99 | CDIRX | Columbia Dividend Income | PairCorr |
0.73 | IREIX | Ivy Advantus Real | PairCorr |
0.87 | AECSX | Emerging Markets Small | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FWOKX | 0.54 | 0.21 | (0.02) | (2.58) | 0.34 | 1.33 | 3.40 | |||
WDIAX | 0.53 | 0.22 | (0.02) | (1.26) | 0.42 | 1.52 | 3.90 | |||
SWSSX | 0.92 | 0.07 | 0.10 | 0.27 | 0.77 | 2.30 | 6.24 | |||
HIIDX | 0.49 | 0.14 | 0.04 | 0.49 | 0.14 | 1.29 | 3.13 | |||
PRDMX | 0.88 | 0.39 | 0.12 | (1.07) | 0.67 | 2.59 | 5.92 | |||
PGBAX | 0.13 | 0.04 | (0.76) | (4.62) | 0.00 | 0.34 | 0.77 | |||
JPDVX | 0.38 | 0.18 | (0.08) | (1.84) | 0.04 | 1.34 | 2.51 |