Swan Defined Correlations

Mutual Funds . USA . 
Fund . Swan Defined Risk
SDRIX Fund  USD 15.28  0.01  0.07%   
The current 90-days correlation between Swan Defined Risk and Calvert Developed Market is 0.72 (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

Almost no diversification

The correlation between Swan Defined Risk and DJI is 0.92 (i.e., Almost no 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
  1.0SDAAX Swan Defined RiskPairCorr
  1.0SDAIX Swan Defined RiskPairCorr
  1.0SDRAX Swan Defined RiskPairCorr
  1.0SDRCX Swan Defined RiskPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.99GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.99GTEYX Gateway Fund ClassPairCorr
  0.99GATEX Gateway Fund ClassPairCorr
  0.98JHDCX Jpmorgan Hedged EquityPairCorr
  0.98JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.94FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.65MLPMX Oppenheimer Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.95FMEUX Franklin Mutual EuropeanPairCorr
  0.99MQRIX Acr Multi StrategyPairCorr
  0.99HCACX Hartford CapitalPairCorr
  0.62MSPGX Massmutual Select TotalPairCorr
  0.96BCX Blackrock ResourcesPairCorr
  0.99MXFRX Great West PutnamPairCorr
  0.99FISEX Franklin Equity IncomePairCorr
  0.73PGBRX Putnam Global IncomePairCorr
  0.99ULPIX Ultrabull ProfundPairCorr
  0.94TSWIX Transamerica InternationalPairCorr
  0.86CNREX Commonwealth Real EstatePairCorr
  0.99CGFEX Growth FundPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.75BIDPX Ishares Municipal BondPairCorr
  0.92MIEIX Mfs InstitutionalPairCorr

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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