Stringer Growth Correlations

Mutual Funds . USA . 
Fund . Stringer Growth Fund
SRGCX Fund  USD 12.88  0.05  0.39%   
The current 90-days correlation between Stringer Growth and Artisan High Income is 0.6 (i.e., Poor diversification). The correlation of Stringer Growth 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.

Stringer Growth Correlation With Market

Very poor diversification

The correlation between Stringer Growth Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stringer Growth Fund 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 Stringer Growth Fund. 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 Stringer Mutual Fund

  1.0SRGAX Stringer GrowthPairCorr
  0.98SRGIX Stringer GrowthPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.97PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.95PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.62RYMEX Commodities StrategyPairCorr
  0.61RYMJX Commodities StrategyPairCorr
  0.62RYMBX Commodities StrategyPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.99SPGSX State Street PremierPairCorr
  0.88KF Korea ClosedPairCorr
  0.99LNOCX Ladenburg Income GrowthPairCorr
  0.95AVGYX Dynamic Total ReturnPairCorr
  0.98FAPTX American Funds 2025PairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.94MAADX Morgan Stanley InstiPairCorr
  0.98HFMCX Hartford MidcapPairCorr
  0.99QSMNX Aqr Small CapPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.89SETMX Columbia Amt FreePairCorr
  0.99JANEX Janus EnterprisePairCorr
  0.97MPITX Bny Mellon InternationalPairCorr
  0.99MSMIX Mainstay Map EquityPairCorr
  0.85OAYCX Oakmark BondPairCorr
  0.98BAFQX Brown AdvisoryPairCorr
  0.99APDMX Artisan Mid CapPairCorr
  0.99GGFRX Nationwide GrowthPairCorr
  0.99TIDDX T Rowe PricePairCorr
  0.99GSCGX Goldman Sachs CapitalPairCorr
  0.99RSEGX Victory Rs SmallPairCorr
  0.97AFRAX Invesco Floating RatePairCorr
  0.99JGVVX Jpmorgan Growth AdvantagePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stringer Mutual Fund performing well and Stringer Growth 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 Stringer Growth'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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