Fs Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Fs Multi Strategy Alt
FSMSX Fund  USD 11.27  0.01  0.09%   
The current 90-days correlation between Fs Multi Strategy and Pace High Yield is 0.13 (i.e., Average diversification). The correlation of Fs Multi-strategy 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.

Fs Multi-strategy Correlation With Market

Good diversification

The correlation between Fs Multi Strategy Alt and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fs Multi Strategy Alt and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fs Multi Strategy Alt. 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 state.

Moving together with FSMSX Mutual Fund

  0.82BIMBX Blackrock AlternativePairCorr
  0.82BAMBX Blackrock AlternativePairCorr
  0.79BMBCX Blackrock AlternativePairCorr
  0.83BKMBX Blackrock SystematicPairCorr
  0.95BXMYX Blackstone AlternativePairCorr
  0.77QSPRX Aqr Style PremiaPairCorr
  0.95BXMIX Blackstone AlternativePairCorr
  0.95BXMDX Blackstone AlternativePairCorr
  0.9GARTX Goldman Sachs AbsolutePairCorr
  0.89GCRTX Goldman Sachs AbsolutePairCorr
  0.75NHS Neuberger Berman HighPairCorr
  0.72VFIAX Vanguard 500 IndexPairCorr
  0.84FOSFX Fidelity OverseasPairCorr
  0.75PRWBX T Rowe PricePairCorr
  0.73RRSVX Rbc Small CapPairCorr
  0.92MPBAX Global StrategistPairCorr
  0.76FHKAX Fidelity China RegionPairCorr
  0.75HERSX Hartford Emerging MarketsPairCorr
  0.89OAZEX Oakmark InternationalPairCorr
  0.89GCSUX Goldman Sachs SmallPairCorr
  0.88RYBIX Basic MaterialsPairCorr
  0.94MSUMX Managed Account SeriesPairCorr
  0.89OANEX Oakmark InternationalPairCorr
  0.93RITFX American High IncomePairCorr
  0.81AISTX Limited DurationPairCorr
  0.72VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FSMSX Mutual Fund performing well and Fs Multi-strategy 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 Fs Multi-strategy'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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