Secured Options Correlations

GLSOX Fund

USD 14.41 0.02 0.14%

The current 90-days correlation between Secured Options Portfolio and Glenmede International Secured is -0.3 (i.e., Very good diversification). The correlation of Secured Options 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.

Secured Options Correlation With Market

Poor diversification

The correlation between Secured Options Portfolio and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Secured Options Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Secured Options Portfolio. 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 producer price index.

Moving together with Secured Mutual Fund

0.7	NOVIX	Glenmede International	Pair Corr
0.92	GEQIX	Equity Income Portfolio	Pair Corr
0.9	GWILX	Woman In Leadership	Pair Corr
0.92	RESGX	Responsible Esg Equity	Pair Corr
0.92	GQLVX	Quantitative U S	Pair Corr
0.88	GQSCX	Quantitative U S	Pair Corr
0.73	GTAPX	Long/short Portfolio	Pair Corr
0.64	GTCIX	International Portfolio	Pair Corr
0.92	GTILX	Large Cap Growth	Pair Corr
0.91	GTLIX	Large Cap Core	Pair Corr
1.0	GTSOX	Secured Options Portfolio	Pair Corr
0.82	GTSCX	Small Cap Equity	Pair Corr
0.92	GTTMX	Total Market Portfolio	Pair Corr
0.98	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.99	GTENX	Gateway Fund Class	Pair Corr
0.99	GTECX	Gateway Fund Class	Pair Corr
0.99	GTEYX	Gateway Fund Class	Pair Corr
0.99	GATEX	Gateway Fund Class	Pair Corr
0.96	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.65	ASG	Liberty All Star	Pair Corr
0.68	CII	Blackrock Enhanced	Pair Corr
0.7	ETV	Eaton Vance Tax	Pair Corr
0.78	CLM	Cornerstone Strategic	Pair Corr
0.77	CRF	Cornerstone Strategic	Pair Corr
0.71	ETY	Eaton Vance Tax	Pair Corr
0.63	NFJ	Virtus Dividend Interest	Pair Corr
0.87	NWAKX	Nationwide Allianzgi	Pair Corr
0.87	HOOSX	Hartford Schroders Small	Pair Corr
0.94	JABUX	John Hancock Opportu	Pair Corr

Moving against Secured Mutual Fund

0.51

IFN

India Closed

Pair Corr

Related Correlations Analysis

	NOVIX	GEQIX	GWILX	RESGX	GLSOX	GQLVX	GQSCX	GTAPX	GTCEX	GTCIX
NOVIX		0.66	0.71	0.66	0.7	0.69	0.65	0.66	0.96	0.94	NOVIX
GEQIX	0.66		0.94	0.98	0.92	0.94	0.88	0.59	0.72	0.58	GEQIX
GWILX	0.71	0.94		0.98	0.9	0.97	0.93	0.77	0.75	0.7	GWILX
RESGX	0.66	0.98	0.98		0.92	0.97	0.93	0.69	0.72	0.61	RESGX
GLSOX	0.7	0.92	0.9	0.92		0.92	0.88	0.73	0.69	0.64	GLSOX
GQLVX	0.69	0.94	0.97	0.97	0.92		0.97	0.77	0.71	0.65	GQLVX
GQSCX	0.65	0.88	0.93	0.93	0.88	0.97		0.76	0.65	0.62	GQSCX
GTAPX	0.66	0.59	0.77	0.69	0.73	0.77	0.76		0.6	0.74	GTAPX
GTCEX	0.96	0.72	0.75	0.72	0.69	0.71	0.65	0.6		0.9	GTCEX
GTCIX	0.94	0.58	0.7	0.61	0.64	0.65	0.62	0.74	0.9		GTCIX
	NOVIX	GEQIX	GWILX	RESGX	GLSOX	GQLVX	GQSCX	GTAPX	GTCEX	GTCIX

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Risk-Adjusted Indicators

There is a big difference between Secured Mutual Fund performing well and Secured Options 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 Secured Options' 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
NOVIX	0.29	0.11	(0.04)	(0.61)	0.00	(0.41)	0.81	(0.57)	2.11
GEQIX	0.51	0.01	(0.02)	0.12	0.47	(0.56)	1.12	(1.00)	2.35
GWILX	0.61	0.01	0.02	0.12	0.53	(0.63)	1.40	(1.14)	2.78
RESGX	0.56	0.00	0.00	0.11	0.53	(0.61)	1.37	(1.06)	2.82
GLSOX	0.14	0.04	(0.25)	0.30	0.00	(0.20)	0.43	(0.14)	0.86
GQLVX	0.57	0.01	0.02	0.12	0.48	(0.69)	1.47	(0.92)	3.25
GQSCX	0.89	0.03	0.08	0.13	0.90	(0.95)	1.94	(1.96)	4.84
GTAPX	0.31	0.00	(0.22)	0.11	0.29	(0.34)	0.66	(0.51)	1.74
GTCEX	0.51	0.13	0.00	(0.62)	0.43	(0.56)	1.11	(0.89)	2.75
GTCIX	0.46	0.11	(0.01)	(1.57)	0.39	(0.51)	0.99	(1.04)	2.88

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