Secured Options Correlations

GLSOX Fund

USD 14.19 0.02 0.14%

The current 90-days correlation between Secured Options Portfolio and Ab Global Risk is 0.09 (i.e., Significant 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

Very poor diversification

The correlation between Secured Options Portfolio and DJI is 0.84 (i.e., Very 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 board of governors.

Moving together with Secured Mutual Fund

0.98	NOVIX	Glenmede International	Pair Corr
1.0	GEQIX	Equity Income Portfolio	Pair Corr
0.98	RESGX	Responsible Esg Equity	Pair Corr
0.99	GQLVX	Quantitative U S	Pair Corr
0.93	GQSCX	Quantitative U S	Pair Corr
0.99	GTAPX	Long/short Portfolio	Pair Corr
0.85	GTCEX	Strategic Equity Por	Pair Corr
0.95	GTCIX	International Portfolio	Pair Corr
0.97	GTCSX	Small Cap Equity	Pair Corr
0.69	GTILX	Large Cap Growth	Pair Corr
1.0	GTLIX	Large Cap Core	Pair Corr
0.99	GTLLX	Large Cap Growth	Pair Corr
1.0	GTLOX	Large Cap E	Pair Corr
0.99	GTLSX	Quantitative Longshort	Pair Corr
1.0	GTSOX	Secured Options Portfolio	Pair Corr
0.97	GTSCX	Small Cap Equity	Pair Corr
1.0	GTTMX	Total Market Portfolio	Pair Corr
0.77	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.79	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.78	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.74	GTENX	Gateway Fund Class	Pair Corr
0.7	GTECX	Gateway Fund Class	Pair Corr
0.74	GTEYX	Gateway Fund Class	Pair Corr
0.72	GATEX	Gateway Fund Class	Pair Corr
0.71	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.74	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.71	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.68	PFN	Pimco Income Strategy	Pair Corr
0.86	RCDTX	American Funds 2025	Pair Corr
0.95	PXQSX	Virtus Kar Small	Pair Corr
0.89	RGBCX	American Funds Global	Pair Corr

Moving against Secured Mutual Fund

0.98	GWILX	Woman In Leadership Potential Growth	Pair Corr
0.74	XNBHX	Neuberger Berman Int	Pair Corr
0.71	XNXJX	Nuveen New Jersey	Pair Corr
0.61	XDSMX	Dreyfus Strategic	Pair Corr
0.36	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	AWF	DBLGX	CNGLX	DSDYX	BXFIX	LFLCX	CABIX
AWF		0.11	0.21	0.37	0.13	0.03	0.11	AWF
DBLGX	0.11		0.77	0.31	-0.13	0.89	0.83	DBLGX
CNGLX	0.21	0.77		0.38	0.29	0.83	0.96	CNGLX
DSDYX	0.37	0.31	0.38		0.28	0.33	0.35	DSDYX
BXFIX	0.13	-0.13	0.29	0.28		0.02	0.22	BXFIX
LFLCX	0.03	0.89	0.83	0.33	0.02		0.89	LFLCX
CABIX	0.11	0.83	0.96	0.35	0.22	0.89		CABIX
	AWF	DBLGX	CNGLX	DSDYX	BXFIX	LFLCX	CABIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CABIX	+ 0.96	CNGLX
LFLCX	+ 0.89	DBLGX
CABIX	+ 0.89	LFLCX
CABIX	+ 0.83	DBLGX
LFLCX	+ 0.83	CNGLX
CNGLX	+ 0.77	DBLGX

High negative correlations

BXFIX

- 0.13

DBLGX

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
AWF	0.25	(0.04)	0.00	(0.13)	0.00	0.00	0.57	(0.57)	1.59
DBLGX	0.18	0.01	(0.15)	0.29	0.12	(0.23)	0.34	(0.23)	1.45
CNGLX	0.57	0.04	0.03	0.11	0.65	(0.62)	1.11	(1.19)	5.46
DSDYX	0.09	(0.01)	(0.47)	(0.14)	0.11	(0.10)	0.20	(0.20)	0.59
BXFIX	0.07	(0.02)	0.00	(2.11)	0.00	0.00	0.12	(0.12)	0.83
LFLCX	0.13	0.02	(0.15)	0.84	0.00	(0.18)	0.32	(0.32)	0.75
CABIX	0.43	0.06	0.06	0.15	0.38	(0.48)	0.83	(0.89)	5.68

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