Spectrum Advisors Correlations

Mutual Funds . USA . 
Fund . Spectrum Advisors Preferred
SAPEX Fund  USD 19.81  0.02  0.10%   
The current 90-days correlation between Spectrum Advisors and Health Care Fund is -0.01 (i.e., Good diversification). The correlation of Spectrum Advisors 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.

Spectrum Advisors Correlation With Market

Poor diversification

The correlation between Spectrum Advisors Preferred and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrum Advisors Preferred 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 Spectrum Advisors Preferred. 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 banks.

Moving together with Spectrum Mutual Fund

  0.92SUNBX Spectrum UnconstrainedPairCorr
  0.69QMLAX Quantified Market LeadersPairCorr
  0.7QMLFX Quantified Market LeadersPairCorr
  0.81SVARX Spectrum Low VolatilityPairCorr
  0.88SFHYX Hundredfold SelectPairCorr
  0.61QRDTX Quantified RisingPairCorr
  0.75QALAX Quantified AlternativePairCorr
  0.76QALTX Quantified AlternativePairCorr
  0.87QSPMX Quantified PatternPairCorr
  0.72QSTFX Quantified StfPairCorr
  0.71QSTAX Quantified StfPairCorr
  0.85QTSSX Quantified TacticalPairCorr
  0.74QEVOX Quantified Evolution PlusPairCorr
  0.83QGBLX Quantified GlobalPairCorr
  0.65QGLDX Gold BullionPairCorr
  0.66QGLCX Gold BullionPairCorr
  0.63KAMAX Kensington Managed IncomePairCorr
  0.7KAMIX Kensington Managed IncomePairCorr
  0.79PAALX All Asset FundPairCorr
  0.8PATRX Pimco All AssetPairCorr
  0.8PAAIX All Asset FundPairCorr
  0.8PALPX Pimco All AssetPairCorr
  0.79PASAX All Asset FundPairCorr
  0.79PASCX All Asset FundPairCorr
  0.8PAANX Pimco All AssetPairCorr
  0.74PAUPX Pimco All AssetPairCorr
  0.74PAUIX Pimco All AssetPairCorr
  0.73WARRX Wells Fargo AdvantagePairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr

Moving against Spectrum Mutual Fund

  0.35QFITX Quantified Tactical FixedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Spectrum Mutual Fund performing well and Spectrum Advisors 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 Spectrum Advisors' 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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