Stringer Growth Correlations

Mutual Funds . USA . 
Fund . Stringer Growth Fund
SRGIX Fund  USD 13.84  0.10  0.73%   
The current 90-days correlation between Stringer Growth and Rbc Emerging Markets is 0.74 (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 0.82 (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 gross domestic product.

Moving together with Stringer Mutual Fund

  1.0SRGAX Stringer GrowthPairCorr
  0.77PAALX All Asset FundPairCorr
  0.77PATRX Pimco All AssetPairCorr
  0.76PAAIX All Asset FundPairCorr
  0.76PALPX Pimco All AssetPairCorr
  0.77PASAX All Asset FundPairCorr
  0.78PASCX All Asset FundPairCorr
  0.77PAANX Pimco All AssetPairCorr
  0.74PAUPX Pimco All AssetPairCorr
  0.74PAUIX Pimco All AssetPairCorr
  0.86WARRX Wells Fargo AdvantagePairCorr
  0.9FSRCX Fidelity Advisor StrPairCorr
  0.94TEGRX Templeton GrowthPairCorr
  0.71GSHIX Goldman Sachs HighPairCorr
  0.9FTGOX Salient Tactical GrowthPairCorr
  0.69RYUIX Utilities Fund InvestorPairCorr
  0.96PLKTX Principal Lifetime HybridPairCorr
  0.94BIMPX Blackrock ModeratePairCorr
  0.89HCKFX Hartford ChecksPairCorr
  0.85AMTOX Ab All MarketPairCorr
  0.86ACWDX Astoncrosswind Small CapPairCorr
  0.75RBIAX Rbc Funds TrustPairCorr
  0.73FSRRX Fidelity Strategic RealPairCorr
  0.93GGSPX Goldman Sachs GrowthPairCorr
  0.69TLRIX Tiaa Cref LifecyclePairCorr
  0.9FTAGX Salient Tactical GrowthPairCorr
  0.76PBDAX Investment Grade PoratePairCorr

Moving against Stringer Mutual Fund

  0.93USPSX Profunds UltrashortPairCorr
  0.93USPIX Profunds UltrashortPairCorr
  0.6TCTGX Transamerica CleartrackPairCorr
  0.6TDKTX Cleartrack 2015 ClassPairCorr
  0.6TCTJX Transamerica CleartrackPairCorr
  0.56TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis


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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