Sierra Strategic Correlations
| SSICX Fund | USD 19.71 0.02 0.10% |
The current 90-days correlation between Sierra Strategic Income and Amg Managers Centersquare is 0.43 (i.e., Very weak diversification). The correlation of Sierra Strategic 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.
Sierra Strategic Correlation With Market
Very weak diversification
The correlation between Sierra Strategic Income and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra Strategic Income and DJI in the same portfolio, assuming nothing else is changed.
Sierra |
Moving together with Sierra Mutual Fund
| 0.9 | SSIIX | Sierra Strategic Income | PairCorr |
| 0.98 | SSIRX | Sierra Strategic Income | PairCorr |
| 0.9 | SSIZX | Sierra Strategic Income | PairCorr |
| 0.8 | STMEX | Sierra Tactical Municipal | PairCorr |
| 0.66 | SIRZX | Sierra E Retirement | PairCorr |
| 0.8 | SIRRX | Sierra E Retirement | PairCorr |
| 0.67 | SIRAX | Sierra E Retirement | PairCorr |
| 0.81 | SIRIX | Sierra E Retirement | PairCorr |
| 0.8 | SIRCX | Sierra E Retirement | PairCorr |
| 0.81 | SIRJX | Sierra E Retirement | PairCorr |
| 0.83 | BSICX | Blackrock Strategic Opps | PairCorr |
| 0.83 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.8 | BSIIX | Blackrock Strategic | PairCorr |
| 0.79 | BSIKX | Blackrock Strategic | PairCorr |
| 0.61 | JSORX | Jpmorgan Strategic Income | PairCorr |
| 0.76 | PMZNX | Pimco Mortgage Oppor | PairCorr |
| 0.77 | PMZCX | Pimco Mortgage Oppor | PairCorr |
| 0.77 | PMZAX | Pimco Mortgage Oppor | PairCorr |
| 0.61 | JSOCX | Jpmorgan Strategic Income | PairCorr |
| 0.69 | BTMKX | Blackrock International | PairCorr |
| 0.68 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.77 | JATUX | Jpmorgan Smartretirement | PairCorr |
| 0.76 | RBKTX | American Funds 2040 | PairCorr |
| 0.83 | CWVIX | Calvert International | PairCorr |
| 0.73 | VTCLX | Vanguard Tax Managed | PairCorr |
| 0.64 | SPFIX | Sp 500 Index | PairCorr |
| 0.87 | FCANX | Fidelity Asset Manager | PairCorr |
Related Correlations Analysis
| 0.42 | 0.61 | 0.66 | 0.72 | 0.55 | 0.99 | MRESX | ||
| 0.42 | 0.04 | 0.89 | 0.75 | 0.31 | 0.32 | JYEBX | ||
| 0.61 | 0.04 | 0.31 | 0.5 | 0.68 | 0.67 | HLPPX | ||
| 0.66 | 0.89 | 0.31 | 0.92 | 0.45 | 0.61 | MXREX | ||
| 0.72 | 0.75 | 0.5 | 0.92 | 0.46 | 0.7 | PJEAX | ||
| 0.55 | 0.31 | 0.68 | 0.45 | 0.46 | 0.6 | BREUX | ||
| 0.99 | 0.32 | 0.67 | 0.61 | 0.7 | 0.6 | SEIRX | ||
Risk-Adjusted Indicators
There is a big difference between Sierra Mutual Fund performing well and Sierra Strategic 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 Sierra Strategic'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRESX | 0.57 | (0.06) | 0.00 | (0.07) | 0.00 | 1.07 | 3.66 | |||
| JYEBX | 0.57 | (0.03) | 0.00 | (0.06) | 0.00 | 1.00 | 3.48 | |||
| HLPPX | 0.58 | (0.05) | 0.00 | (0.02) | 0.00 | 1.12 | 3.10 | |||
| MXREX | 0.58 | (0.04) | 0.00 | (0.13) | 0.00 | 0.98 | 3.70 | |||
| PJEAX | 0.59 | (0.06) | 0.00 | (0.22) | 0.00 | 1.05 | 3.75 | |||
| BREUX | 0.71 | (0.08) | (0.09) | (0.01) | 0.94 | 1.84 | 4.16 | |||
| SEIRX | 0.55 | (0.07) | 0.00 | (0.09) | 0.00 | 1.07 | 3.46 |