STADION TACTICAL Correlations
| ETFRX Fund | USD 15.79 0.01 0.06% |
The correlation of STADION TACTICAL is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as STADION TACTICAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STADION TACTICAL DEFENSIVE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in STADION TACTICAL DEFENSIVE. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. STADION |
The ability to find closely correlated positions to STADION TACTICAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STADION TACTICAL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back STADION TACTICAL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling STADION TACTICAL DEFENSIVE to buy it.
Moving together with STADION Mutual Fund
| + | 0.91 | PAAIX | ALL ASSET FUND | PairCorr | ||
| + | 0.84 | PATRX | PIMCO ALL ASSET | PairCorr | ||
| + | 0.84 | PAALX | ALL ASSET FUND | PairCorr | ||
| + | 0.91 | PALPX | PIMCO ALL ASSET | PairCorr | ||
| + | 0.85 | PAANX | PIMCO All Asset | PairCorr | ||
| + | 0.85 | PASAX | ALL ASSET FUND | PairCorr | ||
| + | 0.84 | PASCX | ALL ASSET FUND | PairCorr | ||
| + | 0.77 | CARYX | COLUMBIA ADAPTIVE RISK | PairCorr | ||
| + | 0.77 | CRKRX | COLUMBIA ADAPTIVE RISK | PairCorr | ||
| + | 0.73 | MMCGX | MID CAP GROWTH | Steady Growth | PairCorr | |
| + | 0.73 | MPEGX | MID CAP GROWTH | Steady Growth | PairCorr | |
| + | 0.73 | MACGX | MID CAP GROWTH | Steady Growth | PairCorr | |
| + | 0.83 | MBIRX | Morgan Stanley Insight | Steady Growth | PairCorr | |
| + | 0.74 | CPODX | MORGAN STANLEY MULTI | Steady Growth | PairCorr | |
| + | 0.83 | MCRTX | MORGAN STANLEY MULTI | Steady Growth | PairCorr | |
| + | 0.81 | MSKLX | MID CAP GROWTH | Steady Growth | PairCorr | |
| + | 0.74 | CPOAX | MORGAN STANLEY MULTI | Steady Growth | PairCorr |
Moving against STADION Mutual Fund
Related Correlations Analysis
MBXAX | JNJ | FSMFX | MSTSX | WQTEF | KNG | JRBEX | KNF | ||
MBXAX | -0.26 | -0.84 | -0.51 | 0.0 | -0.68 | -0.66 | 0.62 | MBXAX | |
JNJ | -0.26 | 0.11 | 0.5 | 0.0 | 0.56 | 0.36 | 0.12 | JNJ | |
FSMFX | -0.84 | 0.11 | 0.62 | 0.0 | 0.75 | 0.78 | -0.57 | FSMFX | |
MSTSX | -0.51 | 0.5 | 0.62 | 0.0 | 0.87 | 0.95 | -0.34 | MSTSX | |
WQTEF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WQTEF | |
KNG | -0.68 | 0.56 | 0.75 | 0.87 | 0.0 | 0.9 | -0.36 | KNG | |
JRBEX | -0.66 | 0.36 | 0.78 | 0.95 | 0.0 | 0.9 | -0.45 | JRBEX | |
KNF | 0.62 | 0.12 | -0.57 | -0.34 | 0.0 | -0.36 | -0.45 | KNF | |
MBXAX | JNJ | FSMFX | MSTSX | WQTEF | KNG | JRBEX | KNF |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between STADION Mutual Fund performing well and STADION TACTICAL 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 STADION TACTICAL'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| MBXAX | 0.51 | 0.14 | 0.21 | (1.08) | 0.50 | 0.25 | (0.54) | 1.21 | (0.97) | 3.23 |
| JNJ | 0.81 | (0.05) | 0.00 | (0.25) | 0.00 | (0.0219) | 0.00 | 1.31 | (1.46) | 10.06 |
| FSMFX | 0.36 | (0.06) | 0.00 | (0.23) | 0.00 | (0.11) | 0.00 | 0.66 | (0.78) | 1.86 |
| MSTSX | 0.52 | (0.03) | 0.00 | (0.25) | 0.00 | (0.0118) | 0.00 | 1.18 | (1.30) | 2.75 |
| WQTEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| KNG | 0.42 | (0.04) | 0.00 | (0.08) | 0.00 | (0.07) | 0.00 | 0.82 | (1.04) | 2.41 |
| JRBEX | 0.39 | (0.04) | 0.00 | (0.30) | 0.00 | (0.0435) | 0.00 | 0.84 | (0.87) | 2.28 |
| KNF | 1.90 | 0.13 | 0.05 | 0.07 | 2.40 | 0.0493 | (2.00) | 3.47 | (4.33) | 14.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in STADION TACTICAL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
Already Invested in STADION TACTICAL DEFENSIVE?
The danger of trading STADION TACTICAL DEFENSIVE is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of STADION TACTICAL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than STADION TACTICAL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile STADION TACTICAL DEF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in STADION TACTICAL DEFENSIVE. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for STADION Mutual Fund analysis
When running STADION TACTICAL's price analysis, check to measure STADION TACTICAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy STADION TACTICAL is operating at the current time. Most of STADION TACTICAL's value examination focuses on studying past and present price action to predict the probability of STADION TACTICAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STADION TACTICAL's price. Additionally, you may evaluate how the addition of STADION TACTICAL to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| ETF Directory Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Fund Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Transaction History View history of all your transactions and understand their impact on performance |