Stadion Tactical Correlations
| ETFWX Fund | USD 17.73 0.10 0.57% |
The correlation of Stadion Tactical 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 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.
Very poor diversification
The correlation between Stadion Tactical Defensive and NYA is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stadion Tactical Defensive and NYA in the same portfolio, assuming nothing else is changed.
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
| 0.98 | ETFAX | Stadion Tactical Growth | PairCorr |
| 1.0 | ETFRX | Stadion Tactical Def | PairCorr |
| 0.98 | ETFOX | Stadion Tactical Growth | PairCorr |
| 0.98 | ETFCX | Stadion Tactical Growth | PairCorr |
| 0.89 | PAALX | All Asset Fund | PairCorr |
| 0.88 | PATRX | Pimco All Asset | PairCorr |
| 0.9 | PAAIX | All Asset Fund | PairCorr |
| 0.9 | PALPX | Pimco All Asset | PairCorr |
| 0.89 | PASAX | All Asset Fund | PairCorr |
| 0.87 | PASCX | All Asset Fund | PairCorr |
| 0.9 | PAANX | Pimco All Asset | PairCorr |
| 0.62 | PAUPX | Pimco All Asset | PairCorr |
| 0.61 | PAUIX | Pimco All Asset | PairCorr |
| 0.94 | ABRIX | Invesco Balanced Risk | PairCorr |
| 0.99 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.99 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.99 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.99 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.99 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.99 | VITSX | Vanguard Total Stock | PairCorr |
Related Correlations Analysis
| 0.95 | 0.94 | 0.97 | 0.99 | 0.94 | LMUSX | ||
| 0.95 | 0.83 | 0.97 | 0.98 | 0.93 | BBLIX | ||
| 0.94 | 0.83 | 0.88 | 0.9 | 0.92 | JAAIX | ||
| 0.97 | 0.97 | 0.88 | 0.99 | 0.95 | TWSAX | ||
| 0.99 | 0.98 | 0.9 | 0.99 | 0.95 | DFELX | ||
| 0.94 | 0.93 | 0.92 | 0.95 | 0.95 | MSTSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LMUSX | 0.60 | 0.01 | 0.01 | 0.09 | 0.67 | 1.25 | 4.93 | |||
| BBLIX | 0.48 | (0.02) | (0.04) | 0.06 | 0.61 | 1.00 | 3.13 | |||
| JAAIX | 0.15 | 0.03 | (0.18) | (1.67) | 0.04 | 0.33 | 1.23 | |||
| TWSAX | 0.44 | (0.03) | (0.06) | 0.05 | 0.50 | 0.90 | 2.52 | |||
| DFELX | 0.58 | (0.01) | (0.01) | 0.07 | 0.61 | 1.12 | 3.56 | |||
| MSTSX | 0.45 | 0.05 | (0.04) | 8.45 | 0.61 | 0.98 | 3.20 |
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 FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| 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 Sharpe 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 housing. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.