Six Circles Correlations

CBTAX Fund

USD 9.92 0.01 0.10%

The current 90-days correlation between Six Circles Tax and Six Circles Ultra is 0.05 (i.e., Significant diversification). The correlation of Six Circles 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.

Six Circles Correlation With Market

Very good diversification

The correlation between Six Circles Tax and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Tax and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Six Circles Tax. 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 nation.

Moving together with Six Mutual Fund

0.8	CGLBX	Six Circles Global	Pair Corr
0.97	VWITX	Vanguard Intermediate-ter	Pair Corr
0.87	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.98	AFTEX	Tax Exempt Bond	Pair Corr
0.98	AFTFX	Tax Exempt Bond	Pair Corr
0.98	TEBCX	Tax Exempt Bond	Pair Corr
0.98	TEAFX	Tax Exempt Bond	Pair Corr
0.98	TFEBX	Tax Exempt Bond	Pair Corr
0.95	FLTMX	Fidelity Intermediate	Pair Corr
0.96	MDNLX	Blackrock National	Pair Corr
0.95	MFNLX	Blackrock Natl Muni	Pair Corr
0.96	PATFX	T Rowe Price	Pair Corr
0.78	NVG	Nuveen Amt Free	Pair Corr
0.8	LNCAX	Ladenburg Income Fun	Pair Corr

Related Correlations Analysis

	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CBTAX
CUSDX		0.94	0.88	-0.36	-0.78	0.88	-0.74	0.78	-0.17	CUSDX
CUTAX	0.94		0.83	-0.21	-0.74	0.85	-0.7	0.81	0.0	CUTAX
CUSUX	0.88	0.83		-0.22	-0.66	0.96	-0.61	0.76	-0.04	CUSUX
CGLBX	-0.36	-0.21	-0.22		0.34	-0.21	0.33	-0.04	0.8	CGLBX
CIUEX	-0.78	-0.74	-0.66	0.34		-0.62	1.0	-0.4	0.26	CIUEX
CMEUX	0.88	0.85	0.96	-0.21	-0.62		-0.57	0.75	-0.04	CMEUX
CMIUX	-0.74	-0.7	-0.61	0.33	1.0	-0.57		-0.34	0.28	CMIUX
CRDOX	0.78	0.81	0.76	-0.04	-0.4	0.75	-0.34		0.26	CRDOX
CBTAX	-0.17	0.0	-0.04	0.8	0.26	-0.04	0.28	0.26		CBTAX
	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CBTAX

Click cells to compare fundamentals

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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

CMIUX	+ 1.0	CIUEX
CMEUX	+ 0.96	CUSUX
CUTAX	+ 0.94	CUSDX
CUSUX	+ 0.88	CUSDX
CMEUX	+ 0.88	CUSDX
CMEUX	+ 0.85	CUTAX

High negative correlations

CIUEX	- 0.78	CUSDX
CIUEX	- 0.74	CUTAX
CMIUX	- 0.74	CUSDX
CMIUX	- 0.7	CUTAX
CIUEX	- 0.66	CUSUX
CMEUX	- 0.62	CIUEX

Risk-Adjusted Indicators

There is a big difference between Six Mutual Fund performing well and Six Circles 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 Six Circles' 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
CUSDX	0.04	0.00	0.00	1.57	0.00	0.00	0.10	0.00	0.50
CUTAX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.30
CUSUX	0.55	0.12	0.03	(37.72)	0.61	(0.60)	1.13	(1.38)	3.77
CGLBX	0.18	0.01	(0.45)	1.10	0.10	(0.24)	0.35	(0.35)	0.93
CIUEX	0.73	(0.16)	0.00	(0.29)	0.00	0.00	1.26	(1.94)	4.84
CMEUX	0.54	0.03	0.00	0.14	0.68	(0.61)	1.23	(1.56)	3.73
CMIUX	0.71	(0.14)	0.00	(0.24)	0.00	0.00	1.35	(1.90)	4.53
CRDOX	0.11	0.00	(0.37)	0.00	0.08	(0.17)	0.23	(0.22)	1.11
CBTAX	0.14	0.02	(0.27)	(0.11)	0.17	(0.19)	0.30	(0.30)	1.43

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