| ETFCX Fund | | | USD 14.78 0.14 0.96% |
The current 90-days correlation between Stadion Tactical Growth and Stadion Trilogy Alternative is 0.14 (i.e., Average diversification). 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 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.
Stadion Tactical Correlation With Market
Very poor diversification
The correlation between Stadion Tactical Growth and DJI is 0.83 (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 Growth and DJI in the same portfolio, assuming nothing else is changed.
Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Stadion Tactical Growth. 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 main economic indicators.