Q3 All Correlations

QACTX Fund

USD 10.69 0.07 0.65%

The current 90-days correlation between Q3 All Weather and Q3 All Weather Sector is -0.11 (i.e., Good diversification). The correlation of Q3 All 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.

Q3 All Correlation With Market

Good diversification

The correlation between Q3 All Weather Tactical and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q3 All Weather Tactical and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Q3 All Weather Tactical. 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 estimate.

Moving together with QACTX Mutual Fund

0.76	QAISX	Q3 All Weather	Pair Corr
0.8	QAITX	Q3 All Weather	Pair Corr
0.86	QASOX	Q3 All Season	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.78	TBDQX	Pgim Jennison Diversified	Pair Corr
0.63	RYRSX	Russell 2000 2x Steady Growth	Pair Corr
0.61	TSMLX	Tiaa Cref Lifestyle	Pair Corr
0.7	PGAIX	Pimco Global Multi	Pair Corr
0.77	BTEKX	Blackrock Technology	Pair Corr
0.61	MDLOX	Blackrock Gbl Alloc	Pair Corr
0.66	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.8	FFIDX	Fidelity Fund Fidelity	Pair Corr
0.61	MUTHX	Franklin Mutual Shares	Pair Corr
0.66	PRCCX	Putnam Convertible Incm	Pair Corr
0.74	VWENX	Vanguard Wellington	Pair Corr

Moving against QACTX Mutual Fund

0.4	PAUPX	Pimco All Asset	Pair Corr
0.38	PAUIX	Pimco All Asset	Pair Corr
0.4	HLDCX	Hartford Emerging	Pair Corr
0.38	HLDIX	Hartford Emerging	Pair Corr
0.38	HLDAX	Hartford Emerging	Pair Corr
0.38	HLDTX	Hartford Emerging	Pair Corr
0.37	HLDRX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	QACTX	QAISX	QAITX	QASOX	NBGIX	PCF	PGAIX	EQTYX	VFINX	JPYRX
QACTX		0.76	0.8	0.86	0.65	0.58	0.7	-0.29	0.75	0.65	QACTX
QAISX	0.76		0.89	0.91	0.87	0.79	0.75	-0.44	0.96	0.76	QAISX
QAITX	0.8	0.89		0.78	0.74	0.63	0.8	-0.21	0.86	0.8	QAITX
QASOX	0.86	0.91	0.78		0.83	0.77	0.69	-0.49	0.91	0.68	QASOX
NBGIX	0.65	0.87	0.74	0.83		0.79	0.72	-0.18	0.94	0.79	NBGIX
PCF	0.58	0.79	0.63	0.77	0.79		0.71	-0.28	0.86	0.73	PCF
PGAIX	0.7	0.75	0.8	0.69	0.72	0.71		0.02	0.8	0.98	PGAIX
EQTYX	-0.29	-0.44	-0.21	-0.49	-0.18	-0.28	0.02		-0.33	0.07	EQTYX
VFINX	0.75	0.96	0.86	0.91	0.94	0.86	0.8	-0.33		0.83	VFINX
JPYRX	0.65	0.76	0.8	0.68	0.79	0.73	0.98	0.07	0.83		JPYRX
	QACTX	QAISX	QAITX	QASOX	NBGIX	PCF	PGAIX	EQTYX	VFINX	JPYRX

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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

JPYRX	+ 0.98	PGAIX
VFINX	+ 0.96	QAISX
VFINX	+ 0.94	NBGIX
QASOX	+ 0.91	QAISX
VFINX	+ 0.91	QASOX
QAITX	+ 0.89	QAISX

High negative correlations

EQTYX	- 0.49	QASOX
EQTYX	- 0.44	QAISX
VFINX	- 0.33	EQTYX
EQTYX	- 0.29	QACTX
EQTYX	- 0.28	PCF
EQTYX	- 0.21	QAITX

Risk-Adjusted Indicators

There is a big difference between QACTX Mutual Fund performing well and Q3 All 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 Q3 All'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
QACTX	0.63	0.01	(0.11)	0.07	1.10	(0.58)	1.23	(1.83)	4.13
QAISX	0.38	(0.01)	(0.06)	0.10	0.61	(0.60)	1.21	(1.48)	3.90
QAITX	0.62	(0.07)	(0.08)	0.03	1.13	(0.56)	1.27	(1.83)	4.21
QASOX	0.38	0.06	(0.06)	(0.70)	0.60	(0.62)	1.21	(1.48)	3.90
NBGIX	0.83	(0.03)	0.02	0.11	0.89	(0.86)	1.80	(1.28)	6.46
PCF	0.39	0.05	(0.11)	0.51	0.34	(0.47)	0.90	(0.89)	2.10
PGAIX	0.32	(0.03)	(0.23)	0.06	0.35	(0.37)	0.74	(0.67)	2.04
EQTYX	0.43	0.00	(0.16)	0.13	0.39	(0.61)	1.11	(0.91)	2.53
VFINX	0.55	0.01	(0.02)	0.14	0.65	(0.57)	1.17	(1.31)	3.84
JPYRX	0.40	(0.02)	(0.15)	0.08	0.47	(0.44)	0.77	(1.03)	2.34

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