Spirit Of Correlations

SOAAX Fund

USD 9.39 0.07 0.75%

The current 90-days correlation between Spirit Of America and Realty Income is -0.02 (i.e., Good diversification). The correlation of Spirit Of 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.

Spirit Of Correlation With Market

Weak diversification

The correlation between Spirit Of America and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spirit Of America and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Of America. 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 Spirit Mutual Fund

0.65	HR	Healthcare Realty Trust	Pair Corr
0.65	KW	Kennedy Wilson Holdings	Pair Corr
0.63	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.8	VICI	VICI Properties	Pair Corr
0.64	ELME	Elme Communities	Pair Corr
0.81	EPRT	Essential Properties	Pair Corr

Moving against Spirit Mutual Fund

0.35

Belpointe PREP LLC

Pair Corr

Related Correlations Analysis

	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE
O		-0.54	0.9	0.14	0.12	-0.76	-0.61	-0.25	-0.01	-0.53	O
DX	-0.54		-0.38	0.44	0.29	0.78	0.68	0.24	0.45	0.45	DX
FR	0.9	-0.38		0.3	0.28	-0.6	-0.34	-0.34	0.29	-0.39	FR
HR	0.14	0.44	0.3		0.66	0.14	0.41	0.2	0.45	0.32	HR
KW	0.12	0.29	0.28	0.66		-0.06	0.37	0.23	0.17	0.56	KW
OZ	-0.76	0.78	-0.6	0.14	-0.06		0.72	0.27	0.47	0.23	OZ
PK	-0.61	0.68	-0.34	0.41	0.37	0.72		0.43	0.52	0.45	PK
PW	-0.25	0.24	-0.34	0.2	0.23	0.27	0.43		-0.07	0.18	PW
RC	-0.01	0.45	0.29	0.45	0.17	0.47	0.52	-0.07		-0.15	RC
UE	-0.53	0.45	-0.39	0.32	0.56	0.23	0.45	0.18	-0.15		UE
	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE

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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

FR	+ 0.9	O
OZ	+ 0.78	DX
PK	+ 0.72	OZ
PK	+ 0.68	DX
KW	+ 0.66	HR
UE	+ 0.56	KW

High negative correlations

OZ	- 0.76	O
PK	- 0.61	O
OZ	- 0.6	FR
DX	- 0.54	O
UE	- 0.53	O
UE	- 0.39	FR

Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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
O	0.85	(0.21)	0.00	5.15	0.00	0.00	1.37	(1.99)	5.17
DX	0.75	(0.01)	(0.03)	(0.02)	1.08	(0.69)	1.13	(1.75)	3.83
FR	0.89	(0.14)	0.00	(1.32)	0.00	0.00	1.52	(1.72)	6.12
HR	1.25	(0.06)	0.00	(0.97)	0.00	0.00	2.01	(2.71)	9.00
KW	1.46	(0.09)	0.00	(1.47)	0.00	0.00	2.49	(3.10)	9.72
OZ	1.26	0.12	0.05	(0.84)	1.62	(1.51)	2.91	(2.65)	9.46
PK	1.24	(0.05)	0.00	(0.16)	0.00	0.00	2.85	(2.71)	12.02
PW	8.40	1.03	0.13	0.29	7.86	(11.84)	15.00	(13.84)	119.44
RC	1.26	(0.09)	0.00	5.98	0.00	0.00	2.42	(3.17)	8.92
UE	0.89	0.02	0.00	0.19	1.21	(0.88)	1.73	(1.72)	6.40

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