1919 Socially Correlations

SESLX Fund

USD 31.78 0.06 0.19%

The current 90-days correlation between 1919 Socially Responsive and Rationalpier 88 Convertible is 0.71 (i.e., Poor diversification). The correlation of 1919 Socially 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.

1919 Socially Correlation With Market

Very poor diversification

The correlation between 1919 Socially Responsive and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1919 Socially Responsive 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 1919 Socially Responsive. 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 bureau of economic analysis.

Moving together with 1919 Mutual Fund

1.0	SSIAX	1919 Socially Responsive	Pair Corr
0.83	SBFAX	1919 Financial Services	Pair Corr
0.83	SFSLX	1919 Financial Services	Pair Corr
0.83	LMRIX	1919 Financial Services	Pair Corr
1.0	LMRNX	1919 Socially Responsive	Pair Corr
0.92	FBONX	American Funds American	Pair Corr
0.92	FBAFX	American Funds American	Pair Corr
0.92	ABALX	American Balanced	Pair Corr
0.92	BALCX	American Balanced	Pair Corr
0.92	BALFX	American Balanced	Pair Corr
0.92	RLBCX	American Balanced	Pair Corr
0.92	RLBBX	American Balanced	Pair Corr
0.92	CLBAX	American Balanced	Pair Corr
0.92	CLBEX	American Balanced	Pair Corr
0.92	RLBFX	American Balanced	Pair Corr
0.81	KSCYX	Kinetics Small Cap	Pair Corr
0.8	KNPAX	Kinetics Paradigm	Pair Corr
0.81	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.81	KSOCX	Kinetics Small Cap	Pair Corr
0.8	WWNPX	Kinetics Paradigm	Pair Corr
0.8	KNPCX	Kinetics Paradigm	Pair Corr
0.79	KINCX	Kinetics Internet	Pair Corr
0.79	KINAX	Kinetics Internet	Pair Corr
0.8	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.94	CII	Blackrock Enhanced	Pair Corr
0.79	BDJ	Blackrock Enhanced Equity	Pair Corr
0.92	WWLAX	Westwood Largecap Value	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.82	GAB	Gabelli Equity Trust	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against 1919 Mutual Fund

0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.54	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	PBXIX	ARBOX	CCD	LCFYX	PRCCX	AVK
PBXIX		0.93	0.36	0.97	0.99	0.53	PBXIX
ARBOX	0.93		0.4	0.9	0.95	0.32	ARBOX
CCD	0.36	0.4		0.21	0.34	-0.2	CCD
LCFYX	0.97	0.9	0.21		0.97	0.64	LCFYX
PRCCX	0.99	0.95	0.34	0.97		0.51	PRCCX
AVK	0.53	0.32	-0.2	0.64	0.51		AVK
	PBXIX	ARBOX	CCD	LCFYX	PRCCX	AVK

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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

PRCCX	+ 0.99	PBXIX
LCFYX	+ 0.97	PBXIX
PRCCX	+ 0.97	LCFYX
PRCCX	+ 0.95	ARBOX
ARBOX	+ 0.93	PBXIX
LCFYX	+ 0.9	ARBOX

High negative correlations

AVK

- 0.2

CCD

Risk-Adjusted Indicators

There is a big difference between 1919 Mutual Fund performing well and 1919 Socially 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 1919 Socially'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
PBXIX	0.31	0.04	(0.09)	0.21	0.00	(0.40)	0.87	(0.55)	1.94
ARBOX	0.04	0.02	0.00	3.13	0.00	0.00	0.09	0.00	0.26
CCD	0.75	(0.01)	(0.08)	0.11	0.90	(0.81)	1.88	(1.68)	4.88
LCFYX	0.37	0.09	0.04	0.32	0.00	(0.45)	1.01	(0.69)	2.22
PRCCX	0.38	0.07	0.01	0.26	0.16	(0.46)	0.98	(0.70)	1.94
AVK	0.65	0.04	(0.06)	0.27	0.79	(0.77)	1.43	(1.03)	5.25

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