Alpine Dynamic Correlations

ADAVX Fund

USD 4.88 0.01 0.20%

The current 90-days correlation between Alpine Dynamic Dividend and Goldman Sachs Large is 0.24 (i.e., Modest diversification). The correlation of Alpine Dynamic 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.

Alpine Dynamic Correlation With Market

Poor diversification

The correlation between Alpine Dynamic Dividend and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpine Dynamic Dividend 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 Alpine Dynamic Dividend. 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 population.

Moving together with ALPINE Mutual Fund

0.8	TEDRX	Franklin Mutual Global	Pair Corr
0.98	FMDRX	Franklin Mutual Global	Pair Corr
0.98	DODWX	Dodge Global Stock	Pair Corr
0.98	DOXWX	Dodge Cox Global	Pair Corr
0.93	PRAFX	T Rowe Price	Pair Corr
0.93	TRZRX	T Rowe Price	Pair Corr
0.79	TEDIX	Franklin Mutual Global	Pair Corr
0.98	MDISX	Franklin Mutual Global	Pair Corr
0.81	TEDSX	Franklin Mutual Global	Pair Corr
0.98	BEGRX	Franklin Mutual Beacon	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VTSNX	Vanguard Total Inter	Pair Corr
0.81	VTISX	Vanguard Total Inter	Pair Corr
0.82	VTPSX	Vanguard Total Inter	Pair Corr
0.81	VINIX	Vanguard Institutional	Pair Corr
0.93	SSTHX	Wells Fargo Short	Pair Corr
0.93	PTSRX	Short Term Fund	Pair Corr
0.9	ASPCX	Alger Spectra	Pair Corr
0.9	RYTLX	Telecommunications Steady Growth	Pair Corr
0.69	CAT	Caterpillar	Pair Corr

Moving against ALPINE Mutual Fund

0.5	HPQ	HP Inc Aggressive Push	Pair Corr
0.44	T	ATT Inc Earnings Call This Week	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	JAAIX	JDVNX	PLAAX	GMLVX	OWLSX	PHJEX	GSVTX
JAAIX		0.93	0.76	0.94	0.91	0.94	0.82	JAAIX
JDVNX	0.93		0.9	0.88	0.9	0.98	0.92	JDVNX
PLAAX	0.76	0.9		0.7	0.74	0.89	0.89	PLAAX
GMLVX	0.94	0.88	0.7		0.87	0.88	0.72	GMLVX
OWLSX	0.91	0.9	0.74	0.87		0.94	0.79	OWLSX
PHJEX	0.94	0.98	0.89	0.88	0.94		0.9	PHJEX
GSVTX	0.82	0.92	0.89	0.72	0.79	0.9		GSVTX
	JAAIX	JDVNX	PLAAX	GMLVX	OWLSX	PHJEX	GSVTX

Risk-Adjusted Indicators

There is a big difference between ALPINE Mutual Fund performing well and Alpine Dynamic 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 Alpine Dynamic'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
JAAIX	0.19	0.02	(0.06)	0.13	0.12	(0.21)	0.36	(0.36)	0.95
JDVNX	0.72	0.17	0.19	0.22	0.57	(0.83)	1.47	(1.28)	8.49
PLAAX	1.25	0.44	0.32	(0.85)	0.64	(1.52)	1.43	(1.92)	37.01
GMLVX	0.66	0.12	0.13	0.26	0.52	(0.83)	1.47	(1.07)	4.36
OWLSX	0.50	0.00	(0.02)	0.04	0.70	(0.50)	0.96	(1.02)	3.52
PHJEX	0.44	0.05	0.05	0.13	0.45	(0.50)	0.98	(0.88)	4.35
GSVTX	0.81	0.27	0.37	0.24	0.10	(1.00)	1.44	(1.02)	17.51

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