Blue Current Correlations
| BCGDX Fund | USD 16.45 0.08 0.48% |
The current 90-days correlation between Blue Current Global and Tekla Healthcare Investors is -0.01 (i.e., Good diversification). The correlation of Blue Current 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.
Blue Current Correlation With Market
Very weak diversification
The correlation between Blue Current Global and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Current Global and DJI in the same portfolio, assuming nothing else is changed.
Blue |
Moving together with Blue Mutual Fund
| 0.65 | TRZRX | T Rowe Price | PairCorr |
| 0.64 | PRAFX | T Rowe Price | PairCorr |
| 0.61 | BEGRX | Franklin Mutual Beacon | PairCorr |
| 0.69 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.93 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.93 | BTMKX | Blackrock International | PairCorr |
| 0.88 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.66 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.66 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.66 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.72 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.79 | RESAX | Rbc Bluebay Emerging | PairCorr |
| 0.72 | GANPX | Goldman Sachs Short | PairCorr |
| 0.85 | AGYCX | Global Gold Fund | PairCorr |
| 0.79 | ODVNX | Oppenheimer Developing | PairCorr |
| 0.62 | BUIHX | Buffalo High Yield | PairCorr |
| 0.82 | MHCAX | Mainstay High Yield | PairCorr |
| 0.77 | IMYCX | Voya High Yield | PairCorr |
| 0.84 | BKMBX | Blackrock Systematic | PairCorr |
| 0.72 | TUNAX | Transamerica Unconstrained | PairCorr |
| 0.88 | BBTIX | Bridge Builder Tax | PairCorr |
| 0.76 | MGHYX | Deutsche Global High | PairCorr |
| 0.67 | IFBFX | Intermediate Bond | PairCorr |
| 0.7 | FTFZX | Franklin Federal Lim | PairCorr |
| 0.84 | PGBLX | Global Diversified Income | PairCorr |
Related Correlations Analysis
| 0.59 | 0.67 | 0.59 | 0.53 | 0.8 | 0.4 | XHQHX | ||
| 0.59 | 0.91 | 0.95 | 0.88 | 0.86 | 0.87 | ETHSX | ||
| 0.67 | 0.91 | 0.95 | 0.84 | 0.9 | 0.84 | PRHSX | ||
| 0.59 | 0.95 | 0.95 | 0.88 | 0.88 | 0.88 | SHSSX | ||
| 0.53 | 0.88 | 0.84 | 0.88 | 0.85 | 0.89 | PGHAX | ||
| 0.8 | 0.86 | 0.9 | 0.88 | 0.85 | 0.75 | LYFAX | ||
| 0.4 | 0.87 | 0.84 | 0.88 | 0.89 | 0.75 | LOGSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Blue Mutual Fund performing well and Blue Current 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 Blue Current'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XHQHX | 0.88 | (0.05) | 0.00 | 0.17 | 0.00 | 1.64 | 4.60 | |||
| ETHSX | 0.63 | 0.00 | 0.00 | (0.01) | 1.14 | 1.24 | 6.02 | |||
| PRHSX | 0.68 | 0.01 | 0.01 | 0.00 | 0.87 | 1.34 | 4.00 | |||
| SHSSX | 0.65 | 0.00 | 0.00 | (0.01) | 1.13 | 1.21 | 6.17 | |||
| PGHAX | 0.60 | 0.00 | 0.00 | (0.02) | 0.76 | 1.30 | 3.63 | |||
| LYFAX | 0.61 | (0.01) | 0.00 | 0.21 | 0.83 | 1.12 | 2.95 | |||
| LOGSX | 0.62 | (0.03) | 0.00 | (0.06) | 0.00 | 1.17 | 4.09 |