Braddock Multi-strategy Correlations

BDKAX Fund

USD 6.58 0.01 0.15%

The current 90-days correlation between Braddock Multi Strategy and Nationwide Inflation Protected Securities is 0.72 (i.e., Poor diversification). The correlation of Braddock Multi-strategy 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.

Braddock Multi-strategy Correlation With Market

Poor diversification

The correlation between Braddock Multi Strategy Income and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braddock Multi Strategy Income 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 Braddock Multi Strategy Income. 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 Braddock Mutual Fund

0.74	ROBAX	Robinson Tax Advantaged	Pair Corr
0.71	ROBCX	Robinson Tax Advantaged	Pair Corr
0.75	ROBNX	Robinson Tax Advantaged	Pair Corr
0.82	BDKNX	Braddock Multi Strategy	Pair Corr
0.91	PONAX	Pimco Income	Pair Corr
0.91	PONCX	Pimco Income	Pair Corr
0.91	PIPNX	Pimco Income	Pair Corr
0.91	PONRX	Pimco Income	Pair Corr
0.91	PONPX	Pimco Incme Fund	Pair Corr
0.91	PIINX	Pimco Income	Pair Corr
0.91	PIMIX	Pimco Income	Pair Corr
0.83	LBNDX	Lord Abbett Bond	Pair Corr
0.77	FSTAX	Fidelity Advisor Str	Pair Corr
0.78	FSRIX	Fidelity Advisor Str	Pair Corr
0.63	PDI	Pimco Dynamic Income	Pair Corr
0.83	PAAEX	Putnam Dynamic Asset	Pair Corr
0.77	LEHAX	Blackrock Lifepath Esg	Pair Corr
0.82	NEWCX	New World Fund	Pair Corr
0.77	TWCCX	Ultra Fund C	Pair Corr
0.62	PJFQX	Prudential Jennison	Pair Corr
0.86	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	HHMAX	The Hartford Municipal	Pair Corr
0.62	WBREOX	Wilmington Trust Ret	Pair Corr
0.81	FTEIX	Fidelity Total Inter	Pair Corr
0.8	FHYEX	Fidelity Freedom Blend	Pair Corr
0.87	IKSTX	American Independence	Pair Corr
0.89	ALVDX	Large Pany Value	Pair Corr
0.79	GGZPX	Goldman Sachs Flexible	Pair Corr

Moving against Braddock Mutual Fund

0.74	TCTGX	Transamerica Cleartrack	Pair Corr
0.83	UIPIX	Ultrashort Mid Cap	Pair Corr
0.79	CESGX	Coho Relative Value	Pair Corr
0.74	TCTJX	Transamerica Cleartrack	Pair Corr
0.73	TDKTX	Cleartrack 2015 Class	Pair Corr
0.73	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	ANBIX	ABNOX	FIBLX	QCILIX	QMHIX	HIPAX	NIFAX
ANBIX		0.95	0.58	0.93	0.66	0.76	0.41	ANBIX
ABNOX	0.95		0.59	0.91	0.65	0.77	0.42	ABNOX
FIBLX	0.58	0.59		0.71	0.16	0.86	0.94	FIBLX
QCILIX	0.93	0.91	0.71		0.54	0.82	0.57	QCILIX
QMHIX	0.66	0.65	0.16	0.54		0.51	-0.01	QMHIX
HIPAX	0.76	0.77	0.86	0.82	0.51		0.78	HIPAX
NIFAX	0.41	0.42	0.94	0.57	-0.01	0.78		NIFAX
	ANBIX	ABNOX	FIBLX	QCILIX	QMHIX	HIPAX	NIFAX

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

ABNOX	+ 0.95	ANBIX
NIFAX	+ 0.94	FIBLX
QCILIX	+ 0.93	ANBIX
QCILIX	+ 0.91	ABNOX
HIPAX	+ 0.86	FIBLX
HIPAX	+ 0.82	QCILIX

High negative correlations

NIFAX

- 0.01

QMHIX

Risk-Adjusted Indicators

There is a big difference between Braddock Mutual Fund performing well and Braddock Multi-strategy 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 Braddock Multi-strategy'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
ANBIX	0.08	0.00	(0.32)	(0.18)	0.03	(0.11)	0.19	(0.10)	0.38
ABNOX	0.08	0.00	(0.29)	(0.31)	0.01	(0.11)	0.19	(0.10)	0.39
FIBLX	0.13	(0.02)	0.00	(0.29)	0.00	0.00	0.21	(0.21)	0.74
QCILIX	0.09	(0.01)	(0.26)	(0.13)	0.12	(0.09)	0.21	(0.16)	0.46
QMHIX	0.69	0.13	0.10	0.38	0.81	(0.74)	1.41	(1.33)	4.56
HIPAX	0.11	(0.01)	(0.23)	(0.10)	0.13	(0.14)	0.20	(0.20)	0.58
NIFAX	0.13	(0.02)	0.00	(0.27)	0.00	0.00	0.22	(0.22)	0.67

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC