Braddock Multi Correlations

BDKAX Fund

USD 6.58 0.01 0.15%

The current 90-days correlation between Braddock Multi Strategy and Robinson Tax Advantaged is -0.25 (i.e., Very good diversification). The correlation of Braddock Multi 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 Correlation With Market

Average diversification

The correlation between Braddock Multi Strategy Income and DJI is 0.15 (i.e., Average 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

0.89	BDKNX	Braddock Multi Strategy	Pair Corr
0.98	BDKCX	Braddock Multi Strategy	Pair Corr
0.86	PONAX	Pimco Income	Pair Corr
0.86	PONCX	Pimco Income	Pair Corr
0.86	PIPNX	Pimco Income	Pair Corr
0.87	PONRX	Pimco Income	Pair Corr
0.86	PONPX	Pimco Incme Fund	Pair Corr
0.86	PIINX	Pimco Income	Pair Corr
0.86	PIMIX	Pimco Income	Pair Corr
0.62	LBNDX	Lord Abbett Bond	Pair Corr
0.64	FSRIX	Fidelity Advisor Str	Pair Corr
0.64	FSMMX	Fs Multi Strategy	Pair Corr
0.66	FQHIX	New Hampshire Hghr	Pair Corr
0.72	PCRPX	Pimco Modityrealreturn	Pair Corr
0.91	OSTCX	Jpmorgan Short Duration	Pair Corr
0.71	FVDKX	Fidelity Value Discovery	Pair Corr
0.74	ACEFX	Absolute Cef Opportu	Pair Corr
0.61	DDFAX	Delaware Floating Rate	Pair Corr

Moving against Braddock Mutual Fund

0.54	RBNAX	Robinson Opportunistic	Pair Corr
0.52	RBNCX	Robinson Opportunistic	Pair Corr
0.44	RBNNX	Robinson Opportunistic	Pair Corr

Related Correlations Analysis

	ROBAX	ROBCX	ROBNX	BDKNX	BDKAX	RBNAX	RBNCX	RBNNX
ROBAX		0.82	0.93	0.55	0.55	-0.21	-0.4	-0.3	ROBAX
ROBCX	0.82		0.92	0.4	0.49	-0.12	-0.2	-0.11	ROBCX
ROBNX	0.93	0.92		0.54	0.58	-0.23	-0.29	-0.18	ROBNX
BDKNX	0.55	0.4	0.54		0.89	-0.6	-0.59	-0.51	BDKNX
BDKAX	0.55	0.49	0.58	0.89		-0.54	-0.52	-0.44	BDKAX
RBNAX	-0.21	-0.12	-0.23	-0.6	-0.54		0.82	0.8	RBNAX
RBNCX	-0.4	-0.2	-0.29	-0.59	-0.52	0.82		0.99	RBNCX
RBNNX	-0.3	-0.11	-0.18	-0.51	-0.44	0.8	0.99		RBNNX
	ROBAX	ROBCX	ROBNX	BDKNX	BDKAX	RBNAX	RBNCX	RBNNX

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

RBNNX	+ 0.99	RBNCX
ROBNX	+ 0.93	ROBAX
ROBNX	+ 0.92	ROBCX
BDKAX	+ 0.89	BDKNX
ROBCX	+ 0.82	ROBAX
RBNCX	+ 0.82	RBNAX

High negative correlations

RBNAX	- 0.6	BDKNX
RBNCX	- 0.59	BDKNX
RBNAX	- 0.54	BDKAX
RBNCX	- 0.52	BDKAX
RBNNX	- 0.51	BDKNX
RBNNX	- 0.44	BDKAX

Risk-Adjusted Indicators

There is a big difference between Braddock Mutual Fund performing well and Braddock Multi 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'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
ROBAX	0.13	0.01	(0.26)	(0.28)	0.06	(0.19)	0.35	(0.34)	0.81
ROBCX	0.15	0.02	(0.21)	1.65	0.00	(0.21)	0.35	(0.35)	0.81
ROBNX	0.14	0.02	(0.18)	0.29	0.00	(0.22)	0.35	(0.34)	0.81
BDKNX	0.10	0.00	(0.23)	0.26	0.08	(0.19)	0.30	(0.15)	1.06
BDKAX	0.11	0.00	(0.20)	0.18	0.07	(0.19)	0.30	(0.15)	0.92
RBNAX	0.23	(0.02)	0.00	1.04	0.00	0.00	0.47	(0.57)	1.50
RBNCX	0.23	(0.03)	0.00	(0.07)	0.00	0.00	0.47	(0.66)	1.41
RBNNX	0.23	(0.03)	0.00	(0.06)	0.00	0.00	0.38	(0.57)	1.42

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