Braddock Multi Correlations

BDKAX Fund

USD 6.59 0.02 0.30%

The current 90-days correlation between Braddock Multi Strategy and Blackrock All Cap Energy is -0.08 (i.e., 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

Good diversification

The correlation between Braddock Multi Strategy Income and DJI is -0.01 (i.e., Good 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

0.66

MRK

Merck Company

Pair Corr

Moving against Braddock Mutual Fund

0.55	HPQ	HP Inc	Pair Corr
0.44	MSFT	Microsoft	Pair Corr
0.41	HD	Home Depot	Pair Corr

Related Correlations Analysis

	BACCX	GLPIX	GRHAX	VENAX	MLOAX	PSPFX	ICBAX
BACCX		0.77	0.29	0.96	0.78	0.48	0.45	BACCX
GLPIX	0.77		0.47	0.77	0.77	0.68	0.68	GLPIX
GRHAX	0.29	0.47		0.38	0.27	0.82	0.82	GRHAX
VENAX	0.96	0.77	0.38		0.77	0.5	0.55	VENAX
MLOAX	0.78	0.77	0.27	0.77		0.38	0.36	MLOAX
PSPFX	0.48	0.68	0.82	0.5	0.38		0.88	PSPFX
ICBAX	0.45	0.68	0.82	0.55	0.36	0.88		ICBAX
	BACCX	GLPIX	GRHAX	VENAX	MLOAX	PSPFX	ICBAX

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
BACCX	0.76	0.00	(0.04)	0.08	0.96	(0.80)	1.50	(1.25)	4.40
GLPIX	0.50	0.02	(0.07)	0.36	0.65	(0.53)	1.06	(1.49)	3.01
GRHAX	1.41	0.16	0.05	0.76	1.81	(1.48)	2.64	(3.38)	7.71
VENAX	0.98	0.02	(0.01)	0.11	1.18	(1.00)	2.06	(1.78)	5.09
MLOAX	0.76	0.05	(0.01)	0.51	0.93	(0.81)	1.53	(1.64)	3.79
PSPFX	1.33	0.15	0.09	0.22	1.44	(1.48)	3.28	(3.02)	7.78
ICBAX	1.36	0.13	0.12	0.16	1.15	(1.65)	3.34	(1.94)	11.98

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