Braddock Multi-strategy Correlations

BDKCX Fund

USD 6.61 0.02 0.30%

The current 90-days correlation between Braddock Multi Strategy and Robinson Opportunistic Income is 0.22 (i.e., Modest 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

Very weak diversification

The correlation between Braddock Multi Strategy Income and DJI is 0.42 (i.e., Very weak 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 services.

Moving together with Braddock Mutual Fund

0.79	BDKAX	Braddock Multi Strategy	Pair Corr
0.66	PIPNX	Pimco Income	Pair Corr
0.67	PONAX	Pimco Income	Pair Corr
0.66	PONPX	Pimco Incme Fund	Pair Corr
0.66	PIINX	Pimco Income	Pair Corr
0.66	PIMIX	Pimco Income	Pair Corr
0.61	FSTAX	Fidelity Advisor Str	Pair Corr
0.61	FSRIX	Fidelity Advisor Str	Pair Corr
0.71	GAAKX	Gmo Alternative Allo	Pair Corr
0.63	GCFRX	Nationwide Investor	Pair Corr
0.63	VCIEX	International Equities	Pair Corr
0.69	MEIMX	Maine Municipal	Pair Corr

Related Correlations Analysis

	ROBCX	ROBNX	RBNAX	RBNCX	RBNNX
ROBCX		1.0	0.81	0.77	0.8	ROBCX
ROBNX	1.0		0.81	0.77	0.8	ROBNX
RBNAX	0.81	0.81		0.95	0.95	RBNAX
RBNCX	0.77	0.77	0.95		1.0	RBNCX
RBNNX	0.8	0.8	0.95	1.0		RBNNX
	ROBCX	ROBNX	RBNAX	RBNCX	RBNNX

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
ROBCX	0.18	0.03	(0.01)	(3.13)	0.00	(0.25)	0.46	(0.34)	1.15
ROBNX	0.18	0.04	0.00	(1.29)	0.00	(0.24)	0.46	(0.34)	1.15
RBNAX	0.22	0.01	(0.10)	0.28	0.21	(0.26)	0.38	(0.38)	1.14
RBNCX	0.23	0.00	(0.11)	(0.03)	0.26	(0.24)	0.47	(0.48)	1.24
RBNNX	0.23	0.01	(0.10)	(0.11)	0.22	(0.27)	0.38	(0.47)	1.05

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Braddock Multi-strategy Correlations

Braddock Multi-strategy Correlation With Market

Very weak diversification

Moving together with Braddock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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