Braddock Multi-strategy Correlations

BDKCX Fund

USD 6.60 0.01 0.15%

The current 90-days correlation between Braddock Multi Strategy and Robinson Tax Advantaged is 0.26 (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

Significant diversification

The correlation between Braddock Multi Strategy Income and DJI is 0.01 (i.e., Significant 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 main economic indicators.

Moving together with BRADDOCK Mutual Fund

0.97	BDKNX	Braddock Multi Strategy	Pair Corr
0.97	BDKAX	Braddock Multi Strategy	Pair Corr
0.88	RBNAX	Robinson Opportunistic	Pair Corr
0.87	RBNCX	Robinson Opportunistic	Pair Corr
0.88	RBNNX	Robinson Opportunistic	Pair Corr
0.83	LBNDX	Lord Abbett Bond	Pair Corr
0.81	FSTAX	Fidelity Advisor Str	Pair Corr
0.82	FSRIX	Fidelity Advisor Str	Pair Corr
0.61	INDEX	Sp 500 Equal	Pair Corr
0.62	PAHHX	T Rowe Price	Pair Corr
0.64	RCILX	Alternative Credit Income	Pair Corr
0.69	THMAX	Thrivent Moderate	Pair Corr

Moving against BRADDOCK Mutual Fund

0.5	GAAGX	Gmo Alternative Allo	Pair Corr
0.49	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	ROBAX	ROBCX	ROBNX	BDKNX	BDKCX	RBNAX	RBNCX	RBNNX	REIAX
ROBAX		1.0	1.0	0.52	0.58	0.6	0.63	0.6	0.38	ROBAX
ROBCX	1.0		1.0	0.5	0.56	0.58	0.6	0.58	0.41	ROBCX
ROBNX	1.0	1.0		0.53	0.59	0.61	0.63	0.61	0.38	ROBNX
BDKNX	0.52	0.5	0.53		0.97	0.89	0.89	0.89	0.01	BDKNX
BDKCX	0.58	0.56	0.59	0.97		0.88	0.87	0.88	0.09	BDKCX
RBNAX	0.6	0.58	0.61	0.89	0.88		1.0	1.0	-0.04	RBNAX
RBNCX	0.63	0.6	0.63	0.89	0.87	1.0		1.0	-0.02	RBNCX
RBNNX	0.6	0.58	0.61	0.89	0.88	1.0	1.0		-0.05	RBNNX
REIAX	0.38	0.41	0.38	0.01	0.09	-0.04	-0.02	-0.05		REIAX
	ROBAX	ROBCX	ROBNX	BDKNX	BDKCX	RBNAX	RBNCX	RBNNX	REIAX

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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

ROBCX	+ 1.0	ROBAX
ROBNX	+ 1.0	ROBAX
ROBNX	+ 1.0	ROBCX
RBNCX	+ 1.0	RBNAX
RBNNX	+ 1.0	RBNAX
RBNNX	+ 1.0	RBNCX

High negative correlations

REIAX	- 0.05	RBNNX
REIAX	- 0.04	RBNAX
REIAX	- 0.02	RBNCX

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
ROBAX	0.27	0.00	(0.23)	0.10	0.37	(0.29)	0.66	(0.56)	1.88
ROBCX	0.27	0.00	(0.25)	0.09	0.37	(0.29)	0.67	(0.67)	1.88
ROBNX	0.28	0.00	(0.23)	0.15	0.37	(0.30)	0.67	(0.67)	1.99
BDKNX	0.10	0.02	(0.63)	(0.40)	0.00	(0.19)	0.30	(0.15)	0.76
BDKCX	0.10	0.01	(0.60)	4.28	0.00	(0.17)	0.15	(0.15)	0.61
RBNAX	0.22	0.03	(0.23)	0.37	0.00	(0.27)	0.47	(0.47)	1.22
RBNCX	0.22	0.03	(0.25)	0.33	0.03	(0.27)	0.48	(0.47)	1.24
RBNNX	0.21	0.03	(0.25)	0.35	0.00	(0.27)	0.47	(0.47)	1.15
REIAX	0.67	0.00	(0.13)	0.21	0.82	(0.74)	1.25	(1.25)	3.68

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