Braddock Multi Correlations

BDKCX Fund

USD 6.55 0.04 0.61%

The current 90-days correlation between Braddock Multi Strategy and Transamerica Mlp Energy is 0.06 (i.e., Significant 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 -0.11 (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 manufacturing.

Moving together with Braddock Mutual Fund

0.98	BDKNX	Braddock Multi Strategy	Pair Corr
0.97	BDKAX	Braddock Multi Strategy	Pair Corr
0.65	PONAX	Pimco Income	Pair Corr
0.65	PONCX	Pimco Income	Pair Corr
0.65	PIPNX	Pimco Income	Pair Corr
0.66	PONRX	Pimco Income	Pair Corr
0.65	PONPX	Pimco Incme Fund	Pair Corr
0.65	PIINX	Pimco Income	Pair Corr
0.67	FDSCX	Fidelity Stock Selector	Pair Corr
0.61	AAINX	Thrivent Opportunity	Pair Corr
0.85	FILDX	Frost Low Duration	Pair Corr
0.62	IIINX	Thrivent Opportunity	Pair Corr

Moving against Braddock Mutual Fund

0.59	RBNCX	Robinson Opportunistic	Pair Corr
0.5	RBNAX	Robinson Opportunistic	Pair Corr
0.47	RBNNX	Robinson Opportunistic	Pair Corr

Related Correlations Analysis

	TMCLX	PSPFX	ALTEX	ICBAX	XEMOX	BACCX	GRHAX	PNRCX
TMCLX		0.32	-0.42	0.3	0.93	0.51	0.41	0.38	TMCLX
PSPFX	0.32		0.27	0.87	0.43	0.43	0.78	0.95	PSPFX
ALTEX	-0.42	0.27		0.39	-0.38	-0.41	0.46	0.33	ALTEX
ICBAX	0.3	0.87	0.39		0.44	0.38	0.79	0.91	ICBAX
XEMOX	0.93	0.43	-0.38	0.44		0.61	0.42	0.5	XEMOX
BACCX	0.51	0.43	-0.41	0.38	0.61		0.19	0.5	BACCX
GRHAX	0.41	0.78	0.46	0.79	0.42	0.19		0.82	GRHAX
PNRCX	0.38	0.95	0.33	0.91	0.5	0.5	0.82		PNRCX
	TMCLX	PSPFX	ALTEX	ICBAX	XEMOX	BACCX	GRHAX	PNRCX

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

PNRCX	+ 0.95	PSPFX
XEMOX	+ 0.93	TMCLX
PNRCX	+ 0.91	ICBAX
ICBAX	+ 0.87	PSPFX
PNRCX	+ 0.82	GRHAX
GRHAX	+ 0.79	ICBAX

High negative correlations

ALTEX	- 0.42	TMCLX
BACCX	- 0.41	ALTEX
XEMOX	- 0.38	ALTEX

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
TMCLX	0.60	(0.02)	0.00	0.35	0.00	0.00	1.06	(1.39)	3.11
PSPFX	1.36	0.21	0.13	0.26	1.43	(1.55)	3.28	(3.02)	7.78
ALTEX	1.83	0.12	0.06	0.13	2.20	(1.89)	4.23	(4.62)	14.65
ICBAX	1.29	0.12	0.11	0.13	1.14	(1.58)	3.34	(1.94)	11.98
XEMOX	0.66	(0.03)	0.00	0.58	0.00	0.00	1.48	(1.72)	3.47
BACCX	0.70	0.03	(0.01)	0.12	0.83	(0.76)	1.41	(1.21)	4.05
GRHAX	1.36	0.12	0.04	0.63	1.79	(1.42)	2.64	(3.38)	7.71
PNRCX	1.12	0.10	0.07	0.14	1.45	(1.12)	2.24	(2.62)	6.77

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