Braddock Multi Correlations

BDKNX Fund

USD 6.57 0.01 0.15%

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 -0.04 (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 employment.

Moving together with Braddock Mutual Fund

0.67	BDKCX	Braddock Multi Strategy	Pair Corr
0.83	PONAX	Pimco Income	Pair Corr
0.83	PONCX	Pimco Income	Pair Corr
0.74	PIPNX	Pimco Income	Pair Corr
0.84	PONRX	Pimco Income	Pair Corr
0.84	PONPX	Pimco Incme Fund	Pair Corr
0.75	PIINX	Pimco Income	Pair Corr
0.76	PIMIX	Pimco Income	Pair Corr
0.81	BRUFX	Bruce Fund Bruce	Pair Corr
0.63	EMDAX	Prudential Emerging	Pair Corr
0.74	DLDCX	Dreyfus Natural Resources	Pair Corr
0.73	FDSCX	Fidelity Stock Selector	Pair Corr
0.78	AAINX	Thrivent Opportunity	Pair Corr
0.73	GLEAX	Goldman Sachs Mlp	Pair Corr
0.89	FILDX	Frost Low Duration	Pair Corr
0.61	CYBAX	Calvert High Yield	Pair Corr
0.7	VWIAX	Vanguard Wellesley Income	Pair Corr
0.77	ATPYX	Aquila Three Peaks	Pair Corr
0.65	TBFAX	Thrivent Government Bond	Pair Corr

Moving against Braddock Mutual Fund

0.51	RBNAX	Robinson Opportunistic	Pair Corr
0.46	RBNNX	Robinson Opportunistic	Pair Corr
0.45	RBNCX	Robinson Opportunistic	Pair Corr
0.38	SPGSX	State Street Premier	Pair Corr

Related Correlations Analysis

	HDIVX	HDTVX	HDQVX	ETNCX	BNY	SABA	FCT	PFCOX	FTF	HEIFX
HDIVX		0.93	1.0	0.33	-0.11	-0.35	0.8	-0.24	0.48	0.9	HDIVX
HDTVX	0.93		0.93	0.32	-0.07	-0.4	0.78	-0.22	0.43	0.9	HDTVX
HDQVX	1.0	0.93		0.33	-0.11	-0.35	0.81	-0.24	0.48	0.9	HDQVX
ETNCX	0.33	0.32	0.33		0.08	-0.58	0.15	-0.1	-0.35	0.32	ETNCX
BNY	-0.11	-0.07	-0.11	0.08		-0.18	-0.11	0.35	-0.25	-0.08	BNY
SABA	-0.35	-0.4	-0.35	-0.58	-0.18		-0.51	0.14	0.22	-0.34	SABA
FCT	0.8	0.78	0.81	0.15	-0.11	-0.51		-0.26	0.48	0.74	FCT
PFCOX	-0.24	-0.22	-0.24	-0.1	0.35	0.14	-0.26		-0.48	-0.13	PFCOX
FTF	0.48	0.43	0.48	-0.35	-0.25	0.22	0.48	-0.48		0.36	FTF
HEIFX	0.9	0.9	0.9	0.32	-0.08	-0.34	0.74	-0.13	0.36		HEIFX
	HDIVX	HDTVX	HDQVX	ETNCX	BNY	SABA	FCT	PFCOX	FTF	HEIFX

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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

HDQVX	+ 1.0	HDIVX
HDTVX	+ 0.93	HDIVX
HDQVX	+ 0.93	HDTVX
HEIFX	+ 0.9	HDIVX
HEIFX	+ 0.9	HDTVX
HEIFX	+ 0.9	HDQVX

High negative correlations

SABA	- 0.58	ETNCX
FCT	- 0.51	SABA
FTF	- 0.48	PFCOX
SABA	- 0.4	HDTVX
FTF	- 0.35	ETNCX
SABA	- 0.35	HDQVX

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
HDIVX	0.57	0.10	0.09	0.26	0.51	(0.66)	0.98	(0.90)	6.58
HDTVX	0.58	0.15	0.12	1.29	0.44	(0.69)	1.25	(0.89)	6.56
HDQVX	0.59	0.12	0.12	0.28	0.48	(0.67)	1.18	(0.84)	6.63
ETNCX	0.07	0.00	(0.40)	0.00	0.00	(0.15)	0.24	(0.12)	0.48
BNY	0.36	0.02	(0.11)	0.80	0.41	(0.39)	0.80	(0.59)	2.26
SABA	0.53	(0.11)	0.00	(0.25)	0.00	0.00	0.84	(1.17)	3.53
FCT	0.47	0.05	(0.04)	0.91	0.44	(0.57)	0.85	(0.85)	5.93
PFCOX	0.19	(0.05)	0.00	(0.53)	0.00	0.00	0.30	(0.29)	3.63
FTF	0.34	(0.02)	0.00	(0.14)	0.00	0.00	0.51	(0.83)	1.80
HEIFX	0.61	0.17	0.21	0.46	0.00	(0.87)	0.85	(0.83)	13.62

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