Braddock Multi-strategy Correlations

BDKNX Fund

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The current 90-days correlation between Braddock Multi Strategy and Robinson Opportunistic Income is 0.01 (i.e., Significant 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

Poor diversification

The correlation between Braddock Multi Strategy Income and DJI is 0.7 (i.e., Poor 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. 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 inflation.

Moving together with Braddock Mutual Fund

0.76	ROBAX	Robinson Tax Advantaged	Pair Corr
0.75	ROBCX	Robinson Tax Advantaged	Pair Corr
0.76	ROBNX	Robinson Tax Advantaged	Pair Corr
0.89	BDKAX	Braddock Multi Strategy	Pair Corr
0.64	BDKCX	Braddock Multi Strategy	Pair Corr
0.68	RBNAX	Robinson Opportunistic	Pair Corr
0.64	RBNCX	Robinson Opportunistic	Pair Corr
0.67	RBNNX	Robinson Opportunistic	Pair Corr
0.89	PONCX	Pimco Income	Pair Corr
0.91	PIPNX	Pimco Income	Pair Corr
0.89	PONAX	Pimco Income	Pair Corr
0.91	PONRX	Pimco Income	Pair Corr
0.91	PONPX	Pimco Incme Fund	Pair Corr
0.91	PIINX	Pimco Income	Pair Corr
0.91	PIMIX	Pimco Income	Pair Corr
0.85	LBNDX	Lord Abbett Bond	Pair Corr
0.86	FSTAX	Fidelity Advisor Str	Pair Corr
0.87	FSRIX	Fidelity Advisor Str	Pair Corr
0.85	GAAKX	Gmo Alternative Allo	Pair Corr
0.86	GAAGX	Gmo Alternative Allo	Pair Corr
0.84	GPMFX	Guidepath Managed Futures	Pair Corr
0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.88	PQTNX	Pimco Trends Managed	Pair Corr
0.88	PQTIX	Aa Pimco Tr	Pair Corr
0.84	WARCX	Wells Fargo Advantage	Pair Corr
0.87	GCFRX	Nationwide Investor	Pair Corr
0.89	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.83	TIOTX	Tiaa Cref International	Pair Corr
0.88	CVLEX	Cullen Value	Pair Corr
0.88	MIPIX	Matthews Asia Dividend	Pair Corr
0.87	VCIEX	International Equities	Pair Corr
0.81	INDZX	Columbia Diversified	Pair Corr
0.83	FULIX	Federated Ultrashort Bond	Pair Corr
0.86	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.82	MEIMX	Maine Municipal	Pair Corr

Related Correlations Analysis

	ROBCX	ROBNX	RBNAX	RBNCX	RBNNX
ROBCX		1.0	0.85	0.8	0.82	ROBCX
ROBNX	1.0		0.85	0.8	0.83	ROBNX
RBNAX	0.85	0.85		0.94	0.95	RBNAX
RBNCX	0.8	0.8	0.94		1.0	RBNCX
RBNNX	0.82	0.83	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	(0.28)	(0.97)	0.00	(0.26)	0.46	(0.34)	1.15
ROBNX	0.18	0.03	(0.25)	(1.88)	0.00	(0.24)	0.46	(0.34)	1.15
RBNAX	0.23	0.01	(0.28)	0.56	0.24	(0.26)	0.38	(0.38)	1.14
RBNCX	0.24	0.01	(0.27)	0.01	0.30	(0.24)	0.47	(0.58)	1.24
RBNNX	0.24	0.01	(0.27)	(0.03)	0.27	(0.27)	0.38	(0.47)	1.33

Braddock Multi-strategy Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Braddock Multi-strategy mutual fund to make a market-neutral strategy. Peer analysis of Braddock Multi-strategy could also be used in its relative valuation, which is a method of valuing Braddock Multi-strategy by comparing valuation metrics with similar companies.

Robinson Tax Advantaged Robinson Tax Advantaged Robinson Opportunistic Income Robinson Opportunistic Income Robinson Opportunistic Income American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot International Business Machines

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