Bramshill Income Correlations

BRMSX Fund

USD 9.86 0.02 0.20%

The current 90-days correlation between Bramshill Income Per and Metropolitan West Total is 0.74 (i.e., Poor diversification). The correlation of Bramshill Income 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.

Bramshill Income Correlation With Market

Very weak diversification

The correlation between Bramshill Income Performance and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bramshill Income Performance 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 Bramshill Income Performance. 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 Bramshill Mutual Fund

0.79	BHILX	Bhill Managed Account	Pair Corr
0.75	BSICX	Blackrock Strategic Opps	Pair Corr
0.76	BASIX	Blackrock Strategic Opps	Pair Corr
0.79	BSIIX	Blackrock Strategic	Pair Corr
0.75	BSIKX	Blackrock Strategic	Pair Corr
0.83	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.84	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.84	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.72	JSORX	Jpmorgan Strategic Income	Pair Corr
0.7	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.72	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.79	PDI	Pimco Dynamic Income	Pair Corr
0.86	EVMBX	Eaton Vance Amt	Pair Corr
0.84	WESJX	William Blair Emerging	Pair Corr
0.85	FADMX	Fidelity Advisor Str	Pair Corr
0.81	TOLSX	Deutsche Global Infr	Pair Corr
0.95	WIBMX	Wilmington Broad Market	Pair Corr
0.71	OTIIX	T Rowe Price	Pair Corr
0.95	FSMTX	Fidelity Sai Total	Pair Corr
0.81	VAESX	Virtus Emerging Markets	Pair Corr
0.72	ATOIX	Alpine Ultra Short	Pair Corr
0.89	AAAAX	Deutsche Real Assets	Pair Corr

Moving against Bramshill Mutual Fund

0.55	TCSUX	Cleartrack 2020 Class	Pair Corr
0.54	TCTGX	Transamerica Cleartrack	Pair Corr
0.53	TDKTX	Cleartrack 2015 Class	Pair Corr
0.53	TCTJX	Transamerica Cleartrack	Pair Corr
0.73	CESGX	Coho Relative Value	Pair Corr
0.73	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	BRMSX	BHILX	SVXYX	GMOIX	WWSYX	MHYIX	TBARX	HUSIX	FRODX	MWTRX
BRMSX		0.79	0.79	0.8	0.75	0.68	0.2	0.37	0.88	0.95	BRMSX
BHILX	0.79		0.9	0.92	0.92	0.95	0.64	0.8	0.91	0.75	BHILX
SVXYX	0.79	0.9		0.97	0.91	0.89	0.55	0.74	0.97	0.76	SVXYX
GMOIX	0.8	0.92	0.97		0.93	0.92	0.63	0.78	0.97	0.77	GMOIX
WWSYX	0.75	0.92	0.91	0.93		0.92	0.58	0.84	0.93	0.72	WWSYX
MHYIX	0.68	0.95	0.89	0.92	0.92		0.73	0.88	0.87	0.65	MHYIX
TBARX	0.2	0.64	0.55	0.63	0.58	0.73		0.86	0.49	0.16	TBARX
HUSIX	0.37	0.8	0.74	0.78	0.84	0.88	0.86		0.68	0.34	HUSIX
FRODX	0.88	0.91	0.97	0.97	0.93	0.87	0.49	0.68		0.86	FRODX
MWTRX	0.95	0.75	0.76	0.77	0.72	0.65	0.16	0.34	0.86		MWTRX
	BRMSX	BHILX	SVXYX	GMOIX	WWSYX	MHYIX	TBARX	HUSIX	FRODX	MWTRX

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Risk-Adjusted Indicators

There is a big difference between Bramshill Mutual Fund performing well and Bramshill Income 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 Bramshill Income'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
BRMSX	0.17	0.01	(0.28)	0.46	0.07	(0.23)	0.41	(0.31)	1.03
BHILX	0.13	(0.01)	(0.21)	0.04	0.18	(0.17)	0.30	(0.30)	0.70
SVXYX	0.71	0.18	0.15	0.38	0.68	(0.76)	1.48	(1.39)	4.84
GMOIX	0.66	0.28	0.33	0.48	0.00	(0.78)	1.64	(0.98)	6.71
WWSYX	0.74	0.08	0.10	0.16	0.61	(0.96)	2.18	(1.32)	5.06
MHYIX	0.09	0.01	(0.22)	0.18	0.00	(0.19)	0.19	(0.19)	0.39
TBARX	0.42	0.05	0.03	0.16	0.28	(0.49)	0.77	(0.74)	5.30
HUSIX	0.85	0.06	0.06	0.13	0.98	(0.97)	2.02	(2.20)	6.10
FRODX	0.33	0.13	0.18	0.40	0.00	(0.44)	0.79	(0.56)	2.47
MWTRX	0.17	0.02	(0.29)	(0.90)	0.02	(0.22)	0.33	(0.22)	1.10

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