Idx Risk-managed Correlations

BTIDX Fund

USD 9.64 0.05 0.52%

The current 90-days correlation between Idx Risk Managed and Health Care Ultrasector is -0.13 (i.e., Good diversification). The correlation of Idx Risk-managed 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.

Idx Risk-managed Correlation With Market

Good diversification

The correlation between Idx Risk Managed Bitcoin and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Idx Risk Managed Bitcoin 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 Idx Risk Managed Bitcoin. 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 unemployment.

Moving together with Idx Mutual Fund

0.99	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.99	BTCYX	Cboe Vest Bitcoin	Pair Corr
0.99	BTCLX	Cboe Vest Bitcoin	Pair Corr
0.95	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.73	GSFRX	Goldman Sachs High	Pair Corr
0.72	VWENX	Vanguard Wellington	Pair Corr
0.76	ZGFIX	Investec Global Franchise	Pair Corr
0.66	JDHCX	Janus Henderson High	Pair Corr
0.64	CRF	Cornerstone Strategic	Pair Corr
0.71	DGVYX	Davis Government Bond	Pair Corr
0.8	TRMZX	T Rowe Price	Pair Corr
0.65	CARRX	Columbia Adaptive Risk	Pair Corr
0.76	TFBCX	American Beacon Twen	Pair Corr
0.75	OEICX	Jpmorgan Equity Index	Pair Corr
0.87	MWCBX	Metropolitan West Porate	Pair Corr
0.7	GAB	Gabelli Equity Trust	Pair Corr
0.86	PHYSX	Pia High Yield	Pair Corr

Moving against Idx Mutual Fund

0.31

SMPSX

Semiconductor Ultrasector

Pair Corr

Related Correlations Analysis

	HCPIX	GTHCX	HGHYX	HIAHX	HHCZX	AHSCX	XXGRX	RYHCX
HCPIX		0.86	0.9	0.98	0.63	0.78	0.92	0.95	HCPIX
GTHCX	0.86		0.95	0.86	0.4	0.87	0.93	0.78	GTHCX
HGHYX	0.9	0.95		0.91	0.38	0.86	0.96	0.79	HGHYX
HIAHX	0.98	0.86	0.91		0.58	0.81	0.93	0.94	HIAHX
HHCZX	0.63	0.4	0.38	0.58		0.47	0.51	0.78	HHCZX
AHSCX	0.78	0.87	0.86	0.81	0.47		0.9	0.8	AHSCX
XXGRX	0.92	0.93	0.96	0.93	0.51	0.9		0.86	XXGRX
RYHCX	0.95	0.78	0.79	0.94	0.78	0.8	0.86		RYHCX
	HCPIX	GTHCX	HGHYX	HIAHX	HHCZX	AHSCX	XXGRX	RYHCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Idx Mutual Fund performing well and Idx Risk-managed 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 Idx Risk-managed'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
HCPIX	0.99	(0.09)	0.00	(0.08)	0.00	0.00	1.87	(2.01)	4.24
GTHCX	0.81	(0.19)	0.00	(0.28)	0.00	0.00	1.09	(1.72)	10.87
HGHYX	0.76	(0.14)	0.00	(3.27)	0.00	0.00	1.21	(1.70)	6.19
HIAHX	0.70	(0.08)	0.00	(0.10)	0.00	0.00	1.39	(1.62)	3.59
HHCZX	0.14	0.01	(0.38)	0.16	0.03	(0.20)	0.30	(0.24)	1.15
AHSCX	0.61	(0.03)	0.00	(0.80)	0.00	0.00	1.01	(1.39)	4.11
XXGRX	0.73	(0.09)	0.00	(0.33)	0.00	0.00	1.23	(1.62)	3.71
RYHCX	0.64	(0.02)	(0.08)	0.02	0.92	(0.61)	1.20	(1.31)	3.51

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