Center Coast Correlations

CCCAX Fund

USD 6.84 0.12 1.79%

The current 90-days correlation between Center St Mlp and Victory Cemp Market is -0.04 (i.e., Good diversification). The correlation of Center Coast 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.

Center Coast Correlation With Market

Modest diversification

The correlation between Center St Mlp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Center St Mlp 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 Center St Mlp. 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 nation.

Moving together with Center Mutual Fund

1.0	CCCCX	Center St Mlp	Pair Corr
0.98	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.99	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	GMLPX	Goldman Sachs Mlp	Pair Corr
0.98	GLPIX	Goldman Sachs Mlp	Pair Corr
0.98	GLPRX	Goldman Sachs Mlp	Pair Corr
0.69	ASG	Liberty All Star	Pair Corr
0.79	CII	Blackrock Enhanced	Pair Corr
0.8	ETV	Eaton Vance Tax	Pair Corr
0.87	CLM	Cornerstone Strategic	Pair Corr
0.7	CRF	Cornerstone Strategic	Pair Corr
0.8	ETY	Eaton Vance Tax	Pair Corr
0.79	NFJ	Virtus Dividend Interest	Pair Corr
0.75	GGNPX	Goldman Sachs High	Pair Corr
0.61	VCMDX	Vanguard Commodity	Pair Corr
0.61	RYANX	Nova Fund Class	Pair Corr
0.73	RA	Brookfield Real Assets	Pair Corr
0.63	INCLX	Transamerica High Yield	Pair Corr

Moving against Center Mutual Fund

0.33	BLRAX	Brookfield Global Listed	Pair Corr
0.44	FRCNX	Fidelity Freedom Blend	Pair Corr
0.41	IFN	India Closed	Pair Corr

Related Correlations Analysis

	CBHIX	ANGCX	RYDCX	BXDCX	RYVYX	QNZIX	IHIAX	LOTCX
CBHIX		0.13	-0.36	0.66	-0.2	0.65	-0.09	0.59	CBHIX
ANGCX	0.13		0.31	0.66	0.51	0.54	0.73	0.41	ANGCX
RYDCX	-0.36	0.31		0.05	0.69	0.06	0.59	0.04	RYDCX
BXDCX	0.66	0.66	0.05		0.25	0.83	0.47	0.75	BXDCX
RYVYX	-0.2	0.51	0.69	0.25		0.37	0.69	0.38	RYVYX
QNZIX	0.65	0.54	0.06	0.83	0.37		0.43	0.9	QNZIX
IHIAX	-0.09	0.73	0.59	0.47	0.69	0.43		0.3	IHIAX
LOTCX	0.59	0.41	0.04	0.75	0.38	0.9	0.3		LOTCX
	CBHIX	ANGCX	RYDCX	BXDCX	RYVYX	QNZIX	IHIAX	LOTCX

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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

LOTCX	+ 0.9	QNZIX
QNZIX	+ 0.83	BXDCX
LOTCX	+ 0.75	BXDCX
IHIAX	+ 0.73	ANGCX
RYVYX	+ 0.69	RYDCX
IHIAX	+ 0.69	RYVYX

High negative correlations

RYDCX	- 0.36	CBHIX
RYVYX	- 0.2	CBHIX
IHIAX	- 0.09	CBHIX

Risk-Adjusted Indicators

There is a big difference between Center Mutual Fund performing well and Center Coast 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 Center Coast'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
CBHIX	0.19	0.00	(0.35)	(0.03)	0.17	(0.24)	0.36	(0.36)	1.30
ANGCX	0.11	0.00	(0.54)	(0.07)	0.05	(0.21)	0.35	(0.24)	0.94
RYDCX	1.08	0.02	0.00	0.12	1.42	(1.14)	2.44	(1.76)	12.01
BXDCX	0.08	0.01	(0.69)	(0.34)	0.00	(0.17)	0.33	(0.11)	0.54
RYVYX	1.89	0.04	0.00	0.17	2.72	(1.93)	3.33	(4.92)	12.68
QNZIX	0.60	0.09	0.00	2.34	0.77	(0.60)	1.08	(1.13)	4.49
IHIAX	0.19	0.01	(0.26)	0.31	0.12	(0.25)	0.39	(0.39)	1.55
LOTCX	0.52	0.05	(0.06)	(0.50)	0.66	(0.57)	0.79	(1.28)	3.77

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