Center Coast Correlations
| CCCZX Fund | USD 20.29 0.06 0.30% |
The current 90-days correlation between Center St Brookfield and Lord Abbett Convertible is -0.19 (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
Pay attention - limited upside
The correlation between Center St Brookfield and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Center St Brookfield and DJI in the same portfolio, assuming nothing else is changed.
CENTER |
Moving against CENTER Mutual Fund
| 0.69 | BGLCX | Brookfield Global Listed | PairCorr |
| 0.63 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.63 | OSPSX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.61 | GMLPX | Goldman Sachs Mlp | PairCorr |
| 0.61 | GLPIX | Goldman Sachs Mlp | PairCorr |
| 0.6 | GLPRX | Goldman Sachs Mlp | PairCorr |
| 0.59 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.59 | MLPZX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.59 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.58 | CCCAX | Center St Mlp | PairCorr |
| 0.58 | CCCNX | Center St Mlp | PairCorr |
| 0.58 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.57 | GRSIX | Chn Strs Insti | PairCorr |
| 0.57 | CCCCX | Center St Mlp | PairCorr |
| 0.5 | TORCX | Tortoise Mlp Pipeline | PairCorr |
| 0.9 | SEAIX | Saat Aggressive Strategy | PairCorr |
| 0.82 | FSMVX | Fidelity Mid Cap | PairCorr |
| 0.79 | MXF | Mexico Closed | PairCorr |
| 0.77 | JAMRX | Janus Research | PairCorr |
| 0.75 | LAGIX | Ladenburg Aggressive | PairCorr |
| 0.73 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.73 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.73 | IEYAX | Ivy Energy Fund | PairCorr |
| 0.73 | FHANX | Fidelity Freedom Blend | PairCorr |
| 0.71 | VTISX | Vanguard Total Inter | PairCorr |
| 0.71 | PACEX | T Rowe Price | PairCorr |
| 0.69 | CMIDX | Congress Mid Cap | PairCorr |
| 0.67 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.67 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.67 | VITSX | Vanguard Total Stock | PairCorr |
| 0.67 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.67 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.67 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.67 | VINIX | Vanguard Institutional | PairCorr |
Related Correlations Analysis
| 0.94 | 0.93 | 0.82 | 0.94 | 0.99 | NCIDX | ||
| 0.94 | 0.84 | 0.76 | 0.94 | 0.95 | PCNTX | ||
| 0.93 | 0.84 | 0.8 | 0.83 | 0.9 | PBXCX | ||
| 0.82 | 0.76 | 0.8 | 0.85 | 0.78 | XAVKX | ||
| 0.94 | 0.94 | 0.83 | 0.85 | 0.93 | GCV | ||
| 0.99 | 0.95 | 0.9 | 0.78 | 0.93 | LCFYX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCIDX | 0.74 | 0.02 | 0.01 | 0.09 | 0.87 | 1.67 | 3.81 | |||
| PCNTX | 0.76 | 0.04 | 0.03 | 0.12 | 0.86 | 1.58 | 5.73 | |||
| PBXCX | 0.32 | (0.02) | (0.13) | 0.01 | 0.39 | 0.64 | 1.80 | |||
| XAVKX | 0.59 | (0.06) | (0.09) | (0.01) | 0.75 | 1.13 | 3.76 | |||
| GCV | 0.77 | 0.03 | (0.01) | 0.14 | 0.88 | 1.99 | 4.09 | |||
| LCFYX | 0.77 | 0.03 | 0.01 | 0.11 | 0.91 | 1.95 | 3.81 |