Crow Point Correlations
| CGHIX Fund | USD 11.18 0.08 0.71% |
The current 90-days correlation between Crow Point Defined and Prudential Emerging Markets is 0.07 (i.e., Significant diversification). The correlation of Crow Point 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.
Crow Point Correlation With Market
Poor diversification
The correlation between Crow Point Defined and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crow Point Defined and DJI in the same portfolio, assuming nothing else is changed.
Crow |
Moving together with Crow Mutual Fund
| 0.85 | AIIFX | Timber Point Alternative | PairCorr |
| 0.87 | PAALX | All Asset Fund | PairCorr |
| 0.87 | PATRX | Pimco All Asset | PairCorr |
| 0.89 | PASAX | All Asset Fund | PairCorr |
| 0.86 | PAUPX | Pimco All Asset | PairCorr |
| 0.86 | PAUIX | Pimco All Asset | PairCorr |
| 0.82 | WARRX | Wells Fargo Advantage | PairCorr |
| 0.76 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.86 | RSNRX | Victory Global Natural Steady Growth | PairCorr |
| 0.86 | RSNYX | Victory Global Natural Steady Growth | PairCorr |
| 0.65 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.66 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.86 | RGNCX | Victory Global Natural Steady Growth | PairCorr |
| 0.66 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.84 | FIKGX | Fidelity Advisor Sem | PairCorr |
| 0.87 | FSELX | Fidelity Select Semi | PairCorr |
| 0.81 | DEVIX | Delaware Small Cap | PairCorr |
| 0.87 | VQSRX | Virtus Kar Small | PairCorr |
| 0.93 | CSVYX | Columbia Small Cap | PairCorr |
| 0.7 | FGODX | Oklahoma College Savings | PairCorr |
| 0.86 | FYMMX | Fidelity Advisor Sus | PairCorr |
| 0.97 | CAAYX | Invesco Conservative | PairCorr |
| 0.76 | DNMDX | Dunham Monthly Distr | PairCorr |
| 0.8 | PWCIX | Principal Capital | PairCorr |
| 0.74 | LRSPX | Small Cap Value | PairCorr |
| 0.8 | MNDWX | Manning Napier Diver | PairCorr |
| 0.68 | PMAQX | Midcap Fund R | PairCorr |
| 0.84 | CILGX | Clarkston Fund Insti | PairCorr |
| 0.72 | GIFCX | Guggenheim Floating Rate | PairCorr |
| 0.68 | DTDRX | Dimensional 2065 Target | PairCorr |
| 0.85 | SSEIX | Amg Southernsun Equity | PairCorr |
| 0.96 | VTTVX | Vanguard Target Reti | PairCorr |
| 0.8 | OTCAX | Mfs Mid Cap | PairCorr |
| 0.83 | BGKEX | Emerging Markets | PairCorr |
Related Correlations Analysis
| 0.97 | 0.74 | 0.76 | 0.85 | SAEMX | ||
| 0.97 | 0.79 | 0.84 | 0.88 | PCEMX | ||
| 0.74 | 0.79 | 0.89 | 0.87 | EMSLX | ||
| 0.76 | 0.84 | 0.89 | 0.9 | DEDCX | ||
| 0.85 | 0.88 | 0.87 | 0.9 | EMDQX | ||
Risk-Adjusted Indicators
There is a big difference between Crow Mutual Fund performing well and Crow Point 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 Crow Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAEMX | 0.51 | 0.13 | 0.08 | 0.76 | 0.67 | 1.07 | 3.56 | |||
| PCEMX | 0.59 | 0.18 | 0.21 | 0.42 | 0.33 | 1.60 | 3.39 | |||
| EMSLX | 0.91 | 0.35 | 0.36 | 0.62 | 0.32 | 1.40 | 19.22 | |||
| DEDCX | 0.07 | 0.01 | (0.38) | 0.24 | 0.00 | 0.13 | 0.51 | |||
| EMDQX | 0.20 | 0.03 | (0.09) | 0.36 | 0.00 | 0.41 | 1.20 |