Counterpoint Tactical Correlations

CPATX Fund

USD 11.30 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.88 (i.e., Very poor diversification). The correlation of Counterpoint Tactical 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.

Counterpoint Tactical Correlation With Market

Poor diversification

The correlation between Counterpoint Tactical Income and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Income 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 Counterpoint Tactical Income. 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 real.

Moving together with Counterpoint Mutual Fund

0.71	BSICX	Blackrock Strategic Opps	Pair Corr
0.78	BASIX	Blackrock Strategic Opps	Pair Corr
0.93	BSIIX	Blackrock Strategic	Pair Corr
0.77	BSIKX	Blackrock Strategic	Pair Corr
0.69	JSORX	Jpmorgan Strategic Income	Pair Corr
0.85	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.84	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.77	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.69	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.66	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.88	FRDPX	Franklin Rising Dividends	Pair Corr
0.81	TWN	Taiwan Closed	Pair Corr
0.79	LTEBX	Limited Term Tax	Pair Corr
0.67	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr

Moving against Counterpoint Mutual Fund

0.68	XNBHX	Neuberger Berman Int	Pair Corr
0.63	XNXJX	Nuveen New Jersey	Pair Corr
0.47	XDSMX	Dreyfus Strategic	Pair Corr
0.46	PG	Procter Gamble	Pair Corr
0.39	T	ATT Inc	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX
CPITX		0.31	0.95	0.88	0.89	0.89	0.22	0.84	0.85	0.71	CPITX
FCFWX	0.31		0.25	0.09	0.17	0.17	0.61	0.39	0.54	-0.01	FCFWX
GDV	0.95	0.25		0.91	0.92	0.92	0.2	0.78	0.81	0.78	GDV
TPPAX	0.88	0.09	0.91		0.93	0.93	0.0	0.7	0.66	0.68	TPPAX
AMANX	0.89	0.17	0.92	0.93		1.0	0.03	0.82	0.7	0.68	AMANX
AMINX	0.89	0.17	0.92	0.93	1.0		0.02	0.82	0.7	0.68	AMINX
HCMDX	0.22	0.61	0.2	0.0	0.03	0.02		0.17	0.59	0.3	HCMDX
SHYPX	0.84	0.39	0.78	0.7	0.82	0.82	0.17		0.8	0.51	SHYPX
NASDX	0.85	0.54	0.81	0.66	0.7	0.7	0.59	0.8		0.62	NASDX
DWGFX	0.71	-0.01	0.78	0.68	0.68	0.68	0.3	0.51	0.62		DWGFX
	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX

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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

AMINX	+ 1.0	AMANX
GDV	+ 0.95	CPITX
AMANX	+ 0.93	TPPAX
AMINX	+ 0.93	TPPAX
AMANX	+ 0.92	GDV
AMINX	+ 0.92	GDV

High negative correlations

DWGFX	- 0.01	FCFWX
HCMDX	- 0.0	TPPAX

Risk-Adjusted Indicators

There is a big difference between Counterpoint Mutual Fund performing well and Counterpoint Tactical 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 Counterpoint Tactical'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
CPITX	0.11	0.02	(0.35)	0.23	0.00	(0.14)	0.27	(0.18)	0.54
FCFWX	0.42	(0.03)	(0.07)	0.02	0.79	(0.45)	0.65	(0.65)	4.96
GDV	0.56	0.07	0.06	0.19	0.53	(0.64)	1.13	(1.13)	2.92
TPPAX	0.42	0.14	0.21	0.49	0.00	(0.49)	0.74	(0.60)	5.86
AMANX	0.60	0.13	0.15	0.29	0.31	(0.71)	1.26	(1.07)	6.39
AMINX	0.60	0.13	0.15	0.29	0.31	(0.71)	1.27	(1.07)	6.51
HCMDX	1.25	(0.03)	0.00	0.05	1.68	(1.22)	2.84	(2.86)	6.93
SHYPX	0.10	0.02	(0.41)	0.29	0.00	(0.17)	0.22	(0.11)	0.75
NASDX	0.85	0.07	0.06	0.16	0.99	(0.92)	2.19	(1.93)	6.32
DWGFX	0.62	0.09	0.08	0.23	0.43	(0.75)	1.46	(1.00)	3.01

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