Counterpoint Tactical Correlations

CPATX Fund

USD 11.32 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and American Funds Developing is 0.18 (i.e., Average 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

Almost no diversification

The correlation between Counterpoint Tactical Income and DJI is 0.94 (i.e., Almost no 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 persons.

Moving together with Counterpoint Mutual Fund

0.62	TMNIX	Counterpoint Tactical	Pair Corr
0.88	CPAEX	Counterpoint Tactical	Pair Corr
1.0	CPCTX	Counterpoint Tactical	Pair Corr
0.9	CPCEX	Counterpoint Tactical	Pair Corr
0.9	CPIEX	Counterpoint Tactical	Pair Corr
0.98	CPITX	Counterpoint Tactical	Pair Corr
0.93	BSICX	Blackrock Strategic Opps	Pair Corr
0.93	BASIX	Blackrock Strategic Opps	Pair Corr
0.91	BSIIX	Blackrock Strategic	Pair Corr
0.93	BSIKX	Blackrock Strategic	Pair Corr
0.86	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.9	JSORX	Jpmorgan Strategic Income	Pair Corr
0.88	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.86	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.89	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.92	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.72	MGGYX	Mirova Global Green	Pair Corr
0.86	HLDIX	Hartford Emerging	Pair Corr
0.86	HLDRX	Hartford Emerging	Pair Corr
0.84	HLDAX	Hartford Emerging	Pair Corr
0.85	HLDCX	Hartford Emerging	Pair Corr
0.85	HLDTX	Hartford Emerging	Pair Corr
0.94	WMKTX	Wesmark Tactical Opp	Pair Corr
0.92	CUBCX	Calvert Unconstrained	Pair Corr
0.92	MLLHX	Mfs Lifetime Income	Pair Corr
0.84	DGAGX	Dreyfus Appreciation	Pair Corr
0.93	RADTX	American Funds 2025	Pair Corr
0.91	USRAX	Horizon Defensive Equity	Pair Corr
0.97	PFJAX	Putnam High Yield	Pair Corr
0.94	FLTFX	Franklin Lifesmart 2055	Pair Corr
0.85	PFPNX	Pimco Capital Sec	Pair Corr
0.82	SVXAX	Smead Funds Trust	Pair Corr
0.92	RNPAX	New Perspective	Pair Corr

Related Correlations Analysis

	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX
CPITX		0.94	0.93	0.94	0.78	0.92	0.21	0.91	0.64	0.85	CPITX
FCFWX	0.94		0.99	0.91	0.93	0.95	0.03	0.97	0.47	0.96	FCFWX
GDV	0.93	0.99		0.93	0.92	0.97	-0.04	0.97	0.41	0.96	GDV
TPPAX	0.94	0.91	0.93		0.75	0.96	0.06	0.89	0.48	0.86	TPPAX
AMANX	0.78	0.93	0.92	0.75		0.89	-0.15	0.9	0.27	0.91	AMANX
AMINX	0.92	0.95	0.97	0.96	0.89		-0.04	0.92	0.39	0.92	AMINX
HCMDX	0.21	0.03	-0.04	0.06	-0.15	-0.04		-0.07	0.84	-0.11	HCMDX
SHYPX	0.91	0.97	0.97	0.89	0.9	0.92	-0.07		0.4	0.97	SHYPX
NASDX	0.64	0.47	0.41	0.48	0.27	0.39	0.84	0.4		0.31	NASDX
DWGFX	0.85	0.96	0.96	0.86	0.91	0.92	-0.11	0.97	0.31		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

GDV	+ 0.99	FCFWX
SHYPX	+ 0.97	FCFWX
AMINX	+ 0.97	GDV
SHYPX	+ 0.97	GDV
DWGFX	+ 0.97	SHYPX
DWGFX	+ 0.96	FCFWX

High negative correlations

HCMDX	- 0.15	AMANX
DWGFX	- 0.11	HCMDX
SHYPX	- 0.07	HCMDX
HCMDX	- 0.04	AMINX
HCMDX	- 0.04	GDV

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	0.08	0.01	(0.48)	0.21	0.00	(0.12)	0.18	(0.09)	0.45
FCFWX	0.34	0.06	0.04	0.19	0.21	(0.40)	0.68	(0.64)	1.97
GDV	0.50	0.09	0.09	0.21	0.45	(0.55)	1.07	(1.18)	2.65
TPPAX	0.41	0.15	0.20	0.44	0.00	(0.49)	0.74	(0.70)	6.56
AMANX	0.57	0.03	0.01	0.11	0.63	(0.61)	1.31	(1.27)	3.56
AMINX	0.65	0.11	0.12	0.22	0.53	(0.76)	1.32	(1.26)	7.66
HCMDX	1.14	(0.12)	0.00	(0.02)	0.00	0.00	2.05	(2.82)	7.37
SHYPX	0.08	0.03	(0.39)	2.29	0.00	(0.16)	0.21	(0.11)	0.75
NASDX	0.81	(0.01)	(0.02)	0.06	1.10	(0.80)	1.49	(1.93)	6.55
DWGFX	0.61	0.15	0.17	0.36	0.36	(0.72)	1.68	(1.03)	3.72

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