Counterpoint Tactical Correlations

CPATX Fund

USD 11.31 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.31 (i.e., Weak 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

Modest diversification

The correlation between Counterpoint Tactical Income and DJI is 0.25 (i.e., Modest 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

0.95	CPCTX	Counterpoint Tactical	Pair Corr
0.96	CPITX	Counterpoint Tactical	Pair Corr
0.7	BSICX	Blackrock Strategic Opps	Pair Corr
0.75	BASIX	Blackrock Strategic Opps	Pair Corr
0.89	BSIIX	Blackrock Strategic	Pair Corr
0.72	BSIKX	Blackrock Strategic	Pair Corr
0.65	JSORX	Jpmorgan Strategic Income	Pair Corr
0.76	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.77	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.8	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.67	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.65	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.75	FGPMX	Franklin Gold And	Pair Corr
0.8	SGDLX	Sprott Gold Equity	Pair Corr
0.79	OGMIX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.77	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.8	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.8	IOGYX	Invesco Gold Special Steady Growth	Pair Corr
0.81	EPGFX	Europac Gold Steady Growth	Pair Corr
0.83	GLCCX	Goldman Sachs Large	Pair Corr
0.73	BSPGX	Ishares Sp 500	Pair Corr
0.86	PLMIX	Pimco Emerging Markets	Pair Corr
0.89	AVCNX	American Century Etf	Pair Corr
0.93	CITCX	American High Income	Pair Corr
0.92	SHYAX	Simt High Yield	Pair Corr
0.83	FSEIX	Nuveen Mid Cap	Pair Corr
0.87	VWELX	Vanguard Wellington	Pair Corr
0.77	FMRAX	Fidelity Managed Ret	Pair Corr
0.81	VWSTX	Vanguard Short Term	Pair Corr
0.76	AAEUX	American Century One	Pair Corr
0.87	EPASX	Ep Emerging Markets	Pair Corr

Related Correlations Analysis

	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX
CPITX		0.3	0.95	0.89	0.9	0.9	0.2	0.85	0.86	0.72	CPITX
FCFWX	0.3		0.23	0.09	0.17	0.16	0.61	0.38	0.52	-0.02	FCFWX
GDV	0.95	0.23		0.92	0.92	0.92	0.19	0.78	0.81	0.8	GDV
TPPAX	0.89	0.09	0.92		0.94	0.94	0.01	0.72	0.69	0.71	TPPAX
AMANX	0.9	0.17	0.92	0.94		1.0	0.03	0.83	0.72	0.7	AMANX
AMINX	0.9	0.16	0.92	0.94	1.0		0.02	0.83	0.72	0.7	AMINX
HCMDX	0.2	0.61	0.19	0.01	0.03	0.02		0.16	0.58	0.29	HCMDX
SHYPX	0.85	0.38	0.78	0.72	0.83	0.83	0.16		0.81	0.53	SHYPX
NASDX	0.86	0.52	0.81	0.69	0.72	0.72	0.58	0.81		0.63	NASDX
DWGFX	0.72	-0.02	0.8	0.71	0.7	0.7	0.29	0.53	0.63		DWGFX
	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.94	TPPAX
AMINX	+ 0.94	TPPAX
TPPAX	+ 0.92	GDV
AMANX	+ 0.92	GDV

High negative correlations

DWGFX

- 0.02

FCFWX

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	0.00	(0.39)	0.08	0.00	(0.14)	0.27	(0.18)	0.54
FCFWX	0.43	(0.06)	(0.10)	(0.01)	0.81	(0.45)	0.65	(0.82)	4.96
GDV	0.59	0.02	0.00	0.11	0.65	(0.63)	1.13	(1.18)	2.92
TPPAX	0.43	0.11	0.11	0.33	0.14	(0.49)	0.74	(0.64)	5.86
AMANX	0.62	0.07	0.06	0.18	0.56	(0.70)	1.26	(1.12)	6.39
AMINX	0.62	0.07	0.06	0.18	0.56	(0.70)	1.27	(1.11)	6.51
HCMDX	1.31	(0.12)	(0.03)	0.01	1.99	(1.24)	2.84	(3.01)	7.36
SHYPX	0.10	0.01	(0.43)	0.14	0.00	(0.17)	0.22	(0.11)	0.75
NASDX	0.89	0.02	0.02	0.10	1.15	(0.93)	2.19	(2.04)	6.32
DWGFX	0.65	0.02	0.00	0.12	0.71	(0.74)	1.46	(1.03)	4.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC