Counterpoint Tactical Correlations

CPCTX Fund

USD 11.23 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.08 (i.e., Significant 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 0.93 (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 population.

Moving together with Counterpoint Mutual Fund

1.0	CPATX	Counterpoint Tactical	Pair Corr
0.87	CPAEX	Counterpoint Tactical	Pair Corr
0.89	CPCEX	Counterpoint Tactical	Pair Corr
0.9	CPIEX	Counterpoint Tactical	Pair Corr
0.98	CPITX	Counterpoint Tactical	Pair Corr
0.83	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.86	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.84	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.68	MGGYX	Mirova Global Green	Pair Corr
0.83	HLDIX	Hartford Emerging	Pair Corr
0.83	HLDRX	Hartford Emerging	Pair Corr
0.83	HLDAX	Hartford Emerging	Pair Corr
0.83	HLDCX	Hartford Emerging	Pair Corr
0.93	WMKTX	Wesmark Tactical Opp	Pair Corr
0.9	CUBCX	Calvert Unconstrained	Pair Corr
0.9	MLLHX	Mfs Lifetime Income	Pair Corr
0.84	DGAGX	Dreyfus Appreciation	Pair Corr
0.91	RADTX	American Funds 2025	Pair Corr
0.9	USRAX	Horizon Defensive Equity	Pair Corr
0.96	PFJAX	Putnam High Yield	Pair Corr
0.93	FLTFX	Franklin Lifesmart 2055	Pair Corr
0.82	PFPNX	Pimco Capital Sec	Pair Corr
0.79	SVXAX	Smead Funds Trust	Pair Corr
0.93	RNPAX	New Perspective	Pair Corr

Related Correlations Analysis

	TMNIX	TMNCX	TMNAX	CPATX	CPAEX	CPCEX	CPIEX	CPITX
TMNIX		0.94	0.97	0.62	0.58	0.57	0.58	0.62	TMNIX
TMNCX	0.94		0.98	0.49	0.47	0.45	0.46	0.49	TMNCX
TMNAX	0.97	0.98		0.55	0.52	0.5	0.52	0.55	TMNAX
CPATX	0.62	0.49	0.55		0.88	0.9	0.9	0.98	CPATX
CPAEX	0.58	0.47	0.52	0.88		0.92	0.92	0.84	CPAEX
CPCEX	0.57	0.45	0.5	0.9	0.92		1.0	0.89	CPCEX
CPIEX	0.58	0.46	0.52	0.9	0.92	1.0		0.9	CPIEX
CPITX	0.62	0.49	0.55	0.98	0.84	0.89	0.9		CPITX
	TMNIX	TMNCX	TMNAX	CPATX	CPAEX	CPCEX	CPIEX	CPITX

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
TMNIX	0.08	0.01	(0.27)	0.53	0.00	(0.11)	0.19	(0.09)	0.75
TMNCX	0.08	0.00	(0.35)	(0.57)	0.00	(0.12)	0.19	(0.10)	0.67
TMNAX	0.08	0.00	(0.33)	0.00	0.00	(0.12)	0.19	(0.09)	0.75
CPATX	0.10	0.02	(0.46)	1.76	0.00	(0.13)	0.18	(0.09)	0.53
CPAEX	0.52	0.03	(0.05)	14.70	0.69	(0.54)	1.05	(1.21)	3.70
CPCEX	0.52	0.00	(0.04)	0.08	0.66	(0.54)	1.07	(1.15)	3.75
CPIEX	0.52	0.01	(0.03)	0.09	0.66	(0.55)	1.06	(1.13)	3.66
CPITX	0.08	0.01	(0.48)	0.21	0.00	(0.12)	0.18	(0.09)	0.45

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Counterpoint Tactical Correlations

Counterpoint Tactical Correlation With Market

Almost no diversification

Moving together with Counterpoint Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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