Conquer Risk Correlations

CRTOX Fund

USD 10.36 0.10 0.96%

The current 90-days correlation between Conquer Risk Tactical and Small Cap Equity is -0.1 (i.e., Good diversification). The correlation of Conquer Risk 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.

Conquer Risk Correlation With Market

Very poor diversification

The correlation between Conquer Risk Tactical and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conquer Risk Tactical 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 Conquer Risk Tactical. 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 metropolitan statistical area.

Moving together with Conquer Mutual Fund

0.93	CRDBX	Conquer Risk Defensive	Pair Corr
0.99	CRMVX	Conquer Risk Managed	Pair Corr
0.95	CRTBX	Conquer Risk Tactical	Pair Corr
0.79	PAALX	All Asset Fund	Pair Corr
0.79	PATRX	Pimco All Asset	Pair Corr
0.79	PAAIX	All Asset Fund	Pair Corr
0.79	PALPX	Pimco All Asset	Pair Corr
0.79	PASAX	All Asset Fund	Pair Corr
0.79	PASCX	All Asset Fund	Pair Corr
0.79	PAANX	Pimco All Asset	Pair Corr
0.79	PAUPX	Pimco All Asset	Pair Corr
0.78	PAUIX	Pimco All Asset	Pair Corr
0.82	WARRX	Wells Fargo Advantage	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr
0.84	WFICCX	Wficcx	Pair Corr
0.87	NADMX	Nationwide Investor	Pair Corr
0.79	TWTIX	Intermediate Term Tax	Pair Corr
0.89	PARBX	Trowe Price Retirement	Pair Corr
0.63	RTLCX	Tax Managed Large	Pair Corr
0.86	TWSMX	Strategic Allocation	Pair Corr
0.86	VMNVX	Vanguard Global Minimum	Pair Corr
0.97	TFAGX	Tfa Alphagen Growth	Pair Corr
0.63	EGLAX	Eagle Mlp Strategy	Pair Corr
0.73	SIICX	Alphacentric Strategic	Pair Corr
0.84	VISVX	Vanguard Small Cap	Pair Corr
0.91	RNEBX	New World Fund	Pair Corr
0.87	RWBEX	Capital World Growth	Pair Corr
0.8	GCEYX	Ab Global E	Pair Corr
0.72	MLOAX	Cohen Steers Mlp	Pair Corr
0.86	AAAMX	American Century One	Pair Corr
0.87	HHHCX	Hartford Schroders	Pair Corr
0.77	HQICX	Hartford Equity	Pair Corr
0.7	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.61	WIPIX	Wells Fargo Advantage	Pair Corr
0.84	JNBZX	Jpmorgan Income Builder	Pair Corr
0.79	LGOQX	Lord Abbett Growth	Pair Corr

Related Correlations Analysis

	AUUIX	SMNIX	GMADX	APDNX	RNECX	TOIIX	GSCYX
AUUIX		-0.08	0.8	0.94	0.79	0.85	0.92	AUUIX
SMNIX	-0.08		-0.07	-0.2	-0.2	-0.01	-0.17	SMNIX
GMADX	0.8	-0.07		0.82	0.85	0.98	0.82	GMADX
APDNX	0.94	-0.2	0.82		0.88	0.87	0.89	APDNX
RNECX	0.79	-0.2	0.85	0.88		0.85	0.79	RNECX
TOIIX	0.85	-0.01	0.98	0.87	0.85		0.85	TOIIX
GSCYX	0.92	-0.17	0.82	0.89	0.79	0.85		GSCYX
	AUUIX	SMNIX	GMADX	APDNX	RNECX	TOIIX	GSCYX

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

TOIIX	+ 0.98	GMADX
APDNX	+ 0.94	AUUIX
GSCYX	+ 0.92	AUUIX
GSCYX	+ 0.89	APDNX
RNECX	+ 0.88	APDNX
TOIIX	+ 0.87	APDNX

High negative correlations

RNECX	- 0.2	SMNIX
APDNX	- 0.2	SMNIX
GSCYX	- 0.17	SMNIX
SMNIX	- 0.08	AUUIX
GMADX	- 0.07	SMNIX
TOIIX	- 0.01	SMNIX

Risk-Adjusted Indicators

There is a big difference between Conquer Mutual Fund performing well and Conquer Risk 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 Conquer Risk'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
AUUIX	0.57	0.08	0.09	0.21	0.34	(0.66)	1.12	(0.96)	8.89
SMNIX	0.47	0.00	0.00	0.12	0.00	0.00	0.86	(0.81)	3.18
GMADX	0.52	0.19	0.25	0.36	0.00	(0.65)	1.37	(0.91)	3.10
APDNX	0.67	0.21	0.12	(8.49)	0.51	(0.77)	1.38	(1.26)	6.15
RNECX	0.83	0.19	0.04	(0.55)	1.03	(0.91)	1.66	(1.68)	4.85
TOIIX	0.62	0.35	0.54	0.61	0.00	(0.82)	1.52	(0.69)	6.58
GSCYX	0.95	0.27	0.30	0.35	0.34	(1.12)	2.06	(1.42)	13.56

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