13d Activist Correlations

DDDCX Fund

USD 20.12 0.27 1.32%

The current 90-days correlation between 13d Activist and 13d Activist Fund is 1.0 (i.e., No risk reduction). The correlation of 13d Activist 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.

13d Activist Correlation With Market

Weak diversification

The correlation between 13d Activist Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 13d Activist Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 13d Activist Fund. 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 main economic indicators.

Moving together with 13d Mutual Fund

1.0	DDDIX	13d Activist	Pair Corr
1.0	DDDAX	13d Activist	Pair Corr
0.75	VIMAX	Vanguard Mid Cap	Pair Corr
0.68	VIMSX	Vanguard Mid Cap	Pair Corr
0.75	VMCPX	Vanguard Mid Cap	Pair Corr
0.75	VMCIX	Vanguard Mid Cap	Pair Corr
0.8	BRUFX	Bruce Fund Bruce	Pair Corr
0.83	WAMCX	Wasatch Ultra Growth	Pair Corr
0.84	DOXBX	Dodge Cox Balanced	Pair Corr
0.81	STENX	Northern Lights	Pair Corr
0.66	ASCYX	Alger Funds	Pair Corr
0.8	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.81	GOODX	Goodhaven Fund Goodhaven	Pair Corr
0.72	AAEFX	American Century One	Pair Corr
0.82	FTVZX	Fuller Thaler Behavioral	Pair Corr

Moving against 13d Mutual Fund

0.78	XGEIX	Guggenheim Energy Income	Pair Corr
0.47	RYMEX	Commodities Strategy	Pair Corr
0.47	RYMJX	Commodities Strategy	Pair Corr
0.4	RYMBX	Commodities Strategy	Pair Corr
0.53	MLCIX	Bmo Large Cap	Pair Corr
0.5	GPICX	Guidepath Conservative	Pair Corr
0.44	BRASX	Bats Series S	Pair Corr
0.31	DNMDX	Dunham Monthly Distr	Pair Corr

Related Correlations Analysis

	DDDAX	DDDIX	MYIMX	FIDLX	CSRYX
DDDAX		1.0	0.87	0.79	0.92	DDDAX
DDDIX	1.0		0.86	0.79	0.92	DDDIX
MYIMX	0.87	0.86		0.73	0.81	MYIMX
FIDLX	0.79	0.79	0.73		0.76	FIDLX
CSRYX	0.92	0.92	0.81	0.76		CSRYX
	DDDAX	DDDIX	MYIMX	FIDLX	CSRYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between 13d Mutual Fund performing well and 13d Activist 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 13d Activist'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
DDDAX	0.85	0.01	(0.04)	0.10	1.23	(0.93)	1.77	(1.31)	7.73
DDDIX	0.84	0.01	(0.03)	0.11	1.20	(0.93)	1.78	(1.35)	7.50
MYIMX	0.85	(0.21)	0.00	(0.30)	0.00	0.00	1.45	(1.03)	16.72
FIDLX	0.68	(0.03)	(0.07)	0.01	1.28	(0.62)	1.25	(1.44)	7.91
CSRYX	0.58	(0.03)	(0.12)	0.00	0.70	(0.72)	1.22	(0.98)	4.69

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

2024 Macroaxis LLC