13d Activist Correlations

DDDIX Fund

USD 19.68 0.47 2.33%

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

Very weak diversification

The correlation between 13d Activist Fund and DJI is 0.55 (i.e., Very 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 gross domestic product.

Moving together with 13d Mutual Fund

1.0	DDDCX	13d Activist	Pair Corr
1.0	DDDAX	13d Activist	Pair Corr
0.88	VIMAX	Vanguard Mid Cap	Pair Corr
0.88	VIMSX	Vanguard Mid Cap	Pair Corr
0.88	VMCPX	Vanguard Mid Cap	Pair Corr
0.88	VMCIX	Vanguard Mid Cap	Pair Corr
0.93	VEXAX	Vanguard Extended Market	Pair Corr
0.93	VEMPX	Vanguard Extended Market	Pair Corr
0.93	VIEIX	Vanguard Extended Market	Pair Corr
0.93	VSEMX	Vanguard Extended Market	Pair Corr
0.93	VEXMX	Vanguard Extended Market	Pair Corr
0.93	FSMAX	Fidelity Extended Market	Pair Corr

Moving against 13d Mutual Fund

0.66	GAAKX	Gmo Alternative Allo	Pair Corr
0.66	GAAGX	Gmo Alternative Allo	Pair Corr
0.52	VSBIX	Vanguard Short Term	Pair Corr
0.51	AMFIX	Aama Income Fund	Pair Corr
0.48	GBMBX	Gmo Benchmark Free	Pair Corr
0.4	CFAMX	Short Term Bond	Pair Corr
0.39	RAMCX	Short Term Bond	Pair Corr
0.39	MMCFX	Amg Managers Emerging	Pair Corr
0.62	QMHRX	Aqr Managed Futures	Pair Corr
0.47	CSACX	Credit Suisse Managed	Pair Corr
0.44	BSBIX	Baird Short Term	Pair Corr
0.42	BBBMX	Bbh Limited Duration	Pair Corr

Related Correlations Analysis

	DDDAX	DDDCX	FIDLX	CSRYX	FTHSX
DDDAX		1.0	0.81	0.75	0.92	DDDAX
DDDCX	1.0		0.81	0.75	0.93	DDDCX
FIDLX	0.81	0.81		0.66	0.8	FIDLX
CSRYX	0.75	0.75	0.66		0.67	CSRYX
FTHSX	0.92	0.93	0.8	0.67		FTHSX
	DDDAX	DDDCX	FIDLX	CSRYX	FTHSX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DDDAX	0.90	(0.18)	(0.29)	1.56	(2.05)	5.74
DDDCX	0.89	(0.19)	(0.30)	1.52	(2.02)	5.98
FIDLX	0.80	(0.09)	(0.20)	1.25	(2.09)	6.23
CSRYX	0.64	(0.05)	(0.14)	1.22	(1.73)	4.04
FTHSX	0.89	(0.25)	(0.37)	1.25	(2.21)	7.62

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