Centre American Correlations
| DHAMX Fund | USD 15.05 0.18 1.21% |
The current 90-days correlation between Centre American Select and Blackrock Large Cap is -0.03 (i.e., Good diversification). The correlation of Centre American 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.
Centre American Correlation With Market
Weak diversification
The correlation between Centre American Select and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centre American Select and DJI in the same portfolio, assuming nothing else is changed.
Centre |
Moving together with Centre Mutual Fund
Moving against Centre Mutual Fund
| 0.73 | GFRCX | Goldman Sachs High | PairCorr |
| 0.83 | PAIAX | Pimco Short Asset | PairCorr |
| 0.79 | JFIGX | Floating Rate Income | PairCorr |
| 0.72 | QLENX | Aqr Long Short | PairCorr |
| 0.71 | RYHJX | Inverse Government Long | PairCorr |
| 0.6 | BLDCX | Blackrock Low Duration | PairCorr |
| 0.46 | DFIVX | Dfa International Value | PairCorr |
| 0.34 | MSHDX | High Yield Portfolio | PairCorr |
| 0.33 | THQ | Tekla Healthcare Opp | PairCorr |
| 0.85 | RYMEX | Commodities Strategy | PairCorr |
| 0.8 | QMNNX | Aqr Equity Market | PairCorr |
| 0.69 | GMOIX | Gmo International Equity | PairCorr |
| 0.62 | IGZAX | Voya Short Term | PairCorr |
| 0.59 | UGSDX | Us Government Securities | PairCorr |
| 0.44 | WTSIX | Wisdomtree Digital Trust | PairCorr |
Related Correlations Analysis
| 0.16 | 0.71 | -0.09 | 0.7 | -0.02 | MKFOX | ||
| 0.16 | 0.11 | 0.81 | 0.51 | 0.9 | TALCX | ||
| 0.71 | 0.11 | -0.18 | 0.83 | -0.11 | LGPSX | ||
| -0.09 | 0.81 | -0.18 | 0.21 | 0.95 | WILCX | ||
| 0.7 | 0.51 | 0.83 | 0.21 | 0.32 | OLGCX | ||
| -0.02 | 0.9 | -0.11 | 0.95 | 0.32 | TACLX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Centre Mutual Fund performing well and Centre American 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 Centre American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MKFOX | 0.99 | (0.07) | 0.00 | 0.18 | 0.00 | 1.78 | 6.69 | |||
| TALCX | 0.48 | (0.05) | 0.00 | (0.13) | 0.00 | 1.12 | 3.04 | |||
| LGPSX | 0.92 | 0.03 | 0.02 | 0.02 | 1.29 | 1.79 | 6.05 | |||
| WILCX | 0.55 | (0.02) | 0.00 | (0.07) | 0.00 | 0.85 | 6.52 | |||
| OLGCX | 0.89 | (0.01) | 0.00 | (0.04) | 0.00 | 1.64 | 5.32 | |||
| TACLX | 0.56 | (0.01) | 0.00 | (0.04) | 0.00 | 1.10 | 3.39 |