Centre American Correlations

DHAMX Fund

USD 15.50 0.02 0.13%

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

Average diversification

The correlation between Centre American Select and DJI is 0.18 (i.e., Average 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Centre American Select. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Centre Mutual Fund

0.71	RYCCX	Nasdaq 100 2x	Pair Corr
0.78	BIPIX	Biotechnology Ultrasector	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.69	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Centre Mutual Fund

0.52	BA	Boeing	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	HEWXX	GCFSX	RMBLX	FIDAX	SBFAX	IVMXX	BXSL
HEWXX		0.0	0.0	0.0	0.0	0.0	0.0	HEWXX
GCFSX	0.0		0.58	0.61	0.5	0.0	-0.01	GCFSX
RMBLX	0.0	0.58		0.95	0.84	0.0	-0.42	RMBLX
FIDAX	0.0	0.61	0.95		0.87	0.0	-0.55	FIDAX
SBFAX	0.0	0.5	0.84	0.87		0.0	-0.57	SBFAX
IVMXX	0.0	0.0	0.0	0.0	0.0		0.0	IVMXX
BXSL	0.0	-0.01	-0.42	-0.55	-0.57	0.0		BXSL
	HEWXX	GCFSX	RMBLX	FIDAX	SBFAX	IVMXX	BXSL

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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

FIDAX	+ 0.95	RMBLX
SBFAX	+ 0.87	FIDAX
SBFAX	+ 0.84	RMBLX
FIDAX	+ 0.61	GCFSX
RMBLX	+ 0.58	GCFSX
SBFAX	+ 0.5	GCFSX

High negative correlations

BXSL	- 0.57	SBFAX
BXSL	- 0.55	FIDAX
BXSL	- 0.42	RMBLX
BXSL	- 0.01	GCFSX
BXSL	- 0.0	IVMXX
IVMXX	- 0.0	SBFAX

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
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.62	0.07	0.02	0.24	0.72	(0.72)	1.80	(1.30)	6.27
RMBLX	1.20	0.01	0.03	0.10	1.31	(1.42)	2.20	(2.07)	15.68
FIDAX	0.92	(0.02)	(0.02)	0.07	1.63	(0.93)	1.79	(2.01)	14.53
SBFAX	0.89	(0.10)	(0.05)	0.00	1.93	(0.93)	1.65	(1.85)	15.92
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXSL	0.70	0.15	0.10	0.57	0.59	(0.81)	1.43	(1.03)	4.08

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