Centre Global Correlations

DHINX Fund

USD 12.18 0.20 1.62%

The current 90-days correlation between Centre Global Infras and Siit High Yield is 0.19 (i.e., Average diversification). The correlation of Centre Global 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 Global Correlation With Market

Modest diversification

The correlation between Centre Global Infrastructure and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centre Global Infrastructure 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 Global Infrastructure. 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 board of governors.

Moving together with Centre Mutual Fund

0.77	TOLSX	Deutsche Global Infr	Pair Corr
0.72	TOLIX	Deutsche Global Infr	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VINIX	Vanguard Institutional	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.81	AMECX	Income Fund	Pair Corr
0.83	ACP	Aberdeen Income Credit	Pair Corr
0.85	ELFNX	Elfun Trusts Elfun	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.77	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.88	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.82	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Centre Mutual Fund

0.34	VTISX	Vanguard Total Inter	Pair Corr
0.34	VTSNX	Vanguard Total Inter	Pair Corr
0.34	VTPSX	Vanguard Total Inter	Pair Corr
0.73	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	SGYAX	PKHIX	CABIX	DURPX	LBETX	AGDAX
SGYAX		0.52	0.28	0.86	0.89	0.94	SGYAX
PKHIX	0.52		0.03	0.58	0.59	0.51	PKHIX
CABIX	0.28	0.03		0.29	0.26	0.49	CABIX
DURPX	0.86	0.58	0.29		0.98	0.8	DURPX
LBETX	0.89	0.59	0.26	0.98		0.8	LBETX
AGDAX	0.94	0.51	0.49	0.8	0.8		AGDAX
	SGYAX	PKHIX	CABIX	DURPX	LBETX	AGDAX

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Risk-Adjusted Indicators

There is a big difference between Centre Mutual Fund performing well and Centre Global 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 Global'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
SGYAX	0.13	0.03	(0.47)	(16.43)	0.00	(0.24)	0.29	(0.14)	0.99
PKHIX	0.10	(0.01)	(0.44)	0.01	0.09	(0.17)	0.23	(0.22)	1.23
CABIX	0.29	0.04	(0.18)	0.73	0.27	(0.34)	0.57	(0.62)	1.86
DURPX	0.48	0.03	0.00	0.16	0.35	(0.58)	1.07	(0.80)	3.67
LBETX	0.19	0.02	(0.20)	0.19	0.00	(0.24)	0.44	(0.35)	1.42
AGDAX	0.12	0.03	(0.39)	4.71	0.00	(0.25)	0.29	(0.29)	0.86

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