Centre Global Correlations

DHIVX Fund

USD 12.47 0.15 1.19%

The current 90-days correlation between Centre Global Infras and Centre Global Infrastructure is 1.0 (i.e., No risk reduction). 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 0.28 (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 real.

Moving together with Centre Mutual Fund

1.0	DHINX	Centre Global Infras	Pair Corr
0.67	DHANX	Centre American Select	Pair Corr
0.66	DHAMX	Centre American Select	Pair Corr
0.69	VCRCX	Mainstay Cbre Global	Pair Corr
0.91	TOLSX	Deutsche Global Infr	Pair Corr
0.91	TOLZX	Deutsche Global Infr	Pair Corr
0.72	VCRAX	Voya Cbre Global	Pair Corr
0.73	VCRIX	Voya Cbre Global	Pair Corr
0.91	TOLLX	Deutsche Global Infr	Pair Corr
0.91	TOLIX	Deutsche Global Infr	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.88	NDMSX	Nationwide Investor	Pair Corr
0.86	MGRPX	Growth Portfolio Class	Pair Corr
0.9	APSHX	Pinnacle Sherman Multi	Pair Corr
0.91	FCLCX	Fidelity Advisor Ind	Pair Corr
0.89	JVAIX	Jpmorgan Value Advantage	Pair Corr
0.9	FSLBX	Brokerage And Investment	Pair Corr
0.82	AMHYX	Invesco High Yield	Pair Corr
0.73	FGILX	Fidelity Global Equity	Pair Corr
0.92	FTAGX	Salient Tactical Growth	Pair Corr
0.73	RSMRX	Rbc Smid Cap	Pair Corr
0.87	PRISX	T Rowe Price	Pair Corr
0.64	TSGCX	Timothy Strategic Growth	Pair Corr
0.92	FAGIX	Fidelity Capital Income	Pair Corr

Related Correlations Analysis

	DHIVX	DHINX	DHANX	DHAMX	WSMRX	VFINX	VEMBX	FSELX	APHFX	RA
DHIVX		1.0	0.67	0.66	0.87	0.9	0.11	0.66	0.86	0.6	DHIVX
DHINX	1.0		0.67	0.65	0.87	0.91	0.1	0.66	0.86	0.59	DHINX
DHANX	0.67	0.67		1.0	0.68	0.68	0.38	0.67	0.61	0.74	DHANX
DHAMX	0.66	0.65	1.0		0.67	0.66	0.38	0.67	0.59	0.74	DHAMX
WSMRX	0.87	0.87	0.68	0.67		0.91	0.08	0.65	0.78	0.57	WSMRX
VFINX	0.9	0.91	0.68	0.66	0.91		0.01	0.83	0.85	0.5	VFINX
VEMBX	0.11	0.1	0.38	0.38	0.08	0.01		-0.1	0.23	0.69	VEMBX
FSELX	0.66	0.66	0.67	0.67	0.65	0.83	-0.1		0.69	0.4	FSELX
APHFX	0.86	0.86	0.61	0.59	0.78	0.85	0.23	0.69		0.66	APHFX
RA	0.6	0.59	0.74	0.74	0.57	0.5	0.69	0.4	0.66		RA
	DHIVX	DHINX	DHANX	DHAMX	WSMRX	VFINX	VEMBX	FSELX	APHFX	RA

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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

DHINX	+ 1.0	DHIVX
DHAMX	+ 1.0	DHANX
VFINX	+ 0.91	DHINX
VFINX	+ 0.91	WSMRX
VFINX	+ 0.9	DHIVX
WSMRX	+ 0.87	DHIVX

High negative correlations

FSELX

- 0.1

VEMBX

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
DHIVX	0.48	0.08	(0.01)	0.49	0.42	(0.54)	0.85	(1.05)	2.40
DHINX	0.47	0.08	(0.01)	0.51	0.43	(0.53)	0.89	(1.05)	2.32
DHANX	0.41	(0.01)	(0.10)	0.09	0.64	(0.38)	0.67	(0.84)	2.63
DHAMX	0.42	(0.01)	(0.11)	0.09	0.65	(0.38)	0.64	(0.87)	2.71
WSMRX	0.73	0.01	0.02	0.12	0.86	(0.77)	1.42	(1.56)	5.08
VFINX	0.55	0.11	0.00	(5.86)	0.65	(0.57)	1.17	(1.31)	3.84
VEMBX	0.19	0.00	(0.42)	0.14	0.16	(0.25)	0.39	(0.39)	1.49
FSELX	1.59	0.05	(0.02)	0.56	2.41	(1.58)	3.39	(4.38)	9.85
APHFX	0.11	0.04	(0.51)	(0.96)	0.00	(0.18)	0.22	(0.22)	0.90
RA	0.37	0.04	(0.12)	0.32	0.38	(0.40)	0.83	(0.82)	2.11

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