Alphacentric Hedged Correlations

HMXAX Fund

USD 28.73 0.08 0.28%

The current 90-days correlation between Alphacentric Hedged and Catalystmillburn Hedge Strategy is 0.04 (i.e., Significant diversification). The correlation of Alphacentric Hedged 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.

Alphacentric Hedged Correlation With Market

Very poor diversification

The correlation between Alphacentric Hedged Market and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Hedged Market and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphacentric Hedged Market. 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 nation.

Moving together with Alphacentric Mutual Fund

1.0	HMXCX	Alphacentric Hedged	Pair Corr
0.7	GNXAX	Alphacentric Global	Pair Corr
0.99	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.99	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.99	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.99	GTENX	Gateway Fund Class	Pair Corr
0.99	GTECX	Gateway Fund Class	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.99	GATEX	Gateway Fund Class	Pair Corr
0.95	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.87	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.9	SMPSX	Semiconductor Ultrasector	Pair Corr
0.78	LETRX	Voya Russia Fund	Pair Corr
0.88	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.87	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.76	RIV	Rivernorth Opportunities	Pair Corr
0.94	LTFOX	Lord Abbett Affiliated	Pair Corr
0.93	FBALX	Fidelity Balanced	Pair Corr
0.92	RQECX	Resq Dynamic Allocation	Pair Corr
0.88	FEMDX	Franklin Emerging Market	Pair Corr
0.76	GAB	Gabelli Equity Trust	Pair Corr
0.84	SCRYX	Small Cap Core	Pair Corr
0.97	LLPFX	Longleaf Partners	Pair Corr

Moving against Alphacentric Mutual Fund

0.62	IOFIX	Alphacentric Income	Pair Corr
0.6	IOFCX	Alphacentric Income	Pair Corr
0.5	LYFCX	Alphacentric Lifesci	Pair Corr
0.49	LYFAX	Alphacentric Lifesci	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.55	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.51	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MBXAX	HMXCX	HFSAX	HRSAX
MBXAX		0.87	0.45	0.89	MBXAX
HMXCX	0.87		0.79	0.91	HMXCX
HFSAX	0.45	0.79		0.63	HFSAX
HRSAX	0.89	0.91	0.63		HRSAX
	MBXAX	HMXCX	HFSAX	HRSAX

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Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Hedged 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 Alphacentric Hedged'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
MBXAX	0.36	0.06	(0.12)	(1.98)	0.39	(0.37)	0.69	(0.63)	2.78
HMXCX	0.41	0.00	(0.07)	0.12	0.54	(0.41)	0.99	(0.93)	2.97
HFSAX	0.22	0.00	(0.20)	0.12	0.22	(0.25)	0.45	(0.45)	2.08
HRSAX	0.04	0.01	0.00	(0.34)	0.00	0.00	0.12	(0.06)	0.29

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