Holbrook Income Correlations

HOBIX Fund

USD 9.77 0.00 0.00%

The current 90-days correlation between Holbrook Income and Locorr Longshort Modities is -0.34 (i.e., Very good diversification). The correlation of Holbrook Income 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.

Holbrook Income Correlation With Market

Poor diversification

The correlation between Holbrook Income Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Income Fund 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 Holbrook Income Fund. 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 gross domestic product.

Moving together with HOLBROOK Mutual Fund

0.99	HOBAX	Holbrook Income	Pair Corr
1.0	HOBEX	Holbrook Income	Pair Corr
0.93	HOSAX	Holbrook Structured	Pair Corr
0.93	HOSIX	Holbrook Structured	Pair Corr
0.9	HOSTX	Holbrook Structured	Pair Corr
0.81	VBIRX	Vanguard Short Term	Pair Corr
0.84	VFSUX	Vanguard Short Term	Pair Corr
0.82	VFSTX	Vanguard Short Term	Pair Corr
0.77	VBISX	Vanguard Short Term	Pair Corr
0.79	VSCSX	Vanguard Short Term	Pair Corr
0.74	PFN	Pimco Income Strategy	Pair Corr
0.87	SMOAX	Saat Moderate Strategy	Pair Corr
0.81	FSELX	Fidelity Select Semi Steady Growth	Pair Corr
0.81	TEDTX	Tiaa Cref Emerging	Pair Corr
0.86	FMNCX	Federated Municipal High	Pair Corr
0.76	SMVZX	Ridgeworth Ceredex Mid	Pair Corr
0.87	GPMIX	Guidepath(r) Multi-asset	Pair Corr
0.71	SEFCX	Sit International Equity	Pair Corr
0.78	CGEOX	Calamos Global Equity	Pair Corr
0.91	FCTIX	Franklin Necticut Tax	Pair Corr
0.86	IPBJX	Wells Fargo Real	Pair Corr
0.73	PSGRX	Putnam Small Cap	Pair Corr
0.8	CMPGX	Government High Quality	Pair Corr
0.64	SBBAX	Qs Servative Growth	Pair Corr
0.78	VWSFX	Tomorrows Scholar College	Pair Corr
0.64	FISAX	Franklin Adjustable	Pair Corr

Moving against HOLBROOK Mutual Fund

0.53

NXJ

Nuveen New Jersey

Pair Corr

Related Correlations Analysis

	GTLSX	GSTGX	SUSAX	FOSIX	PRMDX	LCSAX
GTLSX		0.86	0.83	0.86	0.77	0.44	GTLSX
GSTGX	0.86		0.95	0.95	0.86	0.31	GSTGX
SUSAX	0.83	0.95		0.93	0.91	0.33	SUSAX
FOSIX	0.86	0.95	0.93		0.91	0.49	FOSIX
PRMDX	0.77	0.86	0.91	0.91		0.42	PRMDX
LCSAX	0.44	0.31	0.33	0.49	0.42		LCSAX
	GTLSX	GSTGX	SUSAX	FOSIX	PRMDX	LCSAX

Risk-Adjusted Indicators

There is a big difference between HOLBROOK Mutual Fund performing well and Holbrook Income 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 Holbrook Income'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
GTLSX	0.68	0.31	0.55	(1.97)	0.00	(0.93)	0.91	(0.53)	19.07
GSTGX	0.04	0.00	(0.61)	(0.29)	0.00	(0.12)	0.11	(0.11)	0.32
SUSAX	0.03	0.00	0.00	1.29	0.00	0.00	0.10	0.00	0.50
FOSIX	0.08	0.01	(0.50)	(2.32)	0.00	(0.18)	0.22	(0.11)	0.55
PRMDX	0.03	0.01	0.00	(0.47)	0.00	0.00	0.19	0.00	0.39
LCSAX	0.42	0.02	(0.07)	0.32	0.65	(0.41)	0.94	(0.93)	4.23

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