| HOSIX Fund | | | USD 9.82 0.00 0.00% |
The current 90-days correlation between Holbrook Structured and Holbrook Income is 0.16 (i.e., Average diversification). The correlation of Holbrook Structured 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 Structured Correlation With Market
Good diversification
The correlation between Holbrook Structured Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Structured Income 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 Structured Income. 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.