Intrepid Income Correlations

ICMUX Fund

USD 9.06 0.02 0.22%

The current 90-days correlation between Intrepid Income and Omni Small Cap Value is 0.31 (i.e., Weak diversification). The correlation of Intrepid 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.

Intrepid Income Correlation With Market

Very weak diversification

The correlation between Intrepid Income Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid 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 Intrepid 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 private.

Moving together with Intrepid Mutual Fund

0.89	ICMVX	Intrepid Capital	Pair Corr
0.89	ICMBX	Intrepid Capital	Pair Corr
0.82	PIPNX	Pimco Income	Pair Corr
0.83	PONAX	Pimco Income	Pair Corr
0.81	PONCX	Pimco Income	Pair Corr
0.84	PONRX	Pimco Income	Pair Corr
0.82	PONPX	Pimco Incme Fund	Pair Corr
0.83	PIINX	Pimco Income	Pair Corr
0.83	PIMIX	Pimco Income	Pair Corr
0.85	LBNDX	Lord Abbett Bond	Pair Corr
0.74	FSTAX	Fidelity Advisor Str	Pair Corr
0.82	FSRIX	Fidelity Advisor Str	Pair Corr
0.86	CII	Blackrock Enhanced	Pair Corr
0.78	ETV	Eaton Vance Tax	Pair Corr
0.82	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.71	CRF	Cornerstone Total Return	Pair Corr
0.68	USA	Liberty All Star	Pair Corr
0.7	NFJ	Virtus Dividend Interest	Pair Corr
0.68	TWN	Taiwan Closed	Pair Corr
0.84	RCLVX	Conservative Strategy	Pair Corr
0.87	FLPSX	Fidelity Low Priced	Pair Corr
0.71	UGTCX	Usaa Growth And	Pair Corr
0.78	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.88	PGAPX	Pimco Global Multi	Pair Corr
0.82	TCLCX	Tiaa-cref Large-cap	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.66	RTDRX	Select Equity	Pair Corr
0.7	DAEIX	Unified Series Trust	Pair Corr
0.69	TIMRX	Tiaa Cref Managed	Pair Corr
0.87	RMYYX	Multi Strategy Income	Pair Corr
0.72	NFICX	Neuberger Berman Floating	Pair Corr
0.67	MXKJX	Great West Goldman	Pair Corr
0.78	SWHFX	Schwab Health Care	Pair Corr

Moving against Intrepid Mutual Fund

0.77

IFN

India Closed

Pair Corr

Related Correlations Analysis

	BOSVX	LMBMX	ARTSX	SCYVX	QSERX	HSCVX	NSMAX
BOSVX		0.98	0.95	0.94	0.94	0.9	0.97	BOSVX
LMBMX	0.98		0.95	0.95	0.97	0.87	0.96	LMBMX
ARTSX	0.95	0.95		0.95	0.9	0.91	0.92	ARTSX
SCYVX	0.94	0.95	0.95		0.92	0.88	0.91	SCYVX
QSERX	0.94	0.97	0.9	0.92		0.79	0.93	QSERX
HSCVX	0.9	0.87	0.91	0.88	0.79		0.9	HSCVX
NSMAX	0.97	0.96	0.92	0.91	0.93	0.9		NSMAX
	BOSVX	LMBMX	ARTSX	SCYVX	QSERX	HSCVX	NSMAX

Risk-Adjusted Indicators

There is a big difference between Intrepid Mutual Fund performing well and Intrepid 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 Intrepid 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
BOSVX	1.00	0.20	0.17	0.27	0.75	(1.17)	2.20	(1.44)	8.85
LMBMX	1.01	0.11	0.10	0.18	1.00	(1.14)	2.19	(1.85)	6.62
ARTSX	1.19	0.14	0.15	0.18	1.04	(1.43)	2.12	(1.94)	13.44
SCYVX	0.83	0.03	0.03	0.11	1.03	(0.92)	2.27	(1.91)	4.47
QSERX	1.15	0.14	0.12	0.21	1.08	(1.35)	2.23	(2.18)	10.30
HSCVX	0.73	0.08	0.02	0.35	0.80	(0.81)	1.51	(1.31)	3.86
NSMAX	1.02	0.19	0.08	1.99	1.10	(1.11)	2.21	(1.98)	7.69

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