Intrepid Income Correlations

ICMUX Fund

USD 9.02 0.05 0.55%

The current 90-days correlation between Intrepid Income and Rbb Fund is 0.18 (i.e., Average 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

Modest diversification

The correlation between Intrepid Income Fund and DJI is 0.24 (i.e., Modest 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

0.66	PONAX	Pimco Income	Pair Corr
0.76	PONCX	Pimco Income	Pair Corr
0.77	PIPNX	Pimco Income	Pair Corr
0.79	PONRX	Pimco Income	Pair Corr
0.65	PONPX	Pimco Incme Fund	Pair Corr
0.78	PIINX	Pimco Income	Pair Corr
0.65	PIMIX	Pimco Income	Pair Corr
0.78	LBNDX	Lord Abbett Bond	Pair Corr
0.76	FSTAX	Fidelity Advisor Str	Pair Corr
0.8	FSRIX	Fidelity Advisor Str	Pair Corr
0.77	WHIAX	Ivy High Income	Pair Corr
0.77	IVHIX	Ivy High Income	Pair Corr
0.67	IHIFX	Ivy High Income	Pair Corr
0.62	WHIYX	Ivy High Income	Pair Corr
0.74	MRK	Merck Company	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.77	MCD	McDonalds	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr

Moving against Intrepid Mutual Fund

0.78	ERH	Allspring Utilities And	Pair Corr
0.43	PG	Procter Gamble	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	OPTCX	FKHEMX	FABWX	PMEGX	WABMSX	FLDFX
OPTCX		0.6	0.94	0.68	0.86	0.91	OPTCX
FKHEMX	0.6		0.77	0.13	0.81	0.51	FKHEMX
FABWX	0.94	0.77		0.61	0.94	0.9	FABWX
PMEGX	0.68	0.13	0.61		0.6	0.81	PMEGX
WABMSX	0.86	0.81	0.94	0.6		0.87	WABMSX
FLDFX	0.91	0.51	0.9	0.81	0.87		FLDFX
	OPTCX	FKHEMX	FABWX	PMEGX	WABMSX	FLDFX

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
OPTCX	0.16	0.00	(0.16)	0.04	0.14	(0.21)	0.40	(0.40)	0.91
FKHEMX	0.64	(0.01)	(0.02)	0.03	0.88	(0.65)	1.40	(1.51)	3.71
FABWX	0.65	0.02	0.02	0.07	0.94	(0.64)	1.22	(1.48)	4.04
PMEGX	1.08	0.38	0.39	0.85	0.34	(1.33)	1.23	(1.24)	26.50
WABMSX	0.54	0.00	(0.01)	0.05	0.80	(0.53)	1.05	(1.39)	3.37
FLDFX	0.45	0.04	0.04	0.10	0.48	(0.50)	0.93	(0.95)	3.74

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