Intrepid Income Correlations

ICMUX Fund

USD 9.01 0.01 0.11%

The current 90-days correlation between Intrepid Income and Rbb Fund is -0.13 (i.e., Good 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 poor diversification

The correlation between Intrepid Income Fund and DJI is 0.88 (i.e., Very poor 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 population.

Moving together with Intrepid Mutual Fund

0.94	ICMVX	Intrepid Capital	Pair Corr
0.94	ICMBX	Intrepid Capital	Pair Corr
0.94	PONAX	Pimco Income	Pair Corr
0.94	PONCX	Pimco Income	Pair Corr
0.94	PIPNX	Pimco Income	Pair Corr
0.93	PONRX	Pimco Income	Pair Corr
0.94	PONPX	Pimco Incme Fund	Pair Corr
0.94	PIINX	Pimco Income	Pair Corr
0.94	PIMIX	Pimco Income	Pair Corr
0.96	LBNDX	Lord Abbett Bond	Pair Corr
0.94	FSTAX	Fidelity Advisor Str	Pair Corr
0.93	FSRIX	Fidelity Advisor Str	Pair Corr
0.96	EKWDX	Wells Fargo Advantage	Pair Corr
0.94	PMPIX	Precious Metals Ultr	Pair Corr
0.94	PMPSX	Precious Metals Ultr	Pair Corr
0.95	RYZCX	Precious Metals	Pair Corr
0.81	LBIIX	Thrivent Income	Pair Corr
0.95	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.96	CPXAX	Cohen Steers Preferd	Pair Corr
0.96	JHBLX	Jhancock Multi Index	Pair Corr
0.92	TMCIX	Rbc Smid Cap	Pair Corr
0.89	MVCAX	Mfs Mid Cap	Pair Corr
0.92	QTERX	Aqr Tm Emerging	Pair Corr
0.95	MEDIX	Mfs Emerging Markets	Pair Corr
0.9	SCMIX	Columbia Seligman	Pair Corr
0.78	BMGKX	Blackrock Mid Cap	Pair Corr
0.93	MURHX	Mutual Of America	Pair Corr
0.97	CPRRX	Cohen Steers Preferred	Pair Corr
0.74	TRPZX	T Rowe Price	Pair Corr
0.84	FSTZX	Fidelity Series 0	Pair Corr
0.92	KNGLX	Cboe Vest Sp	Pair Corr
0.95	RSNYX	Victory Global Natural	Pair Corr
0.88	SXPRX	Deutsche Sp 500	Pair Corr
0.86	STYAX	Wells Fargo Income	Pair Corr
0.89	NEMDX	Nuveen Managed Accounts	Pair Corr
0.95	TREMX	T Rowe Price	Pair Corr
0.88	HIBSX	Hartford Stock Hls	Pair Corr
0.74	MLOAX	Cohen Steers Mlp	Pair Corr

Moving against Intrepid Mutual Fund

0.4

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	FDBLX	DWAFX	LMBMX	USCAX	CABIX	EICVX	BXDCX	OPTCX
FDBLX		0.78	0.82	0.8	0.8	0.77	0.82	0.87	FDBLX
DWAFX	0.78		0.88	0.85	0.9	0.82	0.94	0.87	DWAFX
LMBMX	0.82	0.88		0.98	0.96	0.91	0.92	0.96	LMBMX
USCAX	0.8	0.85	0.98		0.96	0.95	0.89	0.96	USCAX
CABIX	0.8	0.9	0.96	0.96		0.9	0.92	0.93	CABIX
EICVX	0.77	0.82	0.91	0.95	0.9		0.88	0.93	EICVX
BXDCX	0.82	0.94	0.92	0.89	0.92	0.88		0.92	BXDCX
OPTCX	0.87	0.87	0.96	0.96	0.93	0.93	0.92		OPTCX
	FDBLX	DWAFX	LMBMX	USCAX	CABIX	EICVX	BXDCX	OPTCX

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
FDBLX	0.13	0.00	(0.14)	0.09	0.05	(0.18)	0.35	(0.24)	0.71
DWAFX	0.79	0.31	0.27	(2.60)	0.61	(0.92)	1.37	(1.16)	15.81
LMBMX	0.92	0.12	0.10	0.15	0.97	(1.00)	2.18	(1.80)	7.43
USCAX	0.87	0.17	0.17	0.21	0.74	(1.05)	2.07	(1.87)	7.96
CABIX	0.44	0.06	0.08	0.14	0.41	(0.49)	0.83	(0.89)	5.68
EICVX	0.66	0.29	0.45	2.79	0.00	(0.79)	1.36	(0.69)	8.80
BXDCX	0.05	0.00	(0.23)	(2.94)	0.00	(0.13)	0.11	(0.11)	0.43
OPTCX	0.14	0.01	(0.11)	0.07	0.02	(0.20)	0.30	(0.30)	1.00

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