Variant Impact Correlations
| IMPCX Fund | USD 26.85 0.01 0.04% |
The current 90-days correlation between Variant Impact and Variant Alternative Income is 0.2 (i.e., Modest diversification). The correlation of Variant Impact 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.
Variant Impact Correlation With Market
Significant diversification
The correlation between Variant Impact and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Variant Impact and DJI in the same portfolio, assuming nothing else is changed.
Variant |
Moving together with Variant Mutual Fund
| 0.62 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.63 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.76 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.63 | VFINX | Vanguard 500 Index | PairCorr |
| 0.62 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.74 | PFN | Pimco Income Strategy | PairCorr |
| 0.63 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.63 | MRK | Merck Company Sell-off Trend | PairCorr |
| 0.75 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
Moving against Variant Mutual Fund
| 0.76 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.66 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.56 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.62 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.41 | T | ATT Inc | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Variant Mutual Fund performing well and Variant Impact 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 Variant Impact'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMPCX | 0.03 | 0.02 | 0.00 | 3.95 | 0.00 | 0.08 | 0.22 | |||
| NICHX | 0.04 | 0.01 | 0.00 | 0.58 | 0.00 | 0.08 | 0.42 | |||
| MNDVUX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMGASX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWJQX | 0.70 | (0.09) | (0.09) | 0.01 | 0.92 | 1.40 | 3.58 | |||
| FGWMX | 0.16 | 0.05 | (0.31) | 2.96 | 0.00 | 0.51 | 1.09 | |||
| PNPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RNDIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |