Alphacentric Income Correlations

IOFCX Fund

USD 7.39 0.01 0.14%

The current 90-days correlation between Alphacentric Income and Alphacentric Symmetry Strategy is 0.03 (i.e., Significant diversification). The correlation of Alphacentric 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.

Alphacentric Income Correlation With Market

Modest diversification

The correlation between Alphacentric Income Opportunit and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Income Opportunit 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 Alphacentric Income Opportunities. 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 services.

Moving together with Alphacentric Mutual Fund

0.98	IOFAX	Alphacentric Income	Pair Corr
0.97	IOFIX	Alphacentric Income	Pair Corr

Moving against Alphacentric Mutual Fund

0.34

GNXAX

Alphacentric Global

Pair Corr

Related Correlations Analysis

	LYFAX	LYFCX	LYFIX	IOFCX	HMXAX	HMXCX	HMXIX	SYMAX
LYFAX		0.99	0.99	0.38	0.51	0.5	0.51	0.63	LYFAX
LYFCX	0.99		1.0	0.38	0.48	0.48	0.49	0.6	LYFCX
LYFIX	0.99	1.0		0.38	0.49	0.49	0.5	0.62	LYFIX
IOFCX	0.38	0.38	0.38		0.09	0.09	0.1	0.26	IOFCX
HMXAX	0.51	0.48	0.49	0.09		1.0	1.0	0.77	HMXAX
HMXCX	0.5	0.48	0.49	0.09	1.0		1.0	0.77	HMXCX
HMXIX	0.51	0.49	0.5	0.1	1.0	1.0		0.77	HMXIX
SYMAX	0.63	0.6	0.62	0.26	0.77	0.77	0.77		SYMAX
	LYFAX	LYFCX	LYFIX	IOFCX	HMXAX	HMXCX	HMXIX	SYMAX

Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric 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 Alphacentric 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
LYFAX	0.96	0.09	0.05	0.20	0.94	(1.06)	2.42	(1.84)	5.01
LYFCX	0.96	0.09	0.05	0.22	1.04	(1.06)	2.40	(1.81)	5.67
LYFIX	0.96	0.09	0.05	0.22	1.01	(1.03)	2.41	(1.83)	5.66
IOFCX	0.16	0.00	(0.19)	0.12	0.13	(0.21)	0.27	(0.41)	0.96
HMXAX	0.59	(0.04)	(0.06)	0.00	0.88	(0.55)	0.99	(1.64)	5.09
HMXCX	0.58	(0.04)	(0.06)	0.00	0.86	(0.56)	1.01	(1.61)	5.29
HMXIX	0.58	(0.04)	(0.06)	0.00	0.86	(0.56)	1.00	(1.63)	4.96
SYMAX	0.68	0.14	0.07	(20.25)	0.90	(0.67)	1.29	(1.35)	4.45

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