Alps/red Rocks Correlations

LPFAX Fund

USD 5.08 0.09 1.74%

The current 90-days correlation between Alpsred Rocks Listed and Alpscorecommodity Management Pletecommoditiessm is 0.07 (i.e., Significant diversification). The correlation of Alps/red Rocks 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.

Alps/red Rocks Correlation With Market

Very weak diversification

The correlation between Alpsred Rocks Listed and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpsred Rocks Listed and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alpsred Rocks Listed. 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 nation.

Moving together with Alps/red Mutual Fund

0.77	AVPEX	Alpsred Rocks Listed	Pair Corr
0.79	LPEIX	Alpsred Rocks Listed	Pair Corr
0.79	LPERX	Alpsred Rocks Listed	Pair Corr
0.78	LPFCX	Alpsred Rocks Listed	Pair Corr
0.79	LPEFX	Alpsred Rocks Listed	Pair Corr
0.61	ALCBX	ALPSSmith Balanced	Pair Corr
0.61	ALIBX	ALPSSmith Balanced	Pair Corr
0.61	ALPBX	ALPSSmith Balanced	Pair Corr

Moving against Alps/red Mutual Fund

0.53	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.48	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.41	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.39	SMCHX	Alpssmith Total Return	Pair Corr
0.58	SMTRX	Alpssmith Total Return	Pair Corr
0.49	SMCCX	DEUTSCHE MID CAP	Pair Corr

Related Correlations Analysis

	INAAX	INFCX	INDAX	INDIX	INDSX	RAGIX	JCCSX	JCRAX	JCRCX	JCRIX
INAAX		1.0	0.89	1.0	0.89	-0.41	-0.62	-0.48	-0.62	-0.62	INAAX
INFCX	1.0		0.89	1.0	0.89	-0.41	-0.63	-0.5	-0.63	-0.63	INFCX
INDAX	0.89	0.89		0.89	1.0	-0.45	-0.65	-0.48	-0.65	-0.65	INDAX
INDIX	1.0	1.0	0.89		0.89	-0.41	-0.62	-0.48	-0.63	-0.62	INDIX
INDSX	0.89	0.89	1.0	0.89		-0.45	-0.65	-0.47	-0.65	-0.65	INDSX
RAGIX	-0.41	-0.41	-0.45	-0.41	-0.45		0.92	0.59	0.92	0.92	RAGIX
JCCSX	-0.62	-0.63	-0.65	-0.62	-0.65	0.92		0.66	1.0	1.0	JCCSX
JCRAX	-0.48	-0.5	-0.48	-0.48	-0.47	0.59	0.66		0.66	0.66	JCRAX
JCRCX	-0.62	-0.63	-0.65	-0.63	-0.65	0.92	1.0	0.66		1.0	JCRCX
JCRIX	-0.62	-0.63	-0.65	-0.62	-0.65	0.92	1.0	0.66	1.0		JCRIX
	INAAX	INFCX	INDAX	INDIX	INDSX	RAGIX	JCCSX	JCRAX	JCRCX	JCRIX

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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

INFCX	+ 1.0	INAAX
INDIX	+ 1.0	INAAX
INDIX	+ 1.0	INFCX
INDSX	+ 1.0	INDAX
JCRCX	+ 1.0	JCCSX
JCRIX	+ 1.0	JCCSX

High negative correlations

JCRIX	- 0.65	INDSX
JCRCX	- 0.65	INDSX
JCCSX	- 0.65	INDSX
JCRIX	- 0.65	INDAX
JCRCX	- 0.65	INDAX
JCCSX	- 0.65	INDAX

Risk-Adjusted Indicators

There is a big difference between Alps/red Mutual Fund performing well and Alps/red Rocks 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 Alps/red Rocks' 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
INAAX	0.64	(0.06)	0.00	1.55	0.00	0.00	1.30	(1.59)	4.70
INFCX	0.65	(0.06)	0.00	1.34	0.00	0.00	1.29	(1.69)	4.98
INDAX	0.67	(0.12)	0.00	(0.22)	0.00	0.00	1.30	(1.86)	4.63
INDIX	0.64	(0.06)	0.00	1.26	0.00	0.00	1.35	(1.62)	4.66
INDSX	0.67	(0.12)	0.00	(0.22)	0.00	0.00	1.27	(1.84)	4.71
RAGIX	0.44	0.17	0.19	(2.65)	0.00	(0.54)	0.80	(0.77)	5.87
JCCSX	0.81	0.29	0.15	(1.67)	1.13	(0.86)	1.47	(1.67)	5.53
JCRAX	0.84	0.26	0.13	2.46	1.18	(0.89)	1.48	(1.67)	5.55
JCRCX	0.82	0.29	0.15	(1.98)	1.15	(0.88)	1.54	(1.64)	5.63
JCRIX	0.81	0.29	0.15	(1.73)	1.08	(0.88)	1.49	(1.63)	5.52

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