Alphacentric Lifesci Correlations

LYFCX Fund

USD 13.31 0.08 0.60%

The current 90-days correlation between Alphacentric Lifesci and Barings Active Short is 0.07 (i.e., Significant diversification). The correlation of Alphacentric Lifesci 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 Lifesci Correlation With Market

Very weak diversification

The correlation between Alphacentric Lifesci Healthcar and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Lifesci Healthcar 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 Alphacentric Lifesci Healthcare. 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 main economic indicators.

Moving together with Alphacentric Mutual Fund

1.0	LYFAX	Alphacentric Lifesci	Pair Corr
1.0	LYFIX	Alphacentric Lifesci	Pair Corr
0.7	VGHAX	Vanguard Health Care	Pair Corr
0.67	VGHCX	Vanguard Health Care	Pair Corr
0.75	PRHSX	T Rowe Price	Pair Corr
0.75	THISX	T Rowe Price	Pair Corr
0.72	VHCIX	Vanguard Health Care	Pair Corr
0.74	SHISX	Blackrock Health Sciences	Pair Corr
0.74	SHSCX	Blackrock Health Sciences	Pair Corr
0.74	SHSAX	Blackrock Health Sciences	Pair Corr
0.74	SHSSX	Blackrock Health Sciences	Pair Corr

Moving against Alphacentric Mutual Fund

0.51	HMXAX	Alphacentric Hedged	Pair Corr
0.51	HMXIX	Alphacentric Hedged	Pair Corr
0.5	HMXCX	Alphacentric Hedged	Pair Corr
0.59	BDJ	Blackrock Enhanced Equity	Pair Corr
0.57	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.57	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.53	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.53	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.52	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.52	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.52	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.52	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.52	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.5	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.45	ARTMX	Artisan Mid Cap	Pair Corr
0.42	WIGRX	Wasatch E Growth	Pair Corr
0.42	RSGGX	Victory Rs Global	Pair Corr

Related Correlations Analysis

	BXDCX	LANIX	OPTCX	NQQQX	RGABX	JTSQX	TRBCX	PRNHX
BXDCX		0.56	0.61	0.55	0.59	0.59	0.54	0.46	BXDCX
LANIX	0.56		0.94	0.97	0.98	0.94	0.97	0.91	LANIX
OPTCX	0.61	0.94		0.93	0.96	0.82	0.95	0.92	OPTCX
NQQQX	0.55	0.97	0.93		0.99	0.92	0.99	0.9	NQQQX
RGABX	0.59	0.98	0.96	0.99		0.92	0.99	0.92	RGABX
JTSQX	0.59	0.94	0.82	0.92	0.92		0.88	0.78	JTSQX
TRBCX	0.54	0.97	0.95	0.99	0.99	0.88		0.91	TRBCX
PRNHX	0.46	0.91	0.92	0.9	0.92	0.78	0.91		PRNHX
	BXDCX	LANIX	OPTCX	NQQQX	RGABX	JTSQX	TRBCX	PRNHX

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Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Lifesci 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 Lifesci'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
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65
LANIX	0.50	(0.02)	(0.07)	0.10	0.55	(0.54)	0.99	(0.87)	3.06
OPTCX	0.15	0.03	(0.44)	0.92	0.00	(0.22)	0.32	(0.21)	1.04
NQQQX	0.76	(0.01)	(0.01)	0.11	1.09	(0.74)	1.55	(2.40)	5.13
RGABX	0.65	0.02	0.01	0.14	0.85	(0.65)	1.34	(1.66)	4.40
JTSQX	0.50	(0.04)	(0.12)	0.06	0.63	(0.52)	1.12	(0.93)	3.11
TRBCX	0.72	0.02	0.00	0.14	0.95	(0.67)	1.66	(2.18)	4.86
PRNHX	0.78	0.03	0.04	0.15	1.01	(0.82)	1.80	(1.29)	6.84

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