Matisse Discounted Correlations
| MDFIX Fund | USD 10.45 0.01 0.1% |
The current 90-days correlation between Matisse Discounted Bond and Alpine Ultra Short is 0.31 (i.e., Weak diversification). The correlation of Matisse Discounted 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.
Matisse Discounted Correlation With Market
Very weak diversification
The correlation between Matisse Discounted Bond and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matisse Discounted Bond and DJI in the same portfolio, assuming nothing else is changed.
Matisse |
Moving together with Matisse Mutual Fund
| 0.8 | MDCEX | Matisse Discounted | PairCorr |
| 0.7 | PONAX | Pimco Income | PairCorr |
| 0.68 | PONCX | Pimco Income | PairCorr |
| 0.79 | LBNDX | Lord Abbett Bond | PairCorr |
| 0.82 | FSTAX | Fidelity Advisor Str | PairCorr |
| 0.75 | FSRIX | Fidelity Advisor Str | PairCorr |
| 0.72 | RYMEX | Commodities Strategy | PairCorr |
| 0.71 | RYMJX | Commodities Strategy | PairCorr |
| 0.71 | RYMBX | Commodities Strategy | PairCorr |
| 0.72 | BRUFX | Bruce Fund Bruce | PairCorr |
| 0.76 | SPGSX | State Street Premier | PairCorr |
| 0.7 | KF | Korea Closed | PairCorr |
| 0.76 | VTTHX | Vanguard Target Reti | PairCorr |
| 0.74 | FESCX | First Eagle Small | PairCorr |
| 0.72 | ALFKX | Lord Abbett Alpha | PairCorr |
| 0.67 | STIRX | Pioneer Strategic Income | PairCorr |
| 0.82 | PLCHX | Pacific Funds High | PairCorr |
| 0.68 | MUHLX | Muhlenkamp Fund Inst | PairCorr |
| 0.69 | TISBX | Tiaa Cref Small | PairCorr |
| 0.79 | BRMIX | Blackrock Midcap Index | PairCorr |
| 0.68 | AMEFX | Income Fund | PairCorr |
| 0.63 | AWYIX | At Equity Income | PairCorr |
| 0.76 | PGRQX | Prudential Global Real | PairCorr |
| 0.68 | LAMCX | Lord Abbett Calibrated | PairCorr |
| 0.68 | VIVIX | Vanguard Value Index | PairCorr |
| 0.76 | JSPMX | Janus Global Allocation | PairCorr |
| 0.77 | TIHIX | Transamerica International | PairCorr |
| 0.83 | ALNYX | Ab New York | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Matisse Mutual Fund performing well and Matisse Discounted 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 Matisse Discounted'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VUBFX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.20 | |||
| TEPFX | 0.04 | 0.01 | 0.00 | 1.42 | 0.00 | 0.10 | 0.21 | |||
| FUEMX | 0.03 | 0.00 | 0.00 | 0.39 | 0.00 | 0.10 | 0.40 | |||
| HMJCX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.30 | |||
| AOUNX | 0.05 | 0.01 | (0.56) | (2.20) | 0.00 | 0.10 | 0.51 | |||
| TASTX | 0.07 | 0.00 | (0.56) | 0.70 | 0.00 | 0.10 | 0.51 | |||
| FULIX | 0.05 | 0.01 | 0.00 | (0.81) | 0.00 | 0.11 | 0.54 | |||
| ATOAX | 0.03 | 0.00 | 0.00 | (0.32) | 0.00 | 0.20 | 0.30 |