Monachil Credit Correlations

MONIX Fund

10.02 0.00 0.00%

The current 90-days correlation between Monachil Credit Income and Omni Small Cap Value is -0.07 (i.e., Good diversification). The correlation of Monachil Credit 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.

Monachil Credit Correlation With Market

Good diversification

The correlation between Monachil Credit Income and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monachil Credit Income 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 Monachil Credit Income. 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 gross domestic product.

Moving together with Monachil Mutual Fund

0.62	MCD	McDonalds	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.83	MRK	Merck Company Sell-off Trend	Pair Corr
0.78	XOM	Exxon Mobil Corp	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.77	BAC	Bank of America Earnings Call This Week	Pair Corr
0.62	KO	Coca Cola	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.77	AXP	American Express	Pair Corr

Moving against Monachil Mutual Fund

0.88	MSFT	Microsoft	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.61	T	ATT Inc	Pair Corr

Related Correlations Analysis

	BOSVX	FLDFX	CHASX	CFNLX	ABVCX	PAEIX	ARTQX	TMSRX
BOSVX		0.94	0.91	0.64	0.95	0.88	0.94	0.72	BOSVX
FLDFX	0.94		0.95	0.65	0.94	0.94	0.93	0.82	FLDFX
CHASX	0.91	0.95		0.69	0.9	0.88	0.91	0.81	CHASX
CFNLX	0.64	0.65	0.69		0.65	0.61	0.52	0.64	CFNLX
ABVCX	0.95	0.94	0.9	0.65		0.87	0.91	0.7	ABVCX
PAEIX	0.88	0.94	0.88	0.61	0.87		0.87	0.87	PAEIX
ARTQX	0.94	0.93	0.91	0.52	0.91	0.87		0.65	ARTQX
TMSRX	0.72	0.82	0.81	0.64	0.7	0.87	0.65		TMSRX
	BOSVX	FLDFX	CHASX	CFNLX	ABVCX	PAEIX	ARTQX	TMSRX

Risk-Adjusted Indicators

There is a big difference between Monachil Mutual Fund performing well and Monachil Credit 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 Monachil Credit'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
BOSVX	0.99	0.16	0.14	0.22	0.81	(1.17)	2.20	(1.44)	8.85
FLDFX	0.48	0.04	0.03	0.11	0.47	(0.54)	0.93	(0.95)	3.74
CHASX	1.09	0.21	0.16	0.26	1.05	(1.25)	1.99	(2.53)	12.57
CFNLX	0.06	0.00	(0.51)	0.00	0.00	(0.10)	0.21	(0.05)	0.48
ABVCX	0.75	0.25	0.23	(30.99)	0.45	(0.98)	1.47	(1.09)	10.52
PAEIX	0.61	0.03	0.02	0.10	0.73	(0.65)	1.29	(1.27)	2.81
ARTQX	0.84	0.06	0.08	0.11	0.70	(1.06)	1.86	(1.10)	9.49
TMSRX	0.12	0.01	(0.19)	0.12	0.00	(0.18)	0.23	(0.34)	0.91

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