Alphacentric Municipal Correlations
| MUNCXDelisted Fund | USD 8.27 0.00 0.00% |
The current 90-days correlation between Alphacentric Municipal and Delaware Limited Term Diversified is 0.07 (i.e., Significant diversification). The correlation of Alphacentric Municipal 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 Municipal Correlation With Market
Significant diversification
The correlation between Alphacentric Municipal Opportu and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Municipal Opportu and DJI in the same portfolio, assuming nothing else is changed.
Alphacentric |
Moving together with Alphacentric Mutual Fund
| 0.67 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Alphacentric Mutual Fund
| 0.81 | LETRX | Voya Russia Fund | PairCorr |
| 0.77 | LSHUX | Horizon Spin Off Downward Rally | PairCorr |
| 0.77 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.77 | LSHCX | Horizon Spin Off Downward Rally | PairCorr |
| 0.76 | KMKCX | Kinetics Market Oppo | PairCorr |
| 0.76 | KNPCX | Kinetics Paradigm | PairCorr |
| 0.76 | KNPYX | Kinetics Paradigm | PairCorr |
| 0.76 | WWNPX | Kinetics Paradigm | PairCorr |
| 0.76 | KNPAX | Kinetics Paradigm | PairCorr |
| 0.75 | KMKAX | Kinetics Market Oppo | PairCorr |
| 0.89 | CSCO | Cisco Systems | PairCorr |
| 0.88 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.74 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.68 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.64 | HD | Home Depot | PairCorr |
| 0.62 | DIS | Walt Disney Sell-off Trend | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Municipal 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 Municipal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DTICX | 0.07 | (0.01) | (0.77) | (0.42) | 0.09 | 0.13 | 0.51 | |||
| PASVX | 0.72 | 0.03 | 0.07 | 0.13 | 0.48 | 1.74 | 6.47 | |||
| HUDEX | 0.60 | 0.02 | 0.04 | 0.14 | 0.44 | 1.58 | 5.46 | |||
| LIGFX | 0.24 | 0.00 | (0.27) | 0.11 | 0.16 | 0.55 | 1.23 | |||
| OIDAX | 0.59 | (0.07) | 0.00 | (0.05) | 0.00 | 1.16 | 4.20 | |||
| DSCPX | 0.77 | 0.05 | 0.09 | 0.15 | 0.51 | 1.74 | 6.20 | |||
| XWDIX | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.32 | 1.39 |
Alphacentric Municipal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alphacentric Municipal mutual fund to make a market-neutral strategy. Peer analysis of Alphacentric Municipal could also be used in its relative valuation, which is a method of valuing Alphacentric Municipal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Alphacentric Municipal Opportunities?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.