Variant Alternative Correlations

Mutual Funds . USA . 
Fund . Variant Alternative Income
NICHX Fund  USD 26.28  0.07  0.27%   
The current 90-days correlation between Variant Alternative and Pace Municipal Fixed is -0.03 (i.e., Good diversification). The correlation of Variant Alternative 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.

Variant Alternative Correlation With Market

Average diversification

The correlation between Variant Alternative Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Variant Alternative 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 Variant Alternative 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 rate.

Moving together with Variant Mutual Fund

  0.67VTSAX Vanguard Total StockPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.68VTSMX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.76VTIAX Vanguard Total InterPairCorr
  0.69VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.78WMT Walmart Common Stock Aggressive PushPairCorr
  0.79CAT CaterpillarPairCorr
  0.83BAC Bank of AmericaPairCorr
  0.75JPM JPMorgan ChasePairCorr
  0.94MRK Merck Company Sell-off TrendPairCorr
  0.88DD Dupont De NemoursPairCorr
  0.87AA Alcoa Corp Earnings Call This WeekPairCorr
  0.66TRV The Travelers Companies Earnings Call This WeekPairCorr
  0.66PFE Pfizer Inc Aggressive PushPairCorr
  0.71AXP American ExpressPairCorr

Moving against Variant Mutual Fund

  0.82XNBHX Neuberger Berman IntPairCorr
  0.79XNXJX Nuveen New JerseyPairCorr
  0.6XDSMX Dreyfus StrategicPairCorr
  0.84HPQ HP IncPairCorr
  0.75PG Procter Gamble Earnings Call This WeekPairCorr
  0.67T ATT IncPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Variant Mutual Fund performing well and Variant Alternative 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 Variant Alternative'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.

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