Otter Creek Correlations

OTCRX Fund

USD 14.97 0.08 0.53%

The current 90-days correlation between Otter Creek Longshort and Boston Partners Global is -0.09 (i.e., Good diversification). The correlation of Otter Creek 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.

Otter Creek Correlation With Market

Poor diversification

The correlation between Otter Creek Longshort and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Otter Creek Longshort and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otter Creek Longshort. 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 metropolitan statistical area.

Moving together with Otter Mutual Fund

1.0	OTTRX	Otter Creek Longshort	Pair Corr
0.67	BDMAX	Blackrock Global Long	Pair Corr
0.66	BDMCX	Blackrock Global Lng	Pair Corr
0.68	BDMIX	Blackrock Gbl Lng	Pair Corr
0.67	BGCKX	Blackrock Global Lon	Pair Corr
0.9	PFN	Pimco Income Strategy	Pair Corr
0.94	RFEBX	American Funds Funda	Pair Corr
0.67	CPLIX	Calamos Phineus Longshort	Pair Corr
0.75	ABVCX	Ab Value Fund	Pair Corr
0.72	BDJ	Blackrock Enhanced Equity	Pair Corr
0.83	FXAIX	Fidelity 500 Index	Pair Corr
0.8	MCSMX	Matthews China Small	Pair Corr
0.78	AMGOX	Alger Mid Cap	Pair Corr
0.74	FFRHX	Fidelity Advisor Floating	Pair Corr
0.71	RTSAX	Tax Managed Mid	Pair Corr
0.84	PRWAX	T Rowe Price	Pair Corr
0.7	LMBAX	Qs Small Capitalization	Pair Corr
0.83	BPIRX	Boston Partners Longshort	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.61	REJTX	American Funds 2015	Pair Corr
0.92	FLCNX	Fidelity Contrafund	Pair Corr
0.83	PWTAX	Ubs Allocation	Pair Corr
0.82	ASTZX	Astor Long/short	Pair Corr
0.75	TRBUX	T Rowe Price	Pair Corr
0.72	GUMPX	Guggenheim Market Neutral	Pair Corr
0.75	WIGRX	Wasatch E Growth	Pair Corr
0.77	NUSAX	Nationwide Government	Pair Corr

Moving against Otter Mutual Fund

0.81	PFHCX	Pacific Funds Small	Pair Corr
0.46	CBHCX	Victory Cemp Market	Pair Corr
0.33	PFATX	Pimco Fundamental	Pair Corr

Related Correlations Analysis

	BGRSX	AMFAX	PQTAX	QLENX	OTTRX
BGRSX		0.57	0.61	-0.58	-0.87	BGRSX
AMFAX	0.57		0.85	-0.36	-0.53	AMFAX
PQTAX	0.61	0.85		-0.11	-0.64	PQTAX
QLENX	-0.58	-0.36	-0.11		0.52	QLENX
OTTRX	-0.87	-0.53	-0.64	0.52		OTTRX
	BGRSX	AMFAX	PQTAX	QLENX	OTTRX

Click cells to compare fundamentals

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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

PQTAX	+ 0.85	AMFAX
PQTAX	+ 0.61	BGRSX
AMFAX	+ 0.57	BGRSX
OTTRX	+ 0.52	QLENX

High negative correlations

OTTRX	- 0.87	BGRSX
OTTRX	- 0.64	PQTAX
QLENX	- 0.58	BGRSX
OTTRX	- 0.53	AMFAX
QLENX	- 0.36	AMFAX
QLENX	- 0.11	PQTAX

Risk-Adjusted Indicators

There is a big difference between Otter Mutual Fund performing well and Otter Creek 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 Otter Creek'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
BGRSX	0.38	(0.14)	0.00	2.81	0.00	0.00	0.53	(0.66)	9.07
AMFAX	0.40	(0.07)	0.00	(0.08)	0.00	0.00	0.79	(0.92)	2.43
PQTAX	0.47	(0.06)	0.00	(0.10)	0.00	0.00	0.82	(1.09)	2.35
QLENX	0.31	0.08	(0.10)	(1.54)	0.20	(0.38)	0.76	(0.57)	2.17
OTTRX	0.54	0.00	(0.05)	0.13	0.76	(0.54)	1.28	(1.50)	3.39

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