Phenixfin Correlations

PFX Stock

USD 46.28 0.22 0.47%

The current 90-days correlation between Phenixfin and Invesco Advantage MIT is -0.13 (i.e., Good diversification). The correlation of Phenixfin 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.

Phenixfin Correlation With Market

Good diversification

The correlation between Phenixfin and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phenixfin 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 Phenixfin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Phenixfin Stock please use our How to Invest in Phenixfin guide.

Moving against Phenixfin Stock

0.38	EMCGU	Embrace Change Acqui	Pair Corr
0.37	BRACU	Broad Capital Acquisition	Pair Corr
0.33	VINP	Vinci Partners Inves	Pair Corr
0.32	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF	ETO
VKI		0.81	0.46	-0.02	0.72	0.75	0.82	0.64	0.54	0.19	VKI
VKQ	0.81		0.62	-0.25	0.88	0.71	0.82	0.7	0.46	0.05	VKQ
VCV	0.46	0.62		-0.78	0.79	0.65	0.75	0.62	0.0	-0.33	VCV
VCTR	-0.02	-0.25	-0.78		-0.45	-0.26	-0.33	-0.26	0.49	0.53	VCTR
VGM	0.72	0.88	0.79	-0.45		0.85	0.91	0.84	0.42	0.05	VGM
IQI	0.75	0.71	0.65	-0.26	0.85		0.93	0.91	0.53	0.34	IQI
VMO	0.82	0.82	0.75	-0.33	0.91	0.93		0.88	0.48	0.12	VMO
CXE	0.64	0.7	0.62	-0.26	0.84	0.91	0.88		0.51	0.36	CXE
KTF	0.54	0.46	0.0	0.49	0.42	0.53	0.48	0.51		0.46	KTF
ETO	0.19	0.05	-0.33	0.53	0.05	0.34	0.12	0.36	0.46		ETO
	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF	ETO

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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

VMO	+ 0.93	IQI
VMO	+ 0.91	VGM
CXE	+ 0.91	IQI
VGM	+ 0.88	VKQ
CXE	+ 0.88	VMO
IQI	+ 0.85	VGM

High negative correlations

VCTR	- 0.78	VCV
VGM	- 0.45	VCTR
VMO	- 0.33	VCTR
ETO	- 0.33	VCV
CXE	- 0.26	VCTR
IQI	- 0.26	VCTR

Risk-Adjusted Indicators

There is a big difference between Phenixfin Stock performing well and Phenixfin Company 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 Phenixfin'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
VKI	0.38	0.01	(0.18)	(1.68)	0.41	(0.44)	0.79	(0.66)	2.47
VKQ	0.36	0.00	(0.21)	0.28	0.44	(0.41)	0.80	(0.90)	2.19
VCV	0.52	(0.06)	0.00	(0.57)	0.00	0.00	0.95	(0.97)	3.87
VCTR	1.65	0.22	0.14	0.21	1.90	(1.79)	3.47	(3.17)	14.16
VGM	0.35	(0.01)	(0.20)	0.60	0.47	(0.38)	0.68	(0.78)	2.66
IQI	0.40	(0.02)	(0.18)	(0.04)	0.54	(0.38)	0.79	(0.70)	2.30
VMO	0.39	0.00	(0.17)	0.03	0.52	(0.39)	0.82	(1.01)	2.43
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34
KTF	0.42	0.05	(0.09)	(1.40)	0.47	(0.52)	1.12	(0.61)	3.40
ETO	0.55	(0.06)	(0.10)	0.00	0.88	(0.48)	0.78	(1.49)	3.50

Phenixfin Corporate Management

Ryan Phalen	Managing Director	Profile
Gerald Cummins	Chief Officer	Profile
Benjamin Tilewick	Senior Analyst	Profile
Chris Cannellos	Controller	Profile
Ellida CPA	Chief Officer	Profile
Therese Dyman	Controller	Profile

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