Altegris/aaca Opportunistic Correlations

RAAIX Fund

USD 13.89 0.01 0.07%

The correlation of Altegris/aaca Opportunistic 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.

Altegris/aaca Opportunistic Correlation With Market

Significant diversification

The correlation between Altegrisaaca Opportunistic Rea and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altegrisaaca Opportunistic Rea 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 Altegrisaaca Opportunistic Real. 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 Altegris/aaca Mutual Fund

0.62	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.63	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	RAANX	RAAAX	EVOIX	MBXIX	GURIX
RAANX		0.0	0.0	0.0	0.0	RAANX
RAAAX	0.0		-0.3	0.25	0.43	RAAAX
EVOIX	0.0	-0.3		-0.8	0.25	EVOIX
MBXIX	0.0	0.25	-0.8		0.01	MBXIX
GURIX	0.0	0.43	0.25	0.01		GURIX
	RAANX	RAAAX	EVOIX	MBXIX	GURIX

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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

GURIX	+ 0.43	RAAAX
MBXIX	+ 0.25	RAAAX
GURIX	+ 0.25	EVOIX
GURIX	+ 0.01	MBXIX
RAAAX	+ 0.0	RAANX
EVOIX	+ 0.0	RAANX

High negative correlations

MBXIX	- 0.8	EVOIX
EVOIX	- 0.3	RAAAX
GURIX	- 0.0	RAANX
MBXIX	- 0.0	RAANX
EVOIX	- 0.0	RAANX
RAAAX	- 0.0	RAANX

Risk-Adjusted Indicators

There is a big difference between Altegris/aaca Mutual Fund performing well and Altegris/aaca Opportunistic 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 Altegris/aaca Opportunistic'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
RAANX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RAAAX	0.71	0.10	(0.02)	5.06	0.76	(0.80)	1.51	(1.54)	4.25
EVOIX	0.49	(0.08)	0.00	(1.17)	0.00	0.00	0.84	(1.12)	2.76
MBXIX	0.33	0.09	(0.06)	(34.80)	0.00	(0.39)	0.69	(0.61)	2.78
GURIX	0.59	0.04	(0.07)	0.34	0.63	(0.68)	1.20	(1.09)	3.21

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