Alternative Credit Correlations

RCILX Fund

USD 9.22 0.02 0.22%

The current 90-days correlation between Alternative Credit Income and Doubleline Total Return is 0.17 (i.e., Average diversification). The correlation of Alternative Credit 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.

Alternative Credit Correlation With Market

Good diversification

The correlation between Alternative Credit Income and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Credit Income 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 Alternative Credit 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 bureau of economic analysis.

Moving together with Alternative Mutual Fund

0.73	HPQ	HP Inc	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr

Moving against Alternative Mutual Fund

0.74	MMM	3M Company	Pair Corr
0.73	LFRIX	Floating Rate	Pair Corr
0.66	BA	Boeing	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.63	AXP	American Express	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr
0.39	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	DLTNX	MSTBX	MBSAX	BBINX	ABNCX	BXHCX	OWFIX
DLTNX		0.58	0.67	0.83	0.76	0.54	0.87	DLTNX
MSTBX	0.58		0.76	0.59	0.42	0.8	0.54	MSTBX
MBSAX	0.67	0.76		0.79	0.44	0.86	0.55	MBSAX
BBINX	0.83	0.59	0.79		0.52	0.74	0.65	BBINX
ABNCX	0.76	0.42	0.44	0.52		0.42	0.88	ABNCX
BXHCX	0.54	0.8	0.86	0.74	0.42		0.45	BXHCX
OWFIX	0.87	0.54	0.55	0.65	0.88	0.45		OWFIX
	DLTNX	MSTBX	MBSAX	BBINX	ABNCX	BXHCX	OWFIX

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Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Credit 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 Alternative Credit'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
DLTNX	0.21	(0.01)	(0.27)	(0.84)	0.24	(0.27)	0.58	(0.46)	1.50
MSTBX	0.10	0.00	(0.48)	(0.26)	0.05	(0.15)	0.21	(0.21)	0.62
MBSAX	0.20	0.01	(0.21)	0.46	0.23	(0.22)	0.52	(0.45)	1.55
BBINX	0.15	(0.01)	(0.23)	(0.40)	0.21	(0.20)	0.30	(0.29)	1.27
ABNCX	0.14	(0.01)	(0.41)	(0.23)	0.16	(0.17)	0.20	(0.30)	0.70
BXHCX	0.12	0.01	(0.25)	(2.14)	0.00	(0.20)	0.37	(0.25)	1.11
OWFIX	0.15	(0.01)	(0.35)	(0.17)	0.17	(0.23)	0.30	(0.30)	1.10

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