Alphacentric Strategic Correlations

SIIIX Fund

USD 16.43 0.08 0.48%

The current 90-days correlation between Alphacentric Strategic and Alphacentric Lifesci Healthcare is 0.39 (i.e., Weak diversification). The correlation of Alphacentric Strategic 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.

Alphacentric Strategic Correlation With Market

Average diversification

The correlation between Alphacentric Strategic Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Strategic Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alphacentric Strategic 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 gross domestic product.

Moving together with Alphacentric Mutual Fund

0.62	HMXAX	Alphacentric Hedged	Pair Corr
0.64	HMXCX	Alphacentric Hedged	Pair Corr
0.64	HMXIX	Alphacentric Hedged	Pair Corr
0.87	SYMAX	Alphacentric Symmetry	Pair Corr
0.88	SYMCX	Alphacentric Symmetry	Pair Corr
0.88	SYMIX	Alphacentric Symmetry	Pair Corr
0.87	SIICX	Alphacentric Strategic	Pair Corr
0.66	FASIX	Fidelity Asset Manager	Pair Corr
0.61	FTIWX	Fidelity Asset Manager	Pair Corr
0.63	FTDWX	Fidelity Asset Manager	Pair Corr
0.64	FTAWX	Fidelity Asset Manager	Pair Corr
0.61	FIKVX	Fidelity Asset Manager	Pair Corr
0.76	PFIPX	Strategic Asset Mana	Pair Corr
0.68	GAAKX	Gmo Alternative Allo	Pair Corr
0.66	GAAGX	Gmo Alternative Allo	Pair Corr
0.61	GPMFX	Guidepath Managed Futures	Pair Corr
0.63	PQTAX	Pimco Trends Managed	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.69	PQTIX	Aa Pimco Tr	Pair Corr
0.69	VMLUX	Vanguard Limited Term	Pair Corr
0.68	BIPIX	Biotechnology Ultrasector	Pair Corr
0.79	GRSPX	Greenspring Fund Retail	Pair Corr
0.71	ISESX	Voya Index Solution	Pair Corr

Moving against Alphacentric Mutual Fund

0.34

GNXAX

Alphacentric Global

Pair Corr

Related Correlations Analysis

	LYFAX	LYFCX	LYFIX	IOFAX	IOFCX	IOFIX	HMXAX	HMXCX	HMXIX	SYMAX
LYFAX		0.97	0.96	0.66	0.61	0.61	0.33	0.29	0.32	0.51	LYFAX
LYFCX	0.97		1.0	0.64	0.59	0.61	0.3	0.3	0.32	0.46	LYFCX
LYFIX	0.96	1.0		0.65	0.6	0.62	0.26	0.25	0.28	0.42	LYFIX
IOFAX	0.66	0.64	0.65		0.99	0.91	0.33	0.33	0.35	0.24	IOFAX
IOFCX	0.61	0.59	0.6	0.99		0.92	0.28	0.28	0.3	0.15	IOFCX
IOFIX	0.61	0.61	0.62	0.91	0.92		0.21	0.25	0.27	0.13	IOFIX
HMXAX	0.33	0.3	0.26	0.33	0.28	0.21		0.88	0.88	0.73	HMXAX
HMXCX	0.29	0.3	0.25	0.33	0.28	0.25	0.88		1.0	0.7	HMXCX
HMXIX	0.32	0.32	0.28	0.35	0.3	0.27	0.88	1.0		0.69	HMXIX
SYMAX	0.51	0.46	0.42	0.24	0.15	0.13	0.73	0.7	0.69		SYMAX
	LYFAX	LYFCX	LYFIX	IOFAX	IOFCX	IOFIX	HMXAX	HMXCX	HMXIX	SYMAX

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Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Strategic 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 Alphacentric Strategic'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
LYFAX	0.86	0.30	0.24	21.48	0.64	(1.06)	2.00	(1.56)	4.78
LYFCX	0.83	0.24	0.19	1.08	0.72	(1.02)	1.97	(1.40)	5.69
LYFIX	0.85	0.23	0.17	1.05	0.82	(1.00)	1.93	(1.52)	5.63
IOFAX	0.16	0.01	(0.17)	0.26	0.15	(0.25)	0.40	(0.27)	1.36
IOFCX	0.16	0.01	(0.19)	0.35	0.14	(0.23)	0.27	(0.40)	1.09
IOFIX	0.17	0.00	(0.19)	2.04	0.16	(0.25)	0.40	(0.40)	1.49
HMXAX	0.60	0.03	0.02	0.10	0.86	(0.56)	1.19	(1.37)	4.41
HMXCX	0.61	0.05	0.00	0.47	0.91	(0.57)	1.22	(1.37)	4.61
HMXIX	0.60	0.05	0.00	0.47	0.89	(0.57)	1.20	(1.39)	4.30
SYMAX	0.54	0.06	0.02	0.32	0.60	(0.55)	1.14	(1.29)	2.95

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