Alphacentric Strategic Correlations

Mutual Funds . USA . 
Fund . Alphacentric Strategic Income
SIIIX Fund  USD 16.61  0.05  0.30%   
The current 90-days correlation between Alphacentric Strategic and Alphacentric Symmetry Strategy is -0.03 (i.e., Good 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

Almost no diversification

The correlation between Alphacentric Strategic Income and DJI is 0.92 (i.e., Almost no 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

  0.7LYFAX Alphacentric LifesciPairCorr
  0.68LYFCX Alphacentric LifesciPairCorr
  0.69LYFIX Alphacentric LifesciPairCorr
  0.73HMXAX Alphacentric HedgedPairCorr
  0.74HMXCX Alphacentric HedgedPairCorr
  0.75HMXIX Alphacentric HedgedPairCorr
  0.91SYMAX Alphacentric SymmetryPairCorr
  0.93SYMIX Alphacentric SymmetryPairCorr
  0.96SIICX Alphacentric StrategicPairCorr
  0.91FASIX Fidelity Asset ManagerPairCorr
  0.91FTIWX Fidelity Asset ManagerPairCorr
  0.89FTDWX Fidelity Asset ManagerPairCorr
  0.91FTAWX Fidelity Asset ManagerPairCorr
  0.91FIKVX Fidelity Asset ManagerPairCorr
  0.91FTCWX Fidelity Asset ManagerPairCorr
  0.91VASIX Vanguard LifestrategyPairCorr
  0.93PFIPX Strategic Asset ManaPairCorr
  0.9FSMMX Fs Multi StrategyPairCorr
  0.87BTMPX Ishares Msci EafePairCorr
  0.91BTMKX Blackrock InternationalPairCorr
  0.9MDIIX Blackrock Intern IndexPairCorr
  0.77SPMPX Invesco Steelpath MlpPairCorr
  0.78MLPNX Oppenheimer Steelpath MlpPairCorr
  0.77MLPMX Oppenheimer Steelpath MlpPairCorr
  0.77SPMJX Invesco Steelpath MlpPairCorr
  0.75FXAIX Fidelity 500 IndexPairCorr
  0.9PFPWX Parnassus EndeavorPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.84FELIX Fidelity Advisor SemPairCorr
  0.72SMITX Invesco SummitPairCorr
  0.89ANDIX Aqr InternationalPairCorr
  0.85FCSKX Franklin ConvertiblePairCorr
  0.93OSCAX Oppenheimer Main StreetPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LYFAX  0.97  0.14  0.06 (1.30) 0.94 
(1.08)
 2.42 
(1.84)
 5.01 
LYFCX  0.96  0.09  0.05  0.22  1.04 
(1.06)
 2.40 
(1.81)
 5.67 
LYFIX  0.98  0.14  0.06 (1.11) 1.01 
(1.06)
 2.41 
(1.83)
 5.66 
IOFAX  0.15  0.00 (0.19) 0.20  0.12 
(0.22)
 0.27 
(0.27)
 0.96 
IOFCX  0.16  0.00 (0.21) 0.30  0.14 
(0.22)
 0.27 
(0.41)
 0.96 
IOFIX  0.16  0.01 (0.19) 0.20  0.08 
(0.22)
 0.27 
(0.41)
 0.96 
HMXAX  0.60  0.03 (0.04)(0.52) 0.89 
(0.57)
 1.19 
(1.64)
 5.09 
HMXCX  0.58 (0.04)(0.06) 0.00  0.86 
(0.56)
 1.01 
(1.61)
 5.29 
HMXIX  0.58 (0.04)(0.06) 0.00  0.86 
(0.56)
 1.00 
(1.63)
 4.96 
SYMAX  0.68  0.14  0.07 (20.25) 0.90 
(0.67)
 1.29 
(1.35)
 4.45 

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