Alphacentric Strategic Correlations

SIIIX Fund

USD 16.54 0.02 0.12%

The current 90-days correlation between Alphacentric Strategic and T Rowe Price is 0.41 (i.e., Very 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

Very poor diversification

The correlation between Alphacentric Strategic Income and DJI is 0.89 (i.e., Very poor 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

0.74	LYFAX	Alphacentric Lifesci	Pair Corr
0.72	LYFCX	Alphacentric Lifesci	Pair Corr
0.72	LYFIX	Alphacentric Lifesci	Pair Corr
0.69	HMXAX	Alphacentric Hedged	Pair Corr
0.73	HMXCX	Alphacentric Hedged	Pair Corr
0.73	HMXIX	Alphacentric Hedged	Pair Corr
0.93	SYMAX	Alphacentric Symmetry	Pair Corr
0.95	SYMCX	Alphacentric Symmetry	Pair Corr
0.95	SYMIX	Alphacentric Symmetry	Pair Corr
1.0	SIICX	Alphacentric Strategic	Pair Corr
0.9	FASIX	Fidelity Asset Manager	Pair Corr
0.9	FTIWX	Fidelity Asset Manager	Pair Corr
0.84	FTDWX	Fidelity Asset Manager	Pair Corr
0.85	FTAWX	Fidelity Asset Manager	Pair Corr
0.9	FIKVX	Fidelity Asset Manager	Pair Corr
0.87	FTCWX	Fidelity Asset Manager	Pair Corr
0.82	VASIX	Vanguard Lifestrategy	Pair Corr
0.91	PFIPX	Strategic Asset Mana	Pair Corr
0.74	PFN	Pimco Income Strategy	Pair Corr
0.62	CIF	Mfs Intermediate High	Pair Corr
0.93	VYRDX	Vy Columbia Small	Pair Corr
0.97	ICSCX	Icm Small Pany	Pair Corr
0.86	SNIEX	Dreyfusnewton International	Pair Corr
0.93	DVZRX	Delaware Small Cap	Pair Corr
0.9	HGIIX	Hartford E Equity	Pair Corr
0.95	AVEFX	Ave Maria Bond	Pair Corr
0.81	WHYIX	Wells Fargo Advantage	Pair Corr

Moving against Alphacentric Mutual Fund

0.78	XNBHX	Neuberger Berman Int	Pair Corr
0.66	XNXJX	Nuveen New Jersey	Pair Corr
0.63	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	FBJYGX	REMVX	FVKVWX	MFTFX	ABVCX	LMUSX	RPBAX
FBJYGX		0.87	0.88	0.81	0.88	0.78	0.84	FBJYGX
REMVX	0.87		0.81	0.89	0.84	0.78	0.85	REMVX
FVKVWX	0.88	0.81		0.73	0.81	0.68	0.74	FVKVWX
MFTFX	0.81	0.89	0.73		0.88	0.84	0.91	MFTFX
ABVCX	0.88	0.84	0.81	0.88		0.91	0.94	ABVCX
LMUSX	0.78	0.78	0.68	0.84	0.91		0.95	LMUSX
RPBAX	0.84	0.85	0.74	0.91	0.94	0.95		RPBAX
	FBJYGX	REMVX	FVKVWX	MFTFX	ABVCX	LMUSX	RPBAX

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
FBJYGX	0.52	0.14	0.10	(8.64)	0.48	(0.60)	1.25	(1.04)	3.24
REMVX	0.57	0.16	0.22	0.37	0.21	(0.76)	1.24	(0.82)	2.94
FVKVWX	0.65	0.21	0.15	(0.45)	0.49	(0.82)	1.66	(1.27)	3.53
MFTFX	1.06	0.15	0.09	0.47	1.01	(1.25)	2.62	(1.78)	5.99
ABVCX	0.73	0.20	0.28	0.24	0.31	(0.96)	1.52	(1.12)	10.97
LMUSX	0.60	0.05	0.03	0.13	0.74	(0.61)	1.26	(1.35)	4.94
RPBAX	0.43	0.09	0.11	0.28	0.24	(0.49)	0.81	(0.75)	5.96

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