Alphacentric Strategic Correlations

SIIIX Fund

USD 16.81 0.01 0.06%

The current 90-days correlation between Alphacentric Strategic and Alphacentric Lifesci Healthcare is -0.05 (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

Weak diversification

The correlation between Alphacentric Strategic Income and DJI is 0.38 (i.e., Weak 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

0.7	IOFCX	Alphacentric Income	Pair Corr
0.75	IOFIX	Alphacentric Income	Pair Corr
0.62	SYMCX	Alphacentric Symmetry	Pair Corr
1.0	SIICX	Alphacentric Strategic	Pair Corr
0.79	PAALX	All Asset Fund	Pair Corr
0.79	PATRX	Pimco All Asset	Pair Corr
0.79	PAAIX	All Asset Fund	Pair Corr
0.79	PALPX	Pimco All Asset	Pair Corr
0.79	PASAX	All Asset Fund	Pair Corr
0.73	PASCX	All Asset Fund	Pair Corr
0.73	PAANX	Pimco All Asset	Pair Corr
0.77	PAUPX	Pimco All Asset	Pair Corr
0.75	PAUIX	Pimco All Asset	Pair Corr

Moving against Alphacentric Mutual Fund

0.4	GNXAX	Alphacentric Global	Pair Corr
0.33	INPIX	Internet Ultrasector	Pair Corr
0.33	INPSX	Internet Ultrasector	Pair Corr
0.55	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.41	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.39	RQECX	Resq Dynamic Allocation	Pair Corr
0.31	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	LYFAX	LYFCX	LYFIX	IOFAX	IOFCX	IOFIX	HMXAX	HMXCX	HMXIX	SYMAX
LYFAX		0.9	0.9	0.36	0.37	0.35	-0.49	-0.48	-0.49	0.02	LYFAX
LYFCX	0.9		1.0	0.41	0.38	0.4	-0.5	-0.49	-0.5	0.02	LYFCX
LYFIX	0.9	1.0		0.4	0.36	0.38	-0.48	-0.47	-0.48	0.02	LYFIX
IOFAX	0.36	0.41	0.4		0.92	1.0	-0.62	-0.62	-0.62	0.35	IOFAX
IOFCX	0.37	0.38	0.36	0.92		0.92	-0.6	-0.59	-0.6	0.27	IOFCX
IOFIX	0.35	0.4	0.38	1.0	0.92		-0.62	-0.61	-0.62	0.36	IOFIX
HMXAX	-0.49	-0.5	-0.48	-0.62	-0.6	-0.62		1.0	1.0	0.2	HMXAX
HMXCX	-0.48	-0.49	-0.47	-0.62	-0.59	-0.61	1.0		1.0	0.2	HMXCX
HMXIX	-0.49	-0.5	-0.48	-0.62	-0.6	-0.62	1.0	1.0		0.2	HMXIX
SYMAX	0.02	0.02	0.02	0.35	0.27	0.36	0.2	0.2	0.2		SYMAX
	LYFAX	LYFCX	LYFIX	IOFAX	IOFCX	IOFIX	HMXAX	HMXCX	HMXIX	SYMAX

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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

LYFIX	+ 1.0	LYFCX
IOFIX	+ 1.0	IOFAX
HMXCX	+ 1.0	HMXAX
HMXIX	+ 1.0	HMXAX
HMXIX	+ 1.0	HMXCX
IOFCX	+ 0.92	IOFAX

High negative correlations

HMXIX	- 0.62	IOFIX
HMXAX	- 0.62	IOFIX
HMXIX	- 0.62	IOFAX
HMXCX	- 0.62	IOFAX
HMXAX	- 0.62	IOFAX
HMXCX	- 0.61	IOFIX

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	0.66	(0.07)	0.00	(1.07)	0.00	0.00	1.22	(1.65)	3.82
LYFCX	0.66	(0.13)	0.00	(0.08)	0.00	0.00	1.17	(1.69)	3.68
LYFIX	0.66	(0.12)	0.00	(0.07)	0.00	0.00	1.20	(1.70)	3.71
IOFAX	0.21	(0.02)	0.00	3.55	0.00	0.00	0.40	(0.40)	1.59
IOFCX	0.22	(0.03)	0.00	(0.94)	0.00	0.00	0.40	(0.52)	1.59
IOFIX	0.20	(0.01)	0.00	1.19	0.00	0.00	0.40	(0.40)	1.45
HMXAX	0.41	0.00	(0.06)	0.12	0.52	(0.42)	0.97	(0.91)	2.96
HMXCX	0.41	0.00	(0.07)	0.12	0.54	(0.41)	0.99	(0.93)	2.97
HMXIX	0.41	0.00	(0.06)	0.12	0.54	(0.42)	0.98	(0.88)	2.92
SYMAX	0.54	(0.03)	(0.10)	0.08	0.63	(0.55)	0.98	(0.97)	2.80

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