Cushing Mlp Correlations

SRV Fund

USD 44.39 0.36 0.80%

The current 90-days correlation between Cushing Mlp Total and MFS Investment Grade is 0.1 (i.e., Average diversification). The correlation of Cushing Mlp 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.

Cushing Mlp Correlation With Market

Modest diversification

The correlation between Cushing Mlp Total and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cushing Mlp Total 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 Cushing Mlp Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cushing Fund

0.77	PHK	Pimco High Income	Pair Corr
0.63	HIO	Western Asset High	Pair Corr
0.71	HIX	Western Asset High	Pair Corr
0.73	PCN	Pimco Corporate Income	Pair Corr
0.78	PFN	Pimco Income Strategy	Pair Corr
0.68	PTY	Pimco Corporate Income	Pair Corr
0.83	RIV	Rivernorth Opportunities	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Cushing Fund

0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.51	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	EHI	Western Asset Global	Pair Corr
0.43	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.32	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	DTF	CXE
CXH		0.67	0.69	0.48	0.73	CXH
EOT	0.67		0.73	0.25	0.74	EOT
MQT	0.69	0.73		0.16	0.89	MQT
DTF	0.48	0.25	0.16		0.11	DTF
CXE	0.73	0.74	0.89	0.11		CXE
	CXH	EOT	MQT	DTF	CXE

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Risk-Adjusted Indicators

There is a big difference between Cushing Fund performing well and Cushing Mlp 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 Cushing Mlp'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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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