Counterpoint Tactical Correlations
| TMNIX Fund | USD 10.66 0.03 0.28% |
The current 90-days correlation between Counterpoint Tactical and Firsthand Technology Opportunities is 0.17 (i.e., Average diversification). The correlation of Counterpoint Tactical 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.
Counterpoint Tactical Correlation With Market
Modest diversification
The correlation between Counterpoint Tactical Municipa and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Municipa and DJI in the same portfolio, assuming nothing else is changed.
Counterpoint |
Moving together with Counterpoint Mutual Fund
| 1.0 | TMNCX | Counterpoint Tactical | PairCorr |
| 1.0 | TMNAX | Counterpoint Tactical | PairCorr |
| 0.74 | NHMAX | Nuveen High Yield | PairCorr |
| 0.86 | NHCCX | Nuveen High Yield | PairCorr |
| 0.82 | NHMRX | Nuveen High Yield | PairCorr |
| 0.82 | NHMFX | Nuveen High Yield | PairCorr |
| 0.83 | ABHFX | American High Income | PairCorr |
| 0.93 | AHICX | American High Income | PairCorr |
| 0.89 | AMHIX | American High Income | PairCorr |
| 0.92 | GHYCX | Goldman Sachs High | PairCorr |
| 0.89 | GHYAX | Goldman Sachs High | PairCorr |
| 0.91 | ACTDX | Invesco High Yield | PairCorr |
| 0.62 | VTISX | Vanguard Total Inter | PairCorr |
| 0.62 | VTPSX | Vanguard Total Inter | PairCorr |
Moving against Counterpoint Mutual Fund
| 0.59 | DAMDX | Dunham Monthly Distr | PairCorr |
| 0.49 | VCMDX | Vanguard Commodity | PairCorr |
| 0.43 | SFHIX | Shenkman Floating Rate | PairCorr |
| 0.41 | RSFYX | Victory Floating Rate | PairCorr |
Related Correlations Analysis
| -0.06 | 0.89 | 0.72 | 0.61 | 0.76 | TEFQX | ||
| -0.06 | -0.1 | -0.22 | 0.53 | 0.38 | ICTEX | ||
| 0.89 | -0.1 | 0.79 | 0.6 | 0.74 | GISTX | ||
| 0.72 | -0.22 | 0.79 | 0.22 | 0.4 | CMTFX | ||
| 0.61 | 0.53 | 0.6 | 0.22 | 0.8 | ITYYX | ||
| 0.76 | 0.38 | 0.74 | 0.4 | 0.8 | HTECX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Counterpoint Mutual Fund performing well and Counterpoint Tactical 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 Counterpoint Tactical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEFQX | 1.35 | 0.03 | 0.01 | 0.08 | 1.88 | 2.95 | 8.29 | |||
| ICTEX | 0.86 | (0.08) | 0.00 | (0.31) | 0.00 | 1.45 | 7.14 | |||
| GISTX | 1.03 | 0.07 | 0.03 | 0.22 | 1.55 | 2.20 | 7.34 | |||
| CMTFX | 0.98 | 0.04 | 0.02 | 2.42 | 1.32 | 1.96 | 5.99 | |||
| ITYYX | 1.25 | (0.04) | 0.00 | (0.03) | 0.00 | 2.38 | 12.95 | |||
| HTECX | 1.02 | (0.01) | (0.01) | 0.00 | 1.56 | 1.67 | 9.04 |