Pinnacle Sherman Correlations

APSHX Fund

USD 12.75 0.03 0.23%

The current 90-days correlation between Pinnacle Sherman Multi and Franklin Natural Resources is 0.35 (i.e., Weak diversification). The correlation of Pinnacle Sherman 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.

Pinnacle Sherman Correlation With Market

Poor diversification

The correlation between Pinnacle Sherman Multi Strateg and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinnacle Sherman Multi Strateg and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle Sherman Multi Strategy. 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 rate.

Moving together with Pinnacle Mutual Fund

0.94	PAALX	All Asset Fund	Pair Corr
0.94	PATRX	Pimco All Asset	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.94	PALPX	Pimco All Asset	Pair Corr
0.93	PASAX	All Asset Fund	Pair Corr
0.94	PASCX	All Asset Fund	Pair Corr
0.94	PAANX	Pimco All Asset	Pair Corr
0.89	PAUPX	Pimco All Asset	Pair Corr
0.9	PAUIX	Pimco All Asset	Pair Corr
0.65	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.66	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.93	BA	Boeing Earnings Call This Week	Pair Corr
0.65	IBM	International Business	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr

Moving against Pinnacle Mutual Fund

0.56

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	FRNRX	IENIX	GRHAX	ICBMX	PEO	SEPIX	XGNTX
FRNRX		0.97	0.97	0.91	0.96	0.97	0.84	FRNRX
IENIX	0.97		0.92	0.84	0.98	0.97	0.8	IENIX
GRHAX	0.97	0.92		0.89	0.9	0.91	0.86	GRHAX
ICBMX	0.91	0.84	0.89		0.86	0.92	0.72	ICBMX
PEO	0.96	0.98	0.9	0.86		0.96	0.7	PEO
SEPIX	0.97	0.97	0.91	0.92	0.96		0.77	SEPIX
XGNTX	0.84	0.8	0.86	0.72	0.7	0.77		XGNTX
	FRNRX	IENIX	GRHAX	ICBMX	PEO	SEPIX	XGNTX

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Risk-Adjusted Indicators

There is a big difference between Pinnacle Mutual Fund performing well and Pinnacle Sherman 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 Pinnacle Sherman'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
FRNRX	0.65	0.12	(0.08)	0.88	0.48	(0.81)	1.51	(1.02)	3.68
IENIX	0.89	0.12	(0.05)	1.03	0.87	(0.99)	1.86	(1.39)	4.26
GRHAX	0.95	0.42	0.23	(2.52)	0.29	(1.21)	2.17	(0.96)	5.23
ICBMX	0.91	0.11	0.05	0.36	0.73	(1.04)	2.11	(1.69)	5.15
PEO	0.79	0.12	(0.05)	0.85	0.75	(0.88)	1.71	(1.51)	4.13
SEPIX	0.74	0.08	(0.09)	0.47	0.65	(0.85)	1.41	(1.35)	3.53
XGNTX	0.52	0.09	(0.18)	(1.10)	0.55	(0.60)	1.19	(1.03)	3.42

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