Braddock Multi Correlations

BDKCX Fund

USD 6.53 0.01 0.15%

The current 90-days correlation between Braddock Multi Strategy and Transamerica Intermediate Muni is -0.28 (i.e., Very good diversification). The correlation of Braddock Multi 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.

Braddock Multi Correlation With Market

Modest diversification

The correlation between Braddock Multi Strategy Income 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 Braddock Multi Strategy Income 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 Braddock Multi Strategy 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 main economic indicators.

Moving together with Braddock Mutual Fund

0.95	BDKNX	Braddock Multi Strategy	Pair Corr
0.94	BDKAX	Braddock Multi Strategy	Pair Corr
0.81	RBNAX	Robinson Opportunistic	Pair Corr
0.85	RBNCX	Robinson Opportunistic	Pair Corr
0.85	RBNNX	Robinson Opportunistic	Pair Corr
0.92	PONAX	Pimco Income	Pair Corr
0.96	PONCX	Pimco Income	Pair Corr
0.92	PIPNX	Pimco Income	Pair Corr
0.97	PONRX	Pimco Income	Pair Corr
0.96	PONPX	Pimco Incme Fund	Pair Corr
0.97	PIINX	Pimco Income	Pair Corr
0.96	PIMIX	Pimco Income	Pair Corr
0.91	LBNDX	Lord Abbett Bond	Pair Corr
0.92	FSTAX	Fidelity Advisor Str	Pair Corr
0.92	FSRIX	Fidelity Advisor Str	Pair Corr
0.88	PFN	Pimco Income Strategy	Pair Corr
0.85	CIF	Mfs Intermediate High	Pair Corr
0.61	NXJ	Nuveen New Jersey	Pair Corr
0.79	PCF	Putnam High Income	Pair Corr
0.81	GGCCX	Gabelli Growth	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.85	OBMCX	Oberweis Micro Cap	Pair Corr
0.84	CYYYX	Columbia Thermostat	Pair Corr
0.8	NWASX	Nationwide Destination	Pair Corr
0.82	VITAX	Vanguard Information	Pair Corr
0.82	IASMX	Guinness Atkinson Asia Steady Growth	Pair Corr
0.72	FPHAX	Pharmaceuticals Portfolio	Pair Corr
0.8	JTRBX	Jpmorgan Smartretirement	Pair Corr
0.92	PYEMX	Payden Emerging Markets	Pair Corr
0.91	RPSIX	Spectrum Income	Pair Corr
0.88	TNXAX	1290 Doubleline Dynamic	Pair Corr

Moving against Braddock Mutual Fund

0.39	XNBHX	Neuberger Berman Int	Pair Corr
0.37	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	TIMTX	PCMNX	JHSFX	DNCGX	FCSCX	MSTPX	AUNCX	SSAGX
TIMTX		0.96	0.88	0.65	0.82	0.98	0.86	0.75	TIMTX
PCMNX	0.96		0.96	0.79	0.86	0.97	0.9	0.87	PCMNX
JHSFX	0.88	0.96		0.83	0.9	0.89	0.86	0.95	JHSFX
DNCGX	0.65	0.79	0.83		0.84	0.71	0.7	0.87	DNCGX
FCSCX	0.82	0.86	0.9	0.84		0.8	0.81	0.89	FCSCX
MSTPX	0.98	0.97	0.89	0.71	0.8		0.88	0.76	MSTPX
AUNCX	0.86	0.9	0.86	0.7	0.81	0.88		0.77	AUNCX
SSAGX	0.75	0.87	0.95	0.87	0.89	0.76	0.77		SSAGX
	TIMTX	PCMNX	JHSFX	DNCGX	FCSCX	MSTPX	AUNCX	SSAGX

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Risk-Adjusted Indicators

There is a big difference between Braddock Mutual Fund performing well and Braddock Multi 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 Braddock Multi'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
TIMTX	0.14	0.02	(0.53)	(0.63)	0.00	(0.19)	0.29	(0.29)	1.17
PCMNX	0.12	0.03	(0.56)	(0.83)	0.00	(0.16)	0.26	(0.17)	1.02
JHSFX	0.10	0.03	(0.74)	19.85	0.00	(0.16)	0.30	(0.10)	0.70
DNCGX	0.19	0.01	(0.42)	0.24	0.15	(0.22)	0.32	(0.41)	1.05
FCSCX	0.06	0.00	(0.90)	0.49	0.00	(0.19)	0.13	(0.13)	0.53
MSTPX	0.12	0.02	(0.57)	(0.49)	0.00	(0.18)	0.31	(0.21)	1.15
AUNCX	0.13	0.02	(0.52)	1.16	0.00	(0.16)	0.28	(0.19)	1.15
SSAGX	0.06	0.01	(1.17)	0.49	0.00	(0.18)	0.10	(0.10)	0.61

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