Centerstone Investors Correlations

CENTX Fund

USD 13.77 0.02 0.15%

The current 90-days correlation between Centerstone Investors and Centerstone Investors Fund is -0.19 (i.e., Good diversification). The correlation of Centerstone Investors 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.

Centerstone Investors Correlation With Market

Very weak diversification

The correlation between Centerstone Investors Fund and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centerstone Investors Fund 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 Centerstone Investors Fund. 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 estimate.

Moving together with Centerstone Mutual Fund

1.0	CENNX	Centerstone Investors	Pair Corr
0.64	CETAX	Centerstone Investors	Pair Corr
0.69	RIRAX	Capital Income Builder	Pair Corr
0.69	RIRCX	Capital Income Builder	Pair Corr
0.69	CIREX	Capital Income Builder	Pair Corr
0.69	RIRBX	Capital Income Builder	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.71	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr
0.66	OBMCX	Oberweis Micro Cap	Pair Corr
0.75	KAMIX	Kensington Managed Income	Pair Corr
0.96	TNXAX	1290 Doubleline Dynamic	Pair Corr
0.96	ICTEX	Icon Information Tec	Pair Corr
0.62	NWHZX	Nationwide Geneva Small	Pair Corr
0.68	GCIGX	Gamco International	Pair Corr
0.98	JTRBX	Jpmorgan Smartretirement	Pair Corr
0.96	GCMUX	Goldman Sachs Mid	Pair Corr
0.67	JFQUX	Jpmorgan Investor	Pair Corr
0.68	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.97	CYYYX	Columbia Thermostat	Pair Corr

Related Correlations Analysis

	CENTX	CETAX	PINCX	FGUAX	MXBSX	FRLPX	BTEUX	SWHCX	SAMHX
CENTX		0.64	0.41	0.52	0.98	0.59	0.97	0.59	0.96	CENTX
CETAX	0.64		0.66	0.88	0.65	0.97	0.68	0.96	0.68	CETAX
PINCX	0.41	0.66		0.83	0.43	0.7	0.45	0.68	0.57	PINCX
FGUAX	0.52	0.88	0.83		0.55	0.91	0.57	0.91	0.64	FGUAX
MXBSX	0.98	0.65	0.43	0.55		0.64	0.99	0.64	0.97	MXBSX
FRLPX	0.59	0.97	0.7	0.91	0.64		0.67	1.0	0.66	FRLPX
BTEUX	0.97	0.68	0.45	0.57	0.99	0.67		0.67	0.96	BTEUX
SWHCX	0.59	0.96	0.68	0.91	0.64	1.0	0.67		0.66	SWHCX
SAMHX	0.96	0.68	0.57	0.64	0.97	0.66	0.96	0.66		SAMHX
	CENTX	CETAX	PINCX	FGUAX	MXBSX	FRLPX	BTEUX	SWHCX	SAMHX

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Risk-Adjusted Indicators

There is a big difference between Centerstone Mutual Fund performing well and Centerstone Investors 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 Centerstone Investors' 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
CENTX	0.37	0.10	(0.01)	0.53	0.15	(0.43)	0.82	(0.67)	2.19
CETAX	0.38	0.11	(0.05)	(9.81)	0.24	(0.44)	0.82	(0.74)	2.20
PINCX	0.23	0.02	(0.32)	(1.82)	0.18	(0.30)	0.40	(0.40)	1.21
FGUAX	0.06	0.01	(1.09)	0.95	0.00	(0.16)	0.10	(0.10)	0.52
MXBSX	0.48	0.10	0.07	0.29	0.29	(0.58)	1.55	(1.10)	3.53
FRLPX	0.43	0.21	0.15	5.55	0.00	(0.55)	1.45	(0.82)	3.26
BTEUX	1.03	0.34	0.29	0.45	0.61	(1.25)	2.92	(1.77)	6.51
SWHCX	0.47	0.20	0.12	9.42	0.15	(0.55)	1.66	(0.81)	3.95
SAMHX	0.17	0.05	(0.29)	0.50	0.00	(0.28)	0.65	(0.25)	1.05

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Centerstone Investors Correlations

Centerstone Investors Correlation With Market

Very weak diversification

Moving together with Centerstone Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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