Counterpoint Tactical Correlations

CPCEX Fund

USD 21.45 0.46 2.19%

The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.59 (i.e., Very weak 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

Good diversification

The correlation between Counterpoint Tactical Equity and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Equity 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 Counterpoint Tactical Equity. 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 commodities.

Moving together with Counterpoint Mutual Fund

0.68	TMNIX	Counterpoint Tactical	Pair Corr
0.67	TMNCX	Counterpoint Tactical	Pair Corr
0.68	TMNAX	Counterpoint Tactical	Pair Corr
0.76	CPATX	Counterpoint Tactical	Pair Corr
1.0	CPAEX	Counterpoint Tactical	Pair Corr
0.73	CPCTX	Counterpoint Tactical	Pair Corr
0.89	CPIEX	Counterpoint Tactical	Pair Corr
0.76	CPITX	Counterpoint Tactical	Pair Corr
0.63	NLSCX	Neuberger Berman Long	Pair Corr
0.65	NLSAX	Neuberger Berman Long	Pair Corr
0.66	NLSIX	Neuberger Berman Long	Pair Corr
0.68	DHLSX	Diamond Hill Long	Pair Corr
0.74	DIAYX	Diamond Hill Long	Pair Corr
0.69	DIAMX	Diamond Hill Long	Pair Corr
0.88	ASLAX	Ab Select Longshort	Pair Corr
0.7	UNWPX	World Precious Minerals	Pair Corr
0.78	VFWAX	Vanguard Ftse All	Pair Corr
0.91	JILGX	Multimanager Lifestyle	Pair Corr
0.84	EMSLX	Shelton Emerging Markets	Pair Corr
0.8	AAHYX	Thrivent Diversified	Pair Corr
0.73	QMHNX	Aqr Managed Futures	Pair Corr
0.75	VTMGX	Vanguard Developed	Pair Corr
0.61	HCBRX	Harbor Core Bond	Pair Corr
0.67	EMOIX	Eaton Vance Municipal	Pair Corr
0.8	CCATX	American Funds 2010	Pair Corr
0.81	FWWNX	American Funds New	Pair Corr
0.81	JRETX	J Hancock Ii	Pair Corr
0.69	STISX	Federated Strategic	Pair Corr
0.73	JCCSX	Alps/corecommodity	Pair Corr
0.73	PHDCX	High Yield Fund	Pair Corr
0.75	FLRUX	Infrastructure Fund	Pair Corr

Moving against Counterpoint Mutual Fund

0.84	PWLIX	Pimco Rae Worldwide	Pair Corr
0.83	PWLMX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	CPATX	CPAEX	CPCTX	CPCEX	CPIEX	CPITX	CPQIX	CPQCX	CPQAX
CPATX		0.76	0.99	0.76	0.75	0.99	0.0	0.0	0.0	CPATX
CPAEX	0.76		0.72	1.0	0.89	0.76	0.0	0.0	0.0	CPAEX
CPCTX	0.99	0.72		0.73	0.72	0.98	0.0	0.0	0.0	CPCTX
CPCEX	0.76	1.0	0.73		0.89	0.76	0.0	0.0	0.0	CPCEX
CPIEX	0.75	0.89	0.72	0.89		0.75	0.0	0.0	0.0	CPIEX
CPITX	0.99	0.76	0.98	0.76	0.75		0.0	0.0	0.0	CPITX
CPQIX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CPQIX
CPQCX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CPQCX
CPQAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CPQAX
	CPATX	CPAEX	CPCTX	CPCEX	CPIEX	CPITX	CPQIX	CPQCX	CPQAX

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

CPCEX	+ 1.0	CPAEX
CPCTX	+ 0.99	CPATX
CPITX	+ 0.99	CPATX
CPITX	+ 0.98	CPCTX
CPIEX	+ 0.89	CPAEX
CPIEX	+ 0.89	CPCEX

High negative correlations

CPQAX	- 0.0	CPQCX
CPQAX	- 0.0	CPQIX
CPQCX	- 0.0	CPQIX
CPQAX	- 0.0	CPITX
CPQCX	- 0.0	CPITX
CPQIX	- 0.0	CPITX

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
CPATX	0.13	0.01	(0.06)	0.22	0.08	(0.17)	0.27	(0.27)	1.07
CPAEX	0.69	(0.01)	(0.03)	0.12	1.00	(0.65)	1.24	(1.50)	4.07
CPCTX	0.12	0.00	(0.08)	0.12	0.07	(0.18)	0.27	(0.18)	0.99
CPCEX	0.68	(0.01)	0.00	0.19	0.00	0.00	1.25	(1.52)	4.06
CPIEX	0.71	0.01	0.00	0.02	0.98	(0.71)	1.34	(1.50)	4.09
CPITX	0.13	0.01	(0.05)	0.26	0.03	(0.18)	0.27	(0.27)	1.08
CPQIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPQCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPQAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC