Equinox Campbell Correlations

EBSCX Fund  USD 9.19  0.03  0.33%   
The current 90-days correlation between Equinox Campbell Strategy and Rationalpier 88 Convertible is -0.01 (i.e., Good diversification). The correlation of Equinox Campbell 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.

Equinox Campbell Correlation With Market

Good diversification

The correlation between Equinox Campbell Strategy and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equinox Campbell Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Campbell 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 main economic indicators.

Moving together with Equinox Mutual Fund

  1.0EBSIX Campbell Systematic MacroPairCorr
  0.88EBSAX Campbell Systematic MacroPairCorr

Moving against Equinox Mutual Fund

  0.63SMPIX Semiconductor UltrasectorPairCorr
  0.62MBXFX Catalystmillburn HedgePairCorr
  0.62MBXIX Catalystmillburn HedgePairCorr
  0.62MBXAX Catalystmillburn HedgePairCorr
  0.62MBXCX Catalystmillburn HedgePairCorr
  0.61SMPSX Semiconductor UltrasectorPairCorr
  0.61RSNYX Victory Global NaturalPairCorr
  0.6RSNRX Victory Global NaturalPairCorr
  0.54PBAIX Blackrock TacticalPairCorr
  0.53BRBCX Blackrock TacticalPairCorr
  0.52PCBAX Blackrock TacticalPairCorr
  0.52PCBSX Blackrock TacticalPairCorr
  0.49EMO Clearbridge Energy MlpPairCorr
  0.66SWCAX Schwab California TaxPairCorr
  0.64FMVUX Matson Money EquityPairCorr
  0.63EQNRX Mfs Equity IncomePairCorr
  0.63MIFIX Miller Intermediate BondPairCorr
  0.62QNTIX Quantex Fund InstituPairCorr
  0.61RGNCX Victory Global NaturalPairCorr
  0.61RMORX Victory Rs MidPairCorr
  0.6RNCOX Rivernorth E OpportunityPairCorr
  0.6PXWIX Pax Ellevate GlobalPairCorr
  0.6ALMAX Alger Smidcap FocusPairCorr
  0.6RVPHX Royce Smaller CompaniesPairCorr
  0.57GTCAX Gamco Global TelecomPairCorr
  0.56PQSAX Virtus Kar SmallPairCorr
  0.56QICNX Aqr International MultiPairCorr
  0.55AECSX Emerging Markets SmallPairCorr
  0.39IREIX Ivy Advantus RealPairCorr
  0.32OSPPX Oppenheimer Steelpath MlpPairCorr
  0.32MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66DFUVX Us Large CapPairCorr
  0.65WEBAX Teton Westwood BalancedPairCorr
  0.64NSCFX Nuveen Nwq SmallPairCorr
  0.64BERCX Berwyn CornerstonePairCorr

Related Correlations Analysis

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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   
VAADXARBOX
LCFYXVAADX
LCFYXARBOX
VAADXPBXIX
LCFYXPBXIX
ARBOXPBXIX
  
High negative correlations   
LCFYXCCD
VAADXCCD
ARBOXCCD

Risk-Adjusted Indicators

There is a big difference between Equinox Mutual Fund performing well and Equinox Campbell 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 Equinox Campbell'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.