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

1.0	EBSIX	Campbell Systematic Macro	Pair Corr
0.88	EBSAX	Campbell Systematic Macro	Pair Corr

Moving against Equinox Mutual Fund

0.63	SMPIX	Semiconductor Ultrasector	Pair Corr
0.62	MBXFX	Catalystmillburn Hedge	Pair Corr
0.62	MBXIX	Catalystmillburn Hedge	Pair Corr
0.62	MBXAX	Catalystmillburn Hedge	Pair Corr
0.62	MBXCX	Catalystmillburn Hedge	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.61	RSNYX	Victory Global Natural	Pair Corr
0.6	RSNRX	Victory Global Natural	Pair Corr
0.54	PBAIX	Blackrock Tactical	Pair Corr
0.53	BRBCX	Blackrock Tactical	Pair Corr
0.52	PCBAX	Blackrock Tactical	Pair Corr
0.52	PCBSX	Blackrock Tactical	Pair Corr
0.49	EMO	Clearbridge Energy Mlp	Pair Corr
0.66	SWCAX	Schwab California Tax	Pair Corr
0.64	FMVUX	Matson Money Equity	Pair Corr
0.63	EQNRX	Mfs Equity Income	Pair Corr
0.63	MIFIX	Miller Intermediate Bond	Pair Corr
0.62	QNTIX	Quantex Fund Institu	Pair Corr
0.61	RGNCX	Victory Global Natural	Pair Corr
0.61	RMORX	Victory Rs Mid	Pair Corr
0.6	RNCOX	Rivernorth E Opportunity	Pair Corr
0.6	PXWIX	Pax Ellevate Global	Pair Corr
0.6	ALMAX	Alger Smidcap Focus	Pair Corr
0.6	RVPHX	Royce Smaller Companies	Pair Corr
0.57	GTCAX	Gamco Global Telecom	Pair Corr
0.56	PQSAX	Virtus Kar Small	Pair Corr
0.56	QICNX	Aqr International Multi	Pair Corr
0.55	AECSX	Emerging Markets Small	Pair Corr
0.39	IREIX	Ivy Advantus Real	Pair Corr
0.32	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.32	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	DFUVX	Us Large Cap	Pair Corr
0.65	WEBAX	Teton Westwood Balanced	Pair Corr
0.64	NSCFX	Nuveen Nwq Small	Pair Corr
0.64	BERCX	Berwyn Cornerstone	Pair Corr

Related Correlations Analysis

	PBXIX	CCD	ARBOX	VAADX	LCFYX
PBXIX		0.12	0.89	0.9	0.9	PBXIX
CCD	0.12		-0.22	-0.24	-0.25	CCD
ARBOX	0.89	-0.22		0.99	0.98	ARBOX
VAADX	0.9	-0.24	0.99		0.99	VAADX
LCFYX	0.9	-0.25	0.98	0.99		LCFYX
	PBXIX	CCD	ARBOX	VAADX	LCFYX

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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

VAADX	+ 0.99	ARBOX
LCFYX	+ 0.99	VAADX
LCFYX	+ 0.98	ARBOX
VAADX	+ 0.9	PBXIX
LCFYX	+ 0.9	PBXIX
ARBOX	+ 0.89	PBXIX

High negative correlations

LCFYX	- 0.25	CCD
VAADX	- 0.24	CCD
ARBOX	- 0.22	CCD

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBXIX	0.34	0.00	(0.22)	0.20	0.26	(0.44)	0.83	(0.54)	2.63
CCD	0.61	(0.03)	(0.16)	0.13	0.80	(0.64)	1.32	(1.03)	4.97
ARBOX	0.06	0.03	(1.85)	9.89	0.00	(0.12)	0.18	(0.09)	0.35
VAADX	0.41	0.24	0.02	(2.71)	0.00	(0.53)	1.20	(0.81)	2.65
LCFYX	0.41	0.13	0.02	0.52	0.00	(0.52)	1.19	(0.53)	2.40

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