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.
Equinox |
Moving together with Equinox Mutual Fund
Moving against Equinox Mutual Fund
0.63 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.62 | MBXFX | Catalystmillburn Hedge | PairCorr |
0.62 | MBXIX | Catalystmillburn Hedge | PairCorr |
0.62 | MBXAX | Catalystmillburn Hedge | PairCorr |
0.62 | MBXCX | Catalystmillburn Hedge | PairCorr |
0.61 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.61 | RSNYX | Victory Global Natural | PairCorr |
0.6 | RSNRX | Victory Global Natural | PairCorr |
0.54 | PBAIX | Blackrock Tactical | PairCorr |
0.53 | BRBCX | Blackrock Tactical | PairCorr |
0.52 | PCBAX | Blackrock Tactical | PairCorr |
0.52 | PCBSX | Blackrock Tactical | PairCorr |
0.49 | EMO | Clearbridge Energy Mlp | PairCorr |
0.66 | SWCAX | Schwab California Tax | PairCorr |
0.64 | FMVUX | Matson Money Equity | PairCorr |
0.63 | EQNRX | Mfs Equity Income | PairCorr |
0.63 | MIFIX | Miller Intermediate Bond | PairCorr |
0.62 | QNTIX | Quantex Fund Institu | PairCorr |
0.61 | RGNCX | Victory Global Natural | PairCorr |
0.61 | RMORX | Victory Rs Mid | PairCorr |
0.6 | RNCOX | Rivernorth E Opportunity | PairCorr |
0.6 | PXWIX | Pax Ellevate Global | PairCorr |
0.6 | ALMAX | Alger Smidcap Focus | PairCorr |
0.6 | RVPHX | Royce Smaller Companies | PairCorr |
0.57 | GTCAX | Gamco Global Telecom | PairCorr |
0.56 | PQSAX | Virtus Kar Small | PairCorr |
0.56 | QICNX | Aqr International Multi | PairCorr |
0.55 | AECSX | Emerging Markets Small | PairCorr |
0.39 | IREIX | Ivy Advantus Real | PairCorr |
0.32 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
0.32 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
0.66 | DFUVX | Us Large Cap | PairCorr |
0.65 | WEBAX | Teton Westwood Balanced | PairCorr |
0.64 | NSCFX | Nuveen Nwq Small | PairCorr |
0.64 | BERCX | Berwyn Cornerstone | PairCorr |
Related Correlations Analysis
0.12 | 0.89 | 0.9 | 0.9 | PBXIX | ||
0.12 | -0.22 | -0.24 | -0.25 | CCD | ||
0.89 | -0.22 | 0.99 | 0.98 | ARBOX | ||
0.9 | -0.24 | 0.99 | 0.99 | VAADX | ||
0.9 | -0.25 | 0.98 | 0.99 | 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
| High negative correlations
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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 | 0.83 | 2.63 | |||
CCD | 0.61 | (0.03) | (0.16) | 0.13 | 0.80 | 1.32 | 4.97 | |||
ARBOX | 0.06 | 0.03 | (1.85) | 9.89 | 0.00 | 0.18 | 0.35 | |||
VAADX | 0.41 | 0.24 | 0.02 | (2.71) | 0.00 | 1.20 | 2.65 | |||
LCFYX | 0.41 | 0.13 | 0.02 | 0.52 | 0.00 | 1.19 | 2.40 |