Alphacentric Hedged Correlations

Mutual Funds . USA . 
Fund . Alphacentric Hedged Market
HMXAX Fund  USD 28.37  0.08  0.28%   
The current 90-days correlation between Alphacentric Hedged and Alphacentric Hedged Market is -0.08 (i.e., Good diversification). The correlation of Alphacentric Hedged 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.

Alphacentric Hedged Correlation With Market

Good diversification

The correlation between Alphacentric Hedged Market and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Hedged Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphacentric Hedged Market. 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 nation.

Moving together with Alphacentric Mutual Fund

  0.91IOFAX Alphacentric IncomePairCorr
  0.89IOFCX Alphacentric IncomePairCorr
  0.9IOFIX Alphacentric IncomePairCorr
  0.99HMXCX Alphacentric HedgedPairCorr
  0.99HMXIX Alphacentric HedgedPairCorr
  0.96SYMAX Alphacentric SymmetryPairCorr
  0.96SYMCX Alphacentric SymmetryPairCorr
  0.96SYMIX Alphacentric SymmetryPairCorr
  0.97SIICX Alphacentric StrategicPairCorr
  0.97SIIIX Alphacentric StrategicPairCorr
  0.98GNXAX Alphacentric Global Steady GrowthPairCorr
  0.96GNXCX Alphacentric Global Steady GrowthPairCorr
  0.96GNXIX Alphacentric Global Steady GrowthPairCorr
  0.96JHQCX Jpmorgan Hedged EquityPairCorr
  0.96JHEQX Jpmorgan Hedged EquityPairCorr
  0.97JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.99GATEX Gateway Fund ClassPairCorr
  0.98JHDCX Jpmorgan Hedged EquityPairCorr
  0.98JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.98FAEGX Fidelity Advisor EquityPairCorr
  0.97YOVIX Yorktown Small CapPairCorr
  0.97TRKZX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Hedged 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 Alphacentric Hedged'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.

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