Holbrook Income Correlations

The current 90-days correlation between Holbrook Income and Icon Natural Resources is -0.03 (i.e., Good diversification). The correlation of Holbrook Income 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.

Holbrook Income Correlation With Market

Significant diversification

The correlation between Holbrook Income Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Income Fund 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. 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 gross domestic product.

Moving together with Holbrook Mutual Fund

0.69	HOBEX	Holbrook Income	Pair Corr
0.71	HOSAX	Holbrook Structured	Pair Corr
0.71	HOSIX	Holbrook Structured	Pair Corr
0.7	HOSTX	Holbrook Structured	Pair Corr
0.66	VFSIX	Vanguard Short Term	Pair Corr
0.66	VFSTX	Vanguard Short Term	Pair Corr
0.63	VBITX	Vanguard Short Term	Pair Corr
0.62	VBISX	Vanguard Short Term	Pair Corr
0.62	LALDX	Lord Abbett Short	Pair Corr
0.64	VSCSX	Vanguard Short Term	Pair Corr
0.66	LDLAX	Lord Abbett Short	Pair Corr
0.64	LDLRX	Lord Abbett Short	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.64	VSMPX	Vanguard Total Stock	Pair Corr
0.64	VITSX	Vanguard Total Stock	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VINIX	Vanguard Institutional	Pair Corr
0.65	VTSAX	Vanguard Total Stock	Pair Corr
0.64	SBAPX	Segall Bryant Hamill	Pair Corr
0.62	HLMOX	Harding Loevner Frontier	Pair Corr
0.62	ARYIX	One Choice 2035	Pair Corr
0.63	VYGNX	Voya Global Multi	Pair Corr
0.63	CRTBX	Conquer Risk Tactical	Pair Corr
0.64	EMDIX	Federated Emerging Market	Pair Corr
0.63	PRFCX	Preferred Securities	Pair Corr
0.64	RITAX	American High Income	Pair Corr
0.61	BGEAX	Brandes Global Equity	Pair Corr
0.61	HNCVX	Harbor Vertible Secu	Pair Corr
0.68	DDLDX	Doubleline Low Duration	Pair Corr
0.66	PGLSX	Global Multi Strategy	Pair Corr

Moving against Holbrook Mutual Fund

0.51

GPSCX

Victory Rs Small

Pair Corr

Related Correlations Analysis

	ICBAX	GRHAX	CAEIX	HNRGX	DNLAX	PNRCX	FIKAX
ICBAX		0.91	0.97	0.89	0.95	0.91	0.91	ICBAX
GRHAX	0.91		0.93	0.93	0.95	0.98	0.92	GRHAX
CAEIX	0.97	0.93		0.91	0.97	0.96	0.92	CAEIX
HNRGX	0.89	0.93	0.91		0.97	0.94	0.99	HNRGX
DNLAX	0.95	0.95	0.97	0.97		0.98	0.98	DNLAX
PNRCX	0.91	0.98	0.96	0.94	0.98		0.94	PNRCX
FIKAX	0.91	0.92	0.92	0.99	0.98	0.94		FIKAX
	ICBAX	GRHAX	CAEIX	HNRGX	DNLAX	PNRCX	FIKAX

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Risk-Adjusted Indicators

There is a big difference between Holbrook Mutual Fund performing well and Holbrook Income 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 Holbrook Income'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
ICBAX	0.93	0.12	0.10	0.26	0.80	(1.05)	2.15	(1.75)	5.13
GRHAX	0.94	0.40	0.29	(4.51)	0.40	(1.17)	2.28	(1.42)	5.23
CAEIX	0.65	0.23	0.20	0.52	0.34	(0.83)	1.70	(1.05)	4.46
HNRGX	0.96	0.14	0.05	0.55	0.95	(1.10)	2.12	(1.85)	5.11
DNLAX	0.92	0.21	0.16	0.54	0.64	(1.14)	2.34	(1.31)	4.94
PNRCX	0.67	0.21	0.14	2.12	0.35	(0.79)	1.74	(1.00)	3.80
FIKAX	1.03	0.15	0.06	0.53	0.96	(1.27)	2.43	(2.02)	5.04

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