Holbrook Structured Correlations

Mutual Funds . USA . 
Fund . Holbrook Structured Income
HOSIX Fund  USD 9.78  0.00  0.00%   
The current 90-days correlation between Holbrook Structured and Holbrook Income Fund is 0.8 (i.e., Very poor diversification). The correlation of Holbrook Structured 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 Structured Correlation With Market

Significant diversification

The correlation between Holbrook Structured Income 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 Structured Income 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 Holbrook Structured Income. 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

  0.77HOBAX Holbrook IncomePairCorr
  0.99HOBEX Holbrook IncomePairCorr
  0.99HOBIX Holbrook IncomePairCorr
  1.0HOSAX Holbrook StructuredPairCorr
  1.0HOSTX Holbrook StructuredPairCorr
  0.91PONAX Pimco IncomePairCorr
  0.89PONCX Pimco IncomePairCorr
  0.91PIPNX Pimco IncomePairCorr
  0.9PONRX Pimco IncomePairCorr
  0.91PONPX Pimco Incme FundPairCorr
  0.91PIINX Pimco IncomePairCorr
  0.91PIMIX Pimco IncomePairCorr
  0.97LBNDX Lord Abbett BondPairCorr
  0.97FSTAX Fidelity Advisor StrPairCorr
  0.97FSRIX Fidelity Advisor StrPairCorr
  0.75NHS Neuberger Berman HighPairCorr
  0.7SCCIX Scout E BondPairCorr
  0.83ARTYX Artisan Developing WorldPairCorr
  0.94TRTFX T Rowe PricePairCorr
  0.88AVALX Aegis Value FundPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.97RNCCX American Funds IncomePairCorr
  0.95HRIIX Hood River InternationalPairCorr
  0.92BRSBX Mfs Blended ResearchPairCorr
  0.93PLIEX Plumb EquityPairCorr
  0.98FIQSX Fidelity Advisor FloatingPairCorr
  0.93HNCAX Hartford InternationalPairCorr
  0.94CEMDX Cullen Emerging MarketsPairCorr
  0.94NWAQX Nationwide DestinationPairCorr
  0.98MSTAX Mainstay Tax AdvantagedPairCorr
  0.95MISCX Bny Mellon SmallPairCorr
  0.96ITAAX Transamerica Short TermPairCorr
  0.9MKCPX Blackrock BalancedPairCorr
  0.93PTSIX Pimco InternationalPairCorr
  0.96MFCIX Meridian ContrarianPairCorr
  0.96TVRCX Guggenheim DirectionalPairCorr
  0.95SDYAX Simt Dynamic AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Holbrook Mutual Fund performing well and Holbrook Structured 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 Structured'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HOBEX  0.07  0.02 (0.76) 1.49  0.00 
(0.17)
 0.10 
(0.10)
 0.73 
HOSAX  0.06  0.02  0.00  3.48  0.00 
 0.00 
 0.10 
(0.10)
 0.73 
IPISX  0.23  0.01 (0.38) 0.21  0.22 
(0.25)
 0.38 
(0.46)
 1.03 
HRATX  0.44  0.10  0.07  0.29  0.20 
(0.49)
 1.33 
(1.03)
 2.94 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
CAF  0.68  0.21  0.10  6.29  0.49 
(0.84)
 1.85 
(1.11)
 4.35 
MITGX  0.58  0.08  0.06  0.22  0.51 
(0.66)
 1.30 
(1.37)
 4.01 
PWJZX  0.68  0.14  0.12  0.35  0.42 
(0.76)
 1.87 
(1.19)
 4.47 
PYICX  0.15  0.05 (0.36) 0.52  0.00 
(0.26)
 0.47 
(0.11)
 0.92 
LIRAX  0.25  0.05 (0.10) 0.29  0.00 
(0.29)
 0.64 
(0.48)
 1.73 

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