Variant Alternative Correlations
The correlation of Variant Alternative 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.
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Moving against Variant Mutual Fund
Related Correlations Analysis
| 0.95 | 0.8 | 0.93 | 0.91 | 0.92 | CAEIX | ||
| 0.95 | 0.81 | 0.95 | 0.97 | 0.89 | GMOWX | ||
| 0.8 | 0.81 | 0.83 | 0.81 | 0.9 | XGNTX | ||
| 0.93 | 0.95 | 0.83 | 0.95 | 0.9 | SEPIX | ||
| 0.91 | 0.97 | 0.81 | 0.95 | 0.9 | FIKAX | ||
| 0.92 | 0.89 | 0.9 | 0.9 | 0.9 | PDX | ||
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Risk-Adjusted Indicators
There is a big difference between Variant Mutual Fund performing well and Variant Alternative 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 Variant Alternative'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAEIX | 0.66 | 0.23 | 0.20 | 0.53 | 0.35 | 1.70 | 4.46 | |||
| GMOWX | 1.21 | 0.31 | 0.13 | (43.01) | 1.04 | 2.81 | 7.36 | |||
| XGNTX | 0.54 | 0.08 | (0.09) | (1.34) | 0.59 | 1.19 | 3.42 | |||
| SEPIX | 0.76 | 0.10 | 0.02 | 0.42 | 0.65 | 1.91 | 3.71 | |||
| FIKAX | 1.03 | 0.22 | 0.06 | (1.33) | 0.96 | 2.43 | 5.04 | |||
| PDX | 0.83 | 0.26 | 0.16 | 1.40 | 0.59 | 2.60 | 5.84 |