Alphacentric Strategic Correlations

Mutual Funds USA . 
Fund . Alphacentric Strategic Income
SIICX Fund  USD 16.28  0.03  0.18%   
The current 90-days correlation between Alphacentric Strategic and Alphacentric Lifesci Healthcare is 0.6 (i.e., Poor diversification). The correlation of Alphacentric Strategic 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 Strategic Correlation With Market

Very good diversification

The correlation between Alphacentric Strategic Income and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Strategic Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alphacentric Strategic 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 main economic indicators.

Moving together with Alphacentric Mutual Fund

  0.9IOFAX Alphacentric IncomePairCorr
  0.88IOFCX Alphacentric IncomePairCorr
  0.89IOFIX Alphacentric IncomePairCorr
  0.97HMXAX Alphacentric HedgedPairCorr
  0.95HMXCX Alphacentric HedgedPairCorr
  0.95HMXIX Alphacentric HedgedPairCorr
  0.93SYMAX Alphacentric SymmetryPairCorr
  0.93SYMCX Alphacentric SymmetryPairCorr
  0.93SYMIX Alphacentric SymmetryPairCorr
  1.0SIIIX Alphacentric StrategicPairCorr
  0.95GNXAX Alphacentric Global Steady GrowthPairCorr
  0.93GNXCX Alphacentric Global Steady GrowthPairCorr
  0.93GNXIX Alphacentric Global Steady GrowthPairCorr
  0.94FASIX Fidelity Asset ManagerPairCorr
  0.94FTIWX Fidelity Asset ManagerPairCorr
  0.95FTDWX Fidelity Asset ManagerPairCorr
  0.95FTAWX Fidelity Asset ManagerPairCorr
  0.94FIKVX Fidelity Asset ManagerPairCorr
  0.94FTCWX Fidelity Asset ManagerPairCorr
  0.92VASIX Vanguard LifestrategyPairCorr
  0.94PFIPX Strategic Asset ManaPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.91PISLX Columbia Pyrford IntPairCorr
  0.96MMCGX Mid Cap GrowthPairCorr
  0.67RCWGX Capital World BondPairCorr
  0.71GMDZX Medium Duration BondPairCorr
  0.87HHMIX The Hartford MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Strategic 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 Strategic'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
LYFAX  0.82  0.01 (0.12) 0.05  1.18 
(0.77)
 1.61 
(1.91)
 4.77 
LYFCX  0.80 (0.15) 0.00 (0.05) 0.00 
 0.00 
 1.56 
(1.95)
 4.61 
LYFIX  0.80 (0.14) 0.00 (0.05) 0.00 
 0.00 
 1.51 
(1.98)
 4.73 
IOFAX  0.26  0.08 (0.19)(3.05) 0.00 
(0.34)
 0.57 
(0.41)
 1.55 
IOFCX  0.29  0.07 (0.19)(1.75) 0.12 
(0.37)
 0.68 
(0.43)
 2.22 
IOFIX  0.27  0.06 (0.18) 0.68  0.00 
(0.36)
 0.81 
(0.41)
 1.69 
HMXAX  0.39  0.20  0.11 (4.62) 0.00 
(0.47)
 1.18 
(0.64)
 2.36 
HMXCX  0.38  0.12  0.10  0.36  0.12 
(0.46)
 1.20 
(0.68)
 2.29 
HMXIX  0.39  0.12  0.10  0.36  0.01 
(0.47)
 1.15 
(0.66)
 2.34 
SYMAX  0.45  0.12 (0.02)(4.30) 0.36 
(0.53)
 1.28 
(0.99)
 2.94 

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