Alpine Global Correlations

XAGDX Fund

USD 11.25 0.03 0.27%

The current 90-days correlation between Alpine Global Dynamic and Vanguard Total Stock is -0.05 (i.e., Good diversification). The correlation of Alpine Global 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.

Alpine Global Correlation With Market

Good diversification

The correlation between Alpine Global Dynamic and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpine Global Dynamic and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Alpine Global Dynamic. 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 unemployment.

Moving together with Alpine Mutual Fund

0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VTSMX	Vanguard Total Stock	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.62	VSTSX	Vanguard Total Stock	Pair Corr
0.62	VSMPX	Vanguard Total Stock	Pair Corr
0.63	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.66	VTIAX	Vanguard Total Inter	Pair Corr
0.91	PFN	Pimco Income Strategy	Pair Corr
0.92	CIF	Mfs Intermediate High	Pair Corr
0.66	NXJ	Nuveen New Jersey	Pair Corr
0.93	PCF	Putnam High Income	Pair Corr
0.92	USDIX	Ubs Ultra Short	Pair Corr
0.98	ISGAX	Voya Solution Balanced	Pair Corr
0.99	MITTX	Massachusetts Investors	Pair Corr
0.95	MECZX	Amg Managers Cadence	Pair Corr
0.94	TEDTX	Tiaa Cref Emerging	Pair Corr
0.96	GSPQX	Goldman Sachs Equity	Pair Corr
0.96	SMGAX	Saat Servative Strategy	Pair Corr
0.95	MCYIX	Mainstay Candriam	Pair Corr
0.98	BSPSX	Blackrock Sp 500	Pair Corr
0.96	VLSMX	Valic Company I	Pair Corr
0.94	SWCGX	Schwab Markettrack	Pair Corr
0.97	JFFYX	Jpmorgan Smartretirement	Pair Corr
0.96	LEKKX	Blackrock Lifepath Esg	Pair Corr
0.94	GSFSX	Goldman Sachs Short	Pair Corr
0.97	CGQYX	Columbia Disciplined	Pair Corr
0.95	MSQLX	International Equity	Pair Corr
0.68	DIMIX	Dreyfus Short Interm	Pair Corr
0.96	PPNMX	Smallcap Growth	Pair Corr

Moving against Alpine Mutual Fund

0.42	XDSMX	Dreyfus Strategic	Pair Corr
0.39	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.57	0.98	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.58	0.98	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.57	0.98	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.57	0.98	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.57	0.98	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.57	0.98	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.57	0.98	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.58	0.98	VFFSX
VGTSX	0.57	0.58	0.57	0.57	0.57	0.57	0.57	0.58		0.63	VGTSX
VTIAX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.63		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Alpine Mutual Fund performing well and Alpine Global 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 Alpine Global'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
VTSAX	0.62	0.24	0.28	0.48	0.00	(0.78)	2.07	(0.81)	5.05
VFIAX	0.60	0.23	0.30	0.44	0.00	(0.77)	2.02	(0.79)	4.88
VTSMX	0.62	0.23	0.29	0.46	0.00	(0.76)	2.08	(0.81)	5.04
VITSX	0.62	0.23	0.28	0.46	0.00	(0.76)	2.07	(0.81)	5.05
VSTSX	0.62	0.23	0.29	0.43	0.00	(0.74)	2.08	(0.81)	5.04
VSMPX	0.62	0.23	0.29	0.46	0.00	(0.76)	2.08	(0.81)	5.04
VFINX	0.61	0.23	0.30	0.46	0.00	(0.79)	2.02	(0.79)	4.88
VFFSX	0.60	0.23	0.30	0.44	0.00	(0.73)	2.02	(0.78)	4.88
VGTSX	0.47	0.23	0.14	(4.35)	0.08	(0.54)	1.31	(0.84)	3.09
VTIAX	0.45	0.14	0.10	0.47	0.22	(0.52)	1.35	(0.86)	3.10

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