Alpine Global Correlations

AIAFX Fund

USD 23.64 0.07 0.30%

The current 90-days correlation between Alpine Global Infras and Alpine Global Infrastructure is 1.0 (i.e., No risk reduction). 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

Very good diversification

The correlation between Alpine Global Infrastructure and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpine Global Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpine Global Infrastructure. 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 census.

Moving together with Alpine Mutual Fund

0.67	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.65	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.66	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.73	CGFIX	Aberdeen Global Fixed	Pair Corr
0.68	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.65	ATOAX	Alpine Ultra Short	Pair Corr
0.77	ATOBX	Aberdeen Ultra Short	Pair Corr
0.8	ATOIX	Alpine Ultra Short	Pair Corr
0.67	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.73	AGCIX	Aberdeen Global Unco	Pair Corr
0.79	GOPRX	Aberdeen China Oppty	Pair Corr
0.76	GOPSX	Aberdeen China Oppty	Pair Corr
0.8	GOPAX	Aberdeen China Oppty	Pair Corr
0.79	GOPCX	Aberdeen China Oppty	Pair Corr
0.8	GOPIX	Aberdeen China Oppty	Pair Corr

Moving against Alpine Mutual Fund

0.67	GXXAX	Aberdeen Equity A	Pair Corr
0.67	GXXIX	Aberdeen Equity Instl	Pair Corr
0.67	GGLIX	Aberdeen Multi Cap	Pair Corr
0.62	STK	Columbia Seligman Premium	Pair Corr
0.54	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.53	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.53	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.52	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.52	GXXCX	Aberdeen Multi Cap	Pair Corr
0.52	GLLSX	Aberdeen Global Equty	Pair Corr
0.43	GNSRX	Aberdeen Small Cap	Pair Corr
0.43	GSXAX	Aberdeen Small Cap	Pair Corr
0.43	GSXCX	Aberdeen Small Cap	Pair Corr
0.43	GSXIX	Aberdeen Small Cap	Pair Corr
0.42	GSCIX	Aberdeen Small Cap	Pair Corr

Related Correlations Analysis

	AIFRX	FCIVX	AWEIX	ACSLX	BTBFX
AIFRX		0.92	-0.42	-0.71	-0.34	AIFRX
FCIVX	0.92		-0.5	-0.72	-0.31	FCIVX
AWEIX	-0.42	-0.5		0.86	0.85	AWEIX
ACSLX	-0.71	-0.72	0.86		0.81	ACSLX
BTBFX	-0.34	-0.31	0.85	0.81		BTBFX
	AIFRX	FCIVX	AWEIX	ACSLX	BTBFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FCIVX	+ 0.92	AIFRX
ACSLX	+ 0.86	AWEIX
BTBFX	+ 0.85	AWEIX
BTBFX	+ 0.81	ACSLX

High negative correlations

ACSLX	- 0.72	FCIVX
ACSLX	- 0.71	AIFRX
AWEIX	- 0.5	FCIVX
AWEIX	- 0.42	AIFRX
BTBFX	- 0.34	AIFRX
BTBFX	- 0.31	FCIVX

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
AIFRX	0.56	0.04	0.07	(0.18)	0.90	(0.60)	1.23	(1.23)	4.25
FCIVX	0.49	0.12	0.20	(0.96)	0.49	(0.56)	1.22	(0.90)	3.20
AWEIX	0.77	(0.11)	0.00	0.84	0.00	0.00	1.41	(1.55)	6.12
ACSLX	1.07	(0.13)	0.00	0.73	0.00	0.00	2.24	(2.33)	6.32
BTBFX	0.46	(0.03)	0.00	0.48	0.00	0.00	0.83	(0.97)	2.43

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC