Beck Mack Correlations

BMPEX Fund

USD 24.57 0.57 2.38%

The current 90-days correlation between Beck Mack Oliver and T Rowe Price is -0.02 (i.e., Good diversification). The correlation of Beck Mack 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.

Beck Mack Correlation With Market

Modest diversification

The correlation between Beck Mack Oliver and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beck Mack Oliver 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 Beck Mack Oliver. 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 income.

Moving together with Beck Mutual Fund

0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.88	VIIIX	Vanguard Institutional	Pair Corr

Moving against Beck Mutual Fund

0.63	STBCX	Invesco Short Term	Pair Corr
0.62	GLDZX	Low Duration Bond	Pair Corr
0.62	USDIX	Ubs Ultra Short	Pair Corr
0.57	FPNIX	Fpa New Income	Pair Corr
0.53	APOIX	Short Duration Inflation	Pair Corr
0.39	TEFRX	Templeton Foreign	Pair Corr
0.38	SNPSX	Short Oil Gas	Pair Corr
0.37	PAELX	T Rowe Price	Pair Corr
0.36	ELBIX	Ashmore Emerging Markets	Pair Corr
0.32	AEDNX	Arbitrage Event	Pair Corr
0.59	ACSNX	Short Duration	Pair Corr
0.57	JGIAX	Jpmorgan Income	Pair Corr
0.54	ARCFX	Arbitrage Credit	Pair Corr
0.54	JUCAX	Janus Global Unconst	Pair Corr
0.53	FPFIX	Fpa Flexible Fixed	Pair Corr
0.49	ETABX	Eventide Limited Term	Pair Corr
0.48	PONPX	Pimco Incme Fund	Pair Corr
0.45	BXEIX	Barings Emerging Markets	Pair Corr

Related Correlations Analysis

	TRSAX	NEAIX	MRGZX	LMLRX	SRGAX	AWPIX	EIPIX
TRSAX		0.86	0.75	0.57	0.74	0.56	0.51	TRSAX
NEAIX	0.86		0.54	0.4	0.6	0.47	0.47	NEAIX
MRGZX	0.75	0.54		0.71	0.71	0.67	0.75	MRGZX
LMLRX	0.57	0.4	0.71		0.94	0.93	0.79	LMLRX
SRGAX	0.74	0.6	0.71	0.94		0.88	0.72	SRGAX
AWPIX	0.56	0.47	0.67	0.93	0.88		0.74	AWPIX
EIPIX	0.51	0.47	0.75	0.79	0.72	0.74		EIPIX
	TRSAX	NEAIX	MRGZX	LMLRX	SRGAX	AWPIX	EIPIX

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Risk-Adjusted Indicators

There is a big difference between Beck Mutual Fund performing well and Beck Mack 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 Beck Mack'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TRSAX	1.13	(0.17)	(0.33)	1.64	(2.84)	8.21
NEAIX	1.31	(0.11)	(0.25)	2.21	(4.03)	7.47
MRGZX	0.61	(0.10)	(0.33)	1.02	(1.12)	8.31
LMLRX	0.32	0.00	(0.15)	0.53	(0.69)	2.17
SRGAX	0.61	(0.01)	(0.16)	1.12	(1.51)	3.64
AWPIX	0.67	0.00	(0.14)	1.27	(1.57)	4.44
EIPIX	0.82	(0.05)	(0.25)	1.62	(1.72)	7.68

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