Center Coast Correlations
| CCCCX Fund | USD 5.40 0.01 0.18% |
The current 90-days correlation between Center St Mlp and Lord Abbett Intermediate is -0.06 (i.e., Good diversification). The correlation of Center Coast 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.
Center Coast Correlation With Market
Very weak diversification
The correlation between Center St Mlp and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Center St Mlp and DJI in the same portfolio, assuming nothing else is changed.
Center |
Moving together with Center Mutual Fund
| 1.0 | CCCAX | Center St Mlp | PairCorr |
| 1.0 | CCCNX | Center St Mlp | PairCorr |
| 0.99 | TORCX | Tortoise Mlp Pipeline | PairCorr |
| 0.93 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.93 | OSPSX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.83 | MLPZX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.83 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.75 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.75 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.91 | GMLPX | Goldman Sachs Mlp | PairCorr |
| 0.91 | GLPIX | Goldman Sachs Mlp | PairCorr |
| 0.92 | GLPRX | Goldman Sachs Mlp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Center Mutual Fund performing well and Center Coast 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 Center Coast'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LOISX | 0.14 | (0.02) | 0.00 | 1.10 | 0.00 | 0.29 | 0.88 | |||
| NSIOX | 0.19 | (0.02) | 0.00 | 1.06 | 0.00 | 0.41 | 1.21 | |||
| SSAGX | 0.06 | 0.01 | 0.78 | (0.91) | 0.00 | 0.10 | 0.51 | |||
| AUNCX | 0.12 | (0.02) | 0.00 | (0.84) | 0.00 | 0.28 | 0.75 | |||
| AUNTX | 0.12 | (0.01) | 0.00 | (0.67) | 0.00 | 0.28 | 0.76 | |||
| RGVAX | 0.26 | 0.01 | 0.25 | 0.27 | 0.26 | 0.60 | 1.56 | |||
| CGTCX | 0.25 | 0.02 | 0.25 | 0.25 | 0.26 | 0.61 | 1.56 | |||
| GSOIX | 0.24 | 0.01 | 0.26 | 0.22 | 0.24 | 0.62 | 1.42 |