Cognios Market Correlations

COGIX Fund

USD 12.32 0.01 0.08%

The current 90-days correlation between Cognios Market Neutral and Msift High Yield is 0.33 (i.e., Weak diversification). The correlation of Cognios Market 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.

Cognios Market Correlation With Market

Modest diversification

The correlation between Cognios Market Neutral and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cognios Market Neutral 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 Cognios Market Neutral. 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 gross domestic product.

Moving together with Cognios Mutual Fund

0.86	SMPIX	Semiconductor Ultrasector	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Cognios Mutual Fund

0.75	CBHMX	Victory Market Neutral	Pair Corr
0.75	CBHAX	Victory Cemp Market	Pair Corr
0.75	QMNRX	Aqr Equity Market	Pair Corr
0.74	CBHCX	Victory Cemp Market	Pair Corr
0.74	PFATX	Pimco Fundamental	Pair Corr
0.74	PTFAX	Pimco Fundamental	Pair Corr
0.61	BDMIX	Blackrock Gbl Lng	Pair Corr
0.61	BGCKX	Blackrock Global Lon	Pair Corr
0.6	BDMAX	Blackrock Global Long	Pair Corr
0.58	BDMCX	Blackrock Global Lng	Pair Corr
0.4	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.4	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	HOSGX	Short Term Government	Pair Corr
0.72	DPFNX	Deer Park Total	Pair Corr
0.71	URPSX	Ultrabear Profund	Pair Corr
0.63	TNURX	1290 Unconstrained Bond	Pair Corr
0.62	PRCIX	T Rowe Price	Pair Corr
0.62	PIRMX	Pimco Inflation Response	Pair Corr
0.61	REGAX	American Funds Emerging	Pair Corr
0.58	VFIDX	Vanguard Intermediate-ter	Pair Corr
0.56	VICSX	Vanguard Intermediate-ter	Pair Corr
0.55	VTIAX	Vanguard Total Inter	Pair Corr
0.51	BNUEX	Ubs International	Pair Corr
0.5	PISHX	Cohen Steers Preferred	Pair Corr
0.45	GLPSX	Goldman Sachs Mlp	Pair Corr
0.39	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.39	GSHUX	Goldman Sachs High	Pair Corr
0.34	LMHIX	Western Asset Municipal	Pair Corr
0.79	VSBSX	Vanguard Short Term	Pair Corr
0.77	FTIAX	Federated Short Term	Pair Corr
0.71	DBLLX	Doubleline Low Duration	Pair Corr
0.7	DPFAX	Deer Park Total	Pair Corr

Related Correlations Analysis

	MRHYX	AGDZX	AHYMX	AQRRX	FYAIX	TAHFX	BXHCX	ARTFX
MRHYX		0.88	0.73	0.94	0.96	0.95	0.91	0.87	MRHYX
AGDZX	0.88		0.91	0.84	0.85	0.91	0.99	0.99	AGDZX
AHYMX	0.73	0.91		0.69	0.68	0.76	0.89	0.88	AHYMX
AQRRX	0.94	0.84	0.69		0.87	0.86	0.87	0.85	AQRRX
FYAIX	0.96	0.85	0.68	0.87		0.91	0.85	0.84	FYAIX
TAHFX	0.95	0.91	0.76	0.86	0.91		0.93	0.91	TAHFX
BXHCX	0.91	0.99	0.89	0.87	0.85	0.93		0.98	BXHCX
ARTFX	0.87	0.99	0.88	0.85	0.84	0.91	0.98		ARTFX
	MRHYX	AGDZX	AHYMX	AQRRX	FYAIX	TAHFX	BXHCX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between Cognios Mutual Fund performing well and Cognios Market 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 Cognios Market'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
MRHYX	0.13	0.00	0.16	(0.03)	0.13	(0.17)	0.24	(0.24)	0.95
AGDZX	0.14	0.00	0.17	(0.09)	0.09	(0.24)	0.43	(0.28)	1.01
AHYMX	0.12	0.00	0.15	0.13	0.13	(0.18)	0.22	(0.33)	0.76
AQRRX	0.49	0.02	0.09	(0.31)	0.63	(0.53)	1.02	(1.08)	3.50
FYAIX	0.23	0.01	0.12	0.01	0.30	(0.23)	0.43	(0.40)	1.44
TAHFX	0.16	0.00	0.11	(0.08)	0.19	(0.21)	0.49	(0.25)	1.24
BXHCX	0.13	0.00	0.13	0.05	0.14	(0.19)	0.37	(0.37)	1.00
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89

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