Counterpoint Tactical Correlations

CPAEX Fund

USD 22.20 0.06 0.27%

The correlation of Counterpoint Tactical 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.

Counterpoint Tactical Correlation With Market

Very weak diversification

The correlation between Counterpoint Tactical Equity and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Equity 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 Counterpoint Tactical Equity. 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 Counterpoint Mutual Fund

0.68	CPATX	Counterpoint Tactical	Pair Corr
0.72	CPCTX	Counterpoint Tactical	Pair Corr
1.0	CPCEX	Counterpoint Tactical	Pair Corr
1.0	CPIEX	Counterpoint Tactical	Pair Corr
0.66	CPITX	Counterpoint Tactical	Pair Corr
0.89	NLSCX	Neuberger Berman Long	Pair Corr
0.89	NLSAX	Neuberger Berman Long	Pair Corr
0.89	NLSIX	Neuberger Berman Long	Pair Corr
0.63	DHLSX	Diamond Hill Long	Pair Corr
0.63	DIAMX	Diamond Hill Long	Pair Corr
0.79	ASLAX	Ab Select Longshort	Pair Corr
0.69	RXRPX	American Funds Retirement	Pair Corr

Related Correlations Analysis

	UIGSX	RGVCX	SSAGX	SPAXX	RGVAX	USGFX	RGVBX	TUIXX
UIGSX		0.97	0.93	0.8	0.96	1.0	1.0	0.29	UIGSX
RGVCX	0.97		0.92	0.79	1.0	0.97	0.97	0.34	RGVCX
SSAGX	0.93	0.92		0.86	0.91	0.93	0.92	0.51	SSAGX
SPAXX	0.8	0.79	0.86		0.79	0.79	0.78	0.39	SPAXX
RGVAX	0.96	1.0	0.91	0.79		0.96	0.96	0.33	RGVAX
USGFX	1.0	0.97	0.93	0.79	0.96		1.0	0.31	USGFX
RGVBX	1.0	0.97	0.92	0.78	0.96	1.0		0.29	RGVBX
TUIXX	0.29	0.34	0.51	0.39	0.33	0.31	0.29		TUIXX
	UIGSX	RGVCX	SSAGX	SPAXX	RGVAX	USGFX	RGVBX	TUIXX

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Risk-Adjusted Indicators

There is a big difference between Counterpoint Mutual Fund performing well and Counterpoint Tactical 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 Counterpoint Tactical'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
UIGSX	0.20	0.01	0.04	(0.18)	0.17	(0.26)	0.46	(0.45)	1.04
RGVCX	0.25	0.02	0.05	1.47	0.23	(0.29)	0.51	(0.50)	1.38
SSAGX	0.06	0.01	0.08	(0.74)	0.00	(0.16)	0.10	(0.10)	0.51
SPAXX	0.03	0.01	0.00	(0.32)	0.00	0.00	0.00	0.00	1.01
RGVAX	0.25	0.02	0.04	0.75	0.25	(0.31)	0.60	(0.50)	1.56
USGFX	0.26	0.02	0.05	(0.24)	0.24	(0.31)	0.51	(0.58)	1.55
RGVBX	0.25	0.02	0.04	(0.22)	0.24	(0.30)	0.52	(0.51)	1.39
TUIXX	0.03	0.01	0.00	(0.31)	0.00	0.00	0.00	0.00	1.01

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Counterpoint Tactical Correlations

Counterpoint Tactical Correlation With Market

Very weak diversification

Moving together with Counterpoint Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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