Counterpoint Tactical Correlations

CPAEX Fund

USD 22.42 0.21 0.93%

The current 90-days correlation between Counterpoint Tactical and Franklin Small Cap is 0.67 (i.e., Poor diversification). 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

Good diversification

The correlation between Counterpoint Tactical Equity and DJI is -0.14 (i.e., Good 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

0.62	CPATX	Counterpoint Tactical	Pair Corr
0.69	CPCTX	Counterpoint Tactical	Pair Corr
1.0	CPCEX	Counterpoint Tactical	Pair Corr
1.0	CPIEX	Counterpoint Tactical	Pair Corr
0.61	CPITX	Counterpoint Tactical	Pair Corr
0.63	NLSAX	Neuberger Berman Long	Pair Corr
0.63	NLSIX	Neuberger Berman Long	Pair Corr
0.62	DHLSX	Diamond Hill Long	Pair Corr
0.62	DIAYX	Diamond Hill Long	Pair Corr
0.62	DIAMX	Diamond Hill Long	Pair Corr
0.68	ASLAX	Ab Select Longshort	Pair Corr
0.61	VSTSX	Vanguard Total Stock	Pair Corr
0.61	VSMPX	Vanguard Total Stock	Pair Corr
0.61	VITSX	Vanguard Total Stock	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VTISX	Vanguard Total Inter	Pair Corr
0.69	VTSNX	Vanguard Total Inter	Pair Corr
0.68	VTPSX	Vanguard Total Inter	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.64	HIPCX	The Hartford Inflation	Pair Corr
0.67	RDEGX	American Funds Developing	Pair Corr
0.63	BRXVX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	FCSGX	SECAX	SBRVX	TVOYX	NESGX	ANTMX	VVPSX	SLPAX
FCSGX		0.7	0.82	0.86	0.77	0.6	0.25	0.86	FCSGX
SECAX	0.7		0.9	0.89	0.61	0.68	0.48	0.96	SECAX
SBRVX	0.82	0.9		0.95	0.64	0.77	0.49	0.94	SBRVX
TVOYX	0.86	0.89	0.95		0.6	0.81	0.51	0.95	TVOYX
NESGX	0.77	0.61	0.64	0.6		0.23	-0.13	0.72	NESGX
ANTMX	0.6	0.68	0.77	0.81	0.23		0.73	0.72	ANTMX
VVPSX	0.25	0.48	0.49	0.51	-0.13	0.73		0.38	VVPSX
SLPAX	0.86	0.96	0.94	0.95	0.72	0.72	0.38		SLPAX
	FCSGX	SECAX	SBRVX	TVOYX	NESGX	ANTMX	VVPSX	SLPAX

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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

SLPAX	+ 0.96	SECAX
TVOYX	+ 0.95	SBRVX
SLPAX	+ 0.95	TVOYX
SLPAX	+ 0.94	SBRVX
SBRVX	+ 0.9	SECAX
TVOYX	+ 0.89	SECAX

High negative correlations

VVPSX

- 0.13

NESGX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FCSGX	0.90	(0.20)	3.98	1.70	(1.95)	5.02
SECAX	0.97	(0.36)	1.13	1.45	(2.57)	11.97
SBRVX	0.87	(0.23)	2.18	1.43	(2.30)	4.93
TVOYX	0.74	(0.17)	2.77	1.43	(1.95)	4.23
NESGX	1.32	(0.30)	0.90	2.13	(3.64)	8.46
ANTMX	0.61	(0.10)	1.83	1.23	(1.52)	3.59
VVPSX	0.74	(0.09)	1.33	1.41	(1.68)	5.29
SLPAX	0.83	(0.23)	1.37	1.48	(2.18)	6.17

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