Counterpoint Tactical Correlations
| CPATX Fund | USD 11.39 0.01 0.09% |
The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.22 (i.e., Modest 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 Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Income and DJI in the same portfolio, assuming nothing else is changed.
Counterpoint |
Moving together with Counterpoint Mutual Fund
| 0.62 | CPAEX | Counterpoint Tactical | PairCorr |
| 0.99 | CPCTX | Counterpoint Tactical | PairCorr |
| 0.63 | CPIEX | Counterpoint Tactical | PairCorr |
| 0.94 | CPITX | Counterpoint Tactical | PairCorr |
| 0.75 | PMZCX | Pimco Mortgage Oppor | PairCorr |
| 0.66 | CISGX | Touchstone Sands Capital | PairCorr |
| 0.65 | DBELX | Doubleline Emerging | PairCorr |
| 0.81 | OSTCX | Jpmorgan Short Duration | PairCorr |
| 0.61 | EMKAX | Ashmore Emerging Markets | PairCorr |
| 0.84 | PELBX | Pimco Emerging Local | PairCorr |
| 0.81 | BNDIX | Total Return Bond | PairCorr |
| 0.74 | RA | Brookfield Real Assets | PairCorr |
| 0.96 | CIHYX | Calamos High Income | PairCorr |
| 0.72 | TUHYX | T Rowe Price | PairCorr |
| 0.8 | ICERX | Mainstay Epoch Inter | PairCorr |
Moving against Counterpoint Mutual Fund
| 0.31 | RYVTX | Inverse Nasdaq 100 Steady Growth | PairCorr |
Related Correlations Analysis
| 0.28 | 0.85 | 0.76 | 0.69 | CPITX | ||
| 0.28 | 0.6 | -0.01 | 0.17 | DLFNX | ||
| 0.85 | 0.6 | 0.64 | 0.63 | BTFAX | ||
| 0.76 | -0.01 | 0.64 | 0.9 | HMEZX | ||
| 0.69 | 0.17 | 0.63 | 0.9 | QGMNX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPITX | 0.09 | 0.00 | 0.51 | 0.15 | 0.01 | 0.18 | 0.71 | |||
| DLFNX | 0.20 | 0.00 | 0.33 | (0.13) | 0.18 | 0.55 | 1.32 | |||
| BTFAX | 0.19 | 0.01 | 0.32 | (0.23) | 0.20 | 0.38 | 1.41 | |||
| HMEZX | 0.06 | 0.02 | 1.46 | (1.14) | 0.00 | 0.15 | 0.30 | |||
| QGMNX | 0.42 | 0.10 | 0.33 | 1.91 | 0.32 | 0.87 | 2.45 |