Crm Long/short Correlations

Mutual Funds . USA . 
Fund . Crm Longshort Opport
CRIHX Fund  USD 11.75  0.02  0.17%   
The current 90-days correlation between Crm Longshort Opport and Goldman Sachs Short is 0.15 (i.e., Average diversification). The correlation of Crm Long/short 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.

Crm Long/short Correlation With Market

Poor diversification

The correlation between Crm Longshort Opport and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crm Longshort Opport 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 Crm Longshort Opport. 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 rate.

Moving together with Crm Mutual Fund

  0.9CRIEX Crm All CapPairCorr
  0.98CRIAX Crm Smallmid CapPairCorr
  0.95CRISX Crm Small CapPairCorr
  0.81CRIMX Crm Mid CapPairCorr
  0.82CRMMX Crm Mid CapPairCorr
  0.9CRMEX Crm All CapPairCorr
  0.98CRMAX Crm Smallmid CapPairCorr
  0.95CRMSX Crm Small CapPairCorr
  0.88GPMFX Guidepath Managed FuturesPairCorr
  0.73PQTAX Pimco Trends ManagedPairCorr
  0.73PQTNX Pimco Trends ManagedPairCorr
  0.73PQTIX Aa Pimco TrPairCorr

Moving against Crm Mutual Fund

  0.86PWLIX Pimco Rae WorldwidePairCorr
  0.86PWLMX Pimco Rae WorldwidePairCorr
  0.72QLERX Aqr Long ShortPairCorr
  0.93GAAKX Gmo Alternative AlloPairCorr
  0.93GAAGX Gmo Alternative AlloPairCorr
  0.86RGVCX Us Government SecuritiesPairCorr
  0.84GPBFX Gmo E PlusPairCorr
  0.83QREARX Teachers Insurance AndPairCorr
  0.83CRAIX Community ReinvestmentPairCorr
  0.81SWRSX Schwab Treasury InflationPairCorr
  0.75CCWFX Capital World BondPairCorr
  0.74CMBZX Columbia Emerging MarketsPairCorr
  0.69RIMOX City National RochdalePairCorr
  0.59SHOAX American Beacon SimPairCorr
  0.51WARCX Wells Fargo AdvantagePairCorr
  0.48MPHLX Massmutual Premier HighPairCorr
  0.41IOEBX IoebxPairCorr
  0.32AWF AlliancebernsteinPairCorr
  0.87HILIX Hartford InternaPairCorr
  0.83LASNX Loomis Sayles StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Crm Mutual Fund performing well and Crm Long/short 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 Crm Long/short'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.

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