Equinox Campbell Correlations

EBSCX Fund

USD 9.12 0.08 0.88%

The current 90-days correlation between Equinox Campbell Strategy and Virtus Convertible is 0.14 (i.e., Average diversification). The correlation of Equinox Campbell 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.

Equinox Campbell Correlation With Market

Good diversification

The correlation between Equinox Campbell Strategy 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 Equinox Campbell Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Campbell Strategy. 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 main economic indicators.

Moving together with Equinox Mutual Fund

0.77	EBSIX	Campbell Systematic Macro	Pair Corr
0.63	EBSAX	Campbell Systematic Macro	Pair Corr

Moving against Equinox Mutual Fund

0.52	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.47	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.47	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.35	MBXIX	Catalystmillburn Hedge	Pair Corr
0.33	MBXAX	Catalystmillburn Hedge	Pair Corr
0.31	MBXFX	Catalystmillburn Hedge	Pair Corr
0.47	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.47	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr

Related Correlations Analysis

	VAADX	XNCVX	GCV	MCINX	ARBOX	FCVSX	PBXIX
VAADX		0.97	0.94	0.38	0.31	0.88	0.83	VAADX
XNCVX	0.97		0.91	0.4	0.35	0.9	0.86	XNCVX
GCV	0.94	0.91		0.2	0.12	0.76	0.67	GCV
MCINX	0.38	0.4	0.2		0.81	0.53	0.73	MCINX
ARBOX	0.31	0.35	0.12	0.81		0.57	0.65	ARBOX
FCVSX	0.88	0.9	0.76	0.53	0.57		0.89	FCVSX
PBXIX	0.83	0.86	0.67	0.73	0.65	0.89		PBXIX
	VAADX	XNCVX	GCV	MCINX	ARBOX	FCVSX	PBXIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Equinox Mutual Fund performing well and Equinox Campbell 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 Equinox Campbell'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
VAADX	0.57	0.07	0.08	0.37	0.71	(0.65)	1.21	(1.22)	4.04
XNCVX	0.57	0.07	0.07	4.11	0.68	(0.68)	1.29	(0.99)	4.37
GCV	0.87	0.11	0.08	0.41	1.08	(0.91)	1.65	(1.50)	5.96
MCINX	0.41	(0.06)	0.00	(0.23)	0.00	0.00	0.70	(0.57)	5.00
ARBOX	0.10	(0.04)	0.00	(1.11)	0.00	0.00	0.09	(0.09)	1.76
FCVSX	0.62	0.02	0.02	0.14	1.09	(0.64)	1.10	(0.94)	6.64
PBXIX	0.37	0.00	0.00	(0.05)	0.52	(0.41)	0.87	(0.70)	3.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC