Equinox Chesapeake Correlations
| ECHAX Fund | USD 10.41 0.18 1.70% |
The current 90-days correlation between Equinox Chesapeake and Vanguard Health Care is 0.32 (i.e., Weak diversification). The correlation of Equinox Chesapeake 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 Chesapeake Correlation With Market
Very weak diversification
The correlation between Equinox Chesapeake Strategy and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equinox Chesapeake Strategy and DJI in the same portfolio, assuming nothing else is changed.
Equinox |
Moving together with Equinox Mutual Fund
| 1.0 | EQCHX | Equinox Chesapeake | PairCorr |
| 1.0 | ECHCX | Equinox Chesapeake | PairCorr |
| 0.81 | AMFNX | Asg Managed Futures | PairCorr |
| 0.62 | ABYCX | Abbey Capital Futures | PairCorr |
| 0.82 | AMFAX | Asg Managed Futures | PairCorr |
| 0.82 | ASFYX | Asg Managed Futures | PairCorr |
Moving against Equinox Mutual Fund
| 0.56 | INVXX | Aim Investment Securities | PairCorr |
| 0.52 | WMPXX | Wells Fargo Funds | PairCorr |
| 0.41 | ESFCX | Ashmore Emerging Markets | PairCorr |
| 0.4 | OOSYX | Oppenheimer Senior | PairCorr |
Related Correlations Analysis
| 0.42 | 0.81 | 0.93 | 0.75 | 0.89 | 0.78 | VGHCX | ||
| 0.42 | 0.27 | 0.44 | 0.36 | 0.52 | 0.61 | LHCCX | ||
| 0.81 | 0.27 | 0.81 | 0.55 | 0.88 | 0.84 | DLHIX | ||
| 0.93 | 0.44 | 0.81 | 0.72 | 0.92 | 0.76 | THQ | ||
| 0.75 | 0.36 | 0.55 | 0.72 | 0.6 | 0.52 | BGHDX | ||
| 0.89 | 0.52 | 0.88 | 0.92 | 0.6 | 0.92 | BHSRX | ||
| 0.78 | 0.61 | 0.84 | 0.76 | 0.52 | 0.92 | SBHIX | ||
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Risk-Adjusted Indicators
There is a big difference between Equinox Mutual Fund performing well and Equinox Chesapeake 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 Chesapeake'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGHCX | 0.72 | (0.38) | 0.00 | (1.27) | 0.00 | 0.82 | 3.84 | |||
| LHCCX | 0.75 | (0.13) | 0.00 | (0.15) | 0.00 | 1.40 | 5.15 | |||
| DLHIX | 0.84 | (0.37) | 0.00 | (0.47) | 0.00 | 1.01 | 13.29 | |||
| THQ | 0.91 | (0.23) | 0.00 | (0.26) | 0.00 | 1.49 | 5.19 | |||
| BGHDX | 0.92 | (0.13) | 0.00 | (0.20) | 0.00 | 1.38 | 8.70 | |||
| BHSRX | 0.66 | (0.25) | 0.00 | (0.35) | 0.00 | 0.94 | 6.64 | |||
| SBHIX | 0.60 | (0.21) | 0.00 | (0.35) | 0.00 | 1.00 | 4.23 |