Alphacentric Global Correlations

GNXIX Fund

USD 12.58 0.32 2.48%

The current 90-days correlation between Alphacentric Global and Alphacentric Income Opportunities is 0.01 (i.e., Significant diversification). The correlation of Alphacentric Global 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.

Alphacentric Global Correlation With Market

Very weak diversification

The correlation between Alphacentric Global Innovation and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Global Innovation and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphacentric Global Innovations. 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 gross domestic product.

Moving together with Alphacentric Mutual Fund

0.95	HMXAX	Alphacentric Hedged	Pair Corr
0.95	HMXCX	Alphacentric Hedged	Pair Corr
0.95	HMXIX	Alphacentric Hedged	Pair Corr
0.9	SYMAX	Alphacentric Symmetry	Pair Corr
0.91	SYMCX	Alphacentric Symmetry	Pair Corr
0.9	SYMIX	Alphacentric Symmetry	Pair Corr
0.73	SIICX	Alphacentric Strategic	Pair Corr
0.68	SIIIX	Alphacentric Strategic	Pair Corr
1.0	GNXAX	Alphacentric Global	Pair Corr
1.0	GNXCX	Alphacentric Global	Pair Corr
0.96	FSWFX	American Funds Smallcap	Pair Corr
0.92	FSFWX	American Funds Smallcap	Pair Corr
0.96	SCWCX	American Fds Smallcap	Pair Corr
0.96	SCWFX	Smallcap World	Pair Corr
0.92	SMCWX	Smallcap World	Pair Corr
0.96	CSPFX	Smallcap World	Pair Corr
0.96	CSPAX	Smallcap World	Pair Corr
0.96	CSPEX	Smallcap World	Pair Corr
0.96	RSLCX	Smallcap World	Pair Corr
0.96	RLLGX	Smallcap World	Pair Corr
0.74	SMPIX	Semiconductor Ultrasector	Pair Corr
0.69	SMPSX	Semiconductor Ultrasector	Pair Corr
0.86	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Alphacentric Mutual Fund

0.8	IOFAX	Alphacentric Income	Pair Corr
0.8	IOFCX	Alphacentric Income	Pair Corr
0.79	IOFIX	Alphacentric Income	Pair Corr
0.71	USGNX	Government Securities	Pair Corr
0.66	PSJIX	Short Term Income	Pair Corr
0.48	VWVUX	Tomorrows Scholar College	Pair Corr
0.47	TREMX	T Rowe Price	Pair Corr
0.41	BMICX	Blackrock Managed Income	Pair Corr

Related Correlations Analysis

	IOFIX	HMXIX	LYFIX	SYMIX	SIIIX
IOFIX		-0.73	0.34	-0.7	-0.39	IOFIX
HMXIX	-0.73		0.0	0.93	0.69	HMXIX
LYFIX	0.34	0.0		0.03	0.43	LYFIX
SYMIX	-0.7	0.93	0.03		0.62	SYMIX
SIIIX	-0.39	0.69	0.43	0.62		SIIIX
	IOFIX	HMXIX	LYFIX	SYMIX	SIIIX

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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

SYMIX	+ 0.93	HMXIX
SIIIX	+ 0.69	HMXIX
SIIIX	+ 0.62	SYMIX
SIIIX	+ 0.43	LYFIX
LYFIX	+ 0.34	IOFIX
SYMIX	+ 0.03	LYFIX

High negative correlations

HMXIX	- 0.73	IOFIX
SYMIX	- 0.7	IOFIX
SIIIX	- 0.39	IOFIX
LYFIX	- 0.0	HMXIX

Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Global 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 Alphacentric Global'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
IOFIX	0.21	0.01	0.10	0.09	0.21	(0.29)	0.42	(0.41)	1.12
HMXIX	0.64	(0.04)	0.00	(0.07)	0.00	0.00	1.25	(1.43)	3.13
LYFIX	0.60	0.03	0.08	(0.24)	0.65	(0.64)	1.21	(1.17)	3.16
SYMIX	0.39	(0.04)	0.00	1.94	0.00	0.00	0.65	(1.01)	2.47
SIIIX	0.21	0.00	0.08	(0.01)	0.25	(0.21)	0.42	(0.43)	0.98

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