Alphacentric Hedged Correlations

HMXAX Fund  USD 28.01  0.36  1.30%   
The current 90-days correlation between Alphacentric Hedged and Alphacentric Hedged Market is 1.0 (i.e., No risk reduction). The correlation of Alphacentric Hedged 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 Hedged Correlation With Market

Very weak diversification

The correlation between Alphacentric Hedged Market and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Hedged Market 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 Hedged Market. 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 nation.

Moving together with Alphacentric Mutual Fund

  1.0HMXCX Alphacentric HedgedPairCorr
  1.0HMXIX Alphacentric HedgedPairCorr
  0.67SYMAX Alphacentric SymmetryPairCorr
  0.65SYMCX Alphacentric SymmetryPairCorr
  0.67SYMIX Alphacentric SymmetryPairCorr
  0.78SIICX Alphacentric StrategicPairCorr
  0.77SIIIX Alphacentric StrategicPairCorr
  0.91JHQCX Jpmorgan Hedged EquityPairCorr
  0.92JHEQX Jpmorgan Hedged EquityPairCorr
  0.92JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.98GATEX Gateway Fund ClassPairCorr
  0.79JHDCX Jpmorgan Hedged EquityPairCorr
  0.76JHDRX Jpmorgan Hedged EquityPairCorr
  0.79JHDAX Jpmorgan Hedged EquityPairCorr
  0.89VTRSX Voya Target RetirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Hedged 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 Hedged'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.