Holbrook Income Correlations

HOBAX Fund

USD 9.70 0.01 0.10%

The current 90-days correlation between Holbrook Income and Holbrook Income Fund is 0.95 (i.e., Almost no diversification). The correlation of Holbrook Income 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.

Holbrook Income Correlation With Market

Significant diversification

The correlation between Holbrook Income and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Income 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 Holbrook Income. 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 Holbrook Mutual Fund

1.0	HOBEX	Holbrook Income	Pair Corr
0.94	HOBIX	Holbrook Income	Pair Corr
0.62	HOSTX	Holbrook Structured	Pair Corr
0.66	TUHYX	T Rowe Price	Pair Corr
0.73	TORIX	Tortoise Mlp Pipeline	Pair Corr
0.68	NML	Neuberger Berman Mlp Normal Trading	Pair Corr
0.65	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Holbrook Mutual Fund

0.36	VBIRX	Vanguard Short Term	Pair Corr
0.49	JDJCX	Jhancock Diversified	Pair Corr

Related Correlations Analysis

	HOBAX	HOBEX	HOBIX	HOSAX	HOSIX	HOSTX
HOBAX		1.0	0.94	0.36	0.52	0.62	HOBAX
HOBEX	1.0		0.94	0.36	0.52	0.61	HOBEX
HOBIX	0.94	0.94		0.43	0.58	0.66	HOBIX
HOSAX	0.36	0.36	0.43		0.86	0.91	HOSAX
HOSIX	0.52	0.52	0.58	0.86		0.91	HOSIX
HOSTX	0.62	0.61	0.66	0.91	0.91		HOSTX
	HOBAX	HOBEX	HOBIX	HOSAX	HOSIX	HOSTX

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Risk-Adjusted Indicators

There is a big difference between Holbrook Mutual Fund performing well and Holbrook Income 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 Holbrook Income'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
HOBAX	0.10	(0.01)	0.00	(0.83)	0.00	0.00	0.21	(0.31)	1.74
HOBEX	0.11	(0.01)	(0.06)	(0.39)	0.20	(0.19)	0.30	(0.30)	1.73
HOBIX	0.10	(0.01)	(0.05)	0.21	0.19	(0.19)	0.21	(0.31)	1.64
HOSAX	0.04	0.01	0.00	(0.52)	0.00	0.00	0.10	0.00	0.82
HOSIX	0.05	0.01	0.00	0.64	0.00	0.00	0.10	(0.10)	0.82
HOSTX	0.03	0.00	(0.13)	0.33	0.00	(0.19)	0.10	(0.10)	0.72

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