Holbrook Income Correlations

HOBEX Fund

USD 9.80 0.01 0.10%

The current 90-days correlation between Holbrook Income and Federated Global Allocation is 0.15 (i.e., Average 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

Average diversification

The correlation between Holbrook Income Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Income Fund 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 Fund. 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 income.

Moving together with Holbrook Mutual Fund

1.0	HOBAX	Holbrook Income	Pair Corr
1.0	HOBIX	Holbrook Income	Pair Corr
0.74	HOSAX	Holbrook Structured	Pair Corr
0.74	HOSIX	Holbrook Structured	Pair Corr
0.72	HOSTX	Holbrook Structured	Pair Corr
0.73	LALDX	Lord Abbett Short	Pair Corr
0.69	LFROX	Lord Abbett Floating	Pair Corr
0.61	QLENX	Aqr Long Short	Pair Corr
0.78	TORTX	Tortoise Mlp Pipeline	Pair Corr
0.64	FYBTX	Fidelity Series Short	Pair Corr

Moving against Holbrook Mutual Fund

0.56	HLDIX	Hartford Emerging	Pair Corr
0.55	HLDRX	Hartford Emerging	Pair Corr
0.55	HLDAX	Hartford Emerging	Pair Corr
0.55	HLDCX	Hartford Emerging	Pair Corr
0.55	HLDTX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	FSBCX	TACLX	DHGCX	SMYIX	ANAGX
FSBCX		0.74	0.78	0.95	0.82	FSBCX
TACLX	0.74		0.4	0.79	0.5	TACLX
DHGCX	0.78	0.4		0.68	0.95	DHGCX
SMYIX	0.95	0.79	0.68		0.7	SMYIX
ANAGX	0.82	0.5	0.95	0.7		ANAGX
	FSBCX	TACLX	DHGCX	SMYIX	ANAGX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FSBCX	0.41	(0.03)	(0.10)	0.76	(0.85)	3.14
TACLX	0.52	(0.03)	(0.10)	0.88	(0.97)	5.47
DHGCX	0.16	(0.02)	(0.25)	0.36	(0.36)	0.99
SMYIX	0.64	(0.02)	(0.03)	1.48	(1.31)	4.86
ANAGX	0.19	(0.02)	(0.39)	0.44	(0.29)	1.16

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