Holbrook Structured Correlations

HOSIX Fund

USD 9.82 0.00 0.00%

The current 90-days correlation between Holbrook Structured and Short Term Government Fund is 0.03 (i.e., Significant diversification). The correlation of Holbrook Structured 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 Structured Correlation With Market

Significant diversification

The correlation between Holbrook Structured Income and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holbrook Structured 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 Structured 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 gross domestic product.

Moving together with Holbrook Mutual Fund

0.86	HOSAX	Holbrook Structured	Pair Corr
0.91	HOSTX	Holbrook Structured	Pair Corr
0.73	NLSCX	Neuberger Berman Long	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.79	BFIUX	Baron Fintech	Pair Corr
0.75	HSSAX	Emerald Banking And	Pair Corr
0.73	CGRIX	Calamos Growth	Pair Corr
0.78	VIGAX	Vanguard Growth Index	Pair Corr
0.9	MISXX	Morgan Stanley Insti	Pair Corr
0.76	VLCAX	Vanguard Large Cap	Pair Corr
0.76	HSUTX	Rational Defensive Growth	Pair Corr
0.77	OOSIX	Oppenheimer Senior	Pair Corr
0.71	FXAIX	Fidelity 500 Index	Pair Corr
0.72	HSTIX	Stock Index Fund	Pair Corr
0.82	TORTX	Tortoise Mlp Pipeline	Pair Corr
0.79	NML	Neuberger Berman Mlp Normal Trading	Pair Corr
0.67	GAB	Gabelli Equity Trust	Pair Corr
0.82	TORIX	Tortoise Mlp Pipeline	Pair Corr
0.92	JUCIX	Janus Global Unconst	Pair Corr
0.91	RUSIX	Rbc Ultra Short	Pair Corr
0.84	AOFIX	Alger Small Cap	Pair Corr

Moving against Holbrook Mutual Fund

0.73	NHS	Neuberger Berman High	Pair Corr
0.67	PFHCX	Pacific Funds Small	Pair Corr
0.31	PONCX	Pimco Income	Pair Corr

Related Correlations Analysis

	TWACX	HUMXX	DNCGX	DVPXX	PBMXX
TWACX		0.0	0.8	-0.66	0.0	TWACX
HUMXX	0.0		0.0	0.0	0.0	HUMXX
DNCGX	0.8	0.0		-0.41	0.0	DNCGX
DVPXX	-0.66	0.0	-0.41		0.0	DVPXX
PBMXX	0.0	0.0	0.0	0.0		PBMXX
	TWACX	HUMXX	DNCGX	DVPXX	PBMXX

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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

DNCGX	+ 0.8	TWACX
HUMXX	+ 0.0	TWACX
PBMXX	+ 0.0	TWACX
DNCGX	+ 0.0	HUMXX
DVPXX	+ 0.0	HUMXX
PBMXX	+ 0.0	HUMXX

High negative correlations

DVPXX	- 0.66	TWACX
DVPXX	- 0.41	DNCGX
PBMXX	- 0.0	DVPXX
PBMXX	- 0.0	DNCGX
PBMXX	- 0.0	HUMXX
DVPXX	- 0.0	HUMXX

Risk-Adjusted Indicators

There is a big difference between Holbrook Mutual Fund performing well and Holbrook Structured 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 Structured'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
TWACX	0.07	(0.03)	(1.52)	0.11	(0.11)	0.45
HUMXX	0.00	0.00	0.00	0.00	0.00	0.00
DNCGX	0.22	(0.06)	(1.64)	0.40	(0.48)	1.20
DVPXX	0.03	0.01	0.34	0.00	0.00	1.01
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00

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