Manager Directed Correlations
HRITX Fund | USD 10.79 0.22 2.00% |
The current 90-days correlation between Manager Directed Por and Barings Emerging Markets is -0.05 (i.e., Good diversification). The correlation of Manager Directed 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.
Manager Directed Correlation With Market
Very weak diversification
The correlation between Manager Directed Portfolios and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manager Directed Portfolios and DJI in the same portfolio, assuming nothing else is changed.
Manager |
Moving together with Manager Mutual Fund
0.85 | HRIIX | Hood River International | PairCorr |
1.0 | HRIOX | Manager Directed Por | PairCorr |
0.67 | HRNIX | Hood River New | PairCorr |
0.67 | HRNRX | Hood River New | PairCorr |
0.81 | HRSIX | Hood River Small | PairCorr |
0.66 | GRHAX | Goehring Rozencwajg | PairCorr |
Moving against Manager Mutual Fund
0.73 | BTMPX | Ishares Msci Eafe | PairCorr |
0.73 | BTMKX | Blackrock International | PairCorr |
0.62 | MDIIX | Blackrock Intern Index | PairCorr |
0.61 | MIDHX | Mfs International New | PairCorr |
0.54 | MIDGX | Mfs International New | PairCorr |
0.54 | MIDRX | Mfs International New | PairCorr |
0.47 | OSMYX | Oppenheimer Intl Small | PairCorr |
0.43 | TIDDX | T Rowe Price | PairCorr |
0.36 | OSCIX | Oppenheimer Intl Small | PairCorr |
0.35 | OSMNX | Oppenheimer Intl Small | PairCorr |
0.85 | MQLCX | Mfs Limited Maturity | PairCorr |
0.81 | FICMX | Federated Government | PairCorr |
0.8 | ABNDX | Bond Fund | PairCorr |
0.8 | NECRX | Loomis Sayles E | PairCorr |
0.79 | FIVOX | Fidelity International | PairCorr |
0.77 | RGEVX | Us Government Securities | PairCorr |
0.77 | JHCBX | John Hancock Bond | PairCorr |
0.77 | JBOIX | John Hancock Esg | PairCorr |
0.76 | PUBRX | Pimco Unconstrained Bond | PairCorr |
0.72 | PYCWX | Payden E Bond | PairCorr |
0.71 | TIEUX | International Equity | PairCorr |
0.63 | MXECX | Great-west Core | PairCorr |
0.59 | FMSCX | Fidelity Advisor Mortgage | PairCorr |
0.58 | MRJIX | Real Assets Portfolio | PairCorr |
0.51 | RROPX | American Funds Retirement | PairCorr |
0.8 | ABTAX | Government Bond | PairCorr |
0.8 | UIPIX | Ultrashort Mid Cap | PairCorr |
0.79 | VMSSX | Virtus Multi Sector | PairCorr |
0.78 | PDINX | Putnam Diversified Income | PairCorr |
Related Correlations Analysis
0.93 | 0.87 | 0.7 | 0.92 | BXECX | ||
0.93 | 0.84 | 0.83 | 0.93 | FEMDX | ||
0.87 | 0.84 | 0.45 | 0.94 | XJMMX | ||
0.7 | 0.83 | 0.45 | 0.64 | AMTOX | ||
0.92 | 0.93 | 0.94 | 0.64 | IGIEX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Manager Mutual Fund performing well and Manager Directed 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 Manager Directed'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BXECX | 0.19 | 0.04 | 0.14 | (0.48) | 0.00 | 0.55 | 1.21 | |||
FEMDX | 0.15 | 0.02 | 0.13 | 8.50 | 0.00 | 0.42 | 1.11 | |||
XJMMX | 0.19 | (0.01) | (0.01) | 0.11 | 0.23 | 0.46 | 0.92 | |||
AMTOX | 0.45 | 0.08 | 0.14 | 0.19 | 0.41 | 1.00 | 2.56 | |||
IGIEX | 0.24 | 0.00 | 0.06 | 0.00 | 0.24 | 0.61 | 1.59 |