Intrepid Capital Correlations

ICMVX Fund

USD 12.60 0.03 0.24%

The current 90-days correlation between Intrepid Capital and Us Government Securities is 0.16 (i.e., Average diversification). The correlation of Intrepid Capital 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.

Intrepid Capital Correlation With Market

Poor diversification

The correlation between Intrepid Capital Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid Capital 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 Intrepid Capital 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 real.

Moving together with Intrepid Mutual Fund

1.0	ICMBX	Intrepid Capital	Pair Corr
0.89	FBONX	American Funds American	Pair Corr
0.89	FBAFX	American Funds American	Pair Corr
0.9	ABALX	American Balanced	Pair Corr
0.9	BALCX	American Balanced	Pair Corr
0.94	BALFX	American Balanced	Pair Corr
0.9	RLBCX	American Balanced	Pair Corr
0.9	RLBBX	American Balanced	Pair Corr
0.9	CLBAX	American Balanced	Pair Corr
0.9	CLBEX	American Balanced	Pair Corr
0.9	RLBFX	American Balanced	Pair Corr
0.94	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Intrepid Mutual Fund

0.89	RYUHX	Inverse Sp 500	Pair Corr
0.64	SDFAX	Swan Defined Risk	Pair Corr
0.31	PRICX	Prudential Government	Pair Corr
0.69	DRIBX	Dimensional 2010 Target	Pair Corr
0.59	MKTBX	Mainstay Tax Free	Pair Corr
0.53	MBLCX	Madison Diversified	Pair Corr
0.37	VFFIX	Victory Incore	Pair Corr

Related Correlations Analysis

	AMUSX	TWACX	TWAVX	TCSGX	RGVBX	CGTCX	USGFX
AMUSX		0.96	0.96	0.94	1.0	1.0	1.0	AMUSX
TWACX	0.96		0.99	0.99	0.96	0.96	0.97	TWACX
TWAVX	0.96	0.99		0.99	0.96	0.96	0.97	TWAVX
TCSGX	0.94	0.99	0.99		0.94	0.93	0.95	TCSGX
RGVBX	1.0	0.96	0.96	0.94		1.0	1.0	RGVBX
CGTCX	1.0	0.96	0.96	0.93	1.0		1.0	CGTCX
USGFX	1.0	0.97	0.97	0.95	1.0	1.0		USGFX
	AMUSX	TWACX	TWAVX	TCSGX	RGVBX	CGTCX	USGFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Intrepid Mutual Fund performing well and Intrepid Capital 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 Intrepid Capital'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
AMUSX	0.25	0.03	0.29	0.70	0.21	(0.31)	0.60	(0.42)	1.55
TWACX	0.09	0.01	0.56	1.76	0.00	(0.14)	0.22	(0.11)	0.45
TWAVX	0.07	0.01	0.53	0.61	0.00	(0.17)	0.22	(0.11)	0.55
TCSGX	0.08	0.01	0.61	2.21	0.00	(0.14)	0.20	(0.10)	0.59
RGVBX	0.24	0.03	0.29	0.91	0.20	(0.30)	0.52	(0.43)	1.39
CGTCX	0.25	0.03	0.27	0.53	0.23	(0.29)	0.61	(0.43)	1.56
USGFX	0.25	0.03	0.30	0.95	0.20	(0.31)	0.51	(0.42)	1.55

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