Ontrack Core Correlations

OTRGX Fund

USD 52.47 0.03 0.06%

The current 90-days correlation between Ontrack E Fund and Ontrack E Fund is 0.45 (i.e., Very weak diversification). The correlation of Ontrack Core 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.

Ontrack Core Correlation With Market

Modest diversification

The correlation between Ontrack E Fund and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ontrack E Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ontrack E 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 price.

Moving together with Ontrack Mutual Fund

0.96	OTRFX	Ontrack E Fund	Pair Corr
0.82	SFHYX	Hundredfold Select	Pair Corr
0.68	QBDAX	Quantified Managed Income	Pair Corr
0.66	QBDSX	Quantified Managed Income	Pair Corr
0.74	QFITX	Quantified Tactical Fixed	Pair Corr
0.75	QGBLX	Quantified Global	Pair Corr

Related Correlations Analysis

	OTRFX	SVARX	SEMPX	MIMSX	SSSIX
OTRFX		0.35	0.07	0.61	0.63	OTRFX
SVARX	0.35		0.84	0.08	-0.19	SVARX
SEMPX	0.07	0.84		-0.28	-0.6	SEMPX
MIMSX	0.61	0.08	-0.28		0.76	MIMSX
SSSIX	0.63	-0.19	-0.6	0.76		SSSIX
	OTRFX	SVARX	SEMPX	MIMSX	SSSIX

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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

SEMPX	+ 0.84	SVARX
SSSIX	+ 0.76	MIMSX
SSSIX	+ 0.63	OTRFX
MIMSX	+ 0.61	OTRFX
SVARX	+ 0.35	OTRFX
MIMSX	+ 0.08	SVARX

High negative correlations

SSSIX	- 0.6	SEMPX
MIMSX	- 0.28	SEMPX
SSSIX	- 0.19	SVARX

Risk-Adjusted Indicators

There is a big difference between Ontrack Mutual Fund performing well and Ontrack Core 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 Ontrack Core'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
OTRFX	0.10	(0.04)	0.00	5.91	0.00	0.00	0.10	(0.37)	1.01
SVARX	0.11	(0.01)	0.38	(0.20)	0.14	(0.11)	0.25	(0.21)	0.63
SEMPX	0.12	0.01	0.64	(0.50)	0.00	(0.21)	0.36	(0.12)	0.81
MIMSX	1.18	(0.46)	0.00	7.68	0.00	0.00	1.37	(2.31)	22.26
SSSIX	1.12	(0.38)	0.00	(0.50)	0.00	0.00	1.36	(2.51)	15.21

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