Roumell Opportunistic Correlations
| RAMSX Fund | USD 4.89 0.00 0.00% |
The current 90-days correlation between Roumell Opportunistic and Fidelity Vertible Securities is 0.28 (i.e., Modest diversification). The correlation of Roumell Opportunistic 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.
Roumell Opportunistic Correlation With Market
Significant diversification
The correlation between Roumell Opportunistic Value and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roumell Opportunistic Value and DJI in the same portfolio, assuming nothing else is changed.
Roumell |
Moving against Roumell Mutual Fund
Related Correlations Analysis
| 0.62 | 0.75 | 0.88 | 0.76 | 0.95 | FCVSX | ||
| 0.62 | 0.53 | 0.59 | 0.54 | 0.69 | XAVKX | ||
| 0.75 | 0.53 | 0.67 | 0.46 | 0.71 | VICIX | ||
| 0.88 | 0.59 | 0.67 | 0.94 | 0.95 | VAADX | ||
| 0.76 | 0.54 | 0.46 | 0.94 | 0.85 | GCV | ||
| 0.95 | 0.69 | 0.71 | 0.95 | 0.85 | CICVX | ||
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Risk-Adjusted Indicators
There is a big difference between Roumell Mutual Fund performing well and Roumell Opportunistic 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 Roumell Opportunistic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCVSX | 0.62 | 0.02 | 0.02 | 0.14 | 1.09 | 1.10 | 6.64 | |||
| XAVKX | 0.50 | (0.01) | (0.01) | (0.06) | 0.85 | 0.90 | 4.06 | |||
| VICIX | 0.26 | (0.02) | 0.00 | (0.15) | 0.00 | 0.61 | 2.52 | |||
| VAADX | 0.57 | 0.07 | 0.08 | 0.37 | 0.71 | 1.21 | 4.04 | |||
| GCV | 0.87 | 0.11 | 0.08 | 0.41 | 1.08 | 1.65 | 5.96 | |||
| CICVX | 0.49 | 0.04 | 0.06 | 0.48 | 0.62 | 0.99 | 3.54 |