Alphacentric Strategic Correlations

SIICX Fund

USD 16.33 0.01 0.06%

The current 90-days correlation between Alphacentric Strategic and Angel Oak Multi Strategy is 0.13 (i.e., Average diversification). The correlation of Alphacentric Strategic 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.

Alphacentric Strategic Correlation With Market

Good diversification

The correlation between Alphacentric Strategic Income and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Strategic Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alphacentric Strategic 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 main economic indicators.

Moving together with AlphaCentric Mutual Fund

0.76	HMXAX	Alphacentric Hedged	Pair Corr
0.83	SYMAX	Alphacentric Symmetry	Pair Corr
0.67	SYMCX	Alphacentric Symmetry	Pair Corr
0.84	SYMIX	Alphacentric Symmetry	Pair Corr
0.98	SIIIX	Alphacentric Strategic	Pair Corr
0.77	GNXAX	Alphacentric Global	Pair Corr
0.76	GNXCX	Alphacentric Global	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr

Moving against AlphaCentric Mutual Fund

0.6	IOFCX	Alphacentric Income	Pair Corr
0.5	IOFAX	Alphacentric Income	Pair Corr
0.5	IOFIX	Alphacentric Income	Pair Corr
0.42	RAMEX	Short Term Bond	Pair Corr
0.34	FAZPLX	Fazplx	Pair Corr
0.44	FSGIX	Federated Gov Sec	Pair Corr
0.35	PZINX	Pzena International Value	Pair Corr
0.34	MBFAX	Total Return Bond	Pair Corr
0.32	BIGCX	Blackrock Gov Bd	Pair Corr

Related Correlations Analysis

	ANGCX	FHKFX	UUPIX	REMVX	SMSDX	BELSX	PIEFX	EMDQX
ANGCX		0.71	0.68	0.65	0.51	0.73	0.6	0.9	ANGCX
FHKFX	0.71		0.88	0.82	0.6	0.81	0.84	0.85	FHKFX
UUPIX	0.68	0.88		0.8	0.73	0.89	0.82	0.88	UUPIX
REMVX	0.65	0.82	0.8		0.86	0.7	0.99	0.8	REMVX
SMSDX	0.51	0.6	0.73	0.86		0.65	0.86	0.68	SMSDX
BELSX	0.73	0.81	0.89	0.7	0.65		0.7	0.87	BELSX
PIEFX	0.6	0.84	0.82	0.99	0.86	0.7		0.78	PIEFX
EMDQX	0.9	0.85	0.88	0.8	0.68	0.87	0.78		EMDQX
	ANGCX	FHKFX	UUPIX	REMVX	SMSDX	BELSX	PIEFX	EMDQX

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Risk-Adjusted Indicators

There is a big difference between AlphaCentric Mutual Fund performing well and Alphacentric Strategic 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 Alphacentric Strategic'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
ANGCX	0.13	0.02	0.22	(1.27)	0.00	(0.22)	0.36	(0.24)	0.83
FHKFX	0.85	0.12	0.11	0.20	0.96	(0.92)	1.94	(1.85)	5.94
UUPIX	2.35	0.26	0.10	(1.14)	2.88	(2.55)	4.92	(4.34)	14.16
REMVX	0.76	0.13	0.14	0.23	0.82	(0.83)	1.67	(1.54)	5.76
SMSDX	0.21	0.03	0.20	(0.63)	0.10	(0.26)	0.43	(0.42)	1.30
BELSX	0.44	0.08	0.17	0.60	0.45	(0.48)	0.92	(0.88)	2.59
PIEFX	0.96	0.13	0.11	0.20	1.16	(1.00)	2.06	(1.98)	6.94
EMDQX	0.30	0.05	0.19	(4.50)	0.15	(0.43)	0.68	(0.45)	1.75

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