Axonic Alternative Correlations

AAIDX Fund

USD 20.09 0.00 0.00%

The current 90-days correlation between Axonic Alternative Income and Jpmorgan Government Bond is -0.25 (i.e., Very good diversification). The correlation of Axonic Alternative 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.

Check out Trending Equities to better understand how to build diversified portfolios. 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 small area income & poverty estimates.

Moving together with Axonic Mutual Fund

0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.61	NHS	Neuberger Berman High	Pair Corr
0.63	PRNEX	T Rowe Price	Pair Corr
0.65	PISDX	Columbia Pyrford Int	Pair Corr
0.61	REREX	Europacific Growth	Pair Corr
0.63	TFEBX	Tax Exempt Bond	Pair Corr
0.61	FTISX	Fidelity International	Pair Corr

Related Correlations Analysis

	RGVCX	PGIQX	UGSFX	RGVAX	UIGSX	OGGPX
RGVCX		0.96	0.99	0.98	0.94	0.94	RGVCX
PGIQX	0.96		0.97	0.95	0.94	0.96	PGIQX
UGSFX	0.99	0.97		0.99	0.94	0.95	UGSFX
RGVAX	0.98	0.95	0.99		0.9	0.94	RGVAX
UIGSX	0.94	0.94	0.94	0.9		0.89	UIGSX
OGGPX	0.94	0.96	0.95	0.94	0.89		OGGPX
	RGVCX	PGIQX	UGSFX	RGVAX	UIGSX	OGGPX

Risk-Adjusted Indicators

There is a big difference between Axonic Mutual Fund performing well and Axonic Alternative 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 Axonic Alternative'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
RGVCX	0.13	0.01	(0.17)	0.27	0.05	(0.17)	0.25	(0.25)	0.66
PGIQX	0.14	0.01	(0.12)	1.34	0.00	(0.20)	0.25	(0.25)	0.63
UGSFX	0.12	0.01	(0.19)	0.83	0.00	(0.17)	0.33	(0.25)	0.58
RGVAX	0.13	0.00	(0.19)	0.30	0.07	(0.16)	0.25	(0.25)	0.58
UIGSX	0.13	0.01	(0.13)	0.54	0.00	(0.18)	0.33	(0.22)	0.67
OGGPX	0.15	0.01	(0.13)	0.53	0.06	(0.21)	0.31	(0.31)	0.72

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Axonic Alternative Correlations

Moving together with Axonic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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