Alpine High Correlations
| AHYMX Fund | USD 9.05 0.01 0.11% |
The current 90-days correlation between Alpine High Yield and Pro Blend Moderate Term is 0.06 (i.e., Significant diversification). The correlation of Alpine High 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.
Alpine |
Moving together with Alpine Mutual Fund
| 0.66 | GEGCX | Aberdeen Emerging Markets | PairCorr |
| 0.66 | GEMRX | Aberdeen Emerging Markets | PairCorr |
| 0.68 | GWLIX | Aberdeen Gbl Eq | PairCorr |
| 0.67 | GWLRX | Aberdeen Gbl Eq | PairCorr |
| 0.78 | CGFIX | Aberdeen Global Fixed | PairCorr |
| 1.0 | AAHMX | Aberdeen Short Duration | PairCorr |
| 0.75 | ASEMX | Abrdn Em Sma | PairCorr |
| 0.67 | ABEMX | Aberdeen Emerging Markts | PairCorr |
| 0.92 | ATOAX | Alpine Ultra Short | PairCorr |
| 0.94 | ATOBX | Aberdeen Ultra Short | PairCorr |
| 0.75 | ACHMX | Abrdn Short Duration | PairCorr |
| 0.79 | ADAVX | Alpine Dynamic Dividend | PairCorr |
| 0.79 | ADVDX | Alpine Dynamic Dividend | PairCorr |
| 0.68 | GLLAX | Aberdeen Gbl Eq | PairCorr |
| 0.67 | GLLCX | Aberdeen Gbl Eq | PairCorr |
| 0.68 | GLLSX | Aberdeen Global Equty | PairCorr |
| 0.67 | AEMSX | Aberden Emerng Mrkts | PairCorr |
| 0.69 | BJBHX | Aberdeen Global High | PairCorr |
| 0.72 | JHYIX | Aberdeen Global High | PairCorr |
| 0.72 | GNSRX | Aberdeen Small Cap | PairCorr |
| 0.8 | AGCIX | Aberdeen Global Unco | PairCorr |
| 0.83 | AIAFX | Alpine Global Infras | PairCorr |
| 0.73 | AIAGX | Alpine Realty Income | PairCorr |
| 0.78 | AIFRX | Alpine Global Infras | PairCorr |
| 0.73 | AIGYX | Alpine Realty Income | PairCorr |
| 0.73 | GSCIX | Aberdeen Small Cap | PairCorr |
| 0.72 | GSXAX | Aberdeen Small Cap | PairCorr |
| 0.72 | GSXCX | Aberdeen Small Cap | PairCorr |
| 0.73 | GSXIX | Aberdeen Small Cap | PairCorr |
| 0.79 | CUGAX | Aberdeen Global Unco | PairCorr |
| 0.8 | AMHIX | American High Income | PairCorr |
Moving against Alpine Mutual Fund
Related Correlations Analysis
| 0.87 | 0.97 | 0.89 | 0.95 | MNMCX | ||
| 0.87 | 0.88 | 0.99 | 0.91 | JTMIX | ||
| 0.97 | 0.88 | 0.91 | 0.96 | JTSQX | ||
| 0.89 | 0.99 | 0.91 | 0.94 | TRAVX | ||
| 0.95 | 0.91 | 0.96 | 0.94 | TPILX | ||
Risk-Adjusted Indicators
There is a big difference between Alpine Mutual Fund performing well and Alpine High 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 Alpine High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MNMCX | 0.33 | 0.07 | 0.02 | 0.32 | 0.00 | 0.68 | 4.13 | |||
| JTMIX | 0.31 | 0.07 | 0.02 | 0.30 | 0.00 | 0.58 | 4.09 | |||
| JTSQX | 0.49 | 0.05 | 0.04 | 0.17 | 0.38 | 1.05 | 3.97 | |||
| TRAVX | 0.33 | 0.04 | (0.02) | 0.19 | 0.16 | 0.66 | 2.93 | |||
| TPILX | 0.24 | 0.03 | (0.09) | 0.19 | 0.00 | 0.44 | 2.48 |