Coho Relative Correlations
| CESGX Fund | USD 1.21 0.00 0.00% |
The current 90-days correlation between Coho Relative Value and Prudential Health Sciences is 0.16 (i.e., Average diversification). The correlation of Coho Relative 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.
Coho Relative Correlation With Market
Average diversification
The correlation between Coho Relative Value and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coho Relative Value and DJI in the same portfolio, assuming nothing else is changed.
Coho |
Moving against Coho Mutual Fund
| 0.74 | MLPNX | Oppenheimer Steelpath Mlp Potential Growth | PairCorr |
| 0.72 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.71 | MLPMX | Oppenheimer Steelpath Mlp Potential Growth | PairCorr |
| 0.57 | VVIAX | Vanguard Value Index | PairCorr |
| 0.85 | DNMDX | Dunham Monthly Distr | PairCorr |
| 0.75 | DLTZX | Delaware Limited Term | PairCorr |
| 0.73 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.62 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.59 | OWMBX | Old Westbury Municipal | PairCorr |
| 0.54 | MSTPX | Morningstar Municipal | PairCorr |
| 0.52 | VMVAX | Vanguard Mid Cap | PairCorr |
| 0.41 | DFFVX | Us Targeted Value | PairCorr |
| 0.33 | VPMAX | Vanguard Primecap | PairCorr |
| 0.72 | DFVIX | Dfa International Value | PairCorr |
| 0.62 | UTDLX | My529 Large Cap | PairCorr |
| 0.59 | VGWLX | Vanguard Global Well | PairCorr |
| 0.57 | ETORX | Eaton Vance Oregon | PairCorr |
Related Correlations Analysis
| 0.97 | 0.82 | 0.99 | 0.86 | 0.98 | PJHRX | ||
| 0.97 | 0.87 | 0.97 | 0.89 | 0.97 | HCPIX | ||
| 0.82 | 0.87 | 0.82 | 0.76 | 0.81 | XXGRX | ||
| 0.99 | 0.97 | 0.82 | 0.89 | 0.97 | LHCCX | ||
| 0.86 | 0.89 | 0.76 | 0.89 | 0.88 | SCHLX | ||
| 0.98 | 0.97 | 0.81 | 0.97 | 0.88 | HIAHX | ||
Risk-Adjusted Indicators
There is a big difference between Coho Mutual Fund performing well and Coho Relative 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 Coho Relative'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PJHRX | 0.81 | 0.27 | 0.22 | (2.50) | 0.60 | 2.07 | 5.18 | |||
| HCPIX | 0.98 | 0.25 | 0.16 | 3.32 | 0.90 | 3.31 | 7.66 | |||
| XXGRX | 0.61 | 0.04 | (0.01) | 0.25 | 0.70 | 1.50 | 3.61 | |||
| LHCCX | 0.73 | 0.20 | 0.17 | 6.60 | 0.60 | 1.80 | 4.51 | |||
| SCHLX | 0.70 | 0.06 | 0.03 | 0.18 | 0.95 | 2.14 | 7.43 | |||
| HIAHX | 0.69 | 0.21 | 0.24 | 0.35 | 0.36 | 2.21 | 4.45 |
Coho Relative Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Coho Relative mutual fund to make a market-neutral strategy. Peer analysis of Coho Relative could also be used in its relative valuation, which is a method of valuing Coho Relative by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |