Counterpoint Tactical Correlations

CPATX Fund

USD 11.33 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and American Funds Developing is 0.29 (i.e., Modest diversification). The correlation of Counterpoint Tactical 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.

Counterpoint Tactical Correlation With Market

Almost no diversification

The correlation between Counterpoint Tactical Income and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Counterpoint Tactical 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 producer price index.

Moving together with Counterpoint Mutual Fund

1.0	CPITX	Counterpoint Tactical	Pair Corr
0.93	BSICX	Blackrock Strategic Opps	Pair Corr
0.93	BASIX	Blackrock Strategic Opps	Pair Corr
0.94	BSIIX	Blackrock Strategic	Pair Corr
0.94	BSIKX	Blackrock Strategic	Pair Corr
0.91	JSORX	Jpmorgan Strategic Income	Pair Corr
0.91	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.89	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.89	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.91	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.92	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.91	BRUFX	Bruce Fund Bruce	Pair Corr
0.83	SPGSX	State Street Premier	Pair Corr
0.83	KF	Korea Closed	Pair Corr
0.91	ASVIX	Small Cap Value	Pair Corr
0.93	SSAYX	State Street Target	Pair Corr
0.93	EEIAX	Eaton Vance Emerging	Pair Corr
0.93	AUXIX	Auxier Focus	Pair Corr
0.96	ITTTX	Hartford Balanced	Pair Corr
0.9	RCLCX	Conservative Strategy	Pair Corr
0.88	HFHCX	Hartford Floating	Pair Corr
0.82	TBDCX	Prudential Jennison	Pair Corr
0.95	CUBAX	Calvert Unconstrained	Pair Corr
0.93	MGDNX	Mainstay Moderate Growth	Pair Corr
0.76	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	AGEIX	American Beacon Global	Pair Corr
0.93	HMJCX	Hartford Municipal Short	Pair Corr
0.92	CAXCX	Catalystmap Global Equity	Pair Corr
0.92	ANVHX	American Century Non	Pair Corr
0.92	CIRFX	Capital Income Builder	Pair Corr
0.87	DLRHX	Delaware Healthcare	Pair Corr
0.94	MCFAX	Miller Vertible Bond	Pair Corr
0.95	GHTRX	Goldman Sachs Intern	Pair Corr
0.88	CEFIX	Congressional Effect	Pair Corr

Related Correlations Analysis

	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX
CPITX		0.96	0.96	0.93	0.92	0.92	0.3	0.92	0.81	0.84	CPITX
FCFWX	0.96		0.98	0.9	0.93	0.93	0.35	0.92	0.8	0.9	FCFWX
GDV	0.96	0.98		0.94	0.94	0.94	0.3	0.91	0.76	0.9	GDV
TPPAX	0.93	0.9	0.94		0.96	0.96	0.19	0.87	0.69	0.82	TPPAX
AMANX	0.92	0.93	0.94	0.96		1.0	0.17	0.92	0.69	0.82	AMANX
AMINX	0.92	0.93	0.94	0.96	1.0		0.17	0.92	0.69	0.81	AMINX
HCMDX	0.3	0.35	0.3	0.19	0.17	0.17		0.12	0.67	0.34	HCMDX
SHYPX	0.92	0.92	0.91	0.87	0.92	0.92	0.12		0.73	0.8	SHYPX
NASDX	0.81	0.8	0.76	0.69	0.69	0.69	0.67	0.73		0.61	NASDX
DWGFX	0.84	0.9	0.9	0.82	0.82	0.81	0.34	0.8	0.61		DWGFX
	CPITX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX

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Risk-Adjusted Indicators

There is a big difference between Counterpoint Mutual Fund performing well and Counterpoint Tactical 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 Counterpoint Tactical'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
CPITX	0.10	0.01	(0.40)	0.29	0.00	(0.13)	0.27	(0.18)	0.54
FCFWX	0.35	0.04	0.00	0.15	0.30	(0.40)	0.68	(0.66)	1.97
GDV	0.57	0.07	0.07	0.17	0.56	(0.62)	1.14	(1.22)	2.94
TPPAX	0.41	0.13	0.17	0.41	0.00	(0.47)	0.74	(0.64)	6.56
AMANX	0.57	0.12	0.14	0.26	0.42	(0.66)	1.15	(1.12)	7.55
AMINX	0.57	0.12	0.14	0.26	0.41	(0.66)	1.13	(1.11)	7.66
HCMDX	1.17	(0.02)	0.00	0.05	1.72	(1.10)	2.07	(3.01)	7.37
SHYPX	0.10	0.03	(0.31)	0.39	0.00	(0.17)	0.22	(0.11)	0.76
NASDX	0.82	0.05	0.04	0.13	1.05	(0.83)	1.84	(2.04)	6.55
DWGFX	0.57	0.12	0.14	0.31	0.30	(0.68)	1.46	(1.00)	2.70

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Counterpoint Tactical Correlations

Counterpoint Tactical Correlation With Market

Almost no diversification

Moving together with Counterpoint Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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