13d Activist Correlations

DDDCX Fund

USD 19.14 0.12 0.62%

The current 90-days correlation between 13d Activist and Riskproreg Pfg 0 15 is 0.51 (i.e., Very weak diversification). The correlation of 13d Activist 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.

13d Activist Correlation With Market

Very poor diversification

The correlation between 13d Activist Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 13d Activist Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 13d Activist Fund. 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 interest.

Moving together with 13d Mutual Fund

1.0	DDDIX	13d Activist	Pair Corr
0.76	DDDAX	13d Activist	Pair Corr
0.84	VIMAX	Vanguard Mid Cap	Pair Corr
0.83	VIMSX	Vanguard Mid Cap	Pair Corr
0.84	VMCPX	Vanguard Mid Cap	Pair Corr
0.84	VMCIX	Vanguard Mid Cap	Pair Corr
0.71	VEXAX	Vanguard Extended Market	Pair Corr
0.88	VEMPX	Vanguard Extended Market	Pair Corr
0.88	VIEIX	Vanguard Extended Market	Pair Corr
0.66	VSEMX	Vanguard Extended Market	Pair Corr
0.88	VEXMX	Vanguard Extended Market	Pair Corr
0.88	FSMAX	Fidelity Extended Market	Pair Corr
0.61	CII	Blackrock Enhanced	Pair Corr
0.73	ETV	Eaton Vance Tax	Pair Corr
0.71	CLM	Cornerstone Strategic	Pair Corr
0.71	CRF	Cornerstone Total Return	Pair Corr
0.69	NFJ	Virtus Dividend Interest	Pair Corr
0.66	CLSCX	Columbia Strategic Income	Pair Corr
0.8	JGCSX	Janus Global Allocation	Pair Corr
0.81	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.75	JIAFX	Income Allocation	Pair Corr
0.7	NCICX	New Enant Income	Pair Corr
0.61	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.62	FCVCX	Fidelity Small Cap	Pair Corr
0.8	WGBAX	Wealthbuilder Growth	Pair Corr
0.68	GRHAX	Goehring Rozencwajg	Pair Corr
0.65	FLADX	Franklin Lifesmart 2040	Pair Corr
0.75	PCCOX	T Rowe Price	Pair Corr
0.63	MAIFX	Mutual Of America	Pair Corr

Moving against 13d Mutual Fund

0.36

USA

Liberty All Star

Pair Corr

Related Correlations Analysis

	PFADX	IHD	KMVAX	AABPX	LDVAX	PFSLX	LKBAX	TSCIX	EAERX	MONTX
PFADX		0.92	0.09	0.9	0.67	0.84	0.7	0.72	0.65	0.85	PFADX
IHD	0.92		-0.06	0.85	0.72	0.88	0.64	0.7	0.73	0.92	IHD
KMVAX	0.09	-0.06		0.3	0.33	-0.16	0.6	0.15	-0.24	0.09	KMVAX
AABPX	0.9	0.85	0.3		0.66	0.79	0.81	0.78	0.56	0.79	AABPX
LDVAX	0.67	0.72	0.33	0.66		0.44	0.76	0.43	0.62	0.8	LDVAX
PFSLX	0.84	0.88	-0.16	0.79	0.44		0.5	0.86	0.72	0.82	PFSLX
LKBAX	0.7	0.64	0.6	0.81	0.76	0.5		0.63	0.4	0.73	LKBAX
TSCIX	0.72	0.7	0.15	0.78	0.43	0.86	0.63		0.59	0.75	TSCIX
EAERX	0.65	0.73	-0.24	0.56	0.62	0.72	0.4	0.59		0.73	EAERX
MONTX	0.85	0.92	0.09	0.79	0.8	0.82	0.73	0.75	0.73		MONTX
	PFADX	IHD	KMVAX	AABPX	LDVAX	PFSLX	LKBAX	TSCIX	EAERX	MONTX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IHD	+ 0.92	PFADX
MONTX	+ 0.92	IHD
AABPX	+ 0.9	PFADX
PFSLX	+ 0.88	IHD
TSCIX	+ 0.86	PFSLX
MONTX	+ 0.85	PFADX

High negative correlations

EAERX	- 0.24	KMVAX
PFSLX	- 0.16	KMVAX
KMVAX	- 0.06	IHD

Risk-Adjusted Indicators

There is a big difference between 13d Mutual Fund performing well and 13d Activist 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 13d Activist'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
PFADX	0.18	0.01	(0.21)	0.16	0.00	(0.23)	0.40	(0.30)	1.03
IHD	0.69	0.06	0.03	0.16	1.01	(0.73)	1.55	(1.11)	6.07
KMVAX	0.73	(0.17)	0.00	(0.08)	0.00	0.00	1.58	(1.71)	5.20
AABPX	0.33	(0.02)	(0.09)	0.05	0.41	(0.35)	0.82	(0.64)	3.03
LDVAX	0.95	(0.01)	(0.06)	3.00	1.41	(0.88)	1.80	(2.48)	5.95
PFSLX	1.11	(0.04)	0.00	0.05	1.38	(1.17)	2.39	(1.85)	7.50
LKBAX	0.30	(0.05)	0.00	(0.02)	0.00	0.00	0.79	(0.54)	2.35
TSCIX	0.86	(0.10)	(0.07)	0.00	1.09	(0.90)	1.57	(1.54)	4.89
EAERX	0.50	0.06	(0.04)	(0.72)	0.63	(0.53)	1.19	(0.92)	3.96
MONTX	0.84	(0.07)	(0.05)	0.01	1.26	(0.84)	1.46	(2.20)	5.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC