Alphacentric Hedged Correlations

Mutual Funds . USA . 
Fund . Alphacentric Hedged Market
HMXAX Fund  USD 29.23  0.32  1.08%   
The current 90-days correlation between Alphacentric Hedged and Alphacentric Hedged Market is -0.37 (i.e., Very good diversification). The correlation of Alphacentric Hedged 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.

Alphacentric Hedged Correlation With Market

Very good diversification

The correlation between Alphacentric Hedged Market and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphacentric Hedged Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alphacentric Hedged Market. 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 nation.

Moving together with Alphacentric Mutual Fund

  0.72LYFAX Alphacentric LifesciPairCorr
  0.71LYFCX Alphacentric LifesciPairCorr
  0.72LYFIX Alphacentric LifesciPairCorr
  0.69IOFAX Alphacentric IncomePairCorr
  0.66IOFCX Alphacentric IncomePairCorr
  0.69IOFIX Alphacentric IncomePairCorr
  0.98HMXCX Alphacentric HedgedPairCorr
  0.98HMXIX Alphacentric HedgedPairCorr
  0.92SYMAX Alphacentric SymmetryPairCorr
  0.93SYMCX Alphacentric SymmetryPairCorr
  0.9SYMIX Alphacentric SymmetryPairCorr
  0.92SIICX Alphacentric StrategicPairCorr
  0.93SIIIX Alphacentric StrategicPairCorr
  0.94GNXAX Alphacentric GlobalPairCorr
  0.91GNXCX Alphacentric GlobalPairCorr
  0.92GNXIX Alphacentric GlobalPairCorr
  0.97JHQCX Jpmorgan Hedged EquityPairCorr
  0.97JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  1.0GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  0.94JHDCX Jpmorgan Hedged EquityPairCorr
  0.95JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.96FHKCX Fidelity China RegionPairCorr
  0.97VCNIX Nasdaq 100 IndexPairCorr
  0.95GWPCX American Funds GrowthPairCorr
  0.96HERVX Hartford Emerging MarketsPairCorr
  0.98JHBZX Jhancock MultimanagerPairCorr
  0.96FRTSX Franklin Lifesmart 2020PairCorr
  0.84RGSVX Rare Global InfrastrPairCorr
  0.97BZOAX Ohio Variable CollegePairCorr
  0.89FPSIX Fidelity Advisor 529PairCorr
  0.86RYBHX Sp Midcap 400PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alphacentric Mutual Fund performing well and Alphacentric Hedged 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 Alphacentric Hedged'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.

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