ALPHACENTRIC INCOME Correlations

IOFAX Fund

USD 7.27 -0.03 -0.41%

Current 90-days correlation between Alphacentric Income and Eagle Mlp Strategy is 0.01 (i.e., Significant diversification).The correlation of ALPHACENTRIC INCOME 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.

ALPHACENTRIC INCOME Correlation With Market

Modest diversification

Across the chosen horizon, IOFAX and DJI show a correlation of 0.29 and fall into the Modest diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Use Risk vs Return Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Alphacentric Income Opportunities within the portfolio mix. 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

0.63	LYFAX	Alphacentric Lifesci	Pair Corr
0.62	LYFCX	Alphacentric Lifesci	Pair Corr
0.64	LYFIX	Alphacentric Lifesci	Pair Corr
0.86	IOFCX	Alphacentric Income	Pair Corr
0.99	IOFIX	Alphacentric Income	Pair Corr
0.7	SIICX	Alphacentric Strategic	Pair Corr
0.71	SIIIX	Alphacentric Strategic	Pair Corr
0.77	PONCX	PIMCO Income	Pair Corr
0.77	PONAX	PIMCO Income	Pair Corr
0.77	PIPNX	PIMCO Income	Pair Corr
0.77	PONRX	PIMCO Income	Pair Corr
0.77	PONPX	PIMCO Incme Fund	Pair Corr
0.77	PIINX	PIMCO Income	Pair Corr
0.76	PIMIX	PIMCO Income	Pair Corr
0.65	LBNDX	Lord Abbett Bond	Pair Corr
0.74	FSTAX	Fidelity Advisor	Pair Corr
0.72	FSRIX	Fidelity Advisor	Pair Corr
0.67	GAAKX	Gmo Alternative	Pair Corr
0.73	GAAGX	Gmo Alternative	Pair Corr
0.61	PQTAX	PIMCO Trends Managed	Pair Corr
0.61	PQTNX	PIMCO Trends Managed	Pair Corr
0.61	PQTIX	Aa Pimco Tr	Pair Corr
0.61	WARCX	Wells Fargo Advantage	Pair Corr
0.64	MAIRX	Victory Trivalent	Pair Corr
0.73	FMNCX	Federated Municipal High	Pair Corr
0.8	FUSGX	Federated Fund For	Pair Corr
0.71	JPDIX	JPMorgan Preferred And	Pair Corr

Moving against ALPHACENTRIC Mutual Fund

0.58	GNXAX	Alphacentric Global	Pair Corr
0.57	GNXCX	Alphacentric Global	Pair Corr
0.56	GNXIX	Alphacentric Global	Pair Corr

Related Correlations Analysis

	REMVX	CMERX	EGLIX	TEOJX	EGLNX
REMVX		0.94	0.78	1.0	0.78	REMVX
CMERX	0.94		0.64	0.94	0.64	CMERX
EGLIX	0.78	0.64		0.75	1.0	EGLIX
TEOJX	1.0	0.94	0.75		0.75	TEOJX
EGLNX	0.78	0.64	1.0	0.75		EGLNX
	REMVX	CMERX	EGLIX	TEOJX	EGLNX

Risk-Adjusted Indicators

There is a big difference between ALPHACENTRIC Mutual Fund performing well and ALPHACENTRIC INCOME 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 INCOME'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
REMVX	0.85	0.16	0.12	0.15	1.24	-0.95	1.77	-1.34	7.49
CMERX	1.09	0.18	0.11	0.13	1.36	-1.16	2.00	-2.17	15.57
EGLIX	0.69	0.29	0.45	11.16	0.25	-0.88	1.44	-0.99	3.09
TEOJX	0.84	0.14	0.10	0.13	1.29	-0.84	1.62	-1.51	7.29
EGLNX	0.69	0.29	0.44	11.56	0.29	-0.84	1.52	-0.98	3.14

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