Alpine Global Correlations

Mutual Funds . USA . 
Fund . Alpine Global Infrastructure
AIAFX Fund  USD 25.98  0.06  0.23%   
The current 90-days correlation between Alpine Global Infras and Alpine Global Infrastructure is -0.31 (i.e., Very good diversification). The correlation of Alpine Global 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.

Alpine Global Correlation With Market

Good diversification

The correlation between Alpine Global Infrastructure and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpine Global Infrastructure 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 Alpine Global Infrastructure. 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 census.

Moving together with Alpine Mutual Fund

  0.93GEGAX Aberdeen Emerging MarketsPairCorr
  0.91GEGCX Aberdeen Emerging MarketsPairCorr
  0.93GEMRX Aberdeen Emerging MarketsPairCorr
  0.92GWLIX Aberdeen Gbl EqPairCorr
  0.92GWLRX Aberdeen Gbl EqPairCorr
  0.89STK Columbia Seligman PremiumPairCorr
  0.83CGFIX Aberdeen Global FixedPairCorr
  0.94GXXAX Aberdeen Equity APairCorr
  0.92GXXIX Aberdeen Equity InstlPairCorr
  0.92GGLIX Aberdeen Multi CapPairCorr
  0.97WVCCX Aberdeen Gbl SmallPairCorr
  0.9ASEMX Abrdn Em SmaPairCorr
  0.62ABESX Aberdeen Tax FreePairCorr
  0.93ABEMX Aberdeen Emerging MarktsPairCorr
  0.95ABNIX Aberdeen Global SmallPairCorr
  0.91ATOAX Alpine Ultra ShortPairCorr
  0.86ATOBX Aberdeen Ultra ShortPairCorr
  0.91ATOIX Alpine Ultra ShortPairCorr
  0.93JETAX Aberdeen Select IntePairCorr
  0.93JETIX Aberdeen Select IntePairCorr
  0.96ADAVX Alpine Dynamic DividendPairCorr
  0.94ADVDX Alpine Dynamic DividendPairCorr
  0.93GLLAX Aberdeen Gbl EqPairCorr
  0.92GLLCX Aberdeen Gbl EqPairCorr
  0.92GLLSX Aberdeen Global EqutyPairCorr
  0.91AEMSX Aberden Emerng MrktsPairCorr
  0.94BJBHX Aberdeen Global HighPairCorr
  0.93JHYIX Aberdeen Global HighPairCorr
  0.92GNSRX Aberdeen Small CapPairCorr
  0.84AGCIX Aberdeen Global UncoPairCorr
  0.81GOPRX Aberdeen China OpptyPairCorr
  0.85GOPAX Aberdeen China OpptyPairCorr
  0.8GOPCX Aberdeen China OpptyPairCorr
  0.81GOPIX Aberdeen China OpptyPairCorr
  0.97CPVCX Aberdeen Gbl SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alpine Mutual Fund performing well and Alpine Global 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 Alpine Global'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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