Beck Mack Correlations

BMPEX Fund

USD 27.91 0.76 2.65%

The current 90-days correlation between Beck Mack Oliver and T Rowe Price is 0.39 (i.e., Weak diversification). The correlation of Beck Mack 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.

Beck Mack Correlation With Market

Poor diversification

The correlation between Beck Mack Oliver and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beck Mack Oliver 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 Beck Mack Oliver. 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 small area income & poverty estimates.

Moving together with Beck Mutual Fund

0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.75	VTSMX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr
0.7	VIIIX	Vanguard Institutional	Pair Corr
0.68	GPBFX	Gmo E Plus	Pair Corr
0.81	GPMFX	Guidepath Managed Futures	Pair Corr
0.62	PQTAX	Pimco Trends Managed	Pair Corr
0.67	PQTNX	Pimco Trends Managed	Pair Corr
0.67	PQTIX	Aa Pimco Tr	Pair Corr
0.66	WARCX	Wells Fargo Advantage	Pair Corr
0.78	VHYLX	Valic Company I	Pair Corr
0.81	DIFDX	Mfs Diversified Income	Pair Corr
0.77	DSHGX	Dfa Selectively Hedged	Pair Corr
0.78	GDV	Gabelli Dividend Income	Pair Corr
0.82	LMCMX	Miller Income	Pair Corr
0.74	DMCRX	Driehaus Micro Cap	Pair Corr
0.72	FIDZX	Fidelity Advisor Int	Pair Corr
0.82	LMCLX	Miller Income	Pair Corr
0.82	LMCKX	Miller Income	Pair Corr
0.68	WPASX	Ab Centrated Growth	Pair Corr
0.84	LMOPX	Miller Opportunity Trust	Pair Corr
0.72	AUUIX	Ab Select Equity	Pair Corr
0.84	VIOPX	Valic Company I	Pair Corr
0.74	GAB	Gabelli Equity Trust	Pair Corr
0.72	GSFPX	Goldman Sachs Equity Potential Growth	Pair Corr
0.78	ARRBX	Aristotle Funds Series	Pair Corr
0.74	CSXRX	Calvert Large Cap	Pair Corr
0.83	MVISX	Miller Opportunity Trust	Pair Corr
0.68	CRF	Cornerstone Total Return	Pair Corr

Related Correlations Analysis

	TRAOX	GVMCX	DMA	HLFNX	PLHHX	AVEAX	AFJAX	SIBAX	TAAGX	WTBN
TRAOX		0.78	0.46	0.48	0.78	0.33	0.8	0.69	0.74	0.39	TRAOX
GVMCX	0.78		0.8	0.82	0.96	-0.03	0.9	0.87	0.85	0.41	GVMCX
DMA	0.46	0.8		0.88	0.85	-0.37	0.74	0.75	0.64	0.18	DMA
HLFNX	0.48	0.82	0.88		0.84	-0.3	0.69	0.81	0.65	0.15	HLFNX
PLHHX	0.78	0.96	0.85	0.84		-0.14	0.88	0.93	0.79	0.41	PLHHX
AVEAX	0.33	-0.03	-0.37	-0.3	-0.14		0.01	-0.16	0.08	-0.03	AVEAX
AFJAX	0.8	0.9	0.74	0.69	0.88	0.01		0.76	0.92	0.31	AFJAX
SIBAX	0.69	0.87	0.75	0.81	0.93	-0.16	0.76		0.73	0.35	SIBAX
TAAGX	0.74	0.85	0.64	0.65	0.79	0.08	0.92	0.73		0.2	TAAGX
WTBN	0.39	0.41	0.18	0.15	0.41	-0.03	0.31	0.35	0.2		WTBN
	TRAOX	GVMCX	DMA	HLFNX	PLHHX	AVEAX	AFJAX	SIBAX	TAAGX	WTBN

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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

PLHHX	+ 0.96	GVMCX
SIBAX	+ 0.93	PLHHX
TAAGX	+ 0.92	AFJAX
AFJAX	+ 0.9	GVMCX
HLFNX	+ 0.88	DMA
AFJAX	+ 0.88	PLHHX

High negative correlations

AVEAX	- 0.37	DMA
AVEAX	- 0.3	HLFNX
SIBAX	- 0.16	AVEAX
AVEAX	- 0.14	PLHHX
WTBN	- 0.03	AVEAX
AVEAX	- 0.03	GVMCX

Risk-Adjusted Indicators

There is a big difference between Beck Mutual Fund performing well and Beck Mack 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 Beck Mack'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
TRAOX	0.70	0.02	0.01	0.10	0.66	(0.82)	1.44	(1.27)	3.69
GVMCX	0.72	0.02	0.02	0.08	0.87	(0.74)	1.34	(1.60)	3.72
DMA	0.49	0.08	0.06	0.42	0.33	(0.61)	1.11	(0.83)	4.30
HLFNX	1.12	0.04	0.05	0.10	1.16	(1.37)	2.11	(2.57)	11.09
PLHHX	0.55	0.03	0.02	0.10	0.61	(0.61)	1.19	(1.10)	3.29
AVEAX	1.05	(0.16)	0.00	(0.06)	0.00	0.00	2.00	(2.45)	7.38
AFJAX	0.59	0.12	0.11	0.51	0.49	(0.70)	1.47	(1.19)	3.15
SIBAX	0.45	0.00	(0.05)	0.06	0.60	(0.48)	1.00	(1.01)	2.83
TAAGX	1.02	0.14	0.06	0.90	1.19	(1.09)	1.98	(1.95)	5.51
WTBN	0.14	(0.02)	0.00	(0.16)	0.00	0.00	0.27	(0.28)	0.67

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