Crow Point Correlations
CGHIX Fund | USD 10.67 0.03 0.28% |
The current 90-days correlation between Crow Point Defined and The Hartford Inflation is 0.19 (i.e., Average diversification). The correlation of Crow Point 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.
Crow Point Correlation With Market
Very poor diversification
The correlation between Crow Point Defined 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 Crow Point Defined and DJI in the same portfolio, assuming nothing else is changed.
Crow |
Moving together with Crow Mutual Fund
0.84 | PAALX | All Asset Fund | PairCorr |
0.69 | PATRX | Pimco All Asset | PairCorr |
0.69 | PAAIX | All Asset Fund | PairCorr |
0.84 | PALPX | Pimco All Asset | PairCorr |
0.84 | PASAX | All Asset Fund | PairCorr |
0.84 | PASCX | All Asset Fund | PairCorr |
0.84 | PAANX | Pimco All Asset | PairCorr |
0.71 | PAUPX | Pimco All Asset | PairCorr |
0.81 | PAUIX | Pimco All Asset | PairCorr |
0.9 | WARRX | Wells Fargo Advantage | PairCorr |
0.76 | XDSMX | Dreyfus Strategic | PairCorr |
0.62 | CIF | Mfs Intermediate High | PairCorr |
0.79 | XNXJX | Nuveen New Jersey | PairCorr |
0.79 | NXJ | Nuveen New Jersey | PairCorr |
0.82 | XNBHX | Neuberger Berman Int | PairCorr |
0.76 | LSBDX | Loomis Sayles Bond | PairCorr |
0.89 | CMTKX | Future Scholar 529 | PairCorr |
0.7 | FBKWX | Fidelity Total Bond | PairCorr |
0.67 | GDIIX | Rnc Genter Dividend | PairCorr |
0.78 | MBMDX | Mfs Maryland Municipal | PairCorr |
0.64 | OIBIX | Oppenheimer Intl | PairCorr |
0.71 | TRMCX | T Rowe Price | PairCorr |
0.8 | LGOPX | Lord Abbett Growth | PairCorr |
0.68 | ORSTX | Oppenheimer Rchstr Shrt | PairCorr |
0.77 | WHYIX | Wells Fargo Advantage | PairCorr |
0.76 | RFBAX | Davis Government Bond | PairCorr |
0.84 | FRQAX | Fidelity Income Repl | PairCorr |
0.66 | MJFOX | Matthews Japan | PairCorr |
0.8 | GGGIX | Gamco Global Growth | PairCorr |
0.92 | JRTTX | Retirement Living Through | PairCorr |
0.72 | SECAX | Siit Small Cap | PairCorr |
0.61 | DBLTX | Doubleline Total Return | PairCorr |
0.69 | GMMRX | Nationwide Investor | PairCorr |
0.78 | EPGFX | Europac Gold | PairCorr |
0.86 | FWCGX | American Funds Capital | PairCorr |
0.84 | TDMRX | Templeton Developing | PairCorr |
Related Correlations Analysis
0.94 | 0.97 | 0.76 | 0.97 | 0.99 | HIPAX | ||
0.94 | 0.88 | 0.91 | 0.89 | 0.93 | PFRMX | ||
0.97 | 0.88 | 0.68 | 1.0 | 0.96 | MXIHX | ||
0.76 | 0.91 | 0.68 | 0.69 | 0.74 | ABYIX | ||
0.97 | 0.89 | 1.0 | 0.69 | 0.96 | TIIHX | ||
0.99 | 0.93 | 0.96 | 0.74 | 0.96 | VIPIX | ||
Risk-Adjusted Indicators
There is a big difference between Crow Mutual Fund performing well and Crow Point 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 Crow Point'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HIPAX | 0.13 | 0.03 | (0.12) | 0.65 | 0.00 | 0.30 | 0.79 | |||
PFRMX | 0.25 | 0.07 | 0.05 | 1.07 | 0.07 | 0.46 | 1.45 | |||
MXIHX | 0.14 | 0.02 | (0.15) | 0.48 | 0.00 | 0.32 | 0.75 | |||
ABYIX | 0.35 | 0.06 | 0.07 | 0.19 | 0.23 | 0.84 | 2.22 | |||
TIIHX | 0.13 | 0.02 | (0.19) | 0.77 | 0.00 | 0.37 | 0.75 | |||
VIPIX | 0.19 | 0.03 | (0.09) | 0.40 | 0.00 | 0.42 | 0.96 |