Dataax Correlations
| DATAAX Fund | 10.62 0.02 0.19% |
The current 90-days correlation between Dataax and Barings Global Floating is -0.04 (i.e., Good diversification). The correlation of Dataax 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.
Dataax Correlation With Market
Average diversification
The correlation between Dataax and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dataax and DJI in the same portfolio, assuming nothing else is changed.
Dataax |
Moving together with Dataax Fund
| 0.61 | CVLOX | Calamos Global Growth | PairCorr |
| 0.88 | AA | Alcoa Corp | PairCorr |
| 0.94 | CAT | Caterpillar | PairCorr |
| 0.93 | JPM | JPMorgan Chase | PairCorr |
| 0.7 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.63 | INTC | Intel | PairCorr |
| 0.94 | BAC | Bank of America | PairCorr |
| 0.61 | MMM | 3M Company | PairCorr |
| 0.81 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.74 | DIS | Walt Disney | PairCorr |
| 0.82 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Dataax Fund
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Dataax Fund performing well and Dataax 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 Dataax'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BXFIX | 0.09 | 0.03 | (1.31) | 1.44 | 0.00 | 0.24 | 0.82 | |||
| RGELX | 0.50 | 0.06 | 0.02 | 0.29 | 0.11 | 1.27 | 3.63 | |||
| MHEFX | 0.41 | 0.13 | 0.00 | 0.53 | 0.00 | 0.93 | 5.99 | |||
| RHSAX | 0.79 | 0.10 | 0.12 | 0.30 | 0.44 | 1.63 | 5.95 | |||
| LCIAX | 0.53 | 0.06 | 0.04 | 0.28 | 0.10 | 1.14 | 4.96 | |||
| OWLSX | 0.42 | 0.08 | (0.02) | 0.35 | 0.00 | 1.25 | 3.37 | |||
| HIGCX | 0.48 | 0.05 | (0.01) | 0.27 | 0.19 | 1.19 | 3.96 |