13d Activist Correlations

DDDIX Fund

USD 21.07 0.17 0.80%

The current 90-days correlation between 13d Activist and 13d Activist Fund is -0.08 (i.e., Good diversification). The correlation of 13d Activist 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.

13d Activist Correlation With Market

Good diversification

The correlation between 13d Activist Fund and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 13d Activist Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 13d Activist Fund. 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 gross domestic product.

Moving together with 13d Mutual Fund

0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	VIMSX	Vanguard Mid Cap	Pair Corr
0.96	VMCPX	Vanguard Mid Cap	Pair Corr
0.96	VMCIX	Vanguard Mid Cap	Pair Corr
0.86	VEXAX	Vanguard Extended Market	Pair Corr
0.96	VEMPX	Vanguard Extended Market	Pair Corr
0.86	VIEIX	Vanguard Extended Market	Pair Corr
0.67	VSEMX	Vanguard Extended Market	Pair Corr
0.96	VEXMX	Vanguard Extended Market	Pair Corr
0.96	FSMAX	Fidelity Extended Market	Pair Corr
0.94	SMPIX	Semiconductor Ultrasector	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	RSNRX	Victory Global Natural	Pair Corr
0.84	EMO	Clearbridge Energy Mlp	Pair Corr
0.93	RSNYX	Victory Global Natural	Pair Corr
0.93	RGNCX	Victory Global Natural	Pair Corr
0.86	MAUKX	Pioneer Multi Asset	Pair Corr
0.86	CVLOX	Calamos Global Growth	Pair Corr

Moving against 13d Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.32	WMT	Walmart	Pair Corr

Related Correlations Analysis

	DDDAX	DDDCX	FIDLX	CSRYX	FTHSX
DDDAX		0.86	0.81	0.76	0.74	DDDAX
DDDCX	0.86		0.96	0.94	0.92	DDDCX
FIDLX	0.81	0.96		0.98	0.93	FIDLX
CSRYX	0.76	0.94	0.98		0.95	CSRYX
FTHSX	0.74	0.92	0.93	0.95		FTHSX
	DDDAX	DDDCX	FIDLX	CSRYX	FTHSX

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Risk-Adjusted Indicators

There is a big difference between 13d Mutual Fund performing well and 13d Activist 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 13d Activist'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
DDDAX	0.72	0.01	(0.01)	0.24	0.75	(0.75)	1.67	(1.58)	4.97
DDDCX	0.73	0.25	(0.03)	(1.07)	0.82	(0.77)	1.67	(1.62)	5.00
FIDLX	0.49	0.30	0.11	(5.71)	0.00	(0.63)	1.59	(0.53)	4.14
CSRYX	0.50	0.21	(0.09)	(1.11)	0.32	(0.57)	1.45	(0.79)	4.00
FTHSX	0.79	0.24	(0.06)	(0.65)	0.68	(0.94)	1.67	(1.52)	5.54

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