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
Poor diversification
The correlation between 13d Activist Fund and DJI is 0.64 (i.e., Poor 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.
13d |
Moving together with 13d Mutual Fund
| 1.0 | DDDCX | 13d Activist | PairCorr |
| 0.96 | DDDAX | 13d Activist | PairCorr |
| 0.78 | AIDAX | Diversified Municipal | PairCorr |
| 0.84 | FJAZX | Fidelity Freedom Blend | PairCorr |
| 0.72 | CDCRX | Copeland Risk Managed | PairCorr |
| 0.85 | TMPFX | Tactical Multi Purpose | PairCorr |
| 0.61 | APOCX | Short Duration Inflation | PairCorr |
| 0.94 | DGFZX | Destinations Global Fixed | PairCorr |
| 0.75 | SIDCX | Siit Intermediate | PairCorr |
| 0.83 | ICLLX | Transamerica Asset | PairCorr |
Related Correlations Analysis
| 0.96 | 0.32 | 0.24 | 0.23 | DDDAX | ||
| 0.96 | 0.39 | 0.31 | 0.32 | DDDCX | ||
| 0.32 | 0.39 | 0.99 | 0.95 | FIDLX | ||
| 0.24 | 0.31 | 0.99 | 0.97 | CSRYX | ||
| 0.23 | 0.32 | 0.95 | 0.97 | 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 | 0.24 | (0.01) | (3.49) | 0.77 | 1.67 | 4.97 | |||
| DDDCX | 0.72 | 0.24 | (0.01) | (3.16) | 0.80 | 1.67 | 5.00 | |||
| FIDLX | 0.56 | 0.20 | 0.30 | 0.48 | 0.00 | 1.93 | 4.14 | |||
| CSRYX | 0.56 | 0.06 | 0.02 | 0.30 | 0.04 | 1.86 | 4.00 | |||
| FTHSX | 0.81 | 0.00 | 0.03 | 0.23 | 0.61 | 2.17 | 5.54 |