Altegris Futures Correlations

EVOIX Fund  USD 6.16  0.03  0.49%   
The current 90-days correlation between Altegris Futures Evo and Ab Bond Inflation is 0.11 (i.e., Average diversification). The correlation of Altegris Futures 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.

Altegris Futures Correlation With Market

Average diversification

The correlation between Altegris Futures Evolution and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altegris Futures Evolution 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 Altegris Futures Evolution. 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 Altegris Mutual Fund

  0.99EVOCX Altegris Futures EvoPairCorr
  0.83EVOAX Altegris Futures EvoPairCorr
  0.9PQTAX Pimco Trends ManagedPairCorr
  0.84PQTNX Pimco Trends ManagedPairCorr
  0.83AHLPX American Beacon AhlPairCorr
  0.75AMFNX Asg Managed FuturesPairCorr
  0.74AMFAX Asg Managed FuturesPairCorr
  0.63ASFCX Asg Managed FuturesPairCorr
  0.62GPBFX Gmo E PlusPairCorr
  0.66GPMFX Guidepath Managed FuturesPairCorr
  0.85PQTIX Aa Pimco TrPairCorr
  0.7SWAGX Schwab Aggregate BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Altegris Mutual Fund performing well and Altegris Futures 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 Altegris Futures' 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.