Nexpoint Real Correlations

NRSCX Fund

USD 16.46 0.01 0.06%

The current 90-days correlation between Nexpoint Real Estate and Sarofim Equity is 0.08 (i.e., Significant diversification). The correlation of Nexpoint Real 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.

Nexpoint Real Correlation With Market

Significant diversification

The correlation between Nexpoint Real Estate and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nexpoint Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexpoint Real Estate. 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 main economic indicators.

Moving together with Nexpoint Mutual Fund

0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.82	KO	Coca Cola Aggressive Push	Pair Corr
0.71	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Nexpoint Mutual Fund

0.55	VTSAX	Vanguard Total Stock	Pair Corr
0.55	VFIAX	Vanguard 500 Index	Pair Corr
0.55	VTSMX	Vanguard Total Stock	Pair Corr
0.55	VITSX	Vanguard Total Stock	Pair Corr
0.55	VSTSX	Vanguard Total Stock	Pair Corr
0.55	VSMPX	Vanguard Total Stock	Pair Corr
0.55	VFINX	Vanguard 500 Index	Pair Corr
0.55	VFFSX	Vanguard 500 Index	Pair Corr
0.55	MEGIX	Msvif Growth Port	Pair Corr
0.55	ELFNX	Elfun Trusts Elfun	Pair Corr
0.53	BSDAX	Blackrock Smid Cap	Pair Corr
0.41	CGSAX	Columbia Growth 529	Pair Corr
0.36	BIGBX	Blackrock Government Bond	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.54	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.47	DIS	Walt Disney	Pair Corr
0.41	WMT	Walmart	Pair Corr

Related Correlations Analysis

	SRFMX	CGEOX	MFIRX	GMADX	LOGRX	DODFX	APDNX
SRFMX		0.83	0.41	0.13	0.78	-0.47	0.82	SRFMX
CGEOX	0.83		0.42	0.38	0.76	-0.23	0.86	CGEOX
MFIRX	0.41	0.42		0.52	0.24	0.12	0.35	MFIRX
GMADX	0.13	0.38	0.52		0.09	0.69	0.23	GMADX
LOGRX	0.78	0.76	0.24	0.09		-0.49	0.92	LOGRX
DODFX	-0.47	-0.23	0.12	0.69	-0.49		-0.39	DODFX
APDNX	0.82	0.86	0.35	0.23	0.92	-0.39		APDNX
	SRFMX	CGEOX	MFIRX	GMADX	LOGRX	DODFX	APDNX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APDNX	+ 0.92	LOGRX
APDNX	+ 0.86	CGEOX
CGEOX	+ 0.83	SRFMX
APDNX	+ 0.82	SRFMX
LOGRX	+ 0.78	SRFMX
LOGRX	+ 0.76	CGEOX

High negative correlations

DODFX	- 0.49	LOGRX
DODFX	- 0.47	SRFMX
APDNX	- 0.39	DODFX
DODFX	- 0.23	CGEOX

Risk-Adjusted Indicators

There is a big difference between Nexpoint Mutual Fund performing well and Nexpoint Real 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 Nexpoint Real'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
SRFMX	0.46	(0.01)	(0.07)	0.08	0.55	(0.52)	0.91	(1.08)	3.50
CGEOX	0.61	0.14	0.07	1.51	0.51	(0.72)	1.45	(1.25)	4.11
MFIRX	0.09	0.00	(0.44)	0.05	0.00	(0.22)	0.19	(0.19)	0.76
GMADX	0.47	0.04	(0.09)	0.45	0.51	(0.51)	0.89	(0.97)	2.98
LOGRX	0.46	0.03	(0.14)	0.43	0.39	(0.53)	0.86	(0.74)	3.02
DODFX	0.59	(0.03)	(0.12)	0.01	0.75	(0.62)	1.18	(1.15)	4.42
APDNX	0.51	0.09	(0.02)	4.14	0.36	(0.66)	1.24	(0.83)	3.60

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