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Alpha vs. Correlation/Dispersion

The top three charts on the left display Alpha over time for a Fund, Fund Index A (IDX A) and Fund Index B (IDX B), respectively. At the bottom is the correlation and dispersion plotted over the same time period. On the right, a scatter plot shows the average Alpha for the three candidates in given market conditions (high/low correlation in combination with high/low dispersion). In the bottom right are the details of the currently focused data point.



To focus on a data point, either in the bar charts or the scatter plot, mouse over the data point - the other charts will highlight the corresponding point and the detail section will update with the corresponding numbers. Note: Numbers were modified for anonymity, but the trends remain the same.

Interactive graphic by Tyler Wolf 20002002200420062008201020122014Correlation/Dispersion0Fund Alpha0IDX B Alpha0IDX A Alpha0510152025303540Correlation ->101520253035Dispersion ->FundIDX BIDX ACorrelationDispersionDate------