Ancora Income Correlations
| AAIIX Fund | USD 7.23 0.01 0.14% |
The current 90-days correlation between Ancora Income and Goldman Sachs Short is 0.06 (i.e., Significant diversification). The correlation of Ancora Income 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.
Ancora Income Correlation With Market
Average diversification
The correlation between Ancora Income Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ancora Income Fund and DJI in the same portfolio, assuming nothing else is changed.
ANCORA |
Moving together with ANCORA Mutual Fund
| 0.65 | CPXIX | Cohen Steers Prfrd | PairCorr |
| 0.67 | CPXAX | Cohen Steers Preferd | PairCorr |
| 0.66 | CPXCX | Cohen Steers Prefrd | PairCorr |
| 0.67 | CPRRX | Cohen Steers Preferred | PairCorr |
| 0.67 | CPXZX | Cohen Steers Preferred | PairCorr |
| 0.66 | CPXFX | Cohen Steers Preferred | PairCorr |
| 0.62 | PRFCX | Preferred Securities | PairCorr |
| 0.61 | PPSIX | Preferred Securities | PairCorr |
| 0.73 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.65 | RNHIX | Rivernorthoaktree High | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between ANCORA Mutual Fund performing well and Ancora Income 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 Ancora Income'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GANPX | 0.06 | 0.00 | 0.42 | 0.03 | 0.00 | 0.10 | 0.48 | |||
| GVPIX | 0.76 | 0.01 | 0.08 | 0.11 | 0.86 | 1.96 | 3.76 | |||
| BBINX | 0.13 | (0.01) | 0.24 | (0.26) | 0.17 | 0.29 | 0.78 | |||
| PATFX | 0.18 | (0.01) | 0.00 | (0.33) | 0.00 | 0.36 | 1.26 | |||
| HHMYX | 0.13 | 0.00 | 0.22 | (0.17) | 0.17 | 0.36 | 0.84 | |||
| RGVCX | 0.24 | 0.03 | 0.29 | 0.88 | 0.20 | 0.51 | 1.38 | |||
| HMKAX | 0.16 | (0.01) | 0.00 | (0.29) | 0.00 | 0.30 | 1.00 | |||
| TWACX | 0.09 | 0.01 | 0.56 | 1.76 | 0.00 | 0.22 | 0.45 |