Absolute Capital Correlations

AAMAX Fund

USD 11.97 0.05 0.42%

The current 90-days correlation between Absolute Capital Asset and Absolute Capital Asset is 1.0 (i.e., No risk reduction). The correlation of Absolute Capital 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.

Absolute Capital Correlation With Market

Almost no diversification

The correlation between Absolute Capital Asset and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Asset and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Capital Asset. 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 nation.

Moving together with Absolute Mutual Fund

1.0	AAMIX	Absolute Capital Asset	Pair Corr
1.0	AAMCX	Absolute Capital Asset	Pair Corr
0.98	ACMIX	Absolute Capital Defender	Pair Corr
0.98	ACMDX	Absolute Capital Defender	Pair Corr
0.98	ACMAX	Absolute Capital Defender	Pair Corr
0.98	ASG	Liberty All Star	Pair Corr
0.89	CII	Blackrock Enhanced	Pair Corr
0.93	ETV	Eaton Vance Tax	Pair Corr
0.92	CLM	Cornerstone Strategic	Pair Corr
0.91	CRF	Cornerstone Strategic	Pair Corr
0.9	USA	Liberty All Star	Pair Corr
0.94	ETY	Eaton Vance Tax	Pair Corr
0.66	NFJ	Virtus Dividend Interest	Pair Corr
0.83	EVBLX	Eaton Vance Floating	Pair Corr
0.93	FAGIX	Fidelity Capital Income	Pair Corr
0.74	BPTRX	Baron Partners	Pair Corr
0.98	AOFIX	Alger Small Cap	Pair Corr
0.92	NCZ	Allianzgi Convertible	Pair Corr
0.99	QCEQRX	College Retirement	Pair Corr
0.86	CSOIX	Credit Suisse Strategic	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.99	TEIHX	Tiaa Cref Equity	Pair Corr
0.97	ENGIX	Cboe Vest Sp	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.87	HSUTX	Rational Defensive Growth	Pair Corr
0.92	SBQIX	Americafirst Large Cap	Pair Corr

Moving against Absolute Mutual Fund

0.55

IFN

India Closed

Pair Corr

Related Correlations Analysis

	AAMIX	AAMCX	ACMIX	ACMDX	ACMAX
AAMIX		1.0	0.98	0.97	0.98	AAMIX
AAMCX	1.0		0.98	0.98	0.98	AAMCX
ACMIX	0.98	0.98		1.0	1.0	ACMIX
ACMDX	0.97	0.98	1.0		1.0	ACMDX
ACMAX	0.98	0.98	1.0	1.0		ACMAX
	AAMIX	AAMCX	ACMIX	ACMDX	ACMAX

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Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Capital 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 Absolute Capital'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
AAMIX	0.43	0.03	0.03	0.06	0.58	(0.46)	0.75	(0.73)	4.94
AAMCX	0.44	0.02	0.02	0.05	0.59	(0.46)	0.80	(0.73)	4.92
ACMIX	0.36	0.00	(0.01)	0.02	0.47	(0.40)	0.70	(0.61)	4.13
ACMDX	0.36	0.00	(0.02)	0.02	0.49	(0.38)	0.65	(0.65)	4.14
ACMAX	0.36	0.00	(0.02)	0.02	0.48	(0.39)	0.68	(0.61)	4.05

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