Americafirst Tactical Correlations

Mutual Funds . USA . 
Fund . Americafirst Tactical Alpha
ABRFX Fund  USD 15.27  0.03  0.20%   
The current 90-days correlation between Americafirst Tactical and The Hartford Inflation is 0.07 (i.e., Significant diversification). The correlation of Americafirst Tactical 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.

Americafirst Tactical Correlation With Market

Good diversification

The correlation between Americafirst Tactical Alpha and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Tactical Alpha 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 Americafirst Tactical Alpha. 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 census.

Moving together with Americafirst Mutual Fund

  0.79SBQAX Americafirst Large CapPairCorr
  0.67SBQIX Americafirst Large CapPairCorr
  0.67SBQUX Americafirst Large CapPairCorr
  0.81ABRUX Americafirst MonthlyPairCorr
  0.81ABRWX Americafirst TacticalPairCorr
  0.66AFPIX Americafirst IncomePairCorr
  0.73AFPAX Americafirst IncomePairCorr
  0.73AFPUX Americafirst IncomePairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.7VSTSX Vanguard Total StockPairCorr
  0.7VITSX Vanguard Total StockPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr

Moving against Americafirst Mutual Fund

  0.65DGQUX Americafirst DefensivePairCorr
  0.65DGQAX Americafirst DefensivePairCorr
  0.64DGQIX Americafirst DefensivePairCorr
  0.59PAUPX Pimco All AssetPairCorr
  0.59PAUIX Pimco All AssetPairCorr
  0.52PAALX All Asset FundPairCorr
  0.52PALPX Pimco All AssetPairCorr
  0.52PAANX Pimco All AssetPairCorr
  0.51PATRX Pimco All AssetPairCorr
  0.51PAAIX All Asset FundPairCorr
  0.51PASCX All Asset FundPairCorr
  0.5PASAX All Asset FundPairCorr
  0.67TGROX Tiaa Cref GreenPairCorr
  0.63WAFSX Western Asset InflationPairCorr
  0.54TIISX Tiaa Cref IntlPairCorr
  0.51TRGZX T Rowe PricePairCorr
  0.5VGTSX Vanguard Total InterPairCorr
  0.5VTIAX Vanguard Total InterPairCorr
  0.49MHOIX Mfs Global HighPairCorr
  0.45TDMTX Templeton DevelopingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Tactical 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 Americafirst Tactical'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.

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