Focused Dynamic Correlations

ACFSX Fund

USD 63.43 0.60 0.95%

The current 90-days correlation between Focused Dynamic Growth and Gabelli Convertible And is -0.14 (i.e., Good diversification). The correlation of Focused Dynamic 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.

Focused Dynamic Correlation With Market

Good diversification

The correlation between Focused Dynamic Growth and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focused Dynamic Growth 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 Focused Dynamic Growth. 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 state.

Moving together with Focused Mutual Fund

0.64	AMEIX	Equity Growth	Pair Corr
0.61	AMGIX	Income Growth	Pair Corr
0.61	TWCCX	Ultra Fund C	Pair Corr
0.63	TWCAX	Select Fund A	Pair Corr
0.64	TWCIX	Select Fund Investor	Pair Corr
0.73	TWCUX	Ultra Fund Investor	Pair Corr
0.65	TWUAX	Ultra Fund A	Pair Corr

Moving against Focused Mutual Fund

0.75	CDBCX	Diversified Bond	Pair Corr
0.64	TWAVX	Short Term Government	Pair Corr
0.63	TWACX	Short Term Government	Pair Corr
0.58	TWARX	Short Term Government	Pair Corr
0.48	TWWOX	Intermediate Term Tax	Pair Corr
0.46	TWTIX	Intermediate Term Tax	Pair Corr
0.44	TWTCX	Intermediate Term Tax	Pair Corr
0.4	TWEAX	Equity Income	Pair Corr
0.4	TWEIX	Equity Income	Pair Corr
0.36	AMKIX	Emerging Markets	Pair Corr
0.35	TWMIX	Emerging Markets	Pair Corr
0.69	ANVLX	American Century Non	Pair Corr
0.54	APISX	Short Duration Inflation	Pair Corr
0.54	APOHX	Short Duration Inflation	Pair Corr
0.54	BCITX	California Intermediate-ter	Pair Corr
0.52	BCIAX	California Intermediate-ter	Pair Corr
0.51	BCHIX	California High Yield	Pair Corr
0.5	BCIYX	California Intermediate-ter	Pair Corr
0.48	BTTRX	Zero Pon 2025	Pair Corr
0.4	BCHYX	California High Yield	Pair Corr

Related Correlations Analysis

	GCV	MCINX	HNCVX	GACCX	WESRX
GCV		0.48	0.57	0.52	0.59	GCV
MCINX	0.48		0.9	-0.08	0.88	MCINX
HNCVX	0.57	0.9		-0.06	0.98	HNCVX
GACCX	0.52	-0.08	-0.06		-0.06	GACCX
WESRX	0.59	0.88	0.98	-0.06		WESRX
	GCV	MCINX	HNCVX	GACCX	WESRX

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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

WESRX	+ 0.98	HNCVX
HNCVX	+ 0.9	MCINX
WESRX	+ 0.88	MCINX
WESRX	+ 0.59	GCV
HNCVX	+ 0.57	GCV
GACCX	+ 0.52	GCV

High negative correlations

GACCX	- 0.08	MCINX
WESRX	- 0.06	GACCX
GACCX	- 0.06	HNCVX

Risk-Adjusted Indicators

There is a big difference between Focused Mutual Fund performing well and Focused Dynamic 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 Focused Dynamic'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
GCV	0.93	0.02	0.00	(0.03)	0.00	0.00	2.17	(2.14)	6.16
MCINX	0.49	(0.09)	0.00	(2.01)	0.00	0.00	0.82	(1.29)	2.27
HNCVX	0.62	(0.03)	0.00	(0.13)	0.00	0.00	1.06	(1.61)	3.34
GACCX	0.60	0.06	0.12	0.05	0.77	(0.61)	1.35	(1.50)	3.36
WESRX	0.65	(0.03)	0.00	(0.13)	0.00	0.00	1.36	(1.48)	3.47

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