| ACMDX Fund | | | USD 10.74 0.01 0.09% |
The current 90-days correlation between Absolute Capital Defender and Absolute Capital Asset is 0.15 (i.e., Average diversification). 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
Average diversification
The correlation between Absolute Capital Defender and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Defender and DJI in the same portfolio, assuming nothing else is changed.
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