Advisors Capital Correlations

ACSMX Fund

USD 11.42 0.01 0.09%

The current 90-days correlation between Advisors Capital Smallmid and Advisors Capital Dividend is 0.82 (i.e., Very poor diversification). The correlation of Advisors 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.

Advisors Capital Correlation With Market

Average diversification

The correlation between Advisors Capital Smallmid and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Smallmid 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 Advisors Capital Smallmid. 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 population.

Moving together with Advisors Mutual Fund

0.96	ACUSX	Advisors Capital Dividend	Pair Corr
0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.94	VSGIX	Vanguard Small Cap	Pair Corr
0.94	VISGX	Vanguard Small Cap	Pair Corr
0.91	VEXPX	Vanguard Explorer	Pair Corr
0.91	VEXRX	Vanguard Explorer	Pair Corr
0.63	COGVX	Cognios Large Cap	Pair Corr
0.89	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.89	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.89	HNMVX	Harbor Mid Cap	Pair Corr
0.87	AIWEX	World Energy	Pair Corr
0.74	RRTNX	T Rowe Price	Pair Corr
0.92	JGRJX	Jpmorgan Growth Advantage	Pair Corr
0.95	ANOIX	Small Cap Growth	Pair Corr
0.89	BRLVX	American Beacon Bridgeway	Pair Corr
0.89	HUSEX	Huber Capital Small	Pair Corr
0.68	MAMPX	Mfs Series Trust	Pair Corr
0.91	AVEMX	Ave Maria Value	Pair Corr
0.65	ROGSX	Red Oak Technology	Pair Corr
0.87	AMPCX	Amcap Fund Class	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.86	MUAIX	Ultra Short Income	Pair Corr

Moving against Advisors Mutual Fund

0.72	BTMPX	Ishares Msci Eafe	Pair Corr
0.72	MDIIX	Blackrock Intern Index	Pair Corr
0.71	BTMKX	Blackrock International	Pair Corr
0.47	ACTIX	Advisors Capital Tactical	Pair Corr

Related Correlations Analysis

	ACUSX	ACSIX	ASFCX	ASHIX	ACTIX
ACUSX		0.89	-0.39	0.81	-0.51	ACUSX
ACSIX	0.89		-0.39	0.74	-0.42	ACSIX
ASFCX	-0.39	-0.39		-0.23	0.82	ASFCX
ASHIX	0.81	0.74	-0.23		-0.37	ASHIX
ACTIX	-0.51	-0.42	0.82	-0.37		ACTIX
	ACUSX	ACSIX	ASFCX	ASHIX	ACTIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ACSIX	+ 0.89	ACUSX
ACTIX	+ 0.82	ASFCX
ASHIX	+ 0.81	ACUSX
ASHIX	+ 0.74	ACSIX

High negative correlations

ACTIX	- 0.51	ACUSX
ACTIX	- 0.42	ACSIX
ASFCX	- 0.39	ACSIX
ASFCX	- 0.39	ACUSX
ACTIX	- 0.37	ASHIX
ASHIX	- 0.23	ASFCX

Risk-Adjusted Indicators

There is a big difference between Advisors Mutual Fund performing well and Advisors 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 Advisors 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
ACUSX	0.44	0.09	0.01	0.86	0.32	(0.52)	0.81	(0.73)	3.16
ACSIX	0.13	0.04	(0.19)	0.75	0.00	(0.18)	0.27	(0.17)	0.89
ASFCX	0.42	(0.03)	0.00	(0.46)	0.00	0.00	0.75	(1.01)	2.41
ASHIX	0.09	0.01	(0.44)	1.13	0.00	(0.12)	0.22	(0.15)	0.88
ACTIX	0.21	(0.04)	0.00	(0.64)	0.00	0.00	0.41	(0.42)	1.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC