Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Tactical
ACTIX Fund  USD 9.64  0.04  0.41%   
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 Tactical and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Tactical 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 Tactical. 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 gross domestic product.

Moving together with Advisors Mutual Fund

  0.96PONAX Pimco IncomePairCorr
  0.97PONCX Pimco IncomePairCorr
  0.95PIINX Pimco IncomePairCorr
  0.91PIMIX Pimco IncomePairCorr
  0.82GPMFX Guidepath Managed FuturesPairCorr

Moving against Advisors Mutual Fund

  0.69LGRYX Lord Abbett InvestmentPairCorr
  0.66AIWEX World EnergyPairCorr
  0.63AVEMX Ave Maria ValuePairCorr
  0.56BGSAX Blackrock SciencePairCorr
  0.5LMUSX Qs Large CapPairCorr
  0.49ACUSX Advisors Capital DividendPairCorr
  0.49MIEZX Mm Sp 500PairCorr
  0.49VFIAX Vanguard 500 IndexPairCorr
  0.48ACSMX Advisors Capital SmallmidPairCorr
  0.46USA Liberty All StarPairCorr
  0.38HNMVX Harbor Mid CapPairCorr
  0.36AMPCX Amcap Fund ClassPairCorr
  0.35ANOIX Small Cap GrowthPairCorr
  0.33VFFSX Vanguard 500 IndexPairCorr
  0.7RSFYX Victory Floating RatePairCorr
  0.57MUAIX Ultra Short IncomePairCorr
  0.56FCNTX Fidelity ContrafundPairCorr
  0.56PRGTX T Rowe PricePairCorr
  0.52GCEQX Green Century EquityPairCorr
  0.52FSELX Fidelity Select SemiPairCorr
  0.5JGRJX Jpmorgan Growth AdvantagePairCorr
  0.49VTSMX Vanguard Total StockPairCorr
  0.49BRLVX American Beacon BridgewayPairCorr
  0.49VFINX Vanguard 500 IndexPairCorr
  0.48VIGIX Vanguard Growth IndexPairCorr

Related Correlations Analysis

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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   
ASQIX
+ 0.93
BEQGX
ALVIX
+ 0.84
ASQIX
ALVIX
+ 0.76
BEQGX
TWGGX
+ 0.44
BEQGX
ASQIX
+ 0.43
TWGGX
ALVIX
+ 0.28
TWGGX
  
High negative correlations   
ASQIX
- 0.48
TWMIX
ALVIX
- 0.46
TWMIX
BEQGX
- 0.45
TWMIX

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.

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