Advisors Capital Correlations

ACUSX Fund

USD 12.72 0.10 0.79%

The current 90-days correlation between Advisors Capital Dividend and Advisors Capital Smallmid 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 Dividend and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Dividend 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 Dividend. 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 Advisors Mutual Fund

0.96	ACSMX	Advisors Capital Smallmid	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.91	VIIIX	Vanguard Institutional	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.81	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.87	WCPSX	Mobile Telecommunicatio	Pair Corr
0.89	MLUFX	Massmutual Select Mid	Pair Corr
0.69	RGGEX	American Funds Global	Pair Corr
0.91	VAADX	Virtus Convertible	Pair Corr
0.88	FLCNX	Fidelity Contrafund	Pair Corr
0.66	AMECX	Income Fund	Pair Corr
0.95	USPRX	Sp 500 Index	Pair Corr
0.63	GRFXX	Money Market Obligations	Pair Corr
0.89	DFMAX	Davidson Multi Cap	Pair Corr
0.9	FCNTX	Fidelity Contrafund	Pair Corr
0.87	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.9	AMGOX	Alger Mid Cap	Pair Corr

Moving against Advisors Mutual Fund

0.69	BTMPX	Ishares Msci Eafe	Pair Corr
0.69	BTMKX	Blackrock International	Pair Corr
0.69	MDIIX	Blackrock Intern Index	Pair Corr
0.51	ACTIX	Advisors Capital Tactical	Pair Corr
0.39	FMFFX	Fs Managed Futures	Pair Corr

Related Correlations Analysis

	ACSMX	ACTIX	ACUSX	JHEIX	HYMAX	TNHIX	PFN	PFLLX	CAGIX	FIUIX
ACSMX		-0.47	0.96	0.79	0.29	0.83	0.49	0.89	0.76	0.78	ACSMX
ACTIX	-0.47		-0.51	-0.39	0.48	-0.09	-0.27	-0.68	-0.01	-0.37	ACTIX
ACUSX	0.96	-0.51		0.74	0.27	0.78	0.56	0.87	0.72	0.79	ACUSX
JHEIX	0.79	-0.39	0.74		0.25	0.57	0.48	0.71	0.7	0.78	JHEIX
HYMAX	0.29	0.48	0.27	0.25		0.51	0.44	0.09	0.48	0.39	HYMAX
TNHIX	0.83	-0.09	0.78	0.57	0.51		0.51	0.7	0.85	0.64	TNHIX
PFN	0.49	-0.27	0.56	0.48	0.44	0.51		0.51	0.62	0.59	PFN
PFLLX	0.89	-0.68	0.87	0.71	0.09	0.7	0.51		0.61	0.66	PFLLX
CAGIX	0.76	-0.01	0.72	0.7	0.48	0.85	0.62	0.61		0.63	CAGIX
FIUIX	0.78	-0.37	0.79	0.78	0.39	0.64	0.59	0.66	0.63		FIUIX
	ACSMX	ACTIX	ACUSX	JHEIX	HYMAX	TNHIX	PFN	PFLLX	CAGIX	FIUIX

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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

ACUSX	+ 0.96	ACSMX
PFLLX	+ 0.89	ACSMX
PFLLX	+ 0.87	ACUSX
CAGIX	+ 0.85	TNHIX
TNHIX	+ 0.83	ACSMX
JHEIX	+ 0.79	ACSMX

High negative correlations

PFLLX	- 0.68	ACTIX
ACUSX	- 0.51	ACTIX
ACTIX	- 0.47	ACSMX
JHEIX	- 0.39	ACTIX
FIUIX	- 0.37	ACTIX
PFN	- 0.27	ACTIX

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
ACSMX	0.76	0.16	0.13	0.70	0.50	(0.92)	1.99	(1.13)	6.14
ACTIX	0.21	(0.04)	0.00	(0.64)	0.00	0.00	0.41	(0.42)	1.14
ACUSX	0.44	0.09	0.01	0.86	0.32	(0.52)	0.81	(0.73)	3.16
JHEIX	0.46	(0.03)	(0.13)	0.04	0.40	(0.58)	0.95	(0.75)	3.07
HYMAX	0.15	0.00	(0.25)	0.10	0.26	(0.19)	0.37	(0.36)	1.54
TNHIX	0.09	0.01	(0.43)	0.29	0.00	(0.16)	0.24	(0.23)	0.59
PFN	0.26	0.05	(0.08)	0.97	0.27	(0.34)	0.67	(0.54)	2.31
PFLLX	0.05	0.02	0.00	(3.81)	0.00	0.00	0.13	0.00	0.63
CAGIX	0.43	0.00	(0.08)	0.08	0.41	(0.49)	1.06	(0.79)	2.72
FIUIX	0.71	0.05	(0.02)	0.27	0.77	(0.74)	1.46	(1.54)	4.35

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