Astoncrosswind Small Correlations

ACWDX Fund

USD 16.33 0.07 0.43%

The current 90-days correlation between Astoncrosswind Small Cap and Baron Real Estate is 0.85 (i.e., Very poor diversification). The correlation of Astoncrosswind Small 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.

Astoncrosswind Small Correlation With Market

Poor diversification

The correlation between Astoncrosswind Small Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astoncrosswind Small Cap 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 Astoncrosswind Small Cap. 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 unemployment.

Moving together with Astoncrosswind Mutual Fund

0.91	SSEIX	Amg Southernsun Equity	Pair Corr
0.91	SSEFX	Amg Southernsun Equity	Pair Corr
0.9	SSSFX	Amg Southernsun Small	Pair Corr
0.91	SSSIX	Amg Southernsun Small	Pair Corr
0.9	BRWIX	Amg Managers Brandywine	Pair Corr
0.98	GWEIX	Amg Gwk Small	Pair Corr
0.98	GWETX	Amg Gwk Small	Pair Corr
0.98	GWEZX	Amg Gwk Small	Pair Corr
1.0	GWGIX	Amg Gwk Smallmid	Pair Corr
1.0	GWGVX	Amg Gwk Smallmid	Pair Corr
1.0	GWGZX	Amg Gwk Smallmid	Pair Corr
0.84	CHTTX	Amg Managers Fairpointe	Pair Corr
0.95	ARIMX	Amg River Road	Pair Corr
0.91	ARSMX	Amg River Road	Pair Corr
0.94	ARSIX	Amg River Road	Pair Corr
0.95	ARSZX	Amg River Road	Pair Corr
0.94	ARSVX	Amg River Road	Pair Corr
0.97	ARZMX	Amg River Road	Pair Corr
0.83	ABIZX	Amg Managers Fairpointe	Pair Corr
0.83	ABMIX	Amg Managers Fairpointe	Pair Corr
0.98	MRLIX	Amg Renaissance Large	Pair Corr
0.98	MRLSX	Amg Renaissance Large	Pair Corr
0.98	MRLTX	Amg Renaissance Large	Pair Corr
0.89	TMDIX	Amg Timessquare Mid	Pair Corr
0.96	ACWZX	Aamg Funds Iv	Pair Corr

Moving against Astoncrosswind Mutual Fund

0.69

MMCFX

Amg Managers Emerging

Pair Corr

Related Correlations Analysis

	BREFX	ETGLX	BUFOX	GTLLX	SMVLX
BREFX		0.91	0.85	0.94	0.86	BREFX
ETGLX	0.91		0.92	0.95	0.87	ETGLX
BUFOX	0.85	0.92		0.9	0.89	BUFOX
GTLLX	0.94	0.95	0.9		0.91	GTLLX
SMVLX	0.86	0.87	0.89	0.91		SMVLX
	BREFX	ETGLX	BUFOX	GTLLX	SMVLX

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Risk-Adjusted Indicators

There is a big difference between Astoncrosswind Mutual Fund performing well and Astoncrosswind Small 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 Astoncrosswind Small'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BREFX	1.02	(0.12)	(0.11)	1.68	(2.72)	4.86
ETGLX	1.20	(0.10)	0.68	2.16	(2.95)	6.30
BUFOX	0.84	(0.16)	1.44	1.69	(2.12)	4.10
GTLLX	1.06	(0.08)	(0.07)	1.63	(2.61)	4.98
SMVLX	0.80	(0.07)	(0.07)	1.42	(1.85)	3.48

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