Api Multi Correlations

AFFCX Fund  USD 7.72  0.01  0.13%   
The current 90-days correlation between Api Multi Asset and Ashmore Emerging Markets is 0.28 (i.e., Modest diversification). The correlation of Api Multi 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.

Api Multi Correlation With Market

Good diversification

The correlation between Api Multi Asset Income and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Multi Asset Income 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 Api Multi Asset Income. 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 main economic indicators.

Moving together with Api Mutual Fund

  0.92APIBX Api Short TermPairCorr
  1.0APIUX Api Multi AssetPairCorr
  0.9APIMX Api Short TermPairCorr
  1.0APIIX Api Multi AssetPairCorr
  0.96AFFIX Api Multi AssetPairCorr
  0.92AFMMX Api Short TermPairCorr
  0.94PONAX Pimco IncomePairCorr
  0.95PONCX Pimco IncomePairCorr
  0.94PIPNX Pimco IncomePairCorr
  0.94PONRX Pimco IncomePairCorr
  0.94PONPX Pimco Incme FundPairCorr
  0.94PIINX Pimco IncomePairCorr
  0.94PIMIX Pimco IncomePairCorr
  0.83LBNDX Lord Abbett BondPairCorr
  0.77FSTAX Fidelity Advisor StrPairCorr
  0.77FSRIX Fidelity Advisor StrPairCorr
  0.97LIIAX Columbia Porate IncomePairCorr
  0.97SRINX Columbia Porate IncomePairCorr
  0.76AMFIX Aama Income FundPairCorr
  0.84SIDNX Hartford SchrodersPairCorr
  0.61LMAMX Legg Mason BwPairCorr
  0.84PAIGX T Rowe PricePairCorr
  0.82MMCFX Amg Managers EmergingPairCorr
  0.74JUCRX Janus Global UnconstPairCorr
  0.86LIDAX Lord Abbett InternationalPairCorr
  0.89URITX International FundPairCorr
  0.8CDSIX Calvert Short DurationPairCorr

Moving against Api Mutual Fund

  0.4AFGGX Api Growth FundPairCorr
  0.34APGRX Api Growth FundPairCorr
  0.34APITX Api Growth FundPairCorr

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   
PRELXELBIX
QCMMIXSWGXX
QCMMIXELBIX
PRELXQCMMIX
SWGXXELBIX
PRELXSWGXX
  
High negative correlations   
TIEXXPBMXX
TIEXXPRELX
PBMXXPRELX
TIEXXQCMMIX
PBMXXQCMMIX
TIEXXJRVXX

Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Multi 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 Api Multi'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.