Aperture International Correlations
| AFOEXDelisted Fund | USD 10.41 0.00 0.00% |
The correlation of Aperture International 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.
Aperture International Correlation With Market
Good diversification
The correlation between Aperture International Equity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aperture International Equity and DJI in the same portfolio, assuming nothing else is changed.
Aperture |
Moving against Aperture Mutual Fund
| 0.64 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.57 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.56 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.36 | GSWPX | Goldman Sachs Smallmid | PairCorr |
| 0.6 | PG | Procter Gamble | PairCorr |
| 0.53 | AA | Alcoa Corp Potential Growth | PairCorr |
| 0.41 | INTC | Intel Aggressive Push | PairCorr |
| 0.37 | LTMIX | Thornburg Limited Term | PairCorr |
| 0.34 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.33 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MCBXX | ||
| 0.0 | 1.0 | 0.91 | 0.7 | 0.95 | RPFGX | ||
| 0.0 | 1.0 | 0.9 | 0.7 | 0.96 | DVFYX | ||
| 0.0 | 0.91 | 0.9 | 0.8 | 0.86 | PRISX | ||
| 0.0 | 0.7 | 0.7 | 0.8 | 0.71 | PGFMX | ||
| 0.0 | 0.95 | 0.96 | 0.86 | 0.71 | FIKBX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aperture Mutual Fund performing well and Aperture International 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 Aperture International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCBXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RPFGX | 0.79 | 0.04 | 0.02 | 0.13 | 0.96 | 1.34 | 9.41 | |||
| DVFYX | 0.79 | 0.04 | 0.02 | 0.13 | 0.96 | 1.35 | 9.40 | |||
| PRISX | 0.86 | (0.02) | (0.03) | (0.01) | 1.47 | 1.50 | 13.34 | |||
| PGFMX | 0.38 | (0.02) | 0.00 | (0.37) | 0.00 | 0.86 | 3.70 | |||
| FIKBX | 0.83 | 0.05 | 0.02 | 0.16 | 1.03 | 1.66 | 11.21 |
Aperture International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aperture International mutual fund to make a market-neutral strategy. Peer analysis of Aperture International could also be used in its relative valuation, which is a method of valuing Aperture International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Aperture International Equity?
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