Americafirst Income Correlations

AFPIX Fund

USD 4.58 0.02 0.43%

The current 90-days correlation between Americafirst Income and Artisan High Income is -0.04 (i.e., Good diversification). The correlation of Americafirst Income 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.

Americafirst Income Correlation With Market

Poor diversification

The correlation between Americafirst Income Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Income Fund 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 Americafirst Income Fund. 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 Americafirst Mutual Fund

0.82	SBQAX	Americafirst Large Cap	Pair Corr
0.93	SBQIX	Americafirst Large Cap	Pair Corr
0.93	SBQUX	Americafirst Large Cap	Pair Corr
0.75	ABRUX	Americafirst Monthly	Pair Corr
0.75	ABRWX	Americafirst Tactical	Pair Corr
0.68	ABRFX	Americafirst Tactical	Pair Corr
1.0	AFPAX	Americafirst Income	Pair Corr
1.0	AFPUX	Americafirst Income	Pair Corr
0.83	ASG	Liberty All Star	Pair Corr
0.92	CII	Blackrock Enhanced	Pair Corr
0.89	ETV	Eaton Vance Tax	Pair Corr
0.84	CLM	Cornerstone Strategic	Pair Corr
0.82	CRF	Cornerstone Strategic	Pair Corr
0.93	USA	Liberty All Star	Pair Corr
0.82	ETY	Eaton Vance Tax	Pair Corr
0.89	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Americafirst Mutual Fund

0.59	DGQIX	Americafirst Defensive	Pair Corr
0.59	DGQAX	Americafirst Defensive	Pair Corr
0.52	DGQUX	Americafirst Defensive	Pair Corr
0.56	USGDX	Morgan Stanley Government	Pair Corr
0.49	GIOIX	Guggenheim Macro Opp	Pair Corr
0.48	BISMX	Brandes International	Pair Corr
0.47	SAEMX	Sa Emerging Markets	Pair Corr
0.47	HRBDX	Harbor Bond Fund	Pair Corr
0.43	VICSX	Vanguard Intermediate-ter	Pair Corr
0.42	ABNOX	Ab Bond Inflation	Pair Corr
0.4	ARBOX	Absolute Convertible	Pair Corr

Related Correlations Analysis

	ARTFX	CBOEX	TTRBX	GANPX	FLQTVX	SGYAX	DLTNX
ARTFX		0.75	0.82	0.91	0.8	0.94	0.74	ARTFX
CBOEX	0.75		0.98	0.9	0.97	0.77	0.99	CBOEX
TTRBX	0.82	0.98		0.93	0.98	0.84	0.98	TTRBX
GANPX	0.91	0.9	0.93		0.89	0.87	0.89	GANPX
FLQTVX	0.8	0.97	0.98	0.89		0.82	0.98	FLQTVX
SGYAX	0.94	0.77	0.84	0.87	0.82		0.75	SGYAX
DLTNX	0.74	0.99	0.98	0.89	0.98	0.75		DLTNX
	ARTFX	CBOEX	TTRBX	GANPX	FLQTVX	SGYAX	DLTNX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Income 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 Americafirst Income'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
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89
CBOEX	0.17	0.02	0.07	1.12	0.10	(0.20)	0.33	(0.32)	0.98
TTRBX	0.16	0.01	0.03	0.64	0.10	(0.19)	0.40	(0.30)	0.82
GANPX	0.06	0.00	(0.03)	0.06	0.00	(0.12)	0.10	(0.10)	0.48
FLQTVX	0.12	0.00	0.01	0.75	0.07	(0.13)	0.24	(0.22)	0.77
SGYAX	0.16	0.02	0.05	0.15	0.05	(0.26)	0.56	(0.28)	1.57
DLTNX	0.23	0.02	0.06	0.85	0.16	(0.31)	0.57	(0.34)	1.40

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