Applied Finance Correlations

AFVZX Fund

USD 21.31 0.06 0.28%

The current 90-days correlation between Applied Finance Select and Cohen Steers Real is 0.71 (i.e., Poor diversification). The correlation of Applied Finance 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.

Applied Finance Correlation With Market

Poor diversification

The correlation between Applied Finance Select and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Finance Select 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 Applied Finance Select. 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 nation.

Moving together with Applied Mutual Fund

0.97	AFALX	Applied Finance Core	Pair Corr
0.97	AFAZX	Applied Finance Core	Pair Corr
0.81	AFDVX	Applied Finance Explorer	Pair Corr
0.81	AFDZX	Applied Finance Explorer	Pair Corr
1.0	AFVLX	Applied Finance Select	Pair Corr
0.81	VVIAX	Vanguard Value Index	Pair Corr
0.69	DOXGX	Dodge Cox Stock	Pair Corr
0.83	AFMFX	American Mutual	Pair Corr
0.82	FFMMX	American Funds American	Pair Corr
0.82	FFFMX	American Funds American	Pair Corr
0.83	AMRMX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.78	DODGX	Dodge Stock Fund	Pair Corr
0.81	VIVAX	Vanguard Value Index	Pair Corr

Moving against Applied Mutual Fund

0.48	COSRX	Columbia Overseas	Pair Corr
0.58	MCSVX	Mainstay Vertible	Pair Corr

Related Correlations Analysis

	CREFX	SEIRX	FIKMX	MRESX	SAREX	DFREX
CREFX		0.95	0.88	0.98	0.98	0.99	CREFX
SEIRX	0.95		0.72	0.98	0.98	0.97	SEIRX
FIKMX	0.88	0.72		0.81	0.81	0.84	FIKMX
MRESX	0.98	0.98	0.81		1.0	1.0	MRESX
SAREX	0.98	0.98	0.81	1.0		1.0	SAREX
DFREX	0.99	0.97	0.84	1.0	1.0		DFREX
	CREFX	SEIRX	FIKMX	MRESX	SAREX	DFREX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Applied Mutual Fund performing well and Applied Finance 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 Applied Finance'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
CREFX	0.91	0.01	0.00	(0.05)	0.00	0.00	1.59	(1.75)	4.82
SEIRX	0.94	(0.04)	0.00	(0.12)	0.00	0.00	1.69	(2.42)	4.42
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36
MRESX	0.91	(0.01)	0.00	(0.09)	0.00	0.00	1.67	(1.75)	4.48
SAREX	0.92	(0.02)	0.00	(0.10)	0.00	0.00	1.64	(1.86)	4.54
DFREX	0.90	(0.01)	0.00	(0.08)	0.00	0.00	1.65	(1.87)	4.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC