Akre Focus Correlations

AKRIX Fund

USD 75.10 0.05 0.07%

The current 90-days correlation between Akre Focus Fund and Akre Focus Fund is 1.0 (i.e., No risk reduction). The correlation of Akre Focus 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.

Akre Focus Correlation With Market

Very poor diversification

The correlation between Akre Focus Fund and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akre Focus 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 Akre Focus 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 Akre Mutual Fund

1.0	AKRSX	Akre Focus Fund	Pair Corr
1.0	AKREX	Akre Focus Fund	Pair Corr
0.81	FAFGX	American Funds	Pair Corr
0.81	FFAFX	American Funds	Pair Corr
0.81	GFACX	Growth Fund	Pair Corr
0.81	GFAFX	Growth Fund	Pair Corr
0.81	AGTHX	Growth Fund	Pair Corr
0.81	CGFFX	Growth Fund	Pair Corr
0.81	CGFCX	Growth Fund	Pair Corr
0.81	CGFAX	Growth Fund	Pair Corr
0.81	CGFEX	Growth Fund	Pair Corr
0.81	RGAEX	Growth Fund	Pair Corr
0.87	SJCRX	Steward Large Cap	Pair Corr
0.89	SSCCX	Small Capitalization	Pair Corr
0.82	FMILX	Fidelity New Millennium	Pair Corr
0.92	WWLAX	Westwood Largecap Value	Pair Corr
0.88	NDMSX	Nationwide Investor	Pair Corr
0.86	FCLCX	Fidelity Advisor Ind	Pair Corr
0.72	QAISX	Q3 All Weather	Pair Corr
0.84	USA	Liberty All Star	Pair Corr
0.89	DFMAX	Davidson Multi Cap	Pair Corr
0.64	SADIX	Wells Fargo Ultra	Pair Corr
0.73	AMHYX	Invesco High Yield	Pair Corr
0.89	GMXIX	Nationwide Mid Cap	Pair Corr
0.94	FTAGX	Salient Tactical Growth	Pair Corr
0.66	APDOX	Artisan Emerging Markets	Pair Corr
0.92	HNSGX	Harbor Small Cap	Pair Corr
0.82	FSLBX	Brokerage And Investment	Pair Corr
0.66	PGTAX	Putnam Global Technology	Pair Corr
0.88	GSCYX	Small Cap Equity	Pair Corr
0.75	TUHYX	T Rowe Price	Pair Corr
0.75	FGILX	Fidelity Global Equity	Pair Corr
0.85	AXVIX	Acclivity Small Cap	Pair Corr

Moving against Akre Mutual Fund

0.44	PFHCX	Pacific Funds Small	Pair Corr
0.37	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	AKRSX	AKREX	TRAIX	ADAIX	POLIX
AKRSX		1.0	0.86	-0.36	0.87	AKRSX
AKREX	1.0		0.86	-0.35	0.86	AKREX
TRAIX	0.86	0.86		-0.22	0.89	TRAIX
ADAIX	-0.36	-0.35	-0.22		-0.51	ADAIX
POLIX	0.87	0.86	0.89	-0.51		POLIX
	AKRSX	AKREX	TRAIX	ADAIX	POLIX

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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

AKREX	+ 1.0	AKRSX
POLIX	+ 0.89	TRAIX
POLIX	+ 0.87	AKRSX
TRAIX	+ 0.86	AKRSX
TRAIX	+ 0.86	AKREX
POLIX	+ 0.86	AKREX

High negative correlations

POLIX	- 0.51	ADAIX
ADAIX	- 0.36	AKRSX
ADAIX	- 0.35	AKREX
ADAIX	- 0.22	TRAIX

Risk-Adjusted Indicators

There is a big difference between Akre Mutual Fund performing well and Akre Focus 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 Akre Focus' 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
AKRSX	0.57	0.02	(0.01)	0.15	0.57	(0.58)	1.30	(0.99)	3.14
AKREX	0.57	0.02	(0.01)	0.15	0.58	(0.60)	1.31	(1.00)	3.14
TRAIX	0.35	0.00	(0.13)	0.12	0.42	(0.36)	0.59	(0.94)	2.50
ADAIX	0.11	(0.03)	0.00	(0.27)	0.00	0.00	0.16	(0.24)	0.74
POLIX	0.65	0.05	0.02	0.19	0.65	(0.71)	1.29	(1.38)	4.47

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