Akre Focus Correlations
| AKRSX Fund | USD 68.70 0.14 0.20% |
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
Poor diversification
The correlation between Akre Focus Fund and DJI is 0.74 (i.e., 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.
Akre |
Moving together with Akre Mutual Fund
| 1.0 | AKRIX | Akre Focus Fund | PairCorr |
| 1.0 | AKREX | Akre Focus Fund | PairCorr |
| 0.66 | AGTHX | Growth Fund | PairCorr |
| 0.67 | WARCX | Wells Fargo Advantage | PairCorr |
| 0.73 | BKMIX | Blackrock Multi Asset | PairCorr |
| 0.65 | RBBCX | Columbia Income Builder | PairCorr |
| 0.68 | SHYAX | Simt High Yield | PairCorr |
Moving against Akre Mutual Fund
| 0.46 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.57 | RYARX | Inverse Sp 500 | PairCorr |
| 0.46 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.46 | PQTIX | Aa Pimco Tr | PairCorr |
Related Correlations Analysis
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