Archer Dividend Correlations

Mutual Funds . USA . 
Fund . Archer Dividend Growth
ARDGX Fund  USD 27.23  0.13  0.48%   
The current 90-days correlation between Archer Dividend Growth and Lkcm Small Cap is 0.16 (i.e., Average diversification). The correlation of Archer Dividend 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.

Archer Dividend Correlation With Market

Very weak diversification

The correlation between Archer Dividend Growth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Dividend Growth 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 Archer Dividend Growth. 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 price.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Archer Mutual Fund performing well and Archer Dividend 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 Archer Dividend'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.

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