Asg Managed Correlations

ASFCX Fund

USD 7.55 0.05 0.66%

The current 90-days correlation between Asg Managed Futures and T Rowe Price is -0.24 (i.e., Very good diversification). The correlation of Asg Managed 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.

Asg Managed Correlation With Market

Average diversification

The correlation between Asg Managed Futures and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures 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 Asg Managed Futures. 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 main economic indicators.

Moving together with Asg Mutual Fund

1.0	AMFAX	Asg Managed Futures	Pair Corr
1.0	AMFNX	Asg Managed Futures	Pair Corr
0.74	GCPAX	Gateway Equity Call	Pair Corr
0.75	GCPCX	Gateway Equity Call	Pair Corr
0.73	GCPNX	Gateway Equity Call	Pair Corr
0.73	GCPYX	Gateway Equity Call	Pair Corr
0.76	LGRCX	Loomis Sayles Growth	Pair Corr
0.78	LGRNX	Loomis Sayles Growth	Pair Corr
0.77	LGRRX	Loomis Sayles Growth	Pair Corr
0.82	VNSYX	Vaughan Nelson Select	Pair Corr
0.83	VNSCX	Vaughan Nelson Select	Pair Corr
0.83	VNSAX	Vaughan Nelson Select	Pair Corr
0.82	VNSNX	Vaughan Nelson Select	Pair Corr
0.64	VNVCX	Vaughan Nelson Value	Pair Corr
0.66	VNVAX	Vaughan Nelson Value	Pair Corr
0.66	VNVNX	Vaughan Nelson Value	Pair Corr
0.66	VNVYX	Vaughan Nelson Value	Pair Corr

Moving against Asg Mutual Fund

0.88	LGANX	Loomis Sayles Limited	Pair Corr
0.82	LGBNX	Loomis Sayles Investment	Pair Corr
0.81	LGBCX	Loomis Sayles Investment	Pair Corr
0.78	NOIAX	Natixis Oakmark Inte	Pair Corr
0.78	NOICX	Natixis Oakmark Inte	Pair Corr
0.78	NOIYX	Natixis Oakmark Intl	Pair Corr
0.81	LIGAX	Loomis Sayles Investment	Pair Corr
0.81	LIGRX	Loomis Sayles Investment	Pair Corr

Related Correlations Analysis

	TFHAX	HYSZX	MZHIX	QLMYIX	SGYAX	NMHYX
TFHAX		0.94	0.89	0.91	0.89	0.87	TFHAX
HYSZX	0.94		0.96	0.97	0.97	0.94	HYSZX
MZHIX	0.89	0.96		0.98	0.97	0.99	MZHIX
QLMYIX	0.91	0.97	0.98		0.94	0.97	QLMYIX
SGYAX	0.89	0.97	0.97	0.94		0.96	SGYAX
NMHYX	0.87	0.94	0.99	0.97	0.96		NMHYX
	TFHAX	HYSZX	MZHIX	QLMYIX	SGYAX	NMHYX

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Risk-Adjusted Indicators

There is a big difference between Asg Mutual Fund performing well and Asg Managed 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 Asg Managed'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
TFHAX	0.11	0.00	0.26	(0.23)	0.14	(0.15)	0.21	(0.21)	0.82
HYSZX	0.13	0.02	0.38	0.12	0.00	(0.22)	0.48	(0.24)	1.08
MZHIX	0.13	0.01	0.32	0.07	0.09	(0.17)	0.25	(0.25)	0.89
QLMYIX	0.13	0.02	0.31	0.15	0.00	(0.21)	0.33	(0.33)	0.99
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
NMHYX	0.12	0.01	0.32	0.05	0.09	(0.16)	0.24	(0.24)	0.95

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