Anchor Tactical Correlations

ATESX Fund

USD 13.92 0.05 0.36%

The current 90-days correlation between Anchor Tactical Equity and Anchor Tactical Credit is 0.54 (i.e., Very weak diversification). The correlation of Anchor Tactical 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.

Anchor Tactical Correlation With Market

Modest diversification

The correlation between Anchor Tactical Equity and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anchor Tactical Equity 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 Anchor Tactical Equity. 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 state.

Moving together with Anchor Mutual Fund

0.85	ATEAX	Anchor Risk Managed	Pair Corr
0.77	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.86	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.68	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.84	GTENX	Gateway Fund Class	Pair Corr
0.86	GTECX	Gateway Fund Class	Pair Corr
0.84	GTEYX	Gateway Fund Class	Pair Corr
0.85	GATEX	Gateway Fund Class	Pair Corr
0.67	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.74	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.76	JHDAX	Jpmorgan Hedged Equity	Pair Corr

Moving against Anchor Mutual Fund

0.54	ATAGX	Anchor Risk Managed	Pair Corr
0.52	ATGSX	Anchor Risk Managed	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr
0.76	TIODX	Transamerica Funds	Pair Corr
0.72	TLDIX	Thornburg Low Duration	Pair Corr
0.6	XWIWX	Western Asset/claymore	Pair Corr
0.58	SCIEX	Hartford Schroders	Pair Corr
0.58	TIISX	Tiaa Cref Intl	Pair Corr
0.58	VWWQX	Vwwqx	Pair Corr
0.51	RCLSX	Conservative Strategy	Pair Corr
0.51	WABIX	Wells Fargo Advantage	Pair Corr
0.5	TDMTX	Templeton Developing	Pair Corr
0.47	TSSIX	Thornburg Strategic	Pair Corr
0.41	TRGZX	T Rowe Price	Pair Corr
0.84	TBIWX	Tiaa Cref Bond	Pair Corr
0.83	SRBFX	Columbia Total Return	Pair Corr
0.8	LEXNX	Voya Gnma Income	Pair Corr
0.78	PINCX	Putnam Income	Pair Corr
0.77	MMBEX	Massmutual Select	Pair Corr
0.76	SHYMX	Stet Short Duration	Pair Corr

Related Correlations Analysis

	ATCSX	MBXIX	ATGSX	KAMIX	ATEAX
ATCSX		0.36	0.07	0.66	0.43	ATCSX
MBXIX	0.36		-0.62	-0.22	0.75	MBXIX
ATGSX	0.07	-0.62		0.42	-0.49	ATGSX
KAMIX	0.66	-0.22	0.42		-0.18	KAMIX
ATEAX	0.43	0.75	-0.49	-0.18		ATEAX
	ATCSX	MBXIX	ATGSX	KAMIX	ATEAX

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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

ATEAX	+ 0.75	MBXIX
KAMIX	+ 0.66	ATCSX
ATEAX	+ 0.43	ATCSX
KAMIX	+ 0.42	ATGSX
MBXIX	+ 0.36	ATCSX
ATGSX	+ 0.07	ATCSX

High negative correlations

ATGSX	- 0.62	MBXIX
ATEAX	- 0.49	ATGSX
KAMIX	- 0.22	MBXIX
ATEAX	- 0.18	KAMIX

Risk-Adjusted Indicators

There is a big difference between Anchor Mutual Fund performing well and Anchor Tactical 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 Anchor Tactical'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
ATCSX	0.37	0.02	0.09	0.36	0.48	(0.40)	0.54	(1.09)	4.41
MBXIX	0.50	(0.03)	0.00	(0.12)	0.00	0.00	1.05	(1.10)	3.36
ATGSX	0.34	0.03	0.09	0.19	0.49	(0.34)	0.69	(0.78)	2.41
KAMIX	0.15	0.01	0.21	0.07	0.09	(0.19)	0.31	(0.30)	1.03
ATEAX	0.40	(0.10)	0.00	(0.73)	0.00	0.00	0.75	(0.96)	3.11

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