Aquila Three Correlations

ATGAX Fund

USD 34.02 0.05 0.15%

The current 90-days correlation between Aquila Three Peaks and Fidelity Real Estate is 0.33 (i.e., Weak diversification). The correlation of Aquila Three 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.

Aquila Three Correlation With Market

Good diversification

The correlation between Aquila Three Peaks and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquila Three Peaks 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 Aquila Three Peaks. 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 nation.

Moving together with Aquila Mutual Fund

0.96	VIMAX	Vanguard Mid Cap	Pair Corr
0.96	VIMSX	Vanguard Mid Cap	Pair Corr
0.96	VMCPX	Vanguard Mid Cap	Pair Corr
0.96	VMCIX	Vanguard Mid Cap	Pair Corr
0.97	VEXAX	Vanguard Extended Market	Pair Corr
0.97	VEMPX	Vanguard Extended Market	Pair Corr
0.97	VIEIX	Vanguard Extended Market	Pair Corr
0.82	VSEMX	Vanguard Extended Market	Pair Corr
0.97	VEXMX	Vanguard Extended Market	Pair Corr
0.97	FSMAX	Fidelity Extended Market	Pair Corr

Moving against Aquila Mutual Fund

0.71	SDFCX	Swan Defined Risk	Pair Corr
0.6	FAIJX	Faijx	Pair Corr
0.58	GILHX	Guggenheim Limited	Pair Corr
0.56	FMSCX	Fidelity Advisor Mortgage	Pair Corr
0.55	JSNCX	Jhancock Short Duration	Pair Corr
0.52	RCBDX	American Funds Porate	Pair Corr
0.51	VEDIX	Vanguard Extended	Pair Corr
0.51	EKIZX	Wells Fargo Adjustable	Pair Corr
0.38	FSGGX	Fidelity Global Ex	Pair Corr
0.35	NHS	Neuberger Berman High	Pair Corr
0.6	ABNDX	Bond Fund	Pair Corr
0.6	ABTAX	Government Bond	Pair Corr

Related Correlations Analysis

	FRIOX	NMMRF	FORFX	TRREX	MRESX	ZRPTUX
FRIOX		0.62	0.94	0.76	0.75	0.6	FRIOX
NMMRF	0.62		0.63	0.38	0.37	0.24	NMMRF
FORFX	0.94	0.63		0.69	0.65	0.53	FORFX
TRREX	0.76	0.38	0.69		0.95	0.66	TRREX
MRESX	0.75	0.37	0.65	0.95		0.6	MRESX
ZRPTUX	0.6	0.24	0.53	0.66	0.6		ZRPTUX
	FRIOX	NMMRF	FORFX	TRREX	MRESX	ZRPTUX

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Risk-Adjusted Indicators

There is a big difference between Aquila Mutual Fund performing well and Aquila Three 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 Aquila Three'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
FRIOX	0.24	0.03	0.28	1.03	0.20	(0.28)	0.59	(0.43)	1.12
NMMRF	0.07	0.02	0.00	(1.43)	0.00	0.00	0.00	0.00	2.35
FORFX	0.05	0.02	0.00	1.11	0.00	0.00	0.11	0.00	0.31
TRREX	1.03	(0.09)	0.00	(0.19)	0.00	0.00	1.63	(2.31)	6.60
MRESX	0.91	(0.01)	0.00	(0.09)	0.00	0.00	1.67	(1.75)	4.48
ZRPTUX	0.08	(0.01)	0.00	(0.92)	0.00	0.00	0.15	(0.45)	0.98

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