Anchor Risk Correlations

ATGSX Fund

USD 10.41 0.05 0.48%

The current 90-days correlation between Anchor Risk Managed and Jhancock Diversified Macro is -0.06 (i.e., Good diversification). The correlation of Anchor Risk 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 Risk Correlation With Market

Modest diversification

The correlation between Anchor Risk Managed and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anchor Risk Managed 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 Risk Managed. 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

1.0	ATAGX	Anchor Risk Managed	Pair Corr
0.71	NHS	Neuberger Berman High	Pair Corr
0.8	SCIEX	Hartford Schroders	Pair Corr
0.84	TIISX	Tiaa Cref Intl	Pair Corr
0.86	TDMTX	Templeton Developing	Pair Corr
0.66	RCLSX	Conservative Strategy	Pair Corr
0.65	VWWQX	Vwwqx	Pair Corr
0.69	WABIX	Wells Fargo Advantage	Pair Corr
0.71	NEWFX	New World Fund	Pair Corr
0.86	TRGZX	T Rowe Price	Pair Corr
0.68	TIODX	Transamerica Funds	Pair Corr
0.77	XWIWX	Western Asset/claymore	Pair Corr
0.81	TSOHX	Tiaa Cref Social	Pair Corr
0.71	SGQCX	Deutsche Global Growth	Pair Corr
0.66	WAFSX	Western Asset Inflation	Pair Corr
0.64	NWXEX	Nationwide Amundi	Pair Corr
0.66	SRBFX	Columbia Total Return	Pair Corr

Moving against Anchor Mutual Fund

0.41	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.41	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.4	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.37	ATEAX	Anchor Risk Managed	Pair Corr
0.37	ATESX	Anchor Tactical Equity	Pair Corr
0.34	GTECX	Gateway Fund Class	Pair Corr
0.33	GATEX	Gateway Fund Class	Pair Corr
0.32	GTENX	Gateway Fund Class	Pair Corr
0.32	GTEYX	Gateway Fund Class	Pair Corr

Related Correlations Analysis

	JDJRX	BDVFX	LIGFX	MDBLX	CDBCX	DLTZX	XWDIX	SRDAX
JDJRX		0.16	0.76	0.24	0.2	0.28	0.21	0.28	JDJRX
BDVFX	0.16		0.48	0.93	0.95	0.87	0.76	-0.5	BDVFX
LIGFX	0.76	0.48		0.5	0.49	0.46	0.5	0.03	LIGFX
MDBLX	0.24	0.93	0.5		0.99	0.95	0.67	-0.43	MDBLX
CDBCX	0.2	0.95	0.49	0.99		0.94	0.7	-0.47	CDBCX
DLTZX	0.28	0.87	0.46	0.95	0.94		0.5	-0.37	DLTZX
XWDIX	0.21	0.76	0.5	0.67	0.7	0.5		-0.51	XWDIX
SRDAX	0.28	-0.5	0.03	-0.43	-0.47	-0.37	-0.51		SRDAX
	JDJRX	BDVFX	LIGFX	MDBLX	CDBCX	DLTZX	XWDIX	SRDAX

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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

CDBCX	+ 0.99	MDBLX
CDBCX	+ 0.95	BDVFX
DLTZX	+ 0.95	MDBLX
DLTZX	+ 0.94	CDBCX
MDBLX	+ 0.93	BDVFX
DLTZX	+ 0.87	BDVFX

High negative correlations

SRDAX	- 0.51	XWDIX
SRDAX	- 0.5	BDVFX
SRDAX	- 0.47	CDBCX
SRDAX	- 0.43	MDBLX
SRDAX	- 0.37	DLTZX

Risk-Adjusted Indicators

There is a big difference between Anchor Mutual Fund performing well and Anchor Risk 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 Risk'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
JDJRX	0.33	0.00	0.14	(0.02)	0.39	(0.41)	0.66	(0.75)	2.62
BDVFX	0.26	(0.01)	0.00	(0.15)	0.00	0.00	0.54	(0.54)	1.41
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
SRDAX	0.16	0.00	0.27	(2.13)	0.16	(0.20)	0.29	(0.37)	0.76

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