Aquila Three Correlations

ATPAX Fund

USD 8.15 0.01 0.12%

The current 90-days correlation between Aquila Three Peaks and Alliancebernstein Global Highome is 0.04 (i.e., Significant 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 -0.01 (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

0.99	ATPYX	Aquila Three Peaks	Pair Corr
0.87	UTAYX	Aquila Tax Free	Pair Corr
0.86	UTACX	Aquila Tax Free	Pair Corr
0.86	UTAHX	Aquila Tax Free	Pair Corr
0.76	COTCX	Aquila Tax Free	Pair Corr
0.79	COTYX	Aquila Tax Free	Pair Corr
0.78	COTFX	Aquila Tax Free	Pair Corr
0.83	AZTYX	Aquila Tax Free	Pair Corr
0.82	AZTFX	Aquila Tax Free	Pair Corr
0.81	AZTCX	Aquila Tax Free	Pair Corr
0.77	HULAX	Hawaiian Tax Free	Pair Corr
0.72	HULCX	Hawaiian Tax Free	Pair Corr
0.74	HULFX	Hawaiian Tax Free	Pair Corr
0.78	HULYX	Hawaiian Tax Free	Pair Corr
0.83	ORTYX	Aquila Tax Free	Pair Corr
0.83	ORTFX	Aquila Tax Free	Pair Corr
0.81	ORTCX	Aquila Tax Free	Pair Corr
0.95	VWEAX	Vanguard High Yield	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.95	BHYCX	Blackrock Hi Yld	Pair Corr
0.98	BHYIX	Blackrock High Yield	Pair Corr
0.97	BHYSX	Blackrock Hi Yld	Pair Corr
0.97	BHYAX	Blackrock High Yield	Pair Corr
0.98	FAHHX	American Funds American	Pair Corr
0.98	FTAHX	American Funds American	Pair Corr
0.98	AHTFX	American High Income	Pair Corr
0.97	AHTCX	American High Income	Pair Corr
0.87	PFN	Pimco Income Strategy	Pair Corr
0.79	NXJ	Nuveen New Jersey	Pair Corr
0.88	XPPRX	Voya Prime Rate	Pair Corr
0.88	PCF	Putnam High Income	Pair Corr
0.83	AVAYX	Ab Virginia Portfolio	Pair Corr

Moving against Aquila Mutual Fund

0.48

COSRX

Columbia Overseas

Pair Corr

Related Correlations Analysis

	XAWFX	DHGCX	GARGX	BXFIX	GMLVX	XEHIX	TEDIX
XAWFX		0.41	0.65	0.34	0.12	0.69	0.22	XAWFX
DHGCX	0.41		0.82	0.58	0.64	0.36	0.73	DHGCX
GARGX	0.65	0.82		0.61	0.66	0.5	0.68	GARGX
BXFIX	0.34	0.58	0.61		0.38	0.09	0.46	BXFIX
GMLVX	0.12	0.64	0.66	0.38		0.22	0.77	GMLVX
XEHIX	0.69	0.36	0.5	0.09	0.22		0.43	XEHIX
TEDIX	0.22	0.73	0.68	0.46	0.77	0.43		TEDIX
	XAWFX	DHGCX	GARGX	BXFIX	GMLVX	XEHIX	TEDIX

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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
XAWFX	0.16	(0.02)	0.00	(0.30)	0.00	0.00	0.26	(0.44)	1.50
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
GARGX	0.79	0.01	0.00	(0.06)	0.00	0.00	1.37	(1.79)	4.42
BXFIX	0.08	(0.01)	0.42	(0.32)	0.06	(0.28)	0.23	(0.12)	0.93
GMLVX	0.71	0.04	0.08	0.03	0.91	(0.77)	1.57	(1.62)	5.51
XEHIX	0.21	(0.03)	0.00	(0.35)	0.00	0.00	0.43	(0.71)	1.74
TEDIX	0.66	0.01	0.00	(0.06)	0.00	0.00	1.01	(1.47)	7.35

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