Auer Growth Correlations
| AUERX Fund | USD 12.95 0.16 1.22% |
The current 90-days correlation between Auer Growth Fund and Lebenthal Lisanti Small is -0.08 (i.e., Good diversification). The correlation of Auer Growth 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.
Auer Growth Correlation With Market
Very weak diversification
The correlation between Auer Growth Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Auer Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
Auer |
Moving together with Auer Mutual Fund
| 0.73 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.73 | VISVX | Vanguard Small Cap | PairCorr |
| 0.74 | DFSVX | Us Small Cap | PairCorr |
| 0.75 | DFFVX | Us Targeted Value | PairCorr |
| 0.72 | UBVCX | Undiscovered Managers | PairCorr |
| 0.72 | UBVAX | Undiscovered Managers | PairCorr |
| 0.72 | UBVSX | Undiscovered Managers | PairCorr |
| 0.72 | AVFIX | American Beacon Small | PairCorr |
| 0.77 | HD | Home Depot | PairCorr |
| 0.71 | MSFT | Microsoft | PairCorr |
| 0.85 | AXP | American Express | PairCorr |
| 0.86 | BAC | Bank of America | PairCorr |
| 0.73 | BA | Boeing | PairCorr |
Moving against Auer Mutual Fund
| 0.35 | UTF | Cohen And Steers | PairCorr |
| 0.71 | VZ | Verizon Communications | PairCorr |
| 0.63 | KO | Coca Cola | PairCorr |
| 0.56 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.55 | JNJ | Johnson Johnson | PairCorr |
| 0.53 | PG | Procter Gamble | PairCorr |
| 0.53 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
| 0.97 | 0.11 | 0.91 | -0.41 | ASCGX | ||
| 0.97 | 0.15 | 0.97 | -0.26 | HDPSX | ||
| 0.11 | 0.15 | 0.2 | 0.15 | RCMFX | ||
| 0.91 | 0.97 | 0.2 | -0.18 | OBSOX | ||
| -0.41 | -0.26 | 0.15 | -0.18 | AVALX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Auer Mutual Fund performing well and Auer Growth 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 Auer Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASCGX | 1.30 | (0.33) | 0.00 | 2.45 | 0.00 | 2.17 | 7.17 | |||
| HDPSX | 1.09 | (0.19) | 0.00 | 0.87 | 0.00 | 1.61 | 5.39 | |||
| RCMFX | 1.23 | (0.08) | 0.00 | (0.77) | 0.00 | 1.84 | 14.58 | |||
| OBSOX | 1.12 | (0.19) | 0.00 | 1.44 | 0.00 | 1.72 | 5.74 | |||
| AVALX | 1.01 | 0.20 | 0.18 | (2.04) | 1.23 | 2.13 | 6.32 |