Aegis Value Correlations

Mutual Funds . USA . 
Fund . Aegis Value Fund
AVALX Fund  USD 40.87  0.24  0.59%   
The current 90-days correlation between Aegis Value Fund and Cref Inflation Linked Bond is 0.17 (i.e., Average diversification). The correlation of Aegis Value 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.

Aegis Value Correlation With Market

Weak diversification

The correlation between Aegis Value Fund and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegis Value Fund 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 Aegis Value Fund. 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 bureau of economic analysis.

Moving together with Aegis Mutual Fund

  0.64VSIIX Vanguard Small CapPairCorr
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  0.76VFINX Vanguard 500 IndexPairCorr
  0.88AMECX Income FundPairCorr
  0.74ARIDX Amg River RoadPairCorr
  0.78MLMAX Global E PortfolioPairCorr
  0.76SRORX Calamos AntetokounmpoPairCorr
  0.85PFN Pimco Income StrategyPairCorr
  0.64FSEIX Nuveen Mid CapPairCorr
  0.74VFTAX Vanguard Ftse SocialPairCorr
  0.7FXIFX Fidelity Freedom IndexPairCorr
  0.63VEXRX Vanguard ExplorerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aegis Mutual Fund performing well and Aegis Value 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 Aegis Value'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.

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