Cibc Atlas Correlations

AWGIX Fund

USD 44.93 0.26 0.58%

The current 90-days correlation between Cibc Atlas All and Invesco Disciplined Equity is 0.88 (i.e., Very poor diversification). The correlation of Cibc Atlas 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.

Cibc Atlas Correlation With Market

Poor diversification

The correlation between Cibc Atlas All and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cibc Atlas All 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 Cibc Atlas All. 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 gross domestic product.

Moving together with Cibc Mutual Fund

0.94	AWEIX	Invesco Disciplined	Pair Corr
0.84	AWIIX	At Income Opportunities	Pair Corr
0.93	AWMIX	At Mid Cap	Pair Corr
0.91	AWYIX	At Equity Income	Pair Corr
0.96	FAFGX	American Funds	Pair Corr
0.96	FFAFX	American Funds	Pair Corr
0.96	GFACX	Growth Fund	Pair Corr
0.96	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.96	CGFFX	Growth Fund	Pair Corr
0.96	CGFCX	Growth Fund	Pair Corr
0.96	CGFAX	Growth Fund	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr
0.96	RGAEX	Growth Fund	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr
0.88	SMPIX	Semiconductor Ultrasector	Pair Corr
0.78	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.78	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.87	RSNYX	Victory Global Natural	Pair Corr
0.78	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.87	RSNRX	Victory Global Natural	Pair Corr
0.78	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.87	RGNCX	Victory Global Natural	Pair Corr
0.77	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.96	SWPPX	Schwab Sp 500	Pair Corr
0.77	DFMGX	Df Dent Midcap	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.94	VIGAX	Vanguard Growth Index	Pair Corr
0.82	ANCIX	Ancora Microcap	Pair Corr
0.91	AMECX	Income Fund	Pair Corr
0.87	IMOPX	Voya Midcap Opportunities	Pair Corr
0.97	TAAIX	Thrivent Aggressive	Pair Corr
0.64	NADCX	Nationwide Investor	Pair Corr
0.8	PCF	Putnam High Income	Pair Corr
0.62	RA	Brookfield Real Assets	Pair Corr

Related Correlations Analysis

	AWEIX	AWIIX	AWMIX	AWWIX	AWYIX
AWEIX		0.83	0.97	-0.22	0.94	AWEIX
AWIIX	0.83		0.84	0.07	0.9	AWIIX
AWMIX	0.97	0.84		-0.23	0.97	AWMIX
AWWIX	-0.22	0.07	-0.23		-0.19	AWWIX
AWYIX	0.94	0.9	0.97	-0.19		AWYIX
	AWEIX	AWIIX	AWMIX	AWWIX	AWYIX

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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

AWMIX	+ 0.97	AWEIX
AWYIX	+ 0.97	AWMIX
AWYIX	+ 0.94	AWEIX
AWYIX	+ 0.9	AWIIX
AWMIX	+ 0.84	AWIIX
AWIIX	+ 0.83	AWEIX

High negative correlations

AWWIX	- 0.23	AWMIX
AWWIX	- 0.22	AWEIX
AWYIX	- 0.19	AWWIX

Risk-Adjusted Indicators

There is a big difference between Cibc Mutual Fund performing well and Cibc Atlas 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 Cibc Atlas' 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
AWEIX	0.49	(0.01)	(0.05)	0.11	0.64	(0.50)	1.03	(1.42)	3.88
AWIIX	0.31	(0.01)	(0.19)	0.11	0.29	(0.36)	0.67	(0.62)	1.67
AWMIX	0.64	0.03	0.04	0.16	0.68	(0.71)	1.28	(1.35)	5.55
AWWIX	0.68	(0.12)	0.00	(0.08)	0.00	0.00	1.21	(1.74)	4.49
AWYIX	0.53	0.02	(0.02)	0.16	0.46	(0.58)	1.15	(0.95)	2.76

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