At Income Correlations

AWIIX Fund

USD 15.74 0.09 0.58%

The current 90-days correlation between At Income Opportunities and Intermediate Bond Fund is 0.38 (i.e., Weak diversification). The correlation of At Income 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.

At Income Correlation With Market

Very weak diversification

The correlation between At Income Opportunities 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 At Income Opportunities 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 At Income Opportunities. 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 AWIIX Mutual Fund

0.94	AWEIX	Invesco Disciplined	Pair Corr
0.82	AWGIX	Cibc Atlas All	Pair Corr
0.81	AWMIX	At Mid Cap	Pair Corr
0.72	AWYIX	At Equity Income	Pair Corr
0.65	FBONX	American Funds American	Pair Corr
0.65	FBAFX	American Funds American	Pair Corr
0.67	ABALX	American Balanced	Pair Corr
0.68	BALCX	American Balanced	Pair Corr
0.67	BALFX	American Balanced	Pair Corr
0.68	RLBCX	American Balanced	Pair Corr
0.68	RLBBX	American Balanced	Pair Corr
0.67	CLBAX	American Balanced	Pair Corr
0.67	CLBEX	American Balanced	Pair Corr
0.67	RLBFX	American Balanced	Pair Corr

Moving against AWIIX Mutual Fund

0.36

TRSHX

Tiaa-cref Short-term

Pair Corr

Related Correlations Analysis

	CBOEX	ABNCX	BBINX	ABNTX	MBSAX	FMUUX	DLTNX	TTRBX
CBOEX		0.97	0.83	0.97	0.94	0.91	0.99	0.98	CBOEX
ABNCX	0.97		0.84	1.0	0.95	0.94	0.97	0.98	ABNCX
BBINX	0.83	0.84		0.85	0.91	0.88	0.84	0.88	BBINX
ABNTX	0.97	1.0	0.85		0.95	0.95	0.97	0.98	ABNTX
MBSAX	0.94	0.95	0.91	0.95		0.89	0.96	0.96	MBSAX
FMUUX	0.91	0.94	0.88	0.95	0.89		0.89	0.93	FMUUX
DLTNX	0.99	0.97	0.84	0.97	0.96	0.89		0.98	DLTNX
TTRBX	0.98	0.98	0.88	0.98	0.96	0.93	0.98		TTRBX
	CBOEX	ABNCX	BBINX	ABNTX	MBSAX	FMUUX	DLTNX	TTRBX

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Risk-Adjusted Indicators

There is a big difference between AWIIX Mutual Fund performing well and At Income 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 At Income'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
CBOEX	0.17	0.02	0.23	0.75	0.11	(0.21)	0.33	(0.32)	0.98
ABNCX	0.16	0.02	0.28	1.39	0.00	(0.20)	0.30	(0.30)	0.90
BBINX	0.13	(0.01)	0.12	0.28	0.17	(0.18)	0.29	(0.30)	0.78
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99
MBSAX	0.18	0.01	0.18	(0.25)	0.19	(0.21)	0.36	(0.30)	1.34
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
DLTNX	0.23	0.02	0.19	0.84	0.16	(0.31)	0.57	(0.34)	1.40
TTRBX	0.16	0.01	0.22	1.13	0.10	(0.19)	0.40	(0.30)	0.82

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