At Equity Correlations

AWYIX Fund

USD 58.39 0.20 0.34%

The current 90-days correlation between At Equity Income and Real Estate Ultrasector is -0.21 (i.e., Very good diversification). The correlation of At Equity 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 Equity Correlation With Market

Poor diversification

The correlation between At Equity Income and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Equity Income 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 Equity Income. 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 AWYIX Mutual Fund

0.77	AWEIX	Invesco Disciplined	Pair Corr
0.79	AWGIX	Cibc Atlas All	Pair Corr
0.74	AWIIX	At Income Opportunities	Pair Corr
0.77	AWMIX	At Mid Cap	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VINIX	Vanguard Institutional	Pair Corr
0.9	VIIIX	Vanguard Institutional	Pair Corr
0.64	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against AWYIX Mutual Fund

0.67	GAAGX	Gmo Alternative Allo	Pair Corr
0.64	GAAKX	Gmo Alternative Allo	Pair Corr
0.31	GPBFX	Gmo E Plus	Pair Corr
0.35	TRIGX	T Rowe Price	Pair Corr
0.31	BRAMX	Bats Series M	Pair Corr

Related Correlations Analysis

	REPIX	MRESX	PNDIX	CREMX	NRSCX	FORFX
REPIX		0.85	0.43	0.46	0.31	0.49	REPIX
MRESX	0.85		0.42	0.45	0.35	0.49	MRESX
PNDIX	0.43	0.42		1.0	0.44	0.99	PNDIX
CREMX	0.46	0.45	1.0		0.47	0.99	CREMX
NRSCX	0.31	0.35	0.44	0.47		0.44	NRSCX
FORFX	0.49	0.49	0.99	0.99	0.44		FORFX
	REPIX	MRESX	PNDIX	CREMX	NRSCX	FORFX

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Risk-Adjusted Indicators

There is a big difference between AWYIX Mutual Fund performing well and At Equity 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 Equity'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
REPIX	1.37	(0.08)	0.00	0.12	0.00	0.00	2.69	(2.92)	7.54
MRESX	0.89	0.01	0.00	(0.06)	0.00	0.00	1.67	(1.75)	4.48
PNDIX	0.04	0.02	0.00	(6.90)	0.00	0.00	0.10	0.00	0.10
CREMX	0.02	0.02	0.00	12.36	0.00	0.00	0.08	0.00	0.08
NRSCX	0.18	0.00	0.25	0.10	0.23	(0.19)	0.31	(0.37)	1.00
FORFX	0.05	0.03	0.00	4.14	0.00	0.00	0.11	0.00	0.32

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