Acclivity Small Correlations

AXVIX Fund

USD 17.90 0.11 0.62%

The current 90-days correlation between Acclivity Small Cap and World Energy Fund is 0.43 (i.e., Very weak diversification). The correlation of Acclivity Small 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.

Acclivity Small Correlation With Market

Very weak diversification

The correlation between Acclivity Small Cap and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acclivity Small Cap 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 Acclivity Small Cap. 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 Acclivity Mutual Fund

0.64	ICSIX	Dynamic Opportunity	Pair Corr
0.64	ICSNX	Dynamic Opportunity	Pair Corr
0.98	AXMIX	Acclivity Mid Cap	Pair Corr
1.0	AXVNX	Acclivity Small Cap	Pair Corr
0.77	UBVCX	Undiscovered Managers	Pair Corr
0.77	UBVAX	Undiscovered Managers	Pair Corr

Moving against Acclivity Mutual Fund

0.54	TMPFX	Tactical Multi Purpose	Pair Corr
0.44	ESFAX	Ashmore Emerging Markets	Pair Corr
0.42	LCTIX	Leader Total Return	Pair Corr
0.37	UPUPX	Upright Growth	Pair Corr
0.32	RULFX	Rbc Ultra Short	Pair Corr

Related Correlations Analysis

	AIWEX	IEFCX	TREIX	SNPIX	APWEX	FNCRX	BACCX
AIWEX		0.76	0.01	-0.72	1.0	0.8	0.76	AIWEX
IEFCX	0.76		0.2	-0.97	0.76	0.98	0.97	IEFCX
TREIX	0.01	0.2		0.0	0.01	0.03	0.02	TREIX
SNPIX	-0.72	-0.97	0.0		-0.72	-0.98	-0.99	SNPIX
APWEX	1.0	0.76	0.01	-0.72		0.8	0.76	APWEX
FNCRX	0.8	0.98	0.03	-0.98	0.8		0.98	FNCRX
BACCX	0.76	0.97	0.02	-0.99	0.76	0.98		BACCX
	AIWEX	IEFCX	TREIX	SNPIX	APWEX	FNCRX	BACCX

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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

APWEX	+ 1.0	AIWEX
FNCRX	+ 0.98	IEFCX
BACCX	+ 0.98	FNCRX
BACCX	+ 0.97	IEFCX
FNCRX	+ 0.8	AIWEX
FNCRX	+ 0.8	APWEX

High negative correlations

BACCX	- 0.99	SNPIX
FNCRX	- 0.98	SNPIX
SNPIX	- 0.97	IEFCX
APWEX	- 0.72	SNPIX
SNPIX	- 0.72	AIWEX
SNPIX	- 0.0	TREIX

Risk-Adjusted Indicators

There is a big difference between Acclivity Mutual Fund performing well and Acclivity Small 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 Acclivity Small'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
AIWEX	1.05	(0.13)	0.00	(0.24)	0.00	0.00	1.86	(1.83)	9.63
IEFCX	0.83	(0.06)	0.00	(0.15)	0.00	0.00	1.25	(2.18)	4.47
TREIX	0.06	0.02	0.30	0.98	0.00	(0.11)	0.10	(0.10)	0.30
SNPIX	0.93	0.09	0.12	(0.18)	0.87	(1.13)	2.35	(1.58)	4.99
APWEX	1.06	(0.13)	0.00	(0.24)	0.00	0.00	1.80	(1.83)	9.65
FNCRX	0.82	(0.09)	0.00	(0.19)	0.00	0.00	1.23	(1.85)	4.45
BACCX	0.80	(0.08)	0.00	(0.21)	0.00	0.00	1.24	(1.90)	4.22

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