Americafirst Defensive Correlations

DGQIX Fund

USD 9.35 0.01 0.11%

The current 90-days correlation between Americafirst Defensive and Fidelity Advisor Diversified is 0.12 (i.e., Average diversification). The correlation of Americafirst Defensive 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.

Americafirst Defensive Correlation With Market

Weak diversification

The correlation between Americafirst Defensive Growth and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Defensive Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Americafirst Defensive Growth. 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 Americafirst Mutual Fund

0.9	DGQUX	Americafirst Defensive	Pair Corr
0.88	DGQAX	Americafirst Defensive	Pair Corr
0.81	DHLSX	Diamond Hill Long	Pair Corr
0.81	DIAYX	Diamond Hill Long	Pair Corr
0.82	DIAMX	Diamond Hill Long	Pair Corr
0.63	PWLIX	Pimco Rae Worldwide	Pair Corr
0.64	PWLMX	Pimco Rae Worldwide	Pair Corr
0.77	ASLAX	Ab Select Longshort	Pair Corr
0.8	GPBFX	Gmo E Plus	Pair Corr
0.69	WARCX	Wells Fargo Advantage	Pair Corr
0.67	EMBYX	Unconstrained Emerging	Pair Corr
0.65	GSHRX	Goldman Sachs High	Pair Corr
0.82	DFXIX	Dfa Diversified Fixed	Pair Corr

Moving against Americafirst Mutual Fund

0.67	PQTNX	Pimco Trends Managed	Pair Corr
0.67	PQTIX	Aa Pimco Tr	Pair Corr
0.66	PQTAX	Pimco Trends Managed	Pair Corr
0.57	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	FZABX	LIXRX	MDBSX	BDVFX	HIIDX	PLKTX	SRDAX
FZABX		0.91	0.78	0.81	0.9	0.91	-0.37	FZABX
LIXRX	0.91		0.76	0.66	0.94	0.94	-0.13	LIXRX
MDBSX	0.78	0.76		0.78	0.86	0.72	-0.14	MDBSX
BDVFX	0.81	0.66	0.78		0.68	0.74	-0.6	BDVFX
HIIDX	0.9	0.94	0.86	0.68		0.9	-0.08	HIIDX
PLKTX	0.91	0.94	0.72	0.74	0.9		-0.29	PLKTX
SRDAX	-0.37	-0.13	-0.14	-0.6	-0.08	-0.29		SRDAX
	FZABX	LIXRX	MDBSX	BDVFX	HIIDX	PLKTX	SRDAX

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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

HIIDX	+ 0.94	LIXRX
PLKTX	+ 0.94	LIXRX
LIXRX	+ 0.91	FZABX
PLKTX	+ 0.91	FZABX
HIIDX	+ 0.9	FZABX
PLKTX	+ 0.9	HIIDX

High negative correlations

SRDAX	- 0.6	BDVFX
SRDAX	- 0.37	FZABX
SRDAX	- 0.29	PLKTX
SRDAX	- 0.14	MDBSX
SRDAX	- 0.13	LIXRX
SRDAX	- 0.08	HIIDX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Defensive 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 Americafirst Defensive'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
FZABX	0.67	0.01	0.01	0.02	1.18	(0.60)	1.21	(1.19)	5.64
LIXRX	0.28	0.02	0.05	0.07	0.35	(0.31)	0.55	(0.49)	1.91
MDBSX	0.23	0.03	0.12	(0.43)	0.11	(0.32)	0.75	(0.38)	1.38
BDVFX	0.26	0.00	0.01	(0.02)	0.33	(0.31)	0.54	(0.54)	1.91
HIIDX	0.53	0.05	0.08	0.12	0.65	(0.54)	1.14	(0.95)	3.01
PLKTX	0.53	0.01	0.01	0.01	0.85	(0.48)	1.06	(1.34)	3.50
SRDAX	0.14	0.02	0.10	2.04	0.00	(0.19)	0.29	(0.37)	0.95

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