Americafirst Large Correlations

Mutual Funds . USA . 
Fund . Americafirst Large Cap
SBQAX Fund  USD 13.26  0.01  0.08%   
The current 90-days correlation between Americafirst Large Cap and Scout E Bond is -0.05 (i.e., Good diversification). The correlation of Americafirst Large 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 Large Correlation With Market

Poor diversification

The correlation between Americafirst Large Cap and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americafirst Large 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 nation.

Moving together with Americafirst Mutual Fund

  1.0SBQIX Americafirst Large CapPairCorr
  1.0SBQUX Americafirst Large CapPairCorr
  0.91ABRUX Americafirst MonthlyPairCorr
  0.91ABRWX Americafirst TacticalPairCorr
  0.79ABRFX Americafirst TacticalPairCorr
  0.93AFPIX Americafirst IncomePairCorr
  0.93AFPAX Americafirst IncomePairCorr
  0.94AFPUX Americafirst IncomePairCorr
  0.89VTSAX Vanguard Total StockPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr
  0.89VTSMX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.79VSMPX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.87VFINX Vanguard 500 IndexPairCorr
  0.76VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88VIIIX Vanguard InstitutionalPairCorr
  0.78CISGX Touchstone Sands CapitalPairCorr

Moving against Americafirst Mutual Fund

  0.69DGQAX Americafirst DefensivePairCorr
  0.68DGQUX Americafirst DefensivePairCorr
  0.67DGQIX Americafirst DefensivePairCorr
  0.76CPPAX American Funds PresePairCorr
  0.73GILHX Guggenheim LimitedPairCorr
  0.73AGVCX Invesco GovernmentPairCorr
  0.7UGPIX Ultrachina ProfundPairCorr
  0.7UGPSX Ultrachina ProfundPairCorr
  0.65BORCX Collegeadvantage 529PairCorr
  0.64CBUDX Crossingbridge Ultra-shortPairCorr
  0.61NWHLX Nationwide BailardPairCorr
  0.54PMPIX Precious Metals UltrPairCorr
  0.48SCFIX Shenkman Short DurationPairCorr
  0.4TRIZX T Rowe PricePairCorr
  0.35GASFX Hennessy Gas UtilityPairCorr
  0.78KGIIX Kopernik InternationalPairCorr
  0.72CLDRX Columbia Limited DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Large 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 Large'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.

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