Americafirst Large Correlations

Mutual Funds . USA . 
Fund . Americafirst Large Cap
SBQIX Fund  USD 15.26  0.09  0.59%   
The current 90-days correlation between Americafirst Large Cap and Aig Government Money is -0.27 (i.e., Very 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

Very poor diversification

The correlation between Americafirst Large Cap and DJI is 0.81 (i.e., Very 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 gross domestic product.

Moving together with Americafirst Mutual Fund

  1.0SBQAX Americafirst Large CapPairCorr
  1.0SBQUX Americafirst Large CapPairCorr
  0.97ABRUX Americafirst MonthlyPairCorr
  0.97ABRWX Americafirst TacticalPairCorr
  0.97ABRFX Americafirst TacticalPairCorr
  0.89AFPIX Americafirst IncomePairCorr
  0.89AFPAX Americafirst IncomePairCorr
  0.88AFPUX Americafirst IncomePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr
  0.95VIIIX Vanguard InstitutionalPairCorr
  0.95LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.95LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.95LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.94WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.94KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.93OSPPX Oppenheimer Steelpath MlpPairCorr
  0.93SPMPX Invesco Steelpath MlpPairCorr
  0.95LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.93SPMJX Invesco Steelpath MlpPairCorr
  0.94KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.69FSELX Fidelity Select SemiPairCorr
  0.63RRTLX T Rowe PricePairCorr
  0.93RGRYX Victory Rs GrowthPairCorr
  0.87MERDX Meridian GrowthPairCorr
  0.96NBGIX Neuberger Berman GenesisPairCorr
  0.91FIKHX Fidelity Advisor TecPairCorr

Moving against Americafirst Mutual Fund

  0.38DGQUX Americafirst DefensivePairCorr
  0.36DGQAX Americafirst DefensivePairCorr
  0.33DGQIX Americafirst DefensivePairCorr

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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