Americafirst Large Correlations

Mutual Funds . USA . 
Fund . Americafirst Large Cap
SBQUX Fund  USD 12.40  0.19  1.56%   
The current 90-days correlation between Americafirst Large Cap and Blackrock Global Longshort is -0.22 (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

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 employment.

Moving together with Americafirst Mutual Fund

  1.0SBQAX Americafirst Large CapPairCorr
  1.0SBQIX Americafirst Large CapPairCorr
  0.91ABRUX Americafirst MonthlyPairCorr
  0.91ABRWX Americafirst TacticalPairCorr
  0.79ABRFX Americafirst TacticalPairCorr
  0.93AFPIX Americafirst IncomePairCorr
  0.93AFPAX Americafirst IncomePairCorr
  0.93AFPUX Americafirst IncomePairCorr
  0.88VTSAX Vanguard Total StockPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.79VSMPX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.86VFINX Vanguard 500 IndexPairCorr
  0.76VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88VIIIX Vanguard InstitutionalPairCorr
  0.77CISGX Touchstone Sands CapitalPairCorr

Moving against Americafirst Mutual Fund

  0.69DGQAX Americafirst DefensivePairCorr
  0.68DGQUX Americafirst DefensivePairCorr
  0.68DGQIX Americafirst DefensivePairCorr
  0.77CPPAX American Funds PresePairCorr
  0.75AGVCX Invesco GovernmentPairCorr
  0.74GILHX Guggenheim LimitedPairCorr
  0.71UGPIX Ultrachina ProfundPairCorr
  0.71UGPSX Ultrachina ProfundPairCorr
  0.67BORCX Collegeadvantage 529PairCorr
  0.65CBUDX Crossingbridge Ultra-shortPairCorr
  0.63NWHLX Nationwide BailardPairCorr
  0.56PMPIX Precious Metals UltrPairCorr
  0.49SCFIX Shenkman Short DurationPairCorr
  0.42TRIZX T Rowe PricePairCorr
  0.36GASFX Hennessy Gas UtilityPairCorr
  0.79KGIIX Kopernik InternationalPairCorr
  0.72JSNCX Jhancock Short 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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