Ambrus Core Correlations

TTRBX Fund

USD 9.98 0.01 0.10%

The current 90-days correlation between Ambrus Core Bond and Gamco Natural Resources is 0.16 (i.e., Average diversification). The correlation of Ambrus Core 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.

Ambrus Core Correlation With Market

Significant diversification

The correlation between Ambrus Core Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambrus Core Bond 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 Ambrus Core Bond. 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 bureau of labor statistics.

Moving together with Ambrus Mutual Fund

0.81	VBIRX	Vanguard Short Term	Pair Corr
0.83	VFSUX	Vanguard Short Term	Pair Corr
0.81	VFSIX	Vanguard Short Term	Pair Corr
0.8	VFSTX	Vanguard Short Term	Pair Corr
0.78	VBITX	Vanguard Short Term	Pair Corr
0.78	VBISX	Vanguard Short Term	Pair Corr
0.77	LALDX	Lord Abbett Short	Pair Corr
0.78	VSCSX	Vanguard Short Term	Pair Corr
0.82	LDLAX	Lord Abbett Short	Pair Corr
0.83	LDLRX	Lord Abbett Short	Pair Corr
0.77	UGPIX	Ultrachina Profund	Pair Corr
0.77	UGPSX	Ultrachina Profund	Pair Corr
0.64	PMPIX	Precious Metals Ultr	Pair Corr
0.84	DBIWX	Dws Global Macro	Pair Corr
0.85	GIOIX	Guggenheim Macro Opp	Pair Corr
0.79	UTF	Cohen And Steers	Pair Corr
0.82	HTD	John Hancock Tax	Pair Corr
0.75	TIMUX	Transamerica Intermediate	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.94	T	ATT Inc Earnings Call This Week	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.89	KO	Coca Cola	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.79	MCD	McDonalds	Pair Corr

Moving against Ambrus Mutual Fund

0.81	MSFT	Microsoft	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.54	MRK	Merck Company	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.36	BA	Boeing	Pair Corr

Related Correlations Analysis

	XGNTX	PEO	ALEFX	SMAPX	FRNRX	GLEAX
XGNTX		0.69	0.65	0.54	0.66	0.58	XGNTX
PEO	0.69		0.89	0.88	0.94	0.89	PEO
ALEFX	0.65	0.89		0.98	0.92	0.99	ALEFX
SMAPX	0.54	0.88	0.98		0.92	0.99	SMAPX
FRNRX	0.66	0.94	0.92	0.92		0.93	FRNRX
GLEAX	0.58	0.89	0.99	0.99	0.93		GLEAX
	XGNTX	PEO	ALEFX	SMAPX	FRNRX	GLEAX

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Risk-Adjusted Indicators

There is a big difference between Ambrus Mutual Fund performing well and Ambrus Core 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 Ambrus Core'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
XGNTX	0.56	0.10	0.16	0.22	0.75	(0.60)	1.26	(1.07)	3.07
PEO	0.87	0.09	0.10	0.14	1.20	(0.77)	1.79	(1.87)	5.71
ALEFX	0.98	0.14	0.11	0.16	1.29	(1.03)	1.96	(2.27)	6.21
SMAPX	1.11	0.11	0.09	0.12	1.50	(1.19)	2.13	(2.32)	7.93
FRNRX	0.86	0.07	0.08	0.05	1.20	(0.90)	1.72	(1.97)	4.96
GLEAX	1.05	0.11	0.09	0.11	1.39	(1.07)	1.92	(2.42)	6.59

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