Enhanced Fixed Correlations

AAEZX Fund

10.04 0.03 0.30%

The current 90-days correlation between Enhanced Fixed Income and Allianzgi Convertible Income is 0.19 (i.e., Average diversification). The correlation of Enhanced Fixed 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.

Enhanced Fixed Correlation With Market

Weak diversification

The correlation between Enhanced Fixed Income and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enhanced Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Enhanced Fixed Income. 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 Enhanced Mutual Fund

0.74	SRWAX	Saat Market Growth	Pair Corr
0.69	SSCGX	Simt Small Cap	Pair Corr
0.62	SECAX	Siit Small Cap	Pair Corr
0.69	SEDAX	Siit Emerging Markets	Pair Corr
0.7	SEHAX	Siit Equity Factor	Pair Corr
0.81	LLOAX	Sei Institutional Managed	Pair Corr
0.62	SHYAX	Simt High Yield	Pair Corr
0.67	SISAX	Saat Tax Managed	Pair Corr
0.68	SITEX	Sit Emerging Markets	Pair Corr
0.78	SMAAX	Aig Government Money	Pair Corr
0.76	SRAAX	Simt Real Return	Pair Corr
0.71	VWEAX	Vanguard High Yield	Pair Corr
0.73	VWEHX	Vanguard High Yield	Pair Corr
0.8	BHYCX	Blackrock Hi Yld	Pair Corr
0.8	BHYIX	Blackrock High Yield	Pair Corr
0.82	BHYSX	Blackrock Hi Yld	Pair Corr
0.79	BHYAX	Blackrock High Yield	Pair Corr
0.64	FAHHX	American Funds American	Pair Corr
0.64	FTAHX	American Funds American	Pair Corr
0.67	AHTFX	American High Income	Pair Corr
0.7	AHTCX	American High Income	Pair Corr

Moving against Enhanced Mutual Fund

0.8	UIPIX	Ultrashort Mid Cap	Pair Corr
0.49	USPIX	Profunds Ultrashort	Pair Corr
0.48	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	XNCVX	XAVKX	GCV	LCFYX	VAADX	FSAWX
XNCVX		0.84	0.84	0.89	0.96	0.51	XNCVX
XAVKX	0.84		0.62	0.64	0.74	0.19	XAVKX
GCV	0.84	0.62		0.94	0.92	0.79	GCV
LCFYX	0.89	0.64	0.94		0.95	0.75	LCFYX
VAADX	0.96	0.74	0.92	0.95		0.72	VAADX
FSAWX	0.51	0.19	0.79	0.75	0.72		FSAWX
	XNCVX	XAVKX	GCV	LCFYX	VAADX	FSAWX

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Risk-Adjusted Indicators

There is a big difference between Enhanced Mutual Fund performing well and Enhanced Fixed 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 Enhanced Fixed'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
XNCVX	0.61	0.04	0.02	0.82	0.75	(0.72)	1.29	(1.03)	4.08
XAVKX	0.53	(0.02)	0.00	(0.10)	0.00	0.00	0.90	(1.13)	3.58
GCV	1.00	0.09	0.06	0.23	1.21	(1.03)	1.89	(1.55)	5.96
LCFYX	0.52	0.08	0.09	0.35	0.53	(0.62)	1.12	(0.90)	3.79
VAADX	0.58	0.08	0.07	0.85	0.62	(0.67)	1.19	(0.97)	4.02
FSAWX	0.08	0.03	0.05	2.90	0.00	(0.14)	0.19	(0.10)	0.38

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