Ancora Income Correlations

Mutual Funds USA . 
Fund . Ancora Income Fund
AAIIX Fund  USD 7.24  0.01  0.14%   
The current 90-days correlation between Ancora Income and Proxy Voting Where Does Your Fund Manager Stand On Esg Issuesaspx is 0.45 (i.e., Very weak diversification). The correlation of Ancora Income 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.

Ancora Income Correlation With Market

Very poor diversification

The correlation between Ancora Income Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ancora Income Fund 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 Ancora Income Fund. 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 Ancora Mutual Fund

  0.73ANCIX Ancora MicrocapPairCorr
  0.95AATSX Ancora/thelen Small-midPairCorr
  0.95AATIX Ancora/thelen Small-midPairCorr
  0.77ADEIX Proxy Voting WherePairCorr
  0.97CPXIX Cohen Steers PrfrdPairCorr
  0.97CPXAX Cohen Steers PreferdPairCorr
  0.97CPXCX Cohen Steers PrefrdPairCorr
  0.97CPRRX Cohen Steers PreferredPairCorr
  0.97CPXZX Cohen Steers PreferredPairCorr
  0.97CPXFX Cohen Steers PreferredPairCorr
  0.95NPSAX Nuveen Preferred SecPairCorr
  0.95NPSCX Nuveen Preferred SecPairCorr
  0.98PPSJX Preferred SecuritiesPairCorr
  0.93NHS Neuberger Berman HighPairCorr
  0.9VBIRX Vanguard Short TermPairCorr
  0.76AALGX Thrivent Large CapPairCorr
  0.9MGLDX Mfs Global RealPairCorr
  0.96VCIEX International EquitiesPairCorr
  0.84CPGAX American Funds GlobalPairCorr
  0.97SRMAX Deutsche Short TermPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.88VMNVX Vanguard Global MinimumPairCorr
  0.94FIHFX Fidelity Freedom IndexPairCorr
  0.73CYYYX Columbia ThermostatPairCorr
  0.92JVACX Jpmorgan Value AdvantagePairCorr
  0.88SEQAX Guggenheim World EquityPairCorr
  0.91XGAMX General American InvPairCorr
  0.65BEGIX Sterling Capital EquityPairCorr
  0.72MOSNX Massmutual SelectPairCorr
  0.94FLUIX Fidelity Stock SelectorPairCorr
  0.94JEVIX John Hancock FundsPairCorr
  0.9FSELX Fidelity Select SemiPairCorr
  0.94PHYUX Putnam High YieldPairCorr
  0.83GURIX Guggenheim Risk ManagedPairCorr
  0.9ALFFX Lord Abbett AlphaPairCorr
  0.89PSPFX Global Resources Steady GrowthPairCorr
  0.74FROTX Franklin ConvertiblePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Ancora Mutual Fund performing well and Ancora Income 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 Ancora Income'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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