Ancora Income Correlations

AAIIX Fund

USD 7.23 0.04 0.55%

The current 90-days correlation between Ancora Income and Invesco Gold Special is -0.22 (i.e., Very good 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

Significant diversification

The correlation between Ancora Income Fund and DJI is 0.07 (i.e., Significant 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

0.63	AATSX	Ancora/thelen Small-mid	Pair Corr
0.63	AATIX	Ancora/thelen Small-mid	Pair Corr
0.61	ADEIX	Proxy Voting Where	Pair Corr
0.62	CPXIX	Cohen Steers Prfrd	Pair Corr
0.68	CPXCX	Cohen Steers Prefrd	Pair Corr
0.68	CPRRX	Cohen Steers Preferred	Pair Corr
0.61	PRFCX	Preferred Securities	Pair Corr
0.63	RYCCX	Nasdaq 100 2x	Pair Corr
0.73	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.8	SAMAX	Moderately Aggressive	Pair Corr
0.65	HDPMX	Hodges Fund Retail Potential Growth	Pair Corr
0.65	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.7	SWYBX	Schwab Target 2015	Pair Corr
0.63	FLSZX	Franklin Lifesmart 2055	Pair Corr

Moving against Ancora Mutual Fund

0.53	MLCIX	Bmo Large Cap	Pair Corr
0.37	GPICX	Guidepath Conservative	Pair Corr
0.35	DNMDX	Dunham Monthly Distr	Pair Corr

Related Correlations Analysis

	IOGYX	GLRIX	FGDCX	IIGCX	SPPIX	AGGWX	SGDLX
IOGYX		0.6	0.96	0.97	-0.96	0.96	0.98	IOGYX
GLRIX	0.6		0.51	0.52	-0.58	0.54	0.55	GLRIX
FGDCX	0.96	0.51		0.99	-0.98	0.99	0.97	FGDCX
IIGCX	0.97	0.52	0.99		-0.98	0.99	0.98	IIGCX
SPPIX	-0.96	-0.58	-0.98	-0.98		-0.99	-0.97	SPPIX
AGGWX	0.96	0.54	0.99	0.99	-0.99		0.96	AGGWX
SGDLX	0.98	0.55	0.97	0.98	-0.97	0.96		SGDLX
	IOGYX	GLRIX	FGDCX	IIGCX	SPPIX	AGGWX	SGDLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IIGCX	+ 0.99	FGDCX
AGGWX	+ 0.99	FGDCX
AGGWX	+ 0.99	IIGCX
SGDLX	+ 0.98	IOGYX
SGDLX	+ 0.98	IIGCX
IIGCX	+ 0.97	IOGYX

High negative correlations

AGGWX	- 0.99	SPPIX
SPPIX	- 0.98	IIGCX
SPPIX	- 0.98	FGDCX
SGDLX	- 0.97	SPPIX
SPPIX	- 0.96	IOGYX
SPPIX	- 0.58	GLRIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IOGYX	1.35	(0.06)	0.00	(0.15)	0.00	0.00	2.61	(2.81)	8.99
GLRIX	0.41	(0.02)	(0.09)	0.01	0.70	(0.36)	0.63	(0.85)	3.21
FGDCX	1.39	(0.03)	(0.04)	0.00	1.88	(1.44)	2.68	(2.93)	7.99
IIGCX	1.33	(0.04)	0.00	(0.05)	0.00	0.00	2.68	(3.04)	8.36
SPPIX	1.51	0.03	(0.03)	(0.01)	1.99	(1.52)	3.20	(3.35)	10.57
AGGWX	1.34	(0.02)	(0.04)	(0.01)	1.83	(1.44)	2.88	(3.07)	8.48
SGDLX	1.36	(0.07)	0.00	(0.13)	0.00	0.00	2.66	(2.92)	7.55

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