Ancora Income Correlations

Mutual Funds . USA . 
Fund . Ancora Income Fund
AAIIX Fund  USD 7.23  0.02  0.28%   
The current 90-days correlation between Ancora Income and Invesco Gold Special is 0.3 (i.e., 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 0.83 (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

  0.87ANCIX Ancora MicrocapPairCorr
  0.9AATSX Ancora/thelen Small-midPairCorr
  0.9AATIX Ancora/thelen Small-midPairCorr
  0.78ADEIX Proxy Voting WherePairCorr
  0.91CPXIX Cohen Steers PrfrdPairCorr
  0.91CPXAX Cohen Steers PreferdPairCorr
  0.92CPXCX Cohen Steers PrefrdPairCorr
  0.92CPRRX Cohen Steers PreferredPairCorr
  0.91CPXZX Cohen Steers PreferredPairCorr
  0.91CPXFX Cohen Steers PreferredPairCorr
  0.87NPSAX Nuveen Preferred SecPairCorr
  0.87NPSCX Nuveen Preferred SecPairCorr
  0.89PPSJX Preferred SecuritiesPairCorr
  0.79ETV Eaton Vance TaxPairCorr
  0.68CLM Cornerstone StrategicPairCorr
  0.71CRF Cornerstone Total ReturnPairCorr
  0.64USA Liberty All StarPairCorr
  0.92NFJ Virtus Dividend InterestPairCorr
  0.64BSVSX Baird Smallcap ValuePairCorr
  0.85TRRGX T Rowe PricePairCorr
  0.91JQLMX Multimanager LifestylePairCorr
  0.8QCSOX Q3 All SeasonPairCorr
  0.95QTELX Aqr Tm EmergingPairCorr
  0.61LIMAX Lateef Focused GrowthPairCorr
  0.81GAMPX Goldman Sachs MlpPairCorr
  0.72RSGFX Victory Rs SelectPairCorr
  0.83PHYZX Prudential High YieldPairCorr
  0.92JABPX John Hancock FundsPairCorr
  0.77DNREX Dunham Real EstatePairCorr
  0.83VHCOX Vanguard Capital OppPairCorr
  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.69DGFYX Davis GlobalPairCorr
  0.88GPIIX Grandeur Peak InternPairCorr
  0.71WIIBX Westcore Plus BondPairCorr

Moving against Ancora Mutual Fund

  0.69IIF Morgan Stanley IndiaPairCorr
  0.37IFN India ClosedPairCorr

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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