Americafirst Monthly Correlations

ABRUX Fund

USD 14.79 0.09 0.61%

The current 90-days correlation between Americafirst Monthly and Putnam Retirement Advantage is 0.8 (i.e., Very poor diversification). The correlation of Americafirst Monthly 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.

Americafirst Monthly Correlation With Market

Average diversification

The correlation between Americafirst Monthly Risk On and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Monthly Risk On 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 Americafirst Monthly Risk On. 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 employment.

Moving together with Americafirst Mutual Fund

0.68	SBQAX	Americafirst Large Cap	Pair Corr
0.69	SBQIX	Americafirst Large Cap	Pair Corr
0.66	SBQUX	Americafirst Large Cap	Pair Corr
1.0	ABRWX	Americafirst Tactical	Pair Corr
0.91	ABRFX	Americafirst Tactical	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.88	LACCX	Lord Abbett Vertible	Pair Corr
0.76	CUSBX	Columbia Ultra Short	Pair Corr
0.86	IIXIX	Catalyst Insider Income	Pair Corr
0.66	DAMDX	Dunham Monthly Distr	Pair Corr
0.7	UASBX	Short Term Bond	Pair Corr
0.68	CEARX	Columbia Acorn	Pair Corr
0.83	SCFFX	Shenkman Short Duration	Pair Corr

Moving against Americafirst Mutual Fund

0.34	DGQAX	Americafirst Defensive	Pair Corr
0.33	DGQUX	Americafirst Defensive	Pair Corr
0.33	DGQIX	Americafirst Defensive	Pair Corr
0.53	VTIAX	Vanguard Total Inter	Pair Corr
0.49	VGTSX	Vanguard Total Inter	Pair Corr
0.36	ABRIX	Invesco Balanced Risk	Pair Corr

Related Correlations Analysis

	PAKJX	TCTZX	SBMCX	TSMLX	JLMOX	CMATX	WBRMEX	QCGLRX
PAKJX		0.92	0.84	0.9	0.87	0.87	0.83	0.96	PAKJX
TCTZX	0.92		0.89	0.98	0.98	0.86	0.83	0.89	TCTZX
SBMCX	0.84	0.89		0.88	0.92	0.8	0.92	0.75	SBMCX
TSMLX	0.9	0.98	0.88		0.98	0.83	0.78	0.85	TSMLX
JLMOX	0.87	0.98	0.92	0.98		0.83	0.83	0.8	JLMOX
CMATX	0.87	0.86	0.8	0.83	0.83		0.78	0.83	CMATX
WBRMEX	0.83	0.83	0.92	0.78	0.83	0.78		0.78	WBRMEX
QCGLRX	0.96	0.89	0.75	0.85	0.8	0.83	0.78		QCGLRX
	PAKJX	TCTZX	SBMCX	TSMLX	JLMOX	CMATX	WBRMEX	QCGLRX

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Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Monthly 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 Americafirst Monthly'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
PAKJX	0.54	(0.01)	0.00	(0.04)	0.00	0.00	1.10	(1.51)	4.53
TCTZX	0.27	(0.02)	0.00	(0.14)	0.00	0.00	0.61	(0.61)	1.95
SBMCX	0.48	(0.01)	0.00	(0.05)	0.00	0.00	0.90	(0.91)	3.77
TSMLX	0.35	(0.03)	0.00	(0.13)	0.00	0.00	0.60	(0.67)	2.67
JLMOX	0.28	(0.02)	0.00	(0.14)	0.00	0.00	0.64	(0.64)	2.20
CMATX	0.38	0.00	0.00	(0.06)	0.53	(0.49)	0.97	(1.05)	3.48
WBRMEX	0.70	0.03	0.03	0.05	0.95	(0.71)	1.45	(1.19)	7.98
QCGLRX	0.55	0.00	0.00	(0.01)	0.86	(0.51)	1.01	(1.31)	4.41

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