Access Capital Correlations

ACASX Fund

USD 7.93 0.02 0.25%

The current 90-days correlation between Access Capital Munity and Rbc Funds Trust is 0.12 (i.e., Average diversification). The correlation of Access Capital 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.

Access Capital Correlation With Market

Very poor diversification

The correlation between Access Capital Munity and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Capital Munity 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 Access Capital Munity. 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 producer price index.

Moving together with Access Mutual Fund

0.87	RREMX	Rbc Emerging Markets	Pair Corr
0.81	RSMRX	Rbc Smid Cap	Pair Corr
0.72	RBCIX	Rbc China Equity	Pair Corr
0.72	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.93	RBESX	Rbc Bluebay Emerging	Pair Corr
0.93	RBERX	Rbc Bluebay Emerging	Pair Corr
0.9	RBIAX	Rbc Funds Trust	Pair Corr
0.89	RBSIX	Rbc Funds Trust	Pair Corr
0.89	RBSRX	Rbc Bluebay Strategic	Pair Corr
0.71	RCEAX	Riversource Series Trust	Pair Corr
0.93	RCPAX	Rbc Bluebay Core	Pair Corr
0.98	RCPIX	Rbc Funds Trust	Pair Corr
0.98	RCPRX	Rbc Bluebay Core	Pair Corr
0.88	RULFX	Rbc Ultra Short	Pair Corr
0.99	ACATX	Alger Capital Apprec	Pair Corr
0.86	RUSIX	Rbc Ultra Short	Pair Corr
0.99	ACCSX	Access Capital Munity	Pair Corr
0.8	TMCAX	Rbc Smid Cap	Pair Corr
0.81	TMCIX	Rbc Smid Cap	Pair Corr
0.87	RECAX	Rbc Bluebay Emerging	Pair Corr
0.87	RECIX	Rbc Emerging Markets	Pair Corr
0.87	RECRX	Rbc Emerging Markets	Pair Corr
0.87	REEAX	Rbc Emerging Markets	Pair Corr
0.87	REEIX	Rbc Emerging Markets	Pair Corr
0.86	REMVX	Rbc Emerging Markets	Pair Corr
0.93	RESAX	Rbc Bluebay Emerging	Pair Corr
0.86	REVAX	Rbc Funds Trust	Pair Corr
0.92	RGHYX	Rbc Bluebay Global	Pair Corr
0.74	RGOIX	Rbc Global Opportunities	Pair Corr
0.76	RGORX	Rbc Global Opportunities	Pair Corr
0.74	RGPAX	Rbc Global Opportunities	Pair Corr
0.93	RHYAX	Rbc Bluebay Global	Pair Corr
0.66	RIBAX	Rbc Impact Bond	Pair Corr
0.73	RIBIX	Rbc Impact Bond	Pair Corr
0.71	RIBRX	Rbc Impact Bond	Pair Corr
0.74	RIBYX	Rbc Impact Bond	Pair Corr
0.84	RIEAX	Rbc International Equity	Pair Corr

Moving against Access Mutual Fund

0.44	RSHFX	Rbc Short Duration	Pair Corr
0.4	RSDIX	Rbc Short Duration	Pair Corr

Related Correlations Analysis

	RREMX	RSDIX	RSHFX	RSMRX	RBCIX	RBCRX	RBESX	RBERX	RBIAX	RBSIX
RREMX		-0.42	-0.46	0.87	0.93	0.93	0.95	0.95	0.93	0.92	RREMX
RSDIX	-0.42		1.0	-0.04	-0.36	-0.36	-0.45	-0.45	-0.32	-0.3	RSDIX
RSHFX	-0.46	1.0		-0.09	-0.41	-0.41	-0.48	-0.48	-0.36	-0.34	RSHFX
RSMRX	0.87	-0.04	-0.09		0.79	0.79	0.83	0.84	0.87	0.88	RSMRX
RBCIX	0.93	-0.36	-0.41	0.79		1.0	0.81	0.81	0.81	0.8	RBCIX
RBCRX	0.93	-0.36	-0.41	0.79	1.0		0.81	0.81	0.81	0.8	RBCRX
RBESX	0.95	-0.45	-0.48	0.83	0.81	0.81		1.0	0.96	0.96	RBESX
RBERX	0.95	-0.45	-0.48	0.84	0.81	0.81	1.0		0.96	0.95	RBERX
RBIAX	0.93	-0.32	-0.36	0.87	0.81	0.81	0.96	0.96		1.0	RBIAX
RBSIX	0.92	-0.3	-0.34	0.88	0.8	0.8	0.96	0.95	1.0		RBSIX
	RREMX	RSDIX	RSHFX	RSMRX	RBCIX	RBCRX	RBESX	RBERX	RBIAX	RBSIX

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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

RSHFX	+ 1.0	RSDIX
RBCRX	+ 1.0	RBCIX
RBERX	+ 1.0	RBESX
RBSIX	+ 1.0	RBIAX
RBIAX	+ 0.96	RBESX
RBSIX	+ 0.96	RBESX

High negative correlations

RBERX	- 0.48	RSHFX
RBESX	- 0.48	RSHFX
RSHFX	- 0.46	RREMX
RBERX	- 0.45	RSDIX
RBESX	- 0.45	RSDIX
RSDIX	- 0.42	RREMX

Risk-Adjusted Indicators

There is a big difference between Access Mutual Fund performing well and Access Capital 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 Access Capital'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
RREMX	0.67	0.15	0.15	0.28	0.56	(0.79)	1.82	(1.31)	3.97
RSDIX	0.09	(0.02)	0.00	0.53	0.00	0.00	0.11	(0.21)	1.56
RSHFX	0.10	(0.02)	0.00	0.37	0.00	0.00	0.11	(0.11)	1.56
RSMRX	0.95	0.13	0.16	0.18	0.64	(1.24)	2.52	(1.36)	11.40
RBCIX	0.81	0.01	(0.02)	0.09	0.97	(0.86)	1.67	(1.58)	4.94
RBCRX	0.82	0.01	(0.02)	0.09	0.98	(0.87)	1.67	(1.58)	4.94
RBESX	0.14	0.06	0.01	0.63	0.00	(0.23)	0.44	(0.22)	1.23
RBERX	0.14	0.06	0.01	0.71	0.00	(0.21)	0.34	(0.22)	1.22
RBIAX	0.07	0.02	(0.34)	(4.57)	0.00	(0.10)	0.10	(0.10)	0.30
RBSIX	0.07	0.00	(0.36)	0.00	0.00	(0.12)	0.20	(0.10)	0.40

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