Absolute Capital Correlations

ACMAX Fund

USD 11.80 0.08 0.68%

The current 90-days correlation between Absolute Capital Defender and Locorr Dynamic Equity is -0.1 (i.e., Good diversification). The correlation of Absolute 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.

Absolute Capital Correlation With Market

Almost no diversification

The correlation between Absolute Capital Defender and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Defender 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 Absolute Capital Defender. 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 nation.

Moving together with Absolute Mutual Fund

0.99	AAMIX	Absolute Capital Asset	Pair Corr
0.99	AAMAX	Absolute Capital Asset	Pair Corr
0.99	AAMCX	Absolute Capital Asset	Pair Corr
1.0	ACMIX	Absolute Capital Defender	Pair Corr
1.0	ACMDX	Absolute Capital Defender	Pair Corr
0.88	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.88	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.88	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.9	EGLAX	Eagle Mlp Strategy	Pair Corr
0.95	VSEQX	Vanguard Strategic Equity	Pair Corr
0.95	FZROX	Fidelity Zero Total	Pair Corr
0.71	SHYIX	Guggenheim High Yield	Pair Corr
0.95	ARDEX	Amg River Road	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.97	LMORX	Miller Opportunity Trust	Pair Corr
0.98	DLCIX	Dana Large Cap	Pair Corr
0.98	AMONX	Aqr Large Cap	Pair Corr
0.95	CICVX	Calamos Vertible	Pair Corr
0.96	VEIRX	Vanguard Equity Income	Pair Corr
0.98	LMISX	Qs Large Cap	Pair Corr
0.92	VIGAX	Vanguard Growth Index	Pair Corr
0.93	MGDNX	Mainstay Moderate Growth	Pair Corr

Moving against Absolute Mutual Fund

0.49	PAUPX	Pimco All Asset	Pair Corr
0.42	PAUIX	Pimco All Asset	Pair Corr

Related Correlations Analysis

	LEQCX	APDNX	DIVHX	FLDFX	MFIRX	RGELX
LEQCX		0.92	0.76	0.83	0.19	0.89	LEQCX
APDNX	0.92		0.84	0.89	0.32	0.89	APDNX
DIVHX	0.76	0.84		0.84	0.52	0.93	DIVHX
FLDFX	0.83	0.89	0.84		0.3	0.9	FLDFX
MFIRX	0.19	0.32	0.52	0.3		0.4	MFIRX
RGELX	0.89	0.89	0.93	0.9	0.4		RGELX
	LEQCX	APDNX	DIVHX	FLDFX	MFIRX	RGELX

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Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute 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 Absolute 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
LEQCX	0.39	0.07	(0.06)	(0.60)	0.37	(0.46)	0.90	(0.73)	2.38
APDNX	0.54	0.06	(0.06)	(0.52)	0.49	(0.65)	1.17	(0.99)	3.41
DIVHX	0.47	0.07	(0.03)	(3.18)	0.37	(0.55)	1.03	(0.74)	2.83
FLDFX	0.44	0.02	(0.12)	(0.51)	0.53	(0.48)	0.85	(0.98)	2.83
MFIRX	0.10	0.01	(0.35)	0.30	0.00	(0.23)	0.19	(0.19)	0.76
RGELX	0.58	0.07	(0.03)	(1.35)	0.62	(0.70)	1.31	(1.29)	3.60

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