Absolute Capital Correlations

ACMDX Fund

USD 11.11 0.03 0.27%

The current 90-days correlation between Absolute Capital Defender and Omni Small Cap Value is 0.43 (i.e., Very weak 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

Poor diversification

The correlation between Absolute Capital Defender and DJI is 0.65 (i.e., Poor 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 american community survey.

Moving together with Absolute Mutual Fund

0.79	AAMIX	Absolute Capital Asset	Pair Corr
0.62	AAMAX	Absolute Capital Asset	Pair Corr
0.85	AAMCX	Absolute Capital Asset	Pair Corr
1.0	ACMIX	Absolute Capital Defender	Pair Corr
0.81	ACMAX	Absolute Capital Defender	Pair Corr
0.61	RMQCX	Monthly Rebalance	Pair Corr
0.67	ONERX	One Rock Fund	Pair Corr

Moving against Absolute Mutual Fund

0.57	SMPSX	Semiconductor Ultrasector	Pair Corr
0.55	RMQAX	Monthly Rebalance	Pair Corr
0.47	SMPIX	Semiconductor Ultrasector	Pair Corr
0.65	ARDMX	One Choice 2040	Pair Corr
0.48	RMQHX	Monthly Rebalance	Pair Corr
0.47	VGIAX	Vanguard Growth And	Pair Corr
0.47	VQNPX	Vanguard Growth And	Pair Corr
0.46	UOPIX	Ultra Nasdaq 100	Pair Corr
0.44	RRTCX	T Rowe Price	Pair Corr
0.43	TEAF	Ecofin Sustainable And	Pair Corr
0.39	GAOTX	Jpmorgan Global Allo	Pair Corr
0.31	WRGCX	Ivy Small Cap	Pair Corr

Related Correlations Analysis

	BOSVX	STARX	PATFX	GMLVX	CIPMX	GGFRX	OPTCX
BOSVX		0.8	0.32	0.48	0.93	0.87	0.9	BOSVX
STARX	0.8		0.27	0.71	0.69	0.88	0.88	STARX
PATFX	0.32	0.27		0.54	0.22	0.34	0.38	PATFX
GMLVX	0.48	0.71	0.54		0.46	0.68	0.51	GMLVX
CIPMX	0.93	0.69	0.22	0.46		0.87	0.72	CIPMX
GGFRX	0.87	0.88	0.34	0.68	0.87		0.83	GGFRX
OPTCX	0.9	0.88	0.38	0.51	0.72	0.83		OPTCX
	BOSVX	STARX	PATFX	GMLVX	CIPMX	GGFRX	OPTCX

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
BOSVX	1.00	0.20	0.17	0.27	0.75	(1.17)	2.20	(1.44)	8.85
STARX	0.41	(0.02)	(0.07)	0.06	0.55	(0.41)	0.79	(0.85)	2.08
PATFX	0.09	0.02	(0.46)	(1.65)	0.00	(0.13)	0.27	(0.18)	0.72
GMLVX	0.71	0.02	0.00	0.12	0.77	(0.85)	1.59	(1.05)	4.16
CIPMX	1.04	0.32	0.34	0.82	0.32	(1.43)	1.68	(1.22)	22.87
GGFRX	0.65	0.05	0.04	0.14	0.72	(0.74)	1.43	(1.17)	6.65
OPTCX	0.16	(0.01)	(0.28)	0.05	0.13	(0.21)	0.40	(0.40)	1.01

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