Acrex Correlations

Mutual Funds . USA . 
Fund . Acrex
ACREX Fund   11.12  0.09  0.80%   
The current 90-days correlation between Acrex and Lord Abbett Small is 0.16 (i.e., Average diversification). The correlation of Acrex 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.

Acrex Correlation With Market

Average diversification

The correlation between Acrex and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acrex 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 Acrex. 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 income.

Moving together with Acrex Mutual Fund

  0.62VGSIX Vanguard Reit IndexPairCorr
  0.63VGSLX Vanguard Reit IndexPairCorr
  0.63VGSNX Vanguard Reit IndexPairCorr
  0.72DFREX Dfa Real EstatePairCorr
  0.74CSCIX Cohen Steers RealPairCorr
  0.73CSEIX Cohen Steers RealPairCorr
  0.75CSDIX Cohen Steers RealPairCorr
  0.63VRTPX Vanguard Reit IiPairCorr
  0.72CSRIX Cohen And SteersPairCorr
  0.67PIREX Real Estate SecuritiesPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr

Moving against Acrex Mutual Fund

  0.72SPMPX Invesco Steelpath MlpPairCorr
  0.72MLPNX Oppenheimer Steelpath MlpPairCorr
  0.51COGVX Cognios Large CapPairCorr
  0.93PSDSX Palmer Square UltraPairCorr
  0.87HGOSX Hartford GrowthPairCorr
  0.87HGOFX Hartford GrowthPairCorr
  0.81AFOZX Alger Funds MidPairCorr
  0.79DTGRX Dreyfus Technology GrowthPairCorr
  0.79BXFYX Barings Global FloatingPairCorr
  0.76CFNDX Cargile FundPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.75EGRSX Eaton Vance GlobalPairCorr
  0.74MLXIX Catalyst Mlp Infrast Steady GrowthPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.73CADVX Calamos Dividend GrowthPairCorr
  0.72SPMJX Invesco Steelpath MlpPairCorr
  0.71MLPMX Oppenheimer Steelpath MlpPairCorr
  0.7URUSX Ultra Short TermPairCorr
  0.7SSMKX State Street SmallmidPairCorr
  0.57PAGRX Aggressive Growth Steady GrowthPairCorr
  0.9PSHAX Short Term FundPairCorr
  0.88LGLUX L Abbett GrowthPairCorr
  0.88PIPPX Midcap GrowthPairCorr
  0.87HGORX Hartford GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Acrex Mutual Fund performing well and Acrex 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 Acrex'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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