Acrex Correlations

ACREX Fund

11.47 0.17 1.50%

The current 90-days correlation between Acrex and Growth Allocation Fund is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Acrex and DJI is 0.24 (i.e., Modest 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

0.69	VGSIX	Vanguard Reit Index	Pair Corr
0.72	VGSLX	Vanguard Reit Index	Pair Corr
0.68	VGSNX	Vanguard Reit Index	Pair Corr
0.69	DFREX	Dfa Real Estate	Pair Corr
0.7	CSCIX	Cohen Steers Real	Pair Corr
0.69	CSEIX	Cohen Steers Real	Pair Corr
0.7	CSDIX	Cohen Steers Real	Pair Corr
0.68	VRTPX	Vanguard Reit Ii	Pair Corr
0.69	CSRIX	Cohen And Steers	Pair Corr
0.72	PIREX	Real Estate Securities	Pair Corr
0.77	JHBCX	Jhancock Blue Chip	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr

Moving against Acrex Mutual Fund

0.7	TTP	Tortoise Pipeline And	Pair Corr
0.65	NTG	Tortoise Mlp Closed	Pair Corr
0.57	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	GGRYX	VGIAX	HSUAX	PIGDX	TEGAX	TRBCX
GGRYX		0.7	0.53	0.88	0.79	0.42	GGRYX
VGIAX	0.7		0.9	0.38	0.82	0.92	VGIAX
HSUAX	0.53	0.9		0.26	0.64	0.92	HSUAX
PIGDX	0.88	0.38	0.26		0.53	0.13	PIGDX
TEGAX	0.79	0.82	0.64	0.53		0.59	TEGAX
TRBCX	0.42	0.92	0.92	0.13	0.59		TRBCX
	GGRYX	VGIAX	HSUAX	PIGDX	TEGAX	TRBCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GGRYX	0.42	0.00	(0.07)	0.07	0.58	(0.47)	0.86	(0.76)	3.17
VGIAX	0.68	0.04	0.00	0.17	1.00	(0.68)	1.29	(1.60)	6.04
HSUAX	0.70	0.14	0.08	0.48	0.88	(0.75)	1.31	(1.20)	6.61
PIGDX	0.61	(0.03)	(0.08)	(0.02)	0.86	(0.58)	0.95	(1.26)	3.41
TEGAX	1.03	0.09	0.04	0.22	1.28	(1.05)	2.17	(1.83)	7.72
TRBCX	0.89	0.07	0.02	0.27	1.07	(0.96)	1.78	(2.18)	5.70

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