Applied Finance Correlations

AFAZX Fund

USD 12.62 0.12 0.96%

The current 90-days correlation between Applied Finance Core and Applied Finance Explorer is 0.85 (i.e., Very poor diversification). The correlation of Applied Finance 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.

Applied Finance Correlation With Market

Very poor diversification

The correlation between Applied Finance Core and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Finance Core 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 Applied Finance Core. 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 Applied Mutual Fund

1.0	AFALX	Applied Finance Core	Pair Corr
0.91	AFDVX	Applied Finance Explorer	Pair Corr
0.91	AFDZX	Applied Finance Explorer	Pair Corr
0.92	AFVZX	Applied Finance Select	Pair Corr
0.92	AFVLX	Applied Finance Select	Pair Corr
0.99	VVIAX	Vanguard Value Index	Pair Corr
0.96	DOXGX	Dodge Cox Stock	Pair Corr
0.94	AFMFX	American Mutual	Pair Corr
0.94	FFMMX	American Funds American	Pair Corr
0.94	FFFMX	American Funds American	Pair Corr
0.94	AMRMX	American Mutual	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.87	RQECX	Resq Dynamic Allocation	Pair Corr
0.93	LLPFX	Longleaf Partners	Pair Corr
0.94	FBALX	Fidelity Balanced	Pair Corr
0.88	SCRYX	Small Cap Core	Pair Corr
0.86	FEMDX	Franklin Emerging Market	Pair Corr
0.75	RIV	Rivernorth Opportunities	Pair Corr
0.96	LTFOX	Lord Abbett Affiliated	Pair Corr
0.84	GAB	Gabelli Equity Trust	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	T	ATT Inc Sell-off Trend	Pair Corr
0.82	HD	Home Depot	Pair Corr

Moving against Applied Mutual Fund

0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.51	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	AFDVX	NESGX	BCSVX	TSCSX
AFDVX		0.83	0.29	0.98	AFDVX
NESGX	0.83		0.42	0.83	NESGX
BCSVX	0.29	0.42		0.21	BCSVX
TSCSX	0.98	0.83	0.21		TSCSX
	AFDVX	NESGX	BCSVX	TSCSX

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Risk-Adjusted Indicators

There is a big difference between Applied Mutual Fund performing well and Applied Finance 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 Applied Finance'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
AFDVX	0.86	(0.03)	0.02	0.10	0.79	(1.06)	1.94	(1.39)	6.80
NESGX	1.28	(0.13)	(0.03)	0.04	1.43	(1.49)	2.90	(2.51)	8.09
BCSVX	0.62	(0.05)	(0.18)	0.00	0.64	(0.74)	1.73	(0.99)	3.74
TSCSX	0.77	(0.03)	0.01	0.10	0.74	(0.84)	1.91	(1.36)	6.22

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