Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Core
AFAZX Fund  USD 13.38  0.08  0.60%   
The current 90-days correlation between Applied Finance Core and Fpa Queens Road is -0.01 (i.e., Good 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 0.87 (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

  0.96AFALX Applied Finance CorePairCorr
  0.89AFDVX Applied Finance ExplorerPairCorr
  0.91AFDZX Applied Finance ExplorerPairCorr
  0.87AFVZX Applied Finance SelectPairCorr
  0.86AFVLX Applied Finance SelectPairCorr
  0.95VVIAX Vanguard Value IndexPairCorr
  0.87AWSHX Washington MutualPairCorr
  0.86WSHCX Washington MutualPairCorr
  0.86WSHFX Washington MutualPairCorr
  0.86FWWMX American Funds WashingtonPairCorr
  0.86FWMMX American Funds WashingtonPairCorr
  0.88DODGX Dodge Stock FundPairCorr
  0.89AMFFX American MutualPairCorr
  0.89AMFCX American MutualPairCorr
  0.78NHS Neuberger Berman HighPairCorr
  0.86VPCCX Vanguard PrimecapPairCorr
  0.88MCONX Praxis Genesis ServativePairCorr
  0.88RPFDX T Rowe PricePairCorr
  0.63HGHAX The Hartford HealthcarePairCorr
  0.95VEVCX Victory Sycamore EstPairCorr
  0.87RCPRX Rbc Bluebay CorePairCorr
  0.87TRRTX T Rowe PricePairCorr
  0.84RISIX Royce InternationalPairCorr
  0.84SIHPX Guggenheim High YieldPairCorr
  0.87USRTX Horizon Defensive EquityPairCorr
  0.88TRZOX T Rowe PricePairCorr
  0.86VOLMX Volumetric Fund VoluPairCorr
  0.84UAPIX Ultrasmall Cap ProfundPairCorr
  0.89LPRDX Blackrock LifepathPairCorr
  0.82ARDVX One Choice 2040PairCorr
  0.82PWTYX Ubs AllocationPairCorr
  0.83FSELX Fidelity Select Semi Steady GrowthPairCorr
  0.91JRLLX Retirement Living ThroughPairCorr
  0.91DHIAX Diamond Hill InternaPairCorr
  0.9ORTYX Aquila Tax FreePairCorr
  0.93GSXPX Goldman Sachs SmallPairCorr
  0.91JITLX Jpmorgan Smartretirement*PairCorr
  0.89BSCCX Sterling Capital SouthPairCorr

Moving against Applied Mutual Fund

  0.33AMRMX American MutualPairCorr

Related Correlations Analysis


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.

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