Applied Finance Correlations

AFDZX Fund

USD 24.55 0.00 0.00%

The current 90-days correlation between Applied Finance Explorer and Angel Oak Multi Strategy is 0.04 (i.e., Significant 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

Almost no diversification

The correlation between Applied Finance Explorer and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Finance Explorer 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 Explorer. 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

0.89	AFALX	Applied Finance Core	Pair Corr
0.89	AFAZX	Applied Finance Core	Pair Corr
0.98	AFDVX	Applied Finance Explorer	Pair Corr
0.94	AFVZX	Applied Finance Select Potential Growth	Pair Corr
0.89	AFVLX	Applied Finance Select	Pair Corr
0.94	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.91	DFSVX	Us Small Cap	Pair Corr
0.92	DFFVX	Us Targeted Value	Pair Corr
0.93	VSMCX	Invesco Small Cap	Pair Corr
0.97	VSCAX	Invesco Small Cap	Pair Corr
0.93	UBVCX	Undiscovered Managers	Pair Corr
0.95	UBVAX	Undiscovered Managers	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.93	VTIAX	Vanguard Total Inter	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.71	VBTLX	Vanguard Total Bond	Pair Corr
0.84	HMXAX	Alphacentric Hedged	Pair Corr
0.97	TWSMX	Strategic Allocation	Pair Corr
0.93	TEDPX	Tiaa Cref Emerging	Pair Corr
0.66	PBDCX	Investment Grade Porate	Pair Corr
0.93	RNEBX	New World Fund	Pair Corr
0.61	EBSFX	Eubel Brady Suttman	Pair Corr
0.76	GCFUX	Goldman Sachs E	Pair Corr
0.76	SAGCX	Clearbridge Aggressive	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.92	FEGIX	First Eagle Gold	Pair Corr
0.63	FREEX	Franklin Real Estate	Pair Corr
0.96	ALFRX	Lord Abbett Alpha	Pair Corr
0.84	AAASX	Deutsche Real Assets	Pair Corr
0.71	MLOAX	Cohen Steers Mlp	Pair Corr
0.87	FEMKX	Fidelity Emerging Markets	Pair Corr

Related Correlations Analysis

	ABNTX	ABPYX	LCSAX	DODEX	ANGCX
ABNTX		-0.23	0.55	0.83	0.86	ABNTX
ABPYX	-0.23		-0.19	-0.18	-0.2	ABPYX
LCSAX	0.55	-0.19		0.5	0.47	LCSAX
DODEX	0.83	-0.18	0.5		0.89	DODEX
ANGCX	0.86	-0.2	0.47	0.89		ANGCX
	ABNTX	ABPYX	LCSAX	DODEX	ANGCX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ANGCX	+ 0.89	DODEX
ANGCX	+ 0.86	ABNTX
DODEX	+ 0.83	ABNTX
LCSAX	+ 0.55	ABNTX
DODEX	+ 0.5	LCSAX
ANGCX	+ 0.47	LCSAX

High negative correlations

ABPYX	- 0.23	ABNTX
ANGCX	- 0.2	ABPYX
LCSAX	- 0.19	ABPYX
DODEX	- 0.18	ABPYX

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
ABNTX	0.08	0.00	(0.34)	(0.34)	0.02	(0.11)	0.10	(0.19)	0.39
ABPYX	0.40	(0.06)	0.00	(0.08)	0.00	0.00	0.70	(1.10)	2.36
LCSAX	0.43	0.01	(0.05)	0.12	0.66	(0.42)	0.94	(0.93)	4.23
DODEX	0.57	0.15	0.19	0.32	0.37	(0.63)	1.42	(1.21)	3.26
ANGCX	0.07	0.01	(0.23)	1.59	0.00	(0.15)	0.12	(0.12)	0.58

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC