Applied Finance Correlations

AFDZX Fund

USD 24.11 0.07 0.29%

The current 90-days correlation between Applied Finance Explorer and Praxis Genesis Growth is -0.05 (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

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

0.92	AFALX	Applied Finance Core	Pair Corr
0.92	AFAZX	Applied Finance Core	Pair Corr
0.97	AFDVX	Applied Finance Explorer	Pair Corr
0.97	AFVZX	Applied Finance Select	Pair Corr
0.93	AFVLX	Applied Finance Select	Pair Corr
0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.97	VISVX	Vanguard Small Cap	Pair Corr
0.95	DFSVX	Us Small Cap	Pair Corr
0.96	DFFVX	Us Targeted Value	Pair Corr
0.94	UBVCX	Undiscovered Managers	Pair Corr
0.93	UBVAX	Undiscovered Managers	Pair Corr
0.95	UBVSX	Undiscovered Managers	Pair Corr
0.92	VSMCX	Invesco Small Cap	Pair Corr
0.85	SMPSX	Semiconductor Ultrasector	Pair Corr
0.81	SMPIX	Semiconductor Ultrasector	Pair Corr
0.92	RSNYX	Victory Global Natural	Pair Corr
0.91	RSNRX	Victory Global Natural	Pair Corr
0.71	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.71	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.92	RGNCX	Victory Global Natural	Pair Corr
0.71	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	FELAX	Fidelity Advisor Sem	Pair Corr
0.94	RLBCX	American Balanced	Pair Corr
0.81	DILAX	Davis International	Pair Corr
0.96	TLYIX	Tiaa Cref Lifecycle	Pair Corr
0.93	PSHNX	Penn Capital Defensive	Pair Corr
0.69	MSPYX	Blackrock Pa Muni	Pair Corr
0.92	ONGIX	Jpmorgan Investor Growth	Pair Corr
0.8	SRMCX	Deutsche Short Term	Pair Corr
0.71	RCWEX	Capital World Bond	Pair Corr
0.89	DREVX	Dreyfus Fund	Pair Corr
0.84	PSAIX	Pimco Global Advantage	Pair Corr
0.89	HDGCX	Hartford Dividend	Pair Corr
0.9	BERHX	Carillon Chartwell Real	Pair Corr
0.78	TGLSX	Tcw Total Return	Pair Corr
0.9	XBDJX	Blackrock Enhanced	Pair Corr
0.86	SLASX	Selected American Shares	Pair Corr

Related Correlations Analysis

	GGRYX	CHASX	EIPFX	SRGAX	EIPIX	PQUAX	CDGCX	MGAFX
GGRYX		0.96	0.82	0.79	0.82	0.9	0.81	0.9	GGRYX
CHASX	0.96		0.85	0.82	0.85	0.91	0.85	0.92	CHASX
EIPFX	0.82	0.85		0.83	1.0	0.92	0.89	0.92	EIPFX
SRGAX	0.79	0.82	0.83		0.83	0.86	0.97	0.91	SRGAX
EIPIX	0.82	0.85	1.0	0.83		0.92	0.89	0.92	EIPIX
PQUAX	0.9	0.91	0.92	0.86	0.92		0.88	0.97	PQUAX
CDGCX	0.81	0.85	0.89	0.97	0.89	0.88		0.92	CDGCX
MGAFX	0.9	0.92	0.92	0.91	0.92	0.97	0.92		MGAFX
	GGRYX	CHASX	EIPFX	SRGAX	EIPIX	PQUAX	CDGCX	MGAFX

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
GGRYX	0.53	0.12	0.14	0.25	0.33	(0.62)	0.91	(0.96)	8.85
CHASX	1.03	0.22	0.16	0.30	1.01	(1.15)	1.95	(1.70)	12.57
EIPFX	0.73	0.30	0.34	6.54	0.00	(0.93)	1.16	(0.86)	15.51
SRGAX	0.55	0.11	0.06	1.52	0.59	(0.62)	0.91	(1.12)	6.63
EIPIX	0.73	0.30	0.33	7.33	0.00	(0.93)	1.13	(0.86)	15.53
PQUAX	1.00	0.14	0.07	0.98	1.07	(1.14)	1.92	(1.77)	9.66
CDGCX	0.51	0.07	0.06	0.20	0.43	(0.61)	1.01	(0.96)	6.40
MGAFX	0.48	0.09	0.05	1.22	0.43	(0.53)	1.00	(0.95)	4.38

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Applied Finance Correlations

Applied Finance Correlation With Market

Almost no diversification

Moving together with Applied Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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