Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Explorer
AFDZX Fund  USD 24.70  0.38  1.56%   
The current 90-days correlation between Applied Finance Explorer and Applied Finance Core 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 Explorer 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 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

  0.91AFALX Applied Finance CorePairCorr
  0.91AFAZX Applied Finance CorePairCorr
  1.0AFDVX Applied Finance ExplorerPairCorr
  0.87AFVZX Applied Finance SelectPairCorr
  0.87AFVLX Applied Finance SelectPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.94UBVCX Undiscovered ManagersPairCorr
  0.94UBVAX Undiscovered ManagersPairCorr
  0.94UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.82KMKCX Kinetics Market Oppo Downward RallyPairCorr
  0.83KNPAX Kinetics Paradigm Downward RallyPairCorr
  0.83LSHCX Horizon Spin Off Downward RallyPairCorr
  0.83KNPYX Kinetics Paradigm Downward RallyPairCorr
  0.83KNPCX Kinetics Paradigm Downward RallyPairCorr
  0.83LSHUX Horizon Spin Off Downward RallyPairCorr
  0.74SMPSX Semiconductor UltrasectorPairCorr
  0.83WWNPX Kinetics Paradigm Downward RallyPairCorr
  0.82KMKAX Kinetics Market Oppo Downward RallyPairCorr
  0.93VBIAX Vanguard Balanced IndexPairCorr
  0.83ATAGX Anchor Risk ManagedPairCorr
  0.65FIUIX Fidelity Telecom AndPairCorr
  0.98VTMSX Vanguard Tax ManagedPairCorr
  0.86FSLBX Brokerage And InvestmentPairCorr
  0.88JDCAX Janus Forty FundPairCorr
  0.89FFIDX Fidelity Fund FidelityPairCorr
  0.88JHEQX Jpmorgan Hedged EquityPairCorr
  0.91FMILX Fidelity New MillenniumPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.95SECIX Guggenheim Large CapPairCorr
  0.97MSVVX Mesirow Financial SmallPairCorr
  0.97VSMAX Vanguard Small CapPairCorr

Related Correlations Analysis

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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.

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