Api Multi Correlations

Mutual Funds . USA . 
Fund . Api Multi Asset Income
AFFCX Fund  USD 7.82  0.02  0.26%   
The current 90-days correlation between Api Multi Asset and Credit Suisse Multialternative is 0.33 (i.e., Weak diversification). The correlation of Api Multi 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.

Api Multi Correlation With Market

Poor diversification

The correlation between Api Multi Asset Income and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Multi Asset Income 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 Api Multi Asset Income. 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 unemployment.

Moving together with Api Mutual Fund

  0.91PONAX Pimco IncomePairCorr
  0.92PONCX Pimco IncomePairCorr
  0.9PIPNX Pimco IncomePairCorr
  0.91PONRX Pimco IncomePairCorr
  0.9PONPX Pimco Incme FundPairCorr
  0.9PIINX Pimco IncomePairCorr
  0.9PIMIX Pimco IncomePairCorr
  0.94LBNDX Lord Abbett BondPairCorr
  0.93FSTAX Fidelity Advisor StrPairCorr
  0.92FSRIX Fidelity Advisor StrPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.84SPGSX State Street PremierPairCorr
  0.8KF Korea ClosedPairCorr
  0.88MHESX Mh Elite SelectPairCorr
  0.84CREMX Redwood Real EstatePairCorr
  0.88IEYAX Ivy Energy FundPairCorr
  0.87BVAOX Broadview OpportunityPairCorr
  0.91SFBPX Great-west SecurefoundationPairCorr
  0.85ARRFX Amg River RoadPairCorr
  0.67PLAAX Pace Large GrowthPairCorr
  0.93CLBAX American BalancedPairCorr
  0.94ISWSX Voya Solution IncomePairCorr
  0.66DBLSX Doubleline Low DurationPairCorr
  0.84SNWCX Snow Capital SmallPairCorr
  0.91RFNCX American Funds FundaPairCorr
  0.8SDGFX Sdit Short DurationPairCorr
  0.85SMDIX Hartford SchrodersPairCorr
  0.83TWCGX Growth Fund InvestorPairCorr
  0.77CHCGX Chesapeake GrowthPairCorr
  0.7DEMSX Emerging Markets SmallPairCorr
  0.78VTROX Voya Target RetirementPairCorr
  0.84CUSDX Six Circles UltraPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Multi 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 Api Multi'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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