Api Multi Correlations

AFFIX Fund

USD 8.00 0.01 0.13%

The current 90-days correlation between Api Multi Asset and Ab E Opportunities is -0.13 (i.e., Good 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

Very poor diversification

The correlation between Api Multi Asset Income and DJI is 0.81 (i.e., Very 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 gross domestic product.

Moving together with Api Mutual Fund

0.93	PONAX	Pimco Income	Pair Corr
0.94	PONCX	Pimco Income	Pair Corr
0.93	PIPNX	Pimco Income	Pair Corr
0.82	PONRX	Pimco Income	Pair Corr
0.94	PONPX	Pimco Incme Fund	Pair Corr
0.93	PIINX	Pimco Income	Pair Corr
0.93	PIMIX	Pimco Income	Pair Corr
0.95	LBNDX	Lord Abbett Bond	Pair Corr
0.87	FSTAX	Fidelity Advisor Str	Pair Corr
0.93	FSRIX	Fidelity Advisor Str	Pair Corr
0.73	NHS	Neuberger Berman High	Pair Corr
0.73	FONPX	Tributary Nebraska Tax	Pair Corr
0.82	LMISX	Qs Large Cap	Pair Corr
0.84	INPFX	American Funds Income	Pair Corr
0.77	EMSLX	Shelton Emerging Markets	Pair Corr
0.71	JGMNX	Janus Triton	Pair Corr
0.71	STABX	Pioneer Short Term	Pair Corr
0.64	IRGIX	Vy Clarion Global	Pair Corr
0.74	SAPYX	Clearbridge Appreciation	Pair Corr
0.63	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.69	INTC	Intel Aggressive Push	Pair Corr

Moving against Api Mutual Fund

0.43	MSFT	Microsoft	Pair Corr
0.37	MMM	3M Company	Pair Corr

Related Correlations Analysis

	GUSTX	TBLDX	USCAX	FDBLX	OPTCX	ADGAX
GUSTX		0.86	0.86	0.62	0.88	0.78	GUSTX
TBLDX	0.86		0.91	0.82	0.95	0.83	TBLDX
USCAX	0.86	0.91		0.73	0.96	0.95	USCAX
FDBLX	0.62	0.82	0.73		0.82	0.65	FDBLX
OPTCX	0.88	0.95	0.96	0.82		0.87	OPTCX
ADGAX	0.78	0.83	0.95	0.65	0.87		ADGAX
	GUSTX	TBLDX	USCAX	FDBLX	OPTCX	ADGAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GUSTX	0.03	0.01	0.00	(1.16)	0.00	0.00	0.00	0.00	0.40
TBLDX	0.29	0.02	(0.01)	0.09	0.32	(0.32)	0.67	(0.57)	1.76
USCAX	0.86	0.18	0.17	0.23	0.73	(1.03)	2.07	(1.87)	7.96
FDBLX	0.13	(0.01)	0.00	(0.20)	0.00	0.00	0.24	(0.24)	0.71
OPTCX	0.13	0.01	(0.14)	0.08	0.00	(0.20)	0.30	(0.20)	1.00
ADGAX	0.85	0.27	0.24	(1.03)	0.49	(0.94)	1.03	(1.35)	21.27

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