Anfield Universal Correlations

AFLKX Fund

USD 8.70 0.03 0.34%

The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Average diversification

The correlation between Anfield Universal Fixed and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed 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 Anfield Universal Fixed. 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 industry.

Moving together with Anfield Mutual Fund

0.99	AFLEX	Anfield Universal Fixed	Pair Corr
0.89	GSSDX	Goldman Sachs Short	Pair Corr
0.91	TSDDX	Touchstone Funds	Pair Corr
0.71	DNFRX	Dunham Floating Rate	Pair Corr

Moving against Anfield Mutual Fund

0.42	IFN	India Closed	Pair Corr
0.37	LTSEX	Principal Lifetime 2035	Pair Corr

Related Correlations Analysis

	HEWXX	RMBLX	GCFSX	BXSL	FIKBX	QCMMIX
HEWXX		0.0	0.0	0.0	0.0	0.0	HEWXX
RMBLX	0.0		0.7	-0.42	0.92	-0.57	RMBLX
GCFSX	0.0	0.7		0.16	0.88	0.02	GCFSX
BXSL	0.0	-0.42	0.16		-0.17	0.93	BXSL
FIKBX	0.0	0.92	0.88	-0.17		-0.31	FIKBX
QCMMIX	0.0	-0.57	0.02	0.93	-0.31		QCMMIX
	HEWXX	RMBLX	GCFSX	BXSL	FIKBX	QCMMIX

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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

QCMMIX	+ 0.93	BXSL
FIKBX	+ 0.92	RMBLX
FIKBX	+ 0.88	GCFSX
GCFSX	+ 0.7	RMBLX
BXSL	+ 0.16	GCFSX
QCMMIX	+ 0.02	GCFSX

High negative correlations

QCMMIX	- 0.57	RMBLX
BXSL	- 0.42	RMBLX
QCMMIX	- 0.31	FIKBX
FIKBX	- 0.17	BXSL
QCMMIX	- 0.0	HEWXX
FIKBX	- 0.0	HEWXX

Risk-Adjusted Indicators

There is a big difference between Anfield Mutual Fund performing well and Anfield Universal 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 Anfield Universal'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
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBLX	1.20	0.09	0.05	0.21	1.31	(1.42)	2.20	(2.07)	15.68
GCFSX	0.62	0.07	0.04	0.21	0.73	(0.72)	1.50	(1.23)	6.27
BXSL	0.72	0.19	0.16	1.00	0.58	(0.83)	1.47	(1.03)	4.08
FIKBX	0.83	0.10	0.06	0.27	0.97	(0.92)	1.66	(1.95)	11.21
QCMMIX	0.02	0.01	0.00	(4.65)	0.00	0.00	0.03	0.00	0.03

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