Api Short Correlations

Mutual Funds . USA . 
Fund . Api Short Term
AFMMX Fund  USD 3.51  0.02  0.57%   
The current 90-days correlation between Api Short Term and Copeland Smid Cap is -0.01 (i.e., Good diversification). The correlation of Api Short 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 Short Correlation With Market

Poor diversification

The correlation between Api Short Term and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Short Term 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 Short Term. 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 Api Mutual Fund

  0.65APGRX Api Growth FundPairCorr
  0.95APIBX Api Short TermPairCorr
  0.88APIUX Api Multi AssetPairCorr
  0.7APITX Api Growth FundPairCorr
  0.89APIMX Api Short TermPairCorr
  0.93APIIX Api Multi AssetPairCorr
  0.92AFFIX Api Multi AssetPairCorr
  0.84AFFCX Api Multi AssetPairCorr
  0.7AFGGX Api Growth FundPairCorr
  0.9VBIRX Vanguard Short TermPairCorr
  0.86VFSUX Vanguard Short TermPairCorr
  0.86VFSIX Vanguard Short TermPairCorr
  0.86VFSTX Vanguard Short TermPairCorr
  0.87VBITX Vanguard Short TermPairCorr
  0.86VBISX Vanguard Short TermPairCorr
  0.96VSCSX Vanguard Short TermPairCorr
  0.81LALDX Lord Abbett ShortPairCorr
  0.86LDLAX Lord Abbett ShortPairCorr
  0.87LDLRX Lord Abbett ShortPairCorr
  0.74FSKAX Fidelity Total MarketPairCorr
  0.77WLIVX Wcm Focused InternationalPairCorr
  0.8SPGRX Deutsche Multi AssetPairCorr
  0.67BIIPX Blackrock Short TermPairCorr
  0.79FSHIX Federated Short-intermediaPairCorr
  0.66JACRX James Alpha GlobalPairCorr
  0.82FBHTX American Funds 2045PairCorr
  0.77STPCX Technology CommunicationsPairCorr
  0.8RIVSX River Oak DiscoveryPairCorr
  0.76JGIRX Jpmorgan Intrepid GrowthPairCorr
  0.62CDWCX American Funds DevelopingPairCorr
  0.84EAFVX Eaton Vance ValPairCorr
  0.81TIQRX Tiaa Cref EquityPairCorr
  0.8AIFRX Alpine Global InfrasPairCorr
  0.63CWBCX Capital World BondPairCorr
  0.84SWYAX Schwab Target 2010PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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