Americafirst Income Correlations

AFPUX Fund

USD 4.91 0.07 1.41%

The current 90-days correlation between Americafirst Income and Americafirst Large Cap is 0.12 (i.e., Average diversification). The correlation of Americafirst Income 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.

Americafirst Income Correlation With Market

Very poor diversification

The correlation between Americafirst Income Fund 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 Americafirst Income Fund 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 Americafirst Income Fund. 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 employment.

Moving together with Americafirst Mutual Fund

0.85	SBQAX	Americafirst Large Cap	Pair Corr
0.88	SBQIX	Americafirst Large Cap	Pair Corr
0.85	SBQUX	Americafirst Large Cap	Pair Corr
0.87	ABRUX	Americafirst Monthly	Pair Corr
0.87	ABRWX	Americafirst Tactical	Pair Corr
0.87	ABRFX	Americafirst Tactical	Pair Corr
1.0	AFPIX	Americafirst Income	Pair Corr
1.0	AFPAX	Americafirst Income	Pair Corr
0.91	FFIFX	American Funds	Pair Corr
0.91	FAIFX	American Funds	Pair Corr
0.93	IFACX	Income Fund	Pair Corr
0.91	IFAFX	Income Fund	Pair Corr
0.94	AMECX	Income Fund	Pair Corr
0.93	RIDBX	Income Fund	Pair Corr
0.94	CIMEX	Income Fund	Pair Corr
0.94	RIDFX	Income Fund	Pair Corr
0.93	CIMCX	Income Fund	Pair Corr
0.94	CIMFX	Income Fund	Pair Corr
0.77	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.79	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.77	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.71	LETRX	Voya Russia Fund	Pair Corr
0.77	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.77	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.75	KINCX	Kinetics Internet	Pair Corr
0.79	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.78	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.84	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.78	SGPGX	Sgi Prudent Growth	Pair Corr
0.93	THLCX	Thrivent Large Cap	Pair Corr
0.88	PSGLX	Strategic Asset Mana	Pair Corr
0.94	MIGYX	Oppenheimer Main Street	Pair Corr
0.69	GAB	Gabelli Equity Trust	Pair Corr
0.94	FCNKX	Fidelity Trafund Class	Pair Corr
0.74	BKPSX	Banks Ultrasector Profund Steady Growth	Pair Corr

Related Correlations Analysis

	SBQAX	SBQIX	SBQUX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	DGQUX
SBQAX		0.97	1.0	0.93	0.93	0.93	0.87	0.87	-0.4	SBQAX
SBQIX	0.97		0.97	0.96	0.96	0.96	0.89	0.89	-0.4	SBQIX
SBQUX	1.0	0.97		0.93	0.93	0.93	0.87	0.86	-0.4	SBQUX
ABRUX	0.93	0.96	0.93		1.0	1.0	0.88	0.88	-0.38	ABRUX
ABRWX	0.93	0.96	0.93	1.0		1.0	0.88	0.88	-0.38	ABRWX
ABRFX	0.93	0.96	0.93	1.0	1.0		0.88	0.88	-0.38	ABRFX
AFPIX	0.87	0.89	0.87	0.88	0.88	0.88		1.0	-0.13	AFPIX
AFPAX	0.87	0.89	0.86	0.88	0.88	0.88	1.0		-0.12	AFPAX
DGQUX	-0.4	-0.4	-0.4	-0.38	-0.38	-0.38	-0.13	-0.12		DGQUX
	SBQAX	SBQIX	SBQUX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	DGQUX

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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

SBQUX	+ 1.0	SBQAX
ABRWX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRWX
AFPAX	+ 1.0	AFPIX
SBQIX	+ 0.97	SBQAX

High negative correlations

DGQUX	- 0.4	SBQUX
DGQUX	- 0.4	SBQIX
DGQUX	- 0.4	SBQAX
DGQUX	- 0.38	ABRFX
DGQUX	- 0.38	ABRWX
DGQUX	- 0.38	ABRUX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Income 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 Americafirst Income'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
SBQAX	0.63	0.14	0.03	14.32	0.62	(0.78)	1.41	(1.11)	4.87
SBQIX	0.64	0.03	0.03	0.14	0.64	(0.76)	1.36	(1.13)	4.96
SBQUX	0.64	0.14	0.03	70.71	0.66	(0.76)	1.35	(1.15)	4.89
ABRUX	0.90	0.08	0.09	0.19	0.88	(1.04)	2.14	(1.83)	5.42
ABRWX	0.90	0.09	0.10	0.19	0.88	(1.05)	2.19	(1.82)	5.40
ABRFX	0.90	0.08	0.09	0.19	0.88	(1.05)	2.18	(1.78)	5.38
AFPIX	0.53	(0.02)	(0.06)	0.09	0.56	(0.59)	1.02	(1.02)	3.82
AFPAX	0.52	(0.02)	(0.06)	0.09	0.54	(0.62)	1.09	(1.08)	3.70
DGQUX	0.31	(0.04)	0.00	(0.05)	0.00	0.00	0.63	(0.75)	2.13

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