Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Select
AFVZX Fund  USD 23.67  0.26  1.11%   
The current 90-days correlation between Applied Finance Select and Applied Finance Explorer is 0.83 (i.e., Very poor diversification). The correlation of Applied Finance 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.

Applied Finance Correlation With Market

Almost no diversification

The correlation between Applied Finance Select and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Finance Select 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 Applied Finance Select. 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 nation.

Moving together with Applied Mutual Fund

  0.92AFALX Applied Finance CorePairCorr
  0.92AFAZX Applied Finance CorePairCorr
  0.87AFDVX Applied Finance ExplorerPairCorr
  0.87AFDZX Applied Finance ExplorerPairCorr
  1.0AFVLX Applied Finance SelectPairCorr
  0.94VVIAX Vanguard Value IndexPairCorr
  0.84DOXGX Dodge Cox StockPairCorr
  0.95AFMFX American MutualPairCorr
  0.95FFMMX American Funds AmericanPairCorr
  0.95FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.84DODGX Dodge Stock FundPairCorr
  0.94VIVAX Vanguard Value IndexPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.78RQECX Resq Dynamic AllocationPairCorr
  0.86LLPFX Longleaf PartnersPairCorr
  0.91FBALX Fidelity BalancedPairCorr
  0.83SCRYX Small Cap CorePairCorr
  0.81FEMDX Franklin Emerging MarketPairCorr
  0.8RIV Rivernorth OpportunitiesPairCorr
  0.84LTFOX Lord Abbett AffiliatedPairCorr
  0.77GAB Gabelli Equity TrustPairCorr
  0.82GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.75XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.86HD Home DepotPairCorr

Moving against Applied Mutual Fund

  0.59BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.5MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.38KO Coca Cola Aggressive PushPairCorr
  0.31PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Applied Mutual Fund performing well and Applied Finance 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 Applied Finance'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY