Akre Focus Correlations

AKRSX Fund

USD 74.02 0.51 0.69%

The current 90-days correlation between Akre Focus Fund and Osterweis Strategic Income is 0.53 (i.e., Very weak diversification). The correlation of Akre Focus 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.

Akre Focus Correlation With Market

Very poor diversification

The correlation between Akre Focus Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akre Focus 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 Akre Focus 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 state.

Moving together with Akre Mutual Fund

1.0	AKRIX	Akre Focus Fund	Pair Corr
1.0	AKREX	Akre Focus Fund	Pair Corr
0.76	FAFGX	American Funds	Pair Corr
0.76	FFAFX	American Funds	Pair Corr
0.75	GFACX	Growth Fund	Pair Corr
0.82	GFAFX	Growth Fund	Pair Corr
0.82	AGTHX	Growth Fund	Pair Corr
0.82	CGFFX	Growth Fund	Pair Corr
0.75	CGFCX	Growth Fund	Pair Corr
0.76	CGFAX	Growth Fund	Pair Corr
0.82	CGFEX	Growth Fund	Pair Corr
0.82	RGAEX	Growth Fund	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr
0.84	VFFSX	Vanguard 500 Index	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VINIX	Vanguard Institutional	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.75	FSLBX	Brokerage And Investment	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.81	FPURX	Fidelity Puritan	Pair Corr
0.67	RYVYX	Nasdaq 100 2x	Pair Corr
0.72	PAHHX	T Rowe Price	Pair Corr
0.88	VDAFX	Dynamic Allocation	Pair Corr
0.77	USPRX	Sp 500 Index	Pair Corr
0.82	FCYIX	Industrials Portfolio	Pair Corr
0.77	VTHRX	Vanguard Target Reti	Pair Corr
0.74	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.79	VWELX	Vanguard Wellington	Pair Corr
0.83	VNSNX	Vaughan Nelson Select	Pair Corr
0.78	LTFOX	Lord Abbett Affiliated	Pair Corr
0.71	FSUTX	Utilities Portfolio	Pair Corr
0.64	VWEHX	Vanguard High Yield	Pair Corr
0.84	INDEX	Sp 500 Equal	Pair Corr
0.82	RWSIX	Redwood Systematic Macro	Pair Corr

Related Correlations Analysis

	OSTIX	DLSNX	DLTNX	POGRX	VDIGX
OSTIX		0.46	-0.61	0.86	0.07	OSTIX
DLSNX	0.46		0.38	0.14	0.56	DLSNX
DLTNX	-0.61	0.38		-0.72	0.46	DLTNX
POGRX	0.86	0.14	-0.72		0.04	POGRX
VDIGX	0.07	0.56	0.46	0.04		VDIGX
	OSTIX	DLSNX	DLTNX	POGRX	VDIGX

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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

POGRX	+ 0.86	OSTIX
VDIGX	+ 0.56	DLSNX
DLSNX	+ 0.46	OSTIX
VDIGX	+ 0.46	DLTNX
DLTNX	+ 0.38	DLSNX
POGRX	+ 0.14	DLSNX

High negative correlations

POGRX	- 0.72	DLTNX
DLTNX	- 0.61	OSTIX

Risk-Adjusted Indicators

There is a big difference between Akre Mutual Fund performing well and Akre Focus 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 Akre Focus' 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
OSTIX	0.06	0.01	(0.92)	0.47	0.00	(0.11)	0.18	(0.09)	0.36
DLSNX	0.05	0.00	(0.86)	(0.20)	0.00	(0.11)	0.10	(0.10)	0.52
DLTNX	0.22	(0.05)	0.00	(0.66)	0.00	0.00	0.45	(0.45)	1.45
POGRX	0.72	(0.03)	(0.03)	0.09	0.81	(0.74)	1.41	(1.64)	4.55
VDIGX	0.45	(0.05)	(0.20)	0.03	0.49	(0.48)	0.82	(0.78)	2.20

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