Akre Focus Correlations

Mutual Funds USA . 
Fund . Akre Focus Fund
AKRSX Fund  USD 69.31  0.41  0.60%   
The current 90-days correlation between Akre Focus Fund and Akre Focus Fund is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Akre Focus Fund and DJI is 0.35 (i.e., Weak 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

  1.0AKRIX Akre Focus FundPairCorr
  1.0AKREX Akre Focus FundPairCorr
  0.74FAFGX American FundsPairCorr
  0.74FFAFX American FundsPairCorr
  0.78GFACX Growth FundPairCorr
  0.75GFAFX Growth FundPairCorr
  0.75CGFFX Growth FundPairCorr
  0.78CGFCX Growth FundPairCorr
  0.75CGFAX Growth FundPairCorr
  0.75CGFEX Growth FundPairCorr
  0.75RGAEX Growth FundPairCorr
  0.61SMPSX Semiconductor UltrasectorPairCorr
  0.77RSNYX Victory Global NaturalPairCorr
  0.77RSNRX Victory Global NaturalPairCorr
  0.79RMQAX Monthly RebalancePairCorr
  0.78RMQHX Monthly RebalancePairCorr
  0.71VMCIX Vanguard Mid CapPairCorr

Moving against Akre Mutual Fund

  0.62AQMRX Aqr Managed FuturesPairCorr
  0.54VMFXX Vanguard Federal MoneyPairCorr
  0.53QMNRX Aqr Equity MarketPairCorr
  0.32HGOSX Hartford GrowthPairCorr
  0.56LFMAX Locorr Macro StrategiesPairCorr
  0.55LUBAX Lord Abbett UltraPairCorr

Related Correlations Analysis

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