Archer Multi Correlations

ALSMX Fund

USD 15.51 0.09 0.58%

The current 90-days correlation between Archer Multi Cap and Bbh Partner Fund is 0.61 (i.e., Poor diversification). The correlation of Archer Multi 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.

Archer Multi Correlation With Market

Very poor diversification

The correlation between Archer Multi Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Multi Cap 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 Archer Multi Cap. 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 population.

Moving together with Archer Mutual Fund

0.8	ARCHX	Archer Balanced	Pair Corr
0.78	ARDGX	Archer Dividend Growth	Pair Corr
0.71	ARSKX	Archer Stock	Pair Corr
0.92	AFOCX	Archer Focus	Pair Corr
0.96	VIMAX	Vanguard Mid Cap	Pair Corr
0.96	VIMSX	Vanguard Mid Cap	Pair Corr
0.96	VMCPX	Vanguard Mid Cap	Pair Corr
0.96	VMCIX	Vanguard Mid Cap	Pair Corr
0.94	VEXAX	Vanguard Extended Market	Pair Corr
0.94	VEMPX	Vanguard Extended Market	Pair Corr
0.94	VIEIX	Vanguard Extended Market	Pair Corr
0.94	VSEMX	Vanguard Extended Market	Pair Corr
0.94	VEXMX	Vanguard Extended Market	Pair Corr
0.94	FSMAX	Fidelity Extended Market	Pair Corr
0.82	FTCAX	Templeton Strained Bond	Pair Corr
0.79	PYAIX	Payden Absolute Return	Pair Corr
0.79	PYARX	Payden Absolute Return	Pair Corr
0.81	BCAAX	Brandywineglobal C	Pair Corr
0.9	VASGX	Vanguard Lifestrategy	Pair Corr
0.91	WCPSX	Mobile Telecommunicatio	Pair Corr
0.73	EOD	Allspring Global Dividend	Pair Corr
0.97	RYMDX	Mid Cap 15x Steady Growth	Pair Corr
0.88	DFMGX	Df Dent Midcap	Pair Corr
0.94	ILESX	Fisher Investments	Pair Corr
0.93	VIGAX	Vanguard Growth Index	Pair Corr
0.71	JRI	Nuveen Real Asset	Pair Corr
0.78	FAIGX	Fidelity Advisor Balanced	Pair Corr
0.93	CSQ	Calamos Strategic Total	Pair Corr
0.97	FBALX	Fidelity Balanced	Pair Corr
0.94	AMGOX	Alger Mid Cap	Pair Corr
0.97	VEXRX	Vanguard Explorer	Pair Corr
0.95	VFTAX	Vanguard Ftse Social	Pair Corr
0.89	AMVYX	Mid Cap Value	Pair Corr

Moving against Archer Mutual Fund

0.93	USPSX	Profunds Ultrashort	Pair Corr
0.93	USPIX	Profunds Ultrashort	Pair Corr
0.98	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	BBHLX	FALCX	LMUSX	CPUCX	LTFXX	MFTFX	VOLMX
BBHLX		0.0	-0.16	0.52	-0.16	0.38	-0.19	BBHLX
FALCX	0.0		0.0	0.0	0.0	0.0	0.0	FALCX
LMUSX	-0.16	0.0		-0.71	0.21	-0.46	0.99	LMUSX
CPUCX	0.52	0.0	-0.71		-0.02	0.75	-0.73	CPUCX
LTFXX	-0.16	0.0	0.21	-0.02		-0.26	0.22	LTFXX
MFTFX	0.38	0.0	-0.46	0.75	-0.26		-0.5	MFTFX
VOLMX	-0.19	0.0	0.99	-0.73	0.22	-0.5		VOLMX
	BBHLX	FALCX	LMUSX	CPUCX	LTFXX	MFTFX	VOLMX

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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

VOLMX	+ 0.99	LMUSX
MFTFX	+ 0.75	CPUCX
CPUCX	+ 0.52	BBHLX
MFTFX	+ 0.38	BBHLX
VOLMX	+ 0.22	LTFXX
LTFXX	+ 0.21	LMUSX

High negative correlations

VOLMX	- 0.73	CPUCX
CPUCX	- 0.71	LMUSX
VOLMX	- 0.5	MFTFX
MFTFX	- 0.46	LMUSX
MFTFX	- 0.26	LTFXX
VOLMX	- 0.19	BBHLX

Risk-Adjusted Indicators

There is a big difference between Archer Mutual Fund performing well and Archer Multi 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 Archer Multi'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
BBHLX	0.64	(0.10)	0.00	(0.06)	0.00	0.00	1.41	(1.28)	3.65
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LMUSX	0.61	0.02	0.02	0.14	0.73	(0.70)	1.28	(1.49)	4.08
CPUCX	0.25	(0.02)	0.00	0.46	0.00	0.00	0.44	(0.54)	1.29
LTFXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
VOLMX	0.61	0.00	0.00	0.12	0.59	(0.71)	1.14	(1.35)	4.49

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