Archer Multi Correlations

ALSMX Fund

USD 16.43 0.13 0.80%

The current 90-days correlation between Archer Multi Cap and Fidelity Capital Income is 0.59 (i.e., Very weak 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 0.89 (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 state.

Moving together with Archer Mutual Fund

0.98	ARCHX	Archer Balanced	Pair Corr
0.89	ARDGX	Archer Dividend Growth	Pair Corr
0.93	ARINX	Archer Income	Pair Corr
0.96	ARSKX	Archer Stock	Pair Corr
0.92	AFOCX	Archer Focus	Pair Corr
0.88	VIMAX	Vanguard Mid Cap	Pair Corr
0.88	VIMSX	Vanguard Mid Cap	Pair Corr
0.88	VMCPX	Vanguard Mid Cap	Pair Corr
0.88	VMCIX	Vanguard Mid Cap	Pair Corr
0.8	VEXAX	Vanguard Extended Market	Pair Corr
0.8	VEMPX	Vanguard Extended Market	Pair Corr
0.8	VIEIX	Vanguard Extended Market	Pair Corr
0.84	VSEMX	Vanguard Extended Market	Pair Corr
0.8	VEXMX	Vanguard Extended Market	Pair Corr
0.93	FSMDX	Fidelity Mid Cap	Pair Corr
0.88	PFN	Pimco Income Strategy	Pair Corr
0.94	FESMX	First Eagle Smid	Pair Corr
0.82	TWUSX	Short Term Government	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.82	FHIIX	Federated High Income	Pair Corr
0.77	FCNTX	Fidelity Contrafund	Pair Corr
0.95	FEBCX	First Eagle Global	Pair Corr
0.92	EMLCX	Mfs Emerging Markets	Pair Corr
0.72	BFAFX	Bond Fund	Pair Corr
0.96	BALFX	American Balanced	Pair Corr
0.84	RYKIX	Banking Fund Investor	Pair Corr
0.89	FSSNX	Fidelity Small Cap	Pair Corr
0.77	RGAFX	Growth Fund	Pair Corr
0.92	TADGX	T Rowe Price	Pair Corr
0.95	RHFTX	American Funds 2035	Pair Corr
0.93	SPGEX	Symmetry Panoramic Global	Pair Corr
0.98	GCIGX	Gamco International	Pair Corr

Moving against Archer Mutual Fund

0.52

NXJ

Nuveen New Jersey

Pair Corr

Related Correlations Analysis

	DAHYX	AHYMX	FHYIX	LHYOX	TAHYX	RHYTX	PHDTX	FAGIX
DAHYX		0.88	0.86	0.96	0.97	0.8	0.98	0.96	DAHYX
AHYMX	0.88		0.89	0.88	0.93	0.81	0.9	0.86	AHYMX
FHYIX	0.86	0.89		0.79	0.89	0.97	0.88	0.83	FHYIX
LHYOX	0.96	0.88	0.79		0.97	0.71	0.96	0.96	LHYOX
TAHYX	0.97	0.93	0.89	0.97		0.82	0.99	0.97	TAHYX
RHYTX	0.8	0.81	0.97	0.71	0.82		0.81	0.77	RHYTX
PHDTX	0.98	0.9	0.88	0.96	0.99	0.81		0.97	PHDTX
FAGIX	0.96	0.86	0.83	0.96	0.97	0.77	0.97		FAGIX
	DAHYX	AHYMX	FHYIX	LHYOX	TAHYX	RHYTX	PHDTX	FAGIX

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
DAHYX	0.10	0.01	(0.27)	0.19	0.00	(0.15)	0.23	(0.23)	0.46
AHYMX	0.09	0.01	(0.25)	1.31	0.00	(0.17)	0.22	(0.11)	0.67
FHYIX	0.09	0.02	(0.21)	0.82	0.00	(0.14)	0.22	(0.22)	0.66
LHYOX	0.13	0.01	(0.20)	0.17	0.00	(0.21)	0.16	(0.16)	1.11
TAHYX	0.11	0.02	(0.23)	0.34	0.00	(0.18)	0.23	(0.23)	0.80
RHYTX	0.07	0.01	(0.23)	0.37	0.00	(0.13)	0.21	(0.10)	0.72
PHDTX	0.07	0.02	(0.26)	0.34	0.00	(0.13)	0.22	(0.11)	0.33
FAGIX	0.29	0.02	(0.05)	0.14	0.28	(0.32)	0.56	(0.64)	1.46

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