Asg Managed Correlations

AMFNX Fund

USD 8.89 0.05 0.57%

The current 90-days correlation between Asg Managed Futures and Extended Market Index is 0.58 (i.e., Very weak diversification). The correlation of Asg Managed 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.

Asg Managed Correlation With Market

Very weak diversification

The correlation between Asg Managed Futures and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asg Managed Futures 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 Asg Managed Futures. 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 board of governors.

Moving together with Asg Mutual Fund

1.0	AMFAX	Asg Managed Futures	Pair Corr
0.72	LGANX	Loomis Sayles Limited	Pair Corr
0.85	LGBCX	Loomis Sayles Investment	Pair Corr
0.85	LGBNX	Loomis Sayles Investment	Pair Corr
0.85	LIGAX	Loomis Sayles Investment	Pair Corr
0.85	LIGRX	Loomis Sayles Investment	Pair Corr
0.65	NRFAX	Aew Real Estate	Pair Corr
0.64	NRFYX	Aew Real Estate	Pair Corr

Moving against Asg Mutual Fund

0.57	NOANX	Natixis Oakmark	Pair Corr
0.55	GCPAX	Gateway Equity Call	Pair Corr
0.55	GCPCX	Gateway Equity Call	Pair Corr
0.55	GCPNX	Gateway Equity Call	Pair Corr
0.55	GCPYX	Gateway Equity Call	Pair Corr
0.5	LGRCX	Loomis Sayles Growth	Pair Corr
0.5	LGRNX	Loomis Sayles Growth	Pair Corr
0.5	LGRRX	Loomis Sayles Growth	Pair Corr
0.52	VNVCX	Vaughan Nelson Value	Pair Corr
0.52	VNVAX	Vaughan Nelson Value	Pair Corr
0.52	VNVNX	Vaughan Nelson Value	Pair Corr
0.52	VNVYX	Vaughan Nelson Value	Pair Corr
0.43	VNSYX	Vaughan Nelson Select	Pair Corr
0.42	VNSAX	Vaughan Nelson Select	Pair Corr
0.42	VNSNX	Vaughan Nelson Select	Pair Corr
0.41	VNSCX	Vaughan Nelson Select	Pair Corr
0.34	NSFLX	Natixis Sustainable	Pair Corr
0.56	NECOX	Natixis Oakmark	Pair Corr
0.55	NECCX	Natixis Equity Oppor	Pair Corr

Related Correlations Analysis

	USMIX	QLERX	LAIXX	APDOX	DBELX	QMNIX
USMIX		0.85	0.26	0.82	-0.5	0.71	USMIX
QLERX	0.85		0.38	0.74	-0.62	0.96	QLERX
LAIXX	0.26	0.38		0.58	-0.07	0.4	LAIXX
APDOX	0.82	0.74	0.58		-0.31	0.58	APDOX
DBELX	-0.5	-0.62	-0.07	-0.31		-0.65	DBELX
QMNIX	0.71	0.96	0.4	0.58	-0.65		QMNIX
	USMIX	QLERX	LAIXX	APDOX	DBELX	QMNIX

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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

QMNIX	+ 0.96	QLERX
QLERX	+ 0.85	USMIX
APDOX	+ 0.82	USMIX
APDOX	+ 0.74	QLERX
QMNIX	+ 0.71	USMIX
APDOX	+ 0.58	LAIXX

High negative correlations

QMNIX	- 0.65	DBELX
DBELX	- 0.62	QLERX
DBELX	- 0.5	USMIX
DBELX	- 0.31	APDOX
DBELX	- 0.07	LAIXX

Risk-Adjusted Indicators

There is a big difference between Asg Mutual Fund performing well and Asg Managed 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 Asg Managed'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
USMIX	0.78	0.01	0.04	0.11	0.77	(0.90)	1.80	(1.40)	5.72
QLERX	0.30	0.09	(0.03)	(1.74)	0.14	(0.37)	0.75	(0.61)	2.22
LAIXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
APDOX	0.14	0.03	(0.42)	6.01	0.00	(0.21)	0.39	(0.19)	0.78
DBELX	0.34	(0.07)	0.00	(0.79)	0.00	0.00	0.68	(0.68)	1.97
QMNIX	0.26	0.08	(0.06)	(1.30)	0.15	(0.31)	0.70	(0.40)	1.91

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