Ancora Microcap Correlations

ANCIX Fund

USD 15.87 0.02 0.13%

The current 90-days correlation between Ancora Microcap and Harbor Large Cap is 0.03 (i.e., Significant diversification). The correlation of Ancora Microcap 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.

Ancora Microcap Correlation With Market

Almost no diversification

The correlation between Ancora Microcap Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ancora Microcap 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 Ancora Microcap 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 gross domestic product.

Moving together with Ancora Mutual Fund

0.87	AAIIX	Ancora Income	Pair Corr
0.96	AATSX	Ancora/thelen Small-mid	Pair Corr
0.98	AATIX	Ancora/thelen Small-mid	Pair Corr
0.87	ADEIX	Proxy Voting Where	Pair Corr
0.94	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.93	DFSVX	Us Small Cap	Pair Corr
0.94	DFFVX	Us Targeted Value	Pair Corr
0.89	VSMCX	Invesco Small Cap	Pair Corr
0.94	VSCAX	Invesco Small Cap	Pair Corr
0.93	UBVCX	Undiscovered Managers	Pair Corr
0.94	UBVAX	Undiscovered Managers	Pair Corr
0.81	PDI	Pimco Dynamic Income	Pair Corr
0.88	CPGAX	American Funds Global	Pair Corr
0.96	HMVAX	Hartford Mid Cap	Pair Corr
0.94	VIMSX	Vanguard Mid Cap	Pair Corr
0.88	AMDVX	Mid Cap Value	Pair Corr
0.72	RYVLX	Nasdaq 100 2x	Pair Corr
0.87	GCEYX	Ab Global E	Pair Corr
0.92	HCVFX	The Hartford Servative	Pair Corr
0.95	FESOX	First Eagle Overseas	Pair Corr
0.9	RFFTX	American Funds 2035	Pair Corr
0.86	HBARX	Hartford Moderate	Pair Corr
0.93	RNCCX	American Funds Income	Pair Corr
0.92	RYDHX	Dow Jones Industrial	Pair Corr
0.68	UVAIX	Usaa Virginia Bond	Pair Corr
0.86	DIFFX	Mfs Diversified Income	Pair Corr
0.84	PCGLX	Pace International Fixed	Pair Corr
0.84	BIGUX	Baron Intl Growth	Pair Corr

Moving against Ancora Mutual Fund

0.79	TCTGX	Transamerica Cleartrack	Pair Corr
0.79	TDKTX	Cleartrack 2015 Class	Pair Corr
0.79	TCTJX	Transamerica Cleartrack	Pair Corr
0.78	TCSUX	Cleartrack 2020 Class	Pair Corr
0.31	USPSX	Profunds Ultrashort	Pair Corr
0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.81	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	LMUSX	OWLSX	DOXGX	SEGIX	JAAIX	PLHTX	TFCCX	HNLVX
LMUSX		0.89	0.93	0.82	0.74	0.9	0.81	0.91	LMUSX
OWLSX	0.89		0.93	0.85	0.89	0.93	0.86	0.85	OWLSX
DOXGX	0.93	0.93		0.88	0.86	0.93	0.91	0.91	DOXGX
SEGIX	0.82	0.85	0.88		0.84	0.92	0.82	0.92	SEGIX
JAAIX	0.74	0.89	0.86	0.84		0.9	0.91	0.83	JAAIX
PLHTX	0.9	0.93	0.93	0.92	0.9		0.91	0.95	PLHTX
TFCCX	0.81	0.86	0.91	0.82	0.91	0.91		0.85	TFCCX
HNLVX	0.91	0.85	0.91	0.92	0.83	0.95	0.85		HNLVX
	LMUSX	OWLSX	DOXGX	SEGIX	JAAIX	PLHTX	TFCCX	HNLVX

Risk-Adjusted Indicators

There is a big difference between Ancora Mutual Fund performing well and Ancora Microcap 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 Ancora Microcap'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
LMUSX	0.62	0.02	0.01	0.07	0.78	(0.63)	1.14	(1.57)	4.94
OWLSX	0.52	0.00	(0.02)	0.04	0.69	(0.56)	0.96	(1.26)	3.29
DOXGX	0.60	0.03	0.04	0.08	0.62	(0.64)	1.39	(1.05)	3.64
SEGIX	0.86	0.28	0.41	0.45	0.00	(1.17)	1.27	(1.07)	20.56
JAAIX	0.21	0.03	0.00	0.20	0.05	(0.24)	0.36	(0.36)	0.94
PLHTX	0.58	0.09	0.07	3.39	0.63	(0.63)	1.21	(1.36)	5.21
TFCCX	0.58	0.15	0.13	(3.84)	0.52	(0.63)	1.29	(1.06)	5.20
HNLVX	1.02	0.42	0.59	0.50	0.00	(1.22)	1.29	(0.97)	26.68

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