Api Short Correlations

APIMX Fund

USD 3.93 0.01 0.26%

The current 90-days correlation between Api Short Term and Blackrock Conservative Prprdptfinstttnl is 0.3 (i.e., Weak diversification). The correlation of Api Short 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.

Api Short Correlation With Market

Very poor diversification

The correlation between Api Short Term and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Short Term 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 Api Short Term. 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 Api Mutual Fund

0.79	APGRX	Api Growth Fund	Pair Corr
0.88	APIBX	Api Short Term	Pair Corr
0.95	APIUX	Api Multi Asset	Pair Corr
0.78	APITX	Api Growth Fund	Pair Corr
0.92	APIIX	Api Multi Asset	Pair Corr
0.68	YOVIX	Yorktown Small Cap	Pair Corr
0.67	YOVLX	Yorktown Small Cap	Pair Corr
0.61	YOVAX	Yorktown Small Cap	Pair Corr
0.9	AFFIX	Api Multi Asset	Pair Corr
0.94	AFFCX	Api Multi Asset	Pair Corr
0.74	AFGGX	Api Growth Fund	Pair Corr
0.93	AFMMX	Api Short Term	Pair Corr
0.84	VBIRX	Vanguard Short Term	Pair Corr
0.77	VFSUX	Vanguard Short Term	Pair Corr
0.77	VFSIX	Vanguard Short Term	Pair Corr
0.77	VFSTX	Vanguard Short Term	Pair Corr
0.76	VBITX	Vanguard Short Term	Pair Corr
0.75	VBISX	Vanguard Short Term	Pair Corr
0.84	VSCSX	Vanguard Short Term	Pair Corr
0.82	LALDX	Lord Abbett Short	Pair Corr
0.81	LDLAX	Lord Abbett Short	Pair Corr
0.83	LDLRX	Lord Abbett Short	Pair Corr
0.63	NHS	Neuberger Berman High	Pair Corr
0.81	FSKAX	Fidelity Total Market	Pair Corr
0.84	WLIVX	Wcm Focused International	Pair Corr
0.85	SPGRX	Deutsche Multi Asset	Pair Corr
0.65	BIIPX	Blackrock Short Term	Pair Corr
0.78	FSHIX	Federated Short-intermedia	Pair Corr
0.65	JACRX	James Alpha Global	Pair Corr
0.85	FBHTX	American Funds 2045	Pair Corr
0.75	STPCX	Technology Communications	Pair Corr
0.78	RIVSX	River Oak Discovery	Pair Corr
0.81	JGIRX	Jpmorgan Intrepid Growth	Pair Corr
0.71	CDWCX	American Funds Developing	Pair Corr
0.81	EAFVX	Eaton Vance Val	Pair Corr
0.86	TIQRX	Tiaa Cref Equity	Pair Corr
0.77	AIFRX	Alpine Global Infras	Pair Corr
0.66	CWBCX	Capital World Bond	Pair Corr
0.85	SWYAX	Schwab Target 2010	Pair Corr

Related Correlations Analysis

	JDJRX	MDBFX	CFAIX	EVFCX	PGFCX	PDNIX	PDSYX	BICPX
JDJRX		0.56	0.36	0.46	0.6	0.49	0.51	0.51	JDJRX
MDBFX	0.56		0.92	0.92	0.91	0.96	0.82	0.94	MDBFX
CFAIX	0.36	0.92		0.98	0.91	0.94	0.82	0.97	CFAIX
EVFCX	0.46	0.92	0.98		0.93	0.94	0.87	0.99	EVFCX
PGFCX	0.6	0.91	0.91	0.93		0.95	0.9	0.94	PGFCX
PDNIX	0.49	0.96	0.94	0.94	0.95		0.89	0.95	PDNIX
PDSYX	0.51	0.82	0.82	0.87	0.9	0.89		0.87	PDSYX
BICPX	0.51	0.94	0.97	0.99	0.94	0.95	0.87		BICPX
	JDJRX	MDBFX	CFAIX	EVFCX	PGFCX	PDNIX	PDSYX	BICPX

Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Short 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 Api Short'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
JDJRX	0.40	0.03	(0.10)	(0.93)	0.40	(0.52)	0.94	(0.81)	2.24
MDBFX	0.11	0.01	(0.42)	0.21	0.00	(0.17)	0.24	(0.24)	0.60
CFAIX	0.23	0.01	(0.16)	0.11	0.18	(0.28)	0.58	(0.37)	1.48
EVFCX	0.26	0.02	(0.11)	0.13	0.19	(0.31)	0.49	(0.57)	1.36
PGFCX	0.22	0.06	(0.07)	1.18	0.00	(0.27)	0.48	(0.38)	2.25
PDNIX	0.12	0.02	(0.34)	0.41	0.00	(0.16)	0.30	(0.20)	0.80
PDSYX	0.15	0.05	(0.17)	(2.18)	0.00	(0.18)	0.36	(0.25)	0.91
BICPX	0.20	0.01	(0.15)	0.13	0.12	(0.26)	0.43	(0.43)	1.12

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Api Short Correlations

Api Short Correlation With Market

Very poor diversification

Moving together with Api Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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