Api Multi-asset Correlations

APIUX Fund

USD 8.74 0.02 0.23%

The current 90-days correlation between Api Multi Asset and Yorktown Small Cap Fund is 0.38 (i.e., Weak diversification). The correlation of Api Multi-asset 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 Multi-asset Correlation With Market

Very poor diversification

The correlation between Api Multi Asset Income 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 Api Multi Asset Income 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 Multi Asset Income. 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 Api Mutual Fund

0.84	APGRX	Api Growth Fund	Pair Corr
0.97	APIBX	Api Short Term	Pair Corr
0.83	APITX	Api Growth Fund	Pair Corr
0.96	APIMX	Api Short Term	Pair Corr
0.99	APIIX	Api Multi Asset	Pair Corr
0.99	AFFIX	Api Multi Asset	Pair Corr
0.99	AFFCX	Api Multi Asset	Pair Corr
0.84	AFGGX	Api Growth Fund	Pair Corr
0.95	AFMMX	Api Short Term	Pair Corr
0.97	PONCX	Pimco Income	Pair Corr
0.97	PIPNX	Pimco Income	Pair Corr
0.97	PONAX	Pimco Income	Pair Corr
0.97	PONRX	Pimco Income	Pair Corr
0.97	PONPX	Pimco Incme Fund	Pair Corr
0.97	PIINX	Pimco Income	Pair Corr
0.97	PIMIX	Pimco Income	Pair Corr
0.97	LBNDX	Lord Abbett Bond	Pair Corr
0.97	FSTAX	Fidelity Advisor Str	Pair Corr
0.96	FSRIX	Fidelity Advisor Str	Pair Corr
0.75	MGGYX	Mirova Global Green	Pair Corr
0.92	HLDIX	Hartford Emerging	Pair Corr
0.92	HLDRX	Hartford Emerging	Pair Corr
0.92	HLDAX	Hartford Emerging	Pair Corr
0.91	HLDCX	Hartford Emerging	Pair Corr
0.92	HLDTX	Hartford Emerging	Pair Corr
0.87	ANOIX	Small Cap Growth	Pair Corr
0.9	COIAX	Conservative Income	Pair Corr
0.91	RLBAX	American Balanced	Pair Corr
0.97	CLEGX	Columbia College 529	Pair Corr
0.92	NAESX	Vanguard Small Cap	Pair Corr
0.94	CMEGX	Columbia Moderate 529	Pair Corr
0.94	FCISX	Franklin Income	Pair Corr

Related Correlations Analysis

	APGRX	APIBX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX
APGRX		0.82	0.84	1.0	0.81	0.84	0.85	0.83	0.84	APGRX
APIBX	0.82		0.97	0.82	0.98	0.96	0.52	0.5	0.52	APIBX
APIUX	0.84	0.97		0.83	0.96	0.99	0.52	0.5	0.51	APIUX
APITX	1.0	0.82	0.83		0.8	0.83	0.85	0.84	0.85	APITX
APIMX	0.81	0.98	0.96	0.8		0.95	0.51	0.49	0.51	APIMX
APIIX	0.84	0.96	0.99	0.83	0.95		0.5	0.48	0.5	APIIX
YOVIX	0.85	0.52	0.52	0.85	0.51	0.5		1.0	1.0	YOVIX
YOVLX	0.83	0.5	0.5	0.84	0.49	0.48	1.0		1.0	YOVLX
YOVAX	0.84	0.52	0.51	0.85	0.51	0.5	1.0	1.0		YOVAX
	APGRX	APIBX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX

Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Multi-asset 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 Multi-asset'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
APGRX	1.03	(0.01)	0.00	0.05	1.32	(1.08)	1.73	(2.46)	6.65
APIBX	0.09	0.01	(0.17)	1.34	0.00	(0.24)	0.24	(0.24)	0.48
APIUX	0.10	0.01	(0.23)	0.25	0.00	(0.15)	0.23	(0.23)	0.58
APITX	1.03	(0.01)	0.00	0.05	1.28	(1.10)	1.70	(2.49)	6.65
APIMX	0.11	0.02	(0.16)	(6.89)	0.00	(0.26)	0.26	(0.26)	0.51
APIIX	0.10	0.01	(0.28)	0.29	0.00	(0.15)	0.22	(0.11)	0.54
YOVIX	1.00	(0.10)	0.00	(0.02)	0.00	0.00	1.93	(2.08)	6.29
YOVLX	1.00	(0.11)	0.00	(0.02)	0.00	0.00	1.93	(2.12)	6.31
YOVAX	1.00	(0.10)	0.00	(0.02)	0.00	0.00	1.91	(2.13)	6.37

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Api Multi-asset Correlations

Api Multi-asset Correlation With Market

Very poor diversification

Moving together with Api Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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