Archer Balanced Correlations

ARCHX Fund

USD 18.21 0.08 0.44%

The current 90-days correlation between Archer Balanced and Archer Dividend Growth is 0.72 (i.e., Poor diversification). The correlation of Archer Balanced 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 Balanced Correlation With Market

Significant diversification

The correlation between Archer Balanced Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Balanced 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 Archer Balanced 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 rate.

Moving together with ARCHER Mutual Fund

0.93	ARDGX	Archer Dividend Growth	Pair Corr
0.86	ARSKX	Archer Stock	Pair Corr
0.92	AFOCX	Archer Focus	Pair Corr
0.77	ALSMX	Archer Multi Cap	Pair Corr
0.9	FBONX	American Funds American	Pair Corr
0.9	FBAFX	American Funds American	Pair Corr
0.82	ABALX	American Balanced	Pair Corr
0.82	BALCX	American Balanced	Pair Corr
0.82	BALFX	American Balanced	Pair Corr
0.9	RLBCX	American Balanced	Pair Corr
0.82	RLBBX	American Balanced	Pair Corr
0.82	CLBAX	American Balanced	Pair Corr
0.82	CLBEX	American Balanced	Pair Corr
0.9	RLBFX	American Balanced	Pair Corr
0.66	WRHIX	Ivy High Income	Pair Corr
0.64	WHIAX	Ivy High Income	Pair Corr
0.65	IHIFX	Ivy High Income	Pair Corr
0.68	IVHIX	Ivy High Income	Pair Corr
0.74	NUESX	Northern Quality Esg	Pair Corr
0.86	JABRX	Janus Balanced	Pair Corr
0.71	RA	Brookfield Real Assets	Pair Corr
0.82	FBMTX	American Funds 2065	Pair Corr
0.65	STARX	Astor Star Fund	Pair Corr
0.63	TEDLX	Tiaa Cref Emerging	Pair Corr
0.94	AMFCX	American Mutual	Pair Corr
0.66	FGB	First Trust Specialty	Pair Corr
0.68	ANOIX	Small Cap Growth	Pair Corr
0.66	AHYDX	High Yield Fund	Pair Corr
0.85	AMRMX	American Mutual	Pair Corr
0.61	BSCXX	Northern Institutional	Pair Corr

Moving against ARCHER Mutual Fund

0.53

CIOCX

Columbia Porate Income

Pair Corr

Related Correlations Analysis

	ARDGX	AFOCX	ALSMX	VFIAX	VNSNX	MAAYX	VEIPX	FSHOX	THMAX
ARDGX		0.85	0.71	0.74	0.72	0.53	0.79	0.9	0.82	ARDGX
AFOCX	0.85		0.89	0.81	0.78	0.38	0.82	0.92	0.9	AFOCX
ALSMX	0.71	0.89		0.94	0.88	0.44	0.91	0.88	0.96	ALSMX
VFIAX	0.74	0.81	0.94		0.91	0.59	0.94	0.87	0.97	VFIAX
VNSNX	0.72	0.78	0.88	0.91		0.57	0.96	0.86	0.9	VNSNX
MAAYX	0.53	0.38	0.44	0.59	0.57		0.54	0.61	0.59	MAAYX
VEIPX	0.79	0.82	0.91	0.94	0.96	0.54		0.89	0.93	VEIPX
FSHOX	0.9	0.92	0.88	0.87	0.86	0.61	0.89		0.94	FSHOX
THMAX	0.82	0.9	0.96	0.97	0.9	0.59	0.93	0.94		THMAX
	ARDGX	AFOCX	ALSMX	VFIAX	VNSNX	MAAYX	VEIPX	FSHOX	THMAX

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Risk-Adjusted Indicators

There is a big difference between ARCHER Mutual Fund performing well and Archer Balanced 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 Balanced'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
ARDGX	0.41	0.06	(0.10)	1.23	0.35	(0.46)	0.93	(0.88)	2.38
AFOCX	0.50	0.04	(0.11)	0.41	0.52	(0.53)	1.17	(0.83)	2.90
ALSMX	0.72	0.09	(0.02)	0.77	0.87	(0.75)	1.49	(1.31)	4.97
VFIAX	0.56	0.10	(0.02)	(7.61)	0.65	(0.57)	1.17	(1.31)	3.84
VNSNX	0.67	(0.05)	(0.04)	0.07	1.02	(0.68)	1.52	(1.67)	4.90
MAAYX	0.44	0.09	(0.06)	(0.86)	0.32	(0.76)	1.21	(0.80)	3.68
VEIPX	0.49	(0.01)	(0.05)	0.11	0.38	(0.56)	1.03	(0.82)	3.73
FSHOX	0.79	0.12	0.04	0.56	0.74	(0.91)	1.96	(1.58)	5.50
THMAX	0.36	0.05	(0.13)	3.67	0.34	(0.43)	0.73	(0.78)	2.29

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