Archer Dividend Correlations

ARDGX Fund

USD 27.92 0.07 0.25%

The current 90-days correlation between Archer Dividend Growth and Msift High Yield is 0.35 (i.e., Weak diversification). The correlation of Archer Dividend 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 Dividend Correlation With Market

Poor diversification

The correlation between Archer Dividend Growth and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Dividend Growth 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 Dividend Growth. 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 price.

Moving together with Archer Mutual Fund

0.93	ARCHX	Archer Balanced	Pair Corr
0.76	ARSKX	Archer Stock	Pair Corr
0.88	AFOCX	Archer Focus	Pair Corr
0.78	ALSMX	Archer Multi Cap	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.72	DOXGX	Dodge Cox Stock	Pair Corr
0.93	AFMFX	American Mutual	Pair Corr
0.93	FFMMX	American Funds American	Pair Corr
0.93	FFFMX	American Funds American	Pair Corr
0.93	AMRMX	American Mutual	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.94	AMFCX	American Mutual	Pair Corr
0.72	DODGX	Dodge Stock Fund	Pair Corr
0.88	VIVAX	Vanguard Value Index	Pair Corr
0.72	FMSGX	Frontier Mfg Global	Pair Corr
0.87	VASGX	Vanguard Lifestrategy	Pair Corr
0.76	LGWIX	Ladenburg Growth	Pair Corr
0.71	RGRYX	Victory Rs Growth	Pair Corr
0.75	CSQ	Calamos Strategic Total	Pair Corr
0.65	JRI	Nuveen Real Asset	Pair Corr
0.7	NADCX	Nationwide Investor	Pair Corr
0.94	AMECX	Income Fund	Pair Corr
0.74	VFTAX	Vanguard Ftse Social	Pair Corr
0.65	IMOPX	Voya Midcap Opportunities	Pair Corr
0.79	FXIFX	Fidelity Freedom Index	Pair Corr

Moving against Archer Mutual Fund

0.65

FMFFX

Fs Managed Futures

Pair Corr

Related Correlations Analysis

	MRHYX	AHYMX	WAYCX	HYSZX	ARTFX	ACHFX	FAGIX	PGHCX
MRHYX		0.69	0.89	0.81	0.91	0.89	0.93	0.94	MRHYX
AHYMX	0.69		0.76	0.73	0.81	0.81	0.67	0.8	AHYMX
WAYCX	0.89	0.76		0.97	0.93	0.98	0.79	0.96	WAYCX
HYSZX	0.81	0.73	0.97		0.91	0.96	0.72	0.93	HYSZX
ARTFX	0.91	0.81	0.93	0.91		0.95	0.92	0.97	ARTFX
ACHFX	0.89	0.81	0.98	0.96	0.95		0.81	0.98	ACHFX
FAGIX	0.93	0.67	0.79	0.72	0.92	0.81		0.88	FAGIX
PGHCX	0.94	0.8	0.96	0.93	0.97	0.98	0.88		PGHCX
	MRHYX	AHYMX	WAYCX	HYSZX	ARTFX	ACHFX	FAGIX	PGHCX

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Risk-Adjusted Indicators

There is a big difference between Archer Mutual Fund performing well and Archer Dividend 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 Dividend'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MRHYX	0.09	0.02	(0.63)	0.33	(0.14)	0.23	(0.12)	0.47
AHYMX	0.10	0.02	(0.34)	(0.26)	(0.18)	0.33	(0.22)	1.09
WAYCX	0.13	0.02	(0.42)	0.36	(0.22)	0.29	(0.29)	1.02
HYSZX	0.10	0.01	(0.64)	0.35	(0.20)	0.24	(0.24)	0.72
ARTFX	0.12	0.03	(0.56)	0.58	(0.21)	0.33	(0.22)	1.01
ACHFX	0.13	0.01	(0.52)	0.31	(0.21)	0.35	(0.23)	0.93
FAGIX	0.19	0.03	(0.20)	0.22	(0.26)	0.40	(0.29)	1.17
PGHCX	0.13	0.02	(0.32)	0.38	(0.34)	0.53	(0.26)	0.80

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