Absolute Strategies Correlations

ASFIX Fund

USD 5.97 0.00 0.00%

The current 90-days correlation between Absolute Strategies and Fidelity Sai Inflationfocused is -0.02 (i.e., Good diversification). The correlation of Absolute Strategies 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.

Absolute Strategies Correlation With Market

Good diversification

The correlation between Absolute Strategies Fund and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Strategies Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 Absolute Mutual Fund

0.79

Korea Closed

Pair Corr

Moving against Absolute Mutual Fund

0.82	ARBOX	Absolute Convertible	Pair Corr
0.81	ARBIX	Absolute Convertible	Pair Corr
0.65	BXMYX	Blackstone Alternative	Pair Corr
0.64	BXMIX	Blackstone Alternative	Pair Corr
0.63	BXMDX	Blackstone Alternative	Pair Corr
0.6	XGEIX	Guggenheim Energy Income	Pair Corr
0.4	GARTX	Goldman Sachs Absolute	Pair Corr
0.36	GCRTX	Goldman Sachs Absolute	Pair Corr
0.7	LLPFX	Longleaf Partners	Pair Corr
0.69	FEMDX	Franklin Emerging Market	Pair Corr
0.68	RQECX	Resq Dynamic Allocation	Pair Corr
0.65	LTFOX	Lord Abbett Affiliated	Pair Corr
0.64	RIV	Rivernorth Opportunities	Pair Corr
0.61	VTSMX	Vanguard Total Stock	Pair Corr
0.6	VFIAX	Vanguard 500 Index	Pair Corr
0.6	VFINX	Vanguard 500 Index	Pair Corr
0.59	VIGAX	Vanguard Growth Index	Pair Corr
0.58	SPGSX	State Street Premier	Pair Corr
0.53	FBALX	Fidelity Balanced	Pair Corr
0.4	SCRYX	Small Cap Core	Pair Corr
0.4	GAB	Gabelli Equity Trust	Pair Corr

Related Correlations Analysis

	FIFGX	ANBIX	LIPNX	APISX	TIIHX	AUNTX	LIFAX
FIFGX		0.18	0.01	0.33	0.07	0.65	0.58	FIFGX
ANBIX	0.18		0.9	0.88	0.97	0.27	0.47	ANBIX
LIPNX	0.01	0.9		0.65	0.95	0.04	0.24	LIPNX
APISX	0.33	0.88	0.65		0.78	0.59	0.78	APISX
TIIHX	0.07	0.97	0.95	0.78		0.11	0.31	TIIHX
AUNTX	0.65	0.27	0.04	0.59	0.11		0.91	AUNTX
LIFAX	0.58	0.47	0.24	0.78	0.31	0.91		LIFAX
	FIFGX	ANBIX	LIPNX	APISX	TIIHX	AUNTX	LIFAX

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Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Strategies 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 Absolute Strategies' 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
FIFGX	0.93	0.04	(0.05)	(7.22)	1.17	(0.96)	1.73	(1.98)	4.96
ANBIX	0.15	(0.01)	(0.44)	(0.27)	0.19	(0.18)	0.29	(0.29)	1.16
LIPNX	0.22	(0.03)	0.00	(0.73)	0.00	0.00	0.41	(0.42)	1.44
APISX	0.11	0.00	(0.58)	0.01	0.06	(0.17)	0.29	(0.19)	0.86
TIIHX	0.15	(0.02)	0.00	(0.83)	0.00	0.00	0.28	(0.28)	1.03
AUNTX	0.12	0.01	(0.40)	0.23	0.00	(0.17)	0.28	(0.19)	1.03
LIFAX	0.13	0.01	(0.42)	0.35	0.00	(0.16)	0.26	(0.26)	0.95

Absolute Strategies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Absolute Strategies mutual fund to make a market-neutral strategy. Peer analysis of Absolute Strategies could also be used in its relative valuation, which is a method of valuing Absolute Strategies by comparing valuation metrics with similar companies.

Fidelity Sai Inflationfocused Ab Bond Inflation Loomis Sayles Inflation Short Duration Inflation Tiaa Cref Inflation Link Ab Municipal Bond Lord Abbett Inflation American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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