Anchor Risk Correlations

ATCAX Fund

USD 16.22 0.04 0.25%

The current 90-days correlation between Anchor Risk Managed and Icon Financial Fund is 0.31 (i.e., Weak diversification). The correlation of Anchor Risk 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.

Anchor Risk Correlation With Market

Very poor diversification

The correlation between Anchor Risk Managed and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anchor Risk Managed 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 Anchor Risk Managed. 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 nation.

Moving together with Anchor Mutual Fund

1.0	ATCSX	Anchor Tactical Credit	Pair Corr
0.74	BSICX	Blackrock Strategic Opps	Pair Corr
0.71	BASIX	Blackrock Strategic Opps	Pair Corr
0.74	BSIIX	Blackrock Strategic	Pair Corr
0.73	BSIKX	Blackrock Strategic	Pair Corr
0.72	SMPSX	Semiconductor Ultrasector	Pair Corr
0.79	SMPIX	Semiconductor Ultrasector	Pair Corr
0.73	ACPSX	Invesco E Plus	Pair Corr
0.65	FSCRX	Fidelity Small Cap	Pair Corr
0.8	ASPZX	Alger Spectra	Pair Corr
0.62	PGJQX	Prudential Jennison	Pair Corr
0.8	MATFX	Matthews Asia Innovators	Pair Corr
0.64	SSTDX	Saat Servative Strategy	Pair Corr
0.82	HSIIX	Eagle Small Cap	Pair Corr
0.75	PVFAX	Paradigm Value	Pair Corr
0.88	IBARX	Ivy Balanced	Pair Corr

Related Correlations Analysis

	GCFSX	VFAIX	PRISX	FIDAX	ICFAX
GCFSX		0.85	0.95	-0.71	0.91	GCFSX
VFAIX	0.85		0.93	-0.59	0.89	VFAIX
PRISX	0.95	0.93		-0.73	0.9	PRISX
FIDAX	-0.71	-0.59	-0.73		-0.53	FIDAX
ICFAX	0.91	0.89	0.9	-0.53		ICFAX
	GCFSX	VFAIX	PRISX	FIDAX	ICFAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PRISX	+ 0.95	GCFSX
PRISX	+ 0.93	VFAIX
ICFAX	+ 0.91	GCFSX
ICFAX	+ 0.9	PRISX
ICFAX	+ 0.89	VFAIX
VFAIX	+ 0.85	GCFSX

High negative correlations

FIDAX	- 0.73	PRISX
FIDAX	- 0.71	GCFSX
FIDAX	- 0.59	VFAIX
ICFAX	- 0.53	FIDAX

Risk-Adjusted Indicators

There is a big difference between Anchor Mutual Fund performing well and Anchor Risk 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 Anchor Risk'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
GCFSX	0.49	0.16	0.13	1.01	0.48	(0.58)	1.15	(1.04)	3.77
VFAIX	0.68	(0.04)	(0.04)	0.03	0.93	(0.65)	1.35	(1.72)	4.39
PRISX	0.80	0.11	0.10	0.18	0.81	(0.86)	1.66	(1.67)	8.41
FIDAX	1.31	(0.37)	0.00	2.77	0.00	0.00	1.78	(1.82)	33.76
ICFAX	0.85	0.15	0.20	0.23	0.42	(1.18)	1.66	(0.98)	14.63

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