Anchor Risk Correlations

ATEAX Fund

USD 15.30 0.04 0.26%

The current 90-days correlation between Anchor Risk Managed and Allianzgi Nfj International is 0.12 (i.e., Average 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 good diversification

The correlation between Anchor Risk Managed and DJI is -0.49 (i.e., Very good 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

ATESX

Anchor Tactical Equity

Pair Corr

Moving against Anchor Mutual Fund

0.64	FGADX	Franklin Gold Precious	Pair Corr
0.6	PMPIX	Precious Metals Ultr	Pair Corr
0.6	PMPSX	Precious Metals Ultr	Pair Corr
0.44	SMPSX	Semiconductor Ultrasector	Pair Corr
0.39	SMPIX	Semiconductor Ultrasector	Pair Corr
0.85	TIRRX	T Rowe Price	Pair Corr
0.84	SCREX	Mfs Variable Insurance	Pair Corr
0.8	VVIAX	Vanguard Value Index	Pair Corr
0.78	VGENX	Vanguard Energy	Pair Corr
0.76	CGBIX	Calvert Green Bond	Pair Corr
0.74	FLPSX	Fidelity Low Priced	Pair Corr
0.68	INIVX	International Investors	Pair Corr
0.68	TRGZX	T Rowe Price	Pair Corr
0.67	INIYX	International Investors	Pair Corr
0.67	OGRIX	Oppenheimer Value	Pair Corr
0.66	EKWAX	Wells Fargo Advantage	Pair Corr
0.65	EKWYX	Wells Fargo Advantage	Pair Corr
0.65	FRGOX	Franklin Gold Precious	Pair Corr
0.59	MAAGX	Mfs Aggressive Growth	Pair Corr
0.58	LMEIX	Qs Servative Growth	Pair Corr
0.55	ABALX	American Balanced	Pair Corr
0.48	DSEFX	Domini Impact Equity	Pair Corr
0.41	JDEAX	Jpmorgan Disciplined	Pair Corr
0.8	FKQTX	Franklin Federal Int	Pair Corr
0.8	WMTIX	Wells Fargo Minnesota	Pair Corr

Related Correlations Analysis

	ATCAX	ATCSX	ATEAX	WTIBX	PMJIX	MFEBX	HGIYX	RYCUX	AFJAX
ATCAX		1.0	0.16	0.1	0.53	0.41	0.46	-0.12	0.46	ATCAX
ATCSX	1.0		0.18	0.08	0.52	0.39	0.45	-0.14	0.44	ATCSX
ATEAX	0.16	0.18		-0.74	-0.59	-0.76	-0.53	-0.65	-0.62	ATEAX
WTIBX	0.1	0.08	-0.74		0.57	0.81	0.42	0.9	0.74	WTIBX
PMJIX	0.53	0.52	-0.59	0.57		0.9	0.85	0.31	0.79	PMJIX
MFEBX	0.41	0.39	-0.76	0.81	0.9		0.75	0.63	0.89	MFEBX
HGIYX	0.46	0.45	-0.53	0.42	0.85	0.75		0.13	0.63	HGIYX
RYCUX	-0.12	-0.14	-0.65	0.9	0.31	0.63	0.13		0.59	RYCUX
AFJAX	0.46	0.44	-0.62	0.74	0.79	0.89	0.63	0.59		AFJAX
	ATCAX	ATCSX	ATEAX	WTIBX	PMJIX	MFEBX	HGIYX	RYCUX	AFJAX

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

ATCSX	+ 1.0	ATCAX
RYCUX	+ 0.9	WTIBX
MFEBX	+ 0.9	PMJIX
AFJAX	+ 0.89	MFEBX
HGIYX	+ 0.85	PMJIX
MFEBX	+ 0.81	WTIBX

High negative correlations

MFEBX	- 0.76	ATEAX
WTIBX	- 0.74	ATEAX
RYCUX	- 0.65	ATEAX
AFJAX	- 0.62	ATEAX
PMJIX	- 0.59	ATEAX
HGIYX	- 0.53	ATEAX

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
ATCAX	0.32	(0.03)	(0.08)	(0.02)	0.50	(0.30)	0.56	(0.82)	2.76
ATCSX	0.32	(0.03)	(0.08)	(0.02)	0.49	(0.31)	0.51	(0.82)	2.77
ATEAX	0.43	(0.06)	0.00	(0.09)	0.00	0.00	0.70	(1.27)	2.49
WTIBX	0.14	0.01	(0.13)	1.04	0.10	(0.19)	0.32	(0.32)	1.04
PMJIX	0.82	0.09	0.10	0.11	0.75	(1.04)	1.76	(1.53)	6.33
MFEBX	0.50	0.08	0.09	0.14	0.56	(0.52)	1.19	(1.15)	3.04
HGIYX	0.69	0.15	0.21	0.17	0.46	(0.82)	0.88	(1.12)	14.97
RYCUX	0.69	0.08	0.04	0.65	0.85	(0.76)	1.43	(1.37)	4.23
AFJAX	0.60	0.16	0.13	(3.90)	0.67	(0.65)	1.36	(1.53)	3.91

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