Aquila Three Correlations

Summary

ATGCXDelisted Fund

USD 28.85 0.00 0.00%

The current 90-days correlation between Aquila Three Peaks and Lord Abbett Short is 0.1 (i.e., Average diversification). The correlation of Aquila Three 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.

Aquila Three Correlation With Market

Good diversification

The correlation between Aquila Three Peaks and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquila Three Peaks 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 main economic indicators.

Moving together with Aquila Mutual Fund

0.63	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.76	INPIX	Internet Ultrasector	Pair Corr
0.78	INPSX	Internet Ultrasector	Pair Corr
0.79	WWACX	Westwood Alternative	Pair Corr
0.7	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.87	ATOIX	Alpine Ultra Short	Pair Corr
0.84	RMMGX	Short Term Bond	Pair Corr
0.89	DLINX	Doubleline Flexible	Pair Corr
0.9	AMFIX	Aama Income Fund	Pair Corr
0.82	EMPIX	Ambassador Fund	Pair Corr
0.67	ZVNBX	Zevenbergen Growth	Pair Corr
0.85	AQMIX	Aqr Managed Futures	Pair Corr
0.97	CTYRX	Columbia Global Tech	Pair Corr
0.82	AIO	Virtus Allianzgi Art	Pair Corr
0.84	FSAWX	Fidelity Sai Convertible	Pair Corr
0.65	SMAPX	Salient Mlp Energy	Pair Corr
0.64	ICMBX	Intrepid Capital	Pair Corr
0.79	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.88	USIAX	Ubs Ultra Short	Pair Corr
0.73	BIVSX	Balter Invenomic	Pair Corr

Moving against Aquila Mutual Fund

0.74

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	LSYFX	IPYSX	JYHRX	TIYRX	PBHAX	IPIMX
LSYFX		0.93	0.91	0.93	0.84	0.96	LSYFX
IPYSX	0.93		0.93	0.93	0.9	0.99	IPYSX
JYHRX	0.91	0.93		0.93	0.83	0.94	JYHRX
TIYRX	0.93	0.93	0.93		0.93	0.95	TIYRX
PBHAX	0.84	0.9	0.83	0.93		0.9	PBHAX
IPIMX	0.96	0.99	0.94	0.95	0.9		IPIMX
	LSYFX	IPYSX	JYHRX	TIYRX	PBHAX	IPIMX

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Risk-Adjusted Indicators

There is a big difference between Aquila Mutual Fund performing well and Aquila Three 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 Aquila Three'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
LSYFX	0.13	0.02	(0.01)	0.26	0.00	(0.24)	0.52	(0.20)	1.43
IPYSX	0.14	0.01	(0.05)	0.12	0.08	(0.20)	0.46	(0.23)	1.04
JYHRX	0.12	0.01	(0.04)	0.23	0.00	(0.19)	0.31	(0.30)	0.77
TIYRX	0.15	0.01	(0.04)	0.97	0.08	(0.20)	0.46	(0.23)	1.14
PBHAX	0.13	0.01	(0.04)	1.17	0.00	(0.29)	0.42	(0.21)	0.84
IPIMX	0.14	0.01	(0.05)	0.38	0.08	(0.19)	0.35	(0.23)	1.15

Aquila Three 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 Aquila Three mutual fund to make a market-neutral strategy. Peer analysis of Aquila Three could also be used in its relative valuation, which is a method of valuing Aquila Three by comparing valuation metrics with similar companies.

Lord Abbett Short Voya High Yield Jpmorgan High Yield Tiaa Cref High Yield Fund Prudential High Yield Voya High Yield American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

Risk & Return

Correlation

Still Interested in Aquila Three Peaks?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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