Anchor Risk Correlations

Mutual Funds . USA . 
Fund . Anchor Risk Managed
ATGSX Fund  USD 10.45  0.03  0.29%   
The current 90-days correlation between Anchor Risk Managed and Jpmorgan Hedged Equity is 0.68 (i.e., Poor 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 weak diversification

The correlation between Anchor Risk Managed and DJI is 0.58 (i.e., Very weak 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 state.

Moving together with Anchor Mutual Fund

  0.8ATCSX Anchor Tactical CreditPairCorr
  0.78ATEAX Anchor Risk ManagedPairCorr
  0.76ATESX Anchor Tactical EquityPairCorr
  0.89JHQCX Jpmorgan Hedged EquityPairCorr
  0.89JHEQX Jpmorgan Hedged EquityPairCorr
  0.89JHQAX Jpmorgan Hedged EquityPairCorr
  0.89GTENX Gateway Fund ClassPairCorr
  0.89GTECX Gateway Fund ClassPairCorr
  0.89GTEYX Gateway Fund ClassPairCorr
  0.89GATEX Gateway Fund ClassPairCorr
  0.88JHDCX Jpmorgan Hedged EquityPairCorr
  0.84JHDRX Jpmorgan Hedged EquityPairCorr
  0.88JHDAX Jpmorgan Hedged EquityPairCorr
  0.9VSTSX Vanguard Total StockPairCorr
  0.9VSMPX Vanguard Total StockPairCorr
  0.9VITSX Vanguard Total StockPairCorr
  0.9VFFSX Vanguard 500 IndexPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.9VINIX Vanguard InstitutionalPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.88THLCX Thrivent Large CapPairCorr
  0.88VFMFX Vanguard MultifactorPairCorr
  0.8FSRBX Banking Portfolio BankingPairCorr
  0.74ACIPX American Century MidPairCorr
  0.88SSMOX Steward Small MidPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.79CPLIX Calamos Phineus LongshortPairCorr
  0.67MUSDX Us Real EstatePairCorr
  0.77GAB Gabelli Equity TrustPairCorr
  0.89VSEQX Vanguard Strategic EquityPairCorr
  0.89SDGTX Deutsche Capital GrowthPairCorr
  0.86PWTAX Ubs AllocationPairCorr
  0.78GUMPX Guggenheim Market NeutralPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JHQCX  0.35  0.01 (0.07) 0.14  0.42 
(0.35)
 0.90 
(0.90)
 2.59 
JHEQX  0.35  0.01 (0.07) 0.14  0.42 
(0.36)
 0.90 
(0.92)
 2.59 
JHQAX  0.35  0.01 (0.07) 0.14  0.43 
(0.35)
 0.91 
(0.90)
 2.57 
GTENX  0.32  0.01 (0.10) 0.14  0.32 
(0.33)
 0.74 
(0.84)
 2.52 
GTECX  0.32  0.01 (0.11) 0.13  0.33 
(0.35)
 0.73 
(0.85)
 2.51 
GTEYX  0.32  0.01 (0.10) 0.14  0.33 
(0.34)
 0.72 
(0.84)
 2.52 
GATEX  0.32  0.01 (0.10) 0.14  0.32 
(0.34)
 0.74 
(0.84)
 2.50 
JHDCX  0.33  0.00 (0.10) 0.12  0.46 
(0.34)
 0.74 
(0.70)
 2.90 
JHDRX  0.33  0.06 (0.11)(0.91) 0.47 
(0.35)
 0.79 
(0.69)
 2.89 
JHDAX  0.33  0.00 (0.09) 0.12  0.46 
(0.34)
 0.79 
(0.70)
 2.95 

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