Auer Growth Correlations

AUERX Fund

USD 13.69 0.13 0.96%

The current 90-days correlation between Auer Growth Fund and Lebenthal Lisanti Small is 0.24 (i.e., Modest diversification). The correlation of Auer Growth 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.

Auer Growth Correlation With Market

Average diversification

The correlation between Auer Growth Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Auer Growth Fund 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 Auer Growth Fund. 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 metropolitan statistical area.

Moving together with Auer Mutual Fund

0.61	VISVX	Vanguard Small Cap	Pair Corr
0.82	UBVCX	Undiscovered Managers	Pair Corr
0.8	UBVAX	Undiscovered Managers	Pair Corr
0.8	UBVSX	Undiscovered Managers	Pair Corr
0.86	AVFIX	American Beacon Small	Pair Corr
0.63	SMPSX	Semiconductor Ultrasector	Pair Corr
0.79	RSNYX	Victory Global Natural	Pair Corr
0.79	RSNRX	Victory Global Natural	Pair Corr
0.83	RMQAX	Monthly Rebalance	Pair Corr
0.82	RMQHX	Monthly Rebalance	Pair Corr

Moving against Auer Mutual Fund

0.72	LFRIX	Floating Rate	Pair Corr
0.43	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.89	JSORX	Jpmorgan Strategic Income	Pair Corr
0.86	DXKSX	Direxion Monthly 7	Pair Corr
0.74	SSAGX	Virtus Seix Government	Pair Corr
0.69	SDGFX	Sdit Short Duration	Pair Corr
0.62	DGFZX	Destinations Global Fixed	Pair Corr
0.59	HGORX	Hartford Growth	Pair Corr
0.54	BLDPX	Blackrock Low Duration	Pair Corr
0.54	LALDX	Lord Abbett Short	Pair Corr

Related Correlations Analysis

	ASCGX	HDPSX	RCMFX	OBSOX	AVALX
ASCGX		0.35	0.54	0.87	0.11	ASCGX
HDPSX	0.35		0.86	0.54	0.88	HDPSX
RCMFX	0.54	0.86		0.59	0.68	RCMFX
OBSOX	0.87	0.54	0.59		0.38	OBSOX
AVALX	0.11	0.88	0.68	0.38		AVALX
	ASCGX	HDPSX	RCMFX	OBSOX	AVALX

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Risk-Adjusted Indicators

There is a big difference between Auer Mutual Fund performing well and Auer Growth 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 Auer Growth'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
ASCGX	1.19	0.03	0.00	0.14	1.71	(1.16)	2.24	(2.34)	9.08
HDPSX	1.02	(0.17)	0.00	(0.15)	0.00	0.00	1.76	(1.33)	17.27
RCMFX	1.36	(0.13)	0.00	(0.04)	0.00	0.00	1.91	(3.17)	20.46
OBSOX	1.03	0.01	(0.01)	0.11	1.49	(0.88)	1.72	(2.38)	7.33
AVALX	0.88	(0.16)	0.00	(0.49)	0.00	0.00	1.48	(1.91)	9.29

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