Cibc Atlas Correlations

AWGIX Fund

USD 39.39 0.17 0.43%

The current 90-days correlation between Cibc Atlas All and Lord Abbett Diversified is 0.67 (i.e., Poor diversification). The correlation of Cibc Atlas 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.

Cibc Atlas Correlation With Market

Average diversification

The correlation between Cibc Atlas All and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cibc Atlas All 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 Cibc Atlas All. 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 gross domestic product.

Moving together with Cibc Mutual Fund

0.95	AWEIX	Invesco Disciplined	Pair Corr
0.93	AWIIX	At Income Opportunities	Pair Corr
0.91	AWMIX	At Mid Cap	Pair Corr
0.83	AWYIX	At Equity Income	Pair Corr
0.84	FAFGX	American Funds	Pair Corr
0.84	FFAFX	American Funds	Pair Corr
0.88	GFACX	Growth Fund	Pair Corr
0.8	GFAFX	Growth Fund	Pair Corr
0.85	CGFFX	Growth Fund	Pair Corr
0.88	CGFCX	Growth Fund	Pair Corr
0.85	CGFAX	Growth Fund	Pair Corr
0.86	CGFEX	Growth Fund	Pair Corr
0.85	RGAEX	Growth Fund	Pair Corr
0.67	SFMRX	American Beacon Stephens	Pair Corr

Moving against Cibc Mutual Fund

0.72	GPICX	Guidepath Conservative	Pair Corr
0.64	DNFRX	Dunham Floating Rate	Pair Corr
0.57	PRFRX	T Rowe Price	Pair Corr
0.47	JASSX	James Alpha Structured	Pair Corr
0.44	RIMOX	City National Rochdale	Pair Corr
0.88	PRLVX	Private Shares	Pair Corr
0.63	DNMDX	Dunham Monthly Distr	Pair Corr
0.62	LFRFX	Floating Rate	Pair Corr
0.47	TSDDX	Touchstone Funds	Pair Corr

Related Correlations Analysis

	ISFYX	FARIX	SRDAX	TLSHX	FHCOX	VYRPX	CAARX
ISFYX		0.76	0.01	0.97	0.15	0.96	0.86	ISFYX
FARIX	0.76		-0.39	0.69	-0.24	0.67	0.68	FARIX
SRDAX	0.01	-0.39		-0.03	0.95	0.11	-0.12	SRDAX
TLSHX	0.97	0.69	-0.03		0.08	0.97	0.9	TLSHX
FHCOX	0.15	-0.24	0.95	0.08		0.22	-0.01	FHCOX
VYRPX	0.96	0.67	0.11	0.97	0.22		0.9	VYRPX
CAARX	0.86	0.68	-0.12	0.9	-0.01	0.9		CAARX
	ISFYX	FARIX	SRDAX	TLSHX	FHCOX	VYRPX	CAARX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TLSHX	+ 0.97	ISFYX
VYRPX	+ 0.97	TLSHX
VYRPX	+ 0.96	ISFYX
FHCOX	+ 0.95	SRDAX
CAARX	+ 0.9	TLSHX
CAARX	+ 0.9	VYRPX

High negative correlations

SRDAX	- 0.39	FARIX
FHCOX	- 0.24	FARIX
CAARX	- 0.12	SRDAX
TLSHX	- 0.03	SRDAX
CAARX	- 0.01	FHCOX

Risk-Adjusted Indicators

There is a big difference between Cibc Mutual Fund performing well and Cibc Atlas 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 Cibc Atlas' 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
ISFYX	0.28	0.00	(0.15)	0.11	0.35	(0.30)	0.63	(0.50)	2.00
FARIX	0.31	(0.02)	0.00	(0.22)	0.00	0.00	0.65	(0.62)	2.12
SRDAX	0.15	0.04	(0.20)	(1.16)	0.00	(0.20)	0.38	(0.29)	1.05
TLSHX	0.26	0.00	(0.17)	0.07	0.34	(0.28)	0.55	(0.54)	1.95
FHCOX	0.04	0.01	0.00	4.94	0.00	0.00	0.10	0.00	0.61
VYRPX	0.18	0.00	(0.22)	0.10	0.18	(0.28)	0.48	(0.39)	1.74
CAARX	0.25	0.00	(0.20)	0.27	0.35	(0.27)	0.61	(0.50)	2.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC