At Income Correlations
| AWIIX Fund | USD 15.12 0.07 0.47% |
The current 90-days correlation between At Income Opportunities and Maryland Tax Free Bond is 0.01 (i.e., Significant diversification). The correlation of At Income 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.
At Income Correlation With Market
Very poor diversification
The correlation between At Income Opportunities and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Income Opportunities and DJI in the same portfolio, assuming nothing else is changed.
AWIIX |
Moving together with AWIIX Mutual Fund
| 0.66 | ASG | Liberty All Star | PairCorr |
| 0.67 | ETY | Eaton Vance Tax | PairCorr |
| 0.69 | NDXKX | Nasdaq 100 Index | PairCorr |
| 0.64 | IGMSX | Vy Oppenheimer Global | PairCorr |
| 0.63 | FXAIX | Fidelity 500 Index | PairCorr |
Related Correlations Analysis
| 0.88 | 0.96 | 0.62 | 0.64 | 0.54 | 0.63 | TFBIX | ||
| 0.88 | 0.94 | 0.32 | 0.38 | 0.23 | 0.4 | USCBX | ||
| 0.96 | 0.94 | 0.42 | 0.56 | 0.33 | 0.49 | PATFX | ||
| 0.62 | 0.32 | 0.42 | 0.55 | 0.94 | 0.8 | GHVIX | ||
| 0.64 | 0.38 | 0.56 | 0.55 | 0.5 | 0.77 | JAFLX | ||
| 0.54 | 0.23 | 0.33 | 0.94 | 0.5 | 0.79 | SGYAX | ||
| 0.63 | 0.4 | 0.49 | 0.8 | 0.77 | 0.79 | TTRBX | ||
Risk-Adjusted Indicators
There is a big difference between AWIIX Mutual Fund performing well and At Income 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 At Income'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFBIX | 0.07 | 0.02 | (0.43) | (0.78) | 0.00 | 0.20 | 0.60 | |||
| USCBX | 0.10 | 0.02 | (0.46) | 2.61 | 0.00 | 0.29 | 0.58 | |||
| PATFX | 0.09 | 0.02 | (0.46) | (1.65) | 0.00 | 0.27 | 0.72 | |||
| GHVIX | 0.12 | 0.01 | (0.39) | 0.32 | 0.00 | 0.29 | 0.77 | |||
| JAFLX | 0.12 | 0.00 | (0.39) | 0.29 | 0.08 | 0.20 | 0.91 | |||
| SGYAX | 0.13 | 0.00 | (0.34) | 0.08 | 0.00 | 0.29 | 1.00 | |||
| TTRBX | 0.09 | (0.01) | (0.60) | (0.05) | 0.05 | 0.20 | 0.50 |