At Income Correlations

Mutual Funds . USA . 
Fund . At Income Opportunities
AWIIX Fund  USD 14.93  0.07  0.47%   
The current 90-days correlation between At Income Opportunities and At Equity Income is 0.41 (i.e., Very weak 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 0.81 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in At Income Opportunities. 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 AWIIX Mutual Fund

  0.99AWEIX Invesco DisciplinedPairCorr
  0.84AWGIX Cibc Atlas AllPairCorr
  0.82AWWIX Cibc Atlas InternationalPairCorr
  0.9AWYIX At Equity IncomePairCorr
  0.8ABALX American BalancedPairCorr
  0.8BALCX American BalancedPairCorr
  0.82BALFX American BalancedPairCorr
  0.93FBONX American Funds AmericanPairCorr
  0.93FBAFX American Funds AmericanPairCorr
  0.82RLBCX American BalancedPairCorr
  0.82RLBBX American BalancedPairCorr
  0.8CLBAX American BalancedPairCorr
  0.82CLBEX American BalancedPairCorr
  0.82RLBFX American BalancedPairCorr
  0.81EKWDX Wells Fargo AdvantagePairCorr
  0.72REVAX Rbc Funds TrustPairCorr
  0.77WMMAX Teton Westwood MightyPairCorr
  0.83ANFFX New Economy FundPairCorr
  0.74TSDCX Touchstone Ultra ShortPairCorr
  0.8ARANX Horizon Active RiskPairCorr
  0.83WFGGX Wcm Focused GlobalPairCorr
  0.75HSVRX Harbor Small CapPairCorr
  0.95ARGFX Ariel Fund InvestorPairCorr
  0.87BPSCX Boston Partners SmallPairCorr
  0.85PGGFX American Funds GlobalPairCorr
  0.78FAKTX American Funds 2015PairCorr
  0.81TIHPX Tiaa Cref HighPairCorr
  0.88MIEIX Mfs InstitutionalPairCorr
  0.64WEIAX Teton Vertible SecuritiesPairCorr
  0.84FNGRX Franklin InternationalPairCorr

Related Correlations Analysis


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.

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