At Mid Correlations

AWMIX Fund

USD 20.78 0.19 0.92%

The current 90-days correlation between At Mid Cap and Lord Abbett Diversified is 0.7 (i.e., Poor diversification). The correlation of At Mid 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 Mid Correlation With Market

Modest diversification

The correlation between At Mid Cap and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Mid Cap 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 Mid Cap. 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 AWMIX Mutual Fund

0.97	AWEIX	Invesco Disciplined	Pair Corr
0.94	AWGIX	Cibc Atlas All	Pair Corr
0.95	AWIIX	At Income Opportunities	Pair Corr
0.88	AWYIX	At Equity Income	Pair Corr
0.88	PAMCX	T Rowe Price	Pair Corr
0.87	RRMGX	T Rowe Price	Pair Corr
0.88	TRQZX	T Rowe Price	Pair Corr
0.82	RPMGX	T Rowe Price	Pair Corr
0.92	PRJIX	T Rowe Price	Pair Corr
0.87	PRNHX	T Rowe Price	Pair Corr
0.92	TRUZX	T Rowe Price	Pair Corr
0.85	PCBIX	Midcap Fund Institutional	Pair Corr
0.85	PEMGX	Midcap Fund Class	Pair Corr
0.85	PMBCX	Midcap Fund Class	Pair Corr
0.85	IFN	India Closed	Pair Corr
0.75	DOXBX	Dodge Cox Balanced	Pair Corr
0.9	ORIYX	Oak Ridge Small	Pair Corr
0.72	PRQZX	Pimco Realpath Blend	Pair Corr
0.72	MVLCX	Mfs Value 529	Pair Corr
0.85	WMICX	Wasatch Micro Cap	Pair Corr
0.74	JFFAX	Jpmorgan Smartretirement	Pair Corr

Moving against AWMIX Mutual Fund

0.33	CII	Blackrock Enhanced	Pair Corr
0.77	PRLVX	Private Shares	Pair Corr
0.57	GPICX	Guidepath Conservative	Pair Corr
0.53	DNMDX	Dunham Monthly Distr	Pair Corr

Related Correlations Analysis

	LIGFX	DLTZX	FHCOX	SRDAX	ISFYX	GPICX	XACVX	FPTPX
LIGFX		0.35	-0.08	-0.24	1.0	-0.02	0.76	0.9	LIGFX
DLTZX	0.35		0.84	0.73	0.36	0.79	0.29	0.01	DLTZX
FHCOX	-0.08	0.84		0.93	-0.06	0.95	-0.1	-0.43	FHCOX
SRDAX	-0.24	0.73	0.93		-0.22	0.92	-0.18	-0.54	SRDAX
ISFYX	1.0	0.36	-0.06	-0.22		-0.01	0.77	0.89	ISFYX
GPICX	-0.02	0.79	0.95	0.92	-0.01		-0.04	-0.37	GPICX
XACVX	0.76	0.29	-0.1	-0.18	0.77	-0.04		0.71	XACVX
FPTPX	0.9	0.01	-0.43	-0.54	0.89	-0.37	0.71		FPTPX
	LIGFX	DLTZX	FHCOX	SRDAX	ISFYX	GPICX	XACVX	FPTPX

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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

ISFYX	+ 1.0	LIGFX
GPICX	+ 0.95	FHCOX
SRDAX	+ 0.93	FHCOX
GPICX	+ 0.92	SRDAX
FPTPX	+ 0.9	LIGFX
FPTPX	+ 0.89	ISFYX

High negative correlations

FPTPX	- 0.54	SRDAX
FPTPX	- 0.43	FHCOX
FPTPX	- 0.37	GPICX
SRDAX	- 0.24	LIGFX
ISFYX	- 0.22	SRDAX
XACVX	- 0.18	SRDAX

Risk-Adjusted Indicators

There is a big difference between AWMIX Mutual Fund performing well and At Mid 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 Mid'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
LIGFX	0.29	0.02	(0.08)	0.17	0.37	(0.31)	0.62	(0.49)	2.04
DLTZX	0.08	0.00	(0.36)	0.40	0.00	(0.19)	0.26	(0.13)	0.64
FHCOX	0.03	0.01	0.00	(0.64)	0.00	0.00	0.10	0.00	0.50
SRDAX	0.15	0.02	(0.18)	0.70	0.07	(0.19)	0.29	(0.37)	0.95
ISFYX	0.29	0.02	(0.07)	0.18	0.34	(0.32)	0.63	(0.50)	2.00
GPICX	0.04	0.00	0.00	(1.33)	0.00	0.00	0.10	0.00	0.42
XACVX	0.74	0.09	0.02	15.67	0.96	(0.78)	1.78	(1.74)	5.43
FPTPX	0.31	(0.01)	(0.10)	0.03	0.50	(0.32)	0.53	(0.67)	2.16

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