At Equity Correlations

AWYIX Fund

USD 64.36 0.52 0.81%

The current 90-days correlation between At Equity Income and Emerging Markets Fund is 0.47 (i.e., Very weak diversification). The correlation of At Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between At Equity Income and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Equity Income 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 Equity Income. 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 AWYIX Mutual Fund

0.9	AWEIX	Invesco Disciplined	Pair Corr
0.77	AWGIX	Cibc Atlas All	Pair Corr
0.91	AWIIX	At Income Opportunities	Pair Corr
0.67	AWMIX	At Mid Cap	Pair Corr
0.94	AWWIX	Cibc Atlas International	Pair Corr
0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr
0.9	EKWDX	Wells Fargo Advantage	Pair Corr
0.87	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.87	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.87	MVSSX	Victory Integrity Small	Pair Corr
0.79	DHNYX	Diamond Hill Core	Pair Corr
0.92	NDCRX	American Funds Retirement	Pair Corr
0.96	JFLJX	Jpmorgan Investor	Pair Corr
0.83	NCAAX	Nuveen California	Pair Corr
0.95	CGVEX	American Funds Global	Pair Corr
0.9	JORNX	Janus Global Select	Pair Corr
0.9	JORRX	Janus Global Select	Pair Corr
0.85	FANDX	Fidelity Advisor Sust	Pair Corr
0.95	TTIHX	Tiaa Cref Lifecycle	Pair Corr
0.94	CWIEX	Capital World Growth	Pair Corr
0.96	RRSUX	T Rowe Price	Pair Corr
0.89	SWGRX	Schwab Target 2015	Pair Corr
0.93	IMOYX	Pioneer Solutions	Pair Corr
0.86	MBLAX	Madison Diversified	Pair Corr
0.67	CSFAX	Cohen Steers Global	Pair Corr
0.96	ANOIX	Small Cap Growth	Pair Corr
0.9	APDFX	Artisan High Income	Pair Corr
0.94	ISPDX	Voya Solution 2045	Pair Corr

Related Correlations Analysis

	SMBYX	FAMVX	GCMAX	SEQFX	SPFZX	PGFIX	PGWAX	BIOIX	TEDMX	AMKIX
SMBYX		0.89	0.99	0.78	0.31	-0.16	0.67	0.35	0.76	0.76	SMBYX
FAMVX	0.89		0.85	0.76	0.18	-0.13	0.51	0.32	0.74	0.75	FAMVX
GCMAX	0.99	0.85		0.8	0.23	-0.24	0.64	0.27	0.78	0.78	GCMAX
SEQFX	0.78	0.76	0.8		-0.13	-0.42	0.36	-0.11	1.0	1.0	SEQFX
SPFZX	0.31	0.18	0.23	-0.13		0.81	0.8	0.84	-0.14	-0.13	SPFZX
PGFIX	-0.16	-0.13	-0.24	-0.42	0.81		0.49	0.71	-0.42	-0.4	PGFIX
PGWAX	0.67	0.51	0.64	0.36	0.8	0.49		0.68	0.34	0.34	PGWAX
BIOIX	0.35	0.32	0.27	-0.11	0.84	0.71	0.68		-0.13	-0.11	BIOIX
TEDMX	0.76	0.74	0.78	1.0	-0.14	-0.42	0.34	-0.13		1.0	TEDMX
AMKIX	0.76	0.75	0.78	1.0	-0.13	-0.4	0.34	-0.11	1.0		AMKIX
	SMBYX	FAMVX	GCMAX	SEQFX	SPFZX	PGFIX	PGWAX	BIOIX	TEDMX	AMKIX

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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

TEDMX	+ 1.0	SEQFX
AMKIX	+ 1.0	SEQFX
AMKIX	+ 1.0	TEDMX
GCMAX	+ 0.99	SMBYX
FAMVX	+ 0.89	SMBYX
GCMAX	+ 0.85	FAMVX

High negative correlations

TEDMX	- 0.42	PGFIX
PGFIX	- 0.42	SEQFX
AMKIX	- 0.4	PGFIX
PGFIX	- 0.24	GCMAX
PGFIX	- 0.16	SMBYX
TEDMX	- 0.14	SPFZX

Risk-Adjusted Indicators

There is a big difference between AWYIX Mutual Fund performing well and At Equity 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 Equity'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
SMBYX	0.80	0.12	0.14	0.16	0.66	(0.97)	1.74	(1.52)	10.24
FAMVX	0.63	0.04	0.04	0.10	0.65	(0.70)	1.34	(1.25)	4.33
GCMAX	1.00	0.27	0.35	0.24	0.30	(1.26)	2.08	(1.39)	18.37
SEQFX	0.61	0.17	0.21	0.38	0.29	(0.75)	1.44	(1.10)	3.67
SPFZX	0.78	(0.15)	0.00	(0.15)	0.00	0.00	1.62	(2.10)	5.26
PGFIX	0.76	(0.17)	0.00	(0.16)	0.00	0.00	1.51	(1.98)	4.74
PGWAX	0.82	(0.07)	0.00	(0.04)	0.00	0.00	1.58	(1.97)	7.62
BIOIX	0.85	(0.10)	0.00	(0.07)	0.00	0.00	2.07	(1.87)	7.42
TEDMX	0.73	0.18	0.19	0.36	0.50	(0.80)	1.95	(1.18)	3.95
AMKIX	0.72	0.15	0.15	0.31	0.58	(0.83)	1.49	(1.29)	4.05

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