Acclivity Mid Correlations

AXMIX Fund

USD 16.91 0.03 0.18%

The current 90-days correlation between Acclivity Mid Cap and Prudential Core Conservative is -0.08 (i.e., Good diversification). The correlation of Acclivity 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.

Acclivity Mid Correlation With Market

Average diversification

The correlation between Acclivity Mid Cap and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acclivity 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 Acclivity 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 Acclivity Mutual Fund

0.88	ICSIX	Dynamic Opportunity	Pair Corr
0.87	ICSNX	Dynamic Opportunity	Pair Corr
0.97	AXMNX	Acclivity Mid Cap	Pair Corr
0.92	AXVNX	Acclivity Small Cap	Pair Corr
0.92	AXVIX	Acclivity Small Cap	Pair Corr
0.96	VIMAX	Vanguard Mid Cap	Pair Corr
0.96	VIMSX	Vanguard Mid Cap	Pair Corr
0.96	VMCPX	Vanguard Mid Cap	Pair Corr
0.96	VMCIX	Vanguard Mid Cap	Pair Corr
0.98	VEXAX	Vanguard Extended Market	Pair Corr
0.96	VEMPX	Vanguard Extended Market	Pair Corr
0.98	VIEIX	Vanguard Extended Market	Pair Corr
0.96	VSEMX	Vanguard Extended Market	Pair Corr
0.96	VEXMX	Vanguard Extended Market	Pair Corr
0.98	FSMAX	Fidelity Extended Market	Pair Corr
0.94	KSOCX	Kinetics Small Cap	Pair Corr
0.93	KSCYX	Kinetics Small Cap	Pair Corr
0.92	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KINAX	Kinetics Internet	Pair Corr
0.93	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KSCOX	Kinetics Small Cap	Pair Corr
0.93	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.9	KINCX	Kinetics Internet	Pair Corr
0.95	IMOPX	Voya Midcap Opportunities	Pair Corr
0.95	NBGIX	Neuberger Berman Genesis	Pair Corr
0.93	VIGAX	Vanguard Growth Index	Pair Corr
0.74	FAIGX	Fidelity Advisor Balanced	Pair Corr
0.96	RYRUX	Russell 2000 2x Steady Growth	Pair Corr
0.96	FSRFX	Transportation Portfolio	Pair Corr
0.78	FHCOX	Federated Hermes Con	Pair Corr
0.84	BALFX	American Balanced	Pair Corr
0.94	GCPYX	Gateway Equity Call	Pair Corr

Moving against Acclivity Mutual Fund

0.34	ICCNX	Dynamic International	Pair Corr
0.33	ICCIX	Dynamic International	Pair Corr

Related Correlations Analysis

	PQCNX	CFAIX	DTICX	BICPX	HIIDX	HUDEX	XHNWX	EVFCX
PQCNX		0.63	0.77	0.74	0.57	-0.66	0.5	0.4	PQCNX
CFAIX	0.63		0.7	0.88	0.55	-0.01	0.58	0.83	CFAIX
DTICX	0.77	0.7		0.77	0.51	-0.39	0.73	0.64	DTICX
BICPX	0.74	0.88	0.77		0.68	-0.07	0.63	0.89	BICPX
HIIDX	0.57	0.55	0.51	0.68		-0.14	0.29	0.58	HIIDX
HUDEX	-0.66	-0.01	-0.39	-0.07	-0.14		-0.08	0.32	HUDEX
XHNWX	0.5	0.58	0.73	0.63	0.29	-0.08		0.63	XHNWX
EVFCX	0.4	0.83	0.64	0.89	0.58	0.32	0.63		EVFCX
	PQCNX	CFAIX	DTICX	BICPX	HIIDX	HUDEX	XHNWX	EVFCX

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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

EVFCX	+ 0.89	BICPX
BICPX	+ 0.88	CFAIX
EVFCX	+ 0.83	CFAIX
DTICX	+ 0.77	PQCNX
BICPX	+ 0.77	DTICX
BICPX	+ 0.74	PQCNX

High negative correlations

HUDEX	- 0.66	PQCNX
HUDEX	- 0.39	DTICX
HUDEX	- 0.14	HIIDX
XHNWX	- 0.08	HUDEX
HUDEX	- 0.07	BICPX
HUDEX	- 0.01	CFAIX

Risk-Adjusted Indicators

There is a big difference between Acclivity Mutual Fund performing well and Acclivity 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 Acclivity 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
PQCNX	0.23	(0.03)	0.00	(0.33)	0.00	0.00	0.46	(0.69)	1.40
CFAIX	0.24	(0.02)	(0.37)	0.05	0.24	(0.26)	0.44	(0.49)	1.26
DTICX	0.07	(0.01)	(0.81)	(0.33)	0.04	(0.15)	0.13	(0.13)	0.64
BICPX	0.19	(0.01)	(0.47)	0.02	0.18	(0.29)	0.44	(0.43)	1.21
HIIDX	0.63	(0.05)	0.00	6.16	0.00	0.00	1.26	(1.49)	4.09
HUDEX	0.68	0.06	(0.07)	0.90	0.72	(0.76)	1.58	(1.15)	5.46
XHNWX	0.14	0.00	(0.35)	0.85	0.22	(0.16)	0.31	(0.46)	1.38
EVFCX	0.16	0.00	(0.53)	0.17	0.12	(0.21)	0.40	(0.31)	1.12

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