Advisors Inner Correlations

BNIVX Fund

USD 10.67 0.06 0.57%

The current 90-days correlation between Advisors Inner Circle and Ivy Science And is 0.11 (i.e., Average diversification). The correlation of Advisors Inner 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.

Advisors Inner Correlation With Market

Modest diversification

The correlation between Advisors Inner Circle and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Inner Circle and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 real.

Moving together with Advisors Mutual Fund

0.62	BTRIX	Bmo In Retirement	Pair Corr
0.65	BEMVX	Advisors Inner Circle	Pair Corr
0.87	DOXFX	Dodge Cox International	Pair Corr
0.88	OANIX	Oakmark International	Pair Corr
0.87	DODFX	Dodge International Stock	Pair Corr
0.93	OAKIX	Oakmark International	Pair Corr
0.88	OAYIX	Oakmark International	Pair Corr
0.88	OAZIX	Oakmark International	Pair Corr
0.82	FINVX	Fidelity Series Inte	Pair Corr
0.87	VTRIX	Vanguard International	Pair Corr
0.86	RRIGX	T Rowe Price	Pair Corr
0.88	NHS	Neuberger Berman High	Pair Corr

Moving against Advisors Mutual Fund

0.61	BFRNX	Barrow Hanley Floating	Pair Corr
0.51	BCONX	Barrow Hanley Credit	Pair Corr
0.45	BVOIX	Barrow Hanley Value	Pair Corr
0.54	LCEYX	Invesco Diversified	Pair Corr
0.5	GCSVX	Geneva Smid Cap	Pair Corr
0.43	VFINX	Vanguard 500 Index	Pair Corr
0.43	FTUIX	Telecommunications	Pair Corr
0.43	FXAIX	Fidelity 500 Index	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.42	USA	Liberty All Star	Pair Corr
0.41	INDEX	Sp 500 Equal	Pair Corr
0.54	BDJ	Blackrock Enhanced Equity	Pair Corr
0.54	ADX	Adams Diversified Equity	Pair Corr
0.49	FTZFX	Fuller Thaler Behavioral	Pair Corr
0.47	VKSDX	Virtus Kar Small	Pair Corr

Related Correlations Analysis

	ISTNX	JAGTX	CMTFX	FIKHX	PGKCX	USTCX
ISTNX		0.9	0.96	0.92	0.92	0.86	ISTNX
JAGTX	0.9		0.93	0.92	0.99	0.97	JAGTX
CMTFX	0.96	0.93		0.98	0.94	0.93	CMTFX
FIKHX	0.92	0.92	0.98		0.93	0.93	FIKHX
PGKCX	0.92	0.99	0.94	0.93		0.96	PGKCX
USTCX	0.86	0.97	0.93	0.93	0.96		USTCX
	ISTNX	JAGTX	CMTFX	FIKHX	PGKCX	USTCX

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Risk-Adjusted Indicators

There is a big difference between Advisors Mutual Fund performing well and Advisors Inner 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 Advisors Inner'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
ISTNX	0.96	0.12	0.00	(8.66)	1.40	(0.96)	1.80	(2.44)	6.38
JAGTX	0.88	0.01	0.01	0.12	1.34	(0.85)	1.88	(2.58)	5.87
CMTFX	0.95	0.12	0.00	(1.94)	1.37	(0.94)	1.96	(2.56)	6.08
FIKHX	1.00	0.14	0.01	12.02	1.55	(0.92)	1.82	(2.57)	6.73
PGKCX	1.02	0.05	0.04	0.16	1.55	(1.00)	2.27	(2.67)	6.29
USTCX	0.89	0.08	0.05	0.19	1.24	(0.88)	2.39	(2.53)	6.28

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