Americafirst Defensive Correlations

DGQAX Fund

USD 8.48 0.01 0.12%

The current 90-days correlation between Americafirst Defensive and Americafirst Large Cap is 0.29 (i.e., Modest diversification). The correlation of Americafirst Defensive 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.

Americafirst Defensive Correlation With Market

Very weak diversification

The correlation between Americafirst Defensive Growth and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Defensive Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Americafirst Defensive Growth. 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 nation.

Moving together with Americafirst Mutual Fund

1.0	DGQUX	Americafirst Defensive	Pair Corr
1.0	DGQIX	Americafirst Defensive	Pair Corr
0.64	PWLIX	Pimco Rae Worldwide	Pair Corr
0.62	PWLMX	Pimco Rae Worldwide	Pair Corr

Moving against Americafirst Mutual Fund

0.35	SBQAX	Americafirst Large Cap	Pair Corr
0.35	SBQIX	Americafirst Large Cap	Pair Corr
0.35	SBQUX	Americafirst Large Cap	Pair Corr
0.34	QLERX	Aqr Long Short	Pair Corr
0.31	ABRUX	Americafirst Monthly	Pair Corr
0.31	ABRWX	Americafirst Tactical	Pair Corr
0.31	ABRFX	Americafirst Tactical	Pair Corr
0.4	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.39	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.32	VEMPX	Vanguard Extended Market	Pair Corr
0.31	BOSOX	Boston Trust Small	Pair Corr

Related Correlations Analysis

	SBQAX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX	DGQIX
SBQAX		0.96	0.96	0.96	0.87	0.87	0.86	-0.38	-0.32	SBQAX
ABRUX	0.96		1.0	1.0	0.88	0.87	0.86	-0.34	-0.27	ABRUX
ABRWX	0.96	1.0		1.0	0.88	0.87	0.86	-0.34	-0.27	ABRWX
ABRFX	0.96	1.0	1.0		0.88	0.87	0.86	-0.34	-0.27	ABRFX
AFPIX	0.87	0.88	0.88	0.88		1.0	1.0	-0.07	0.01	AFPIX
AFPAX	0.87	0.87	0.87	0.87	1.0		1.0	-0.06	0.02	AFPAX
AFPUX	0.86	0.86	0.86	0.86	1.0	1.0		-0.05	0.03	AFPUX
DGQUX	-0.38	-0.34	-0.34	-0.34	-0.07	-0.06	-0.05		0.99	DGQUX
DGQIX	-0.32	-0.27	-0.27	-0.27	0.01	0.02	0.03	0.99		DGQIX
	SBQAX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX	DGQIX

Click cells to compare fundamentals

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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

ABRWX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRWX
AFPAX	+ 1.0	AFPIX
AFPUX	+ 1.0	AFPIX
AFPUX	+ 1.0	AFPAX

High negative correlations

DGQUX	- 0.38	SBQAX
DGQUX	- 0.34	ABRFX
DGQUX	- 0.34	ABRWX
DGQUX	- 0.34	ABRUX
DGQIX	- 0.32	SBQAX
DGQIX	- 0.27	ABRFX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Defensive 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 Americafirst Defensive'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
SBQAX	0.65	0.04	0.04	0.16	0.62	(0.79)	1.41	(1.11)	4.87
ABRUX	0.90	0.10	0.12	0.21	0.85	(1.05)	2.14	(1.83)	5.42
ABRWX	0.90	0.11	0.12	0.21	0.87	(1.06)	2.19	(1.82)	5.40
ABRFX	0.90	0.10	0.12	0.21	0.87	(1.06)	2.18	(1.78)	5.38
AFPIX	0.52	0.01	(0.03)	0.13	0.47	(0.61)	1.05	(0.98)	3.82
AFPAX	0.52	0.01	(0.02)	0.13	0.43	(0.66)	1.11	(0.85)	3.70
AFPUX	0.52	0.01	(0.02)	0.13	0.47	(0.65)	1.08	(1.02)	3.74
DGQUX	0.31	(0.04)	0.00	(0.05)	0.00	0.00	0.63	(0.75)	2.13
DGQIX	0.31	(0.04)	(0.24)	(0.03)	0.45	(0.32)	0.64	(0.65)	2.24

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