Americafirst Defensive Correlations
| DGQUX Fund | USD 7.93 0.02 0.25% |
The current 90-days correlation between Americafirst Defensive and Arrow Managed Futures is 0.16 (i.e., Average 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 0.43 (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.
Americafirst |
Moving together with Americafirst Mutual Fund
Moving against Americafirst Mutual Fund
| 0.4 | SBQAX | Americafirst Large Cap | PairCorr |
| 0.4 | SBQIX | Americafirst Large Cap | PairCorr |
| 0.4 | SBQUX | Americafirst Large Cap | PairCorr |
| 0.39 | QLERX | Aqr Long Short | PairCorr |
| 0.38 | ABRUX | Americafirst Monthly | PairCorr |
| 0.38 | ABRWX | Americafirst Tactical | PairCorr |
| 0.38 | ABRFX | Americafirst Tactical | PairCorr |
| 0.48 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
| 0.48 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
| 0.48 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.48 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.48 | KNPYX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.46 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.46 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.43 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.43 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.43 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.41 | CPLIX | Calamos Phineus Longshort | PairCorr |
| 0.39 | ENPSX | Oil Gas Ultrasector Potential Growth | PairCorr |
| 0.32 | LGPIX | Large Cap Growth | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFTFX | 0.98 | (0.15) | 0.00 | (0.09) | 0.00 | 1.70 | 5.42 | |||
| QMHIX | 0.58 | 0.03 | (0.10) | 0.89 | 0.77 | 1.21 | 3.83 | |||
| FIBLX | 0.20 | (0.02) | 0.00 | (0.41) | 0.00 | 0.32 | 1.26 | |||
| FODVX | 0.19 | (0.03) | 0.00 | (0.55) | 0.00 | 0.30 | 1.17 | |||
| LIFFX | 0.12 | 0.00 | (0.73) | 0.04 | 0.06 | 0.34 | 0.77 | |||
| GSCFX | 0.21 | (0.03) | 0.00 | (0.86) | 0.00 | 0.33 | 1.30 | |||
| HIPSX | 0.16 | (0.03) | 0.00 | (0.36) | 0.00 | 0.30 | 0.98 |