Ambassador Fund Correlations

EMPIX Fund

USD 10.08 0.01 0.1%

The current 90-days correlation between Ambassador Fund and The Hartford Healthcare is -0.2 (i.e., Good diversification). The correlation of Ambassador Fund 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.

Ambassador Fund Correlation With Market

Good diversification

The correlation between Ambassador Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambassador Fund 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 Ambassador Fund. 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 Ambassador Mutual Fund

0.95

TMPFX

Tactical Multi Purpose

Pair Corr

Moving against Ambassador Mutual Fund

0.83	EMWIX	Diplomat Fund	Pair Corr
0.42	DODIX	Dodge Income	Pair Corr
0.41	MWTNX	Metropolitan West Total	Pair Corr
0.41	MWTIX	Metropolitan West Total	Pair Corr
0.41	MWTRX	Metropolitan West Total	Pair Corr
0.38	MWTSX	Metropolitan West Total	Pair Corr
0.36	PTRRX	Total Return	Pair Corr
0.36	PTRAX	Total Return	Pair Corr
0.36	PBXIX	Rationalpier 88 Conv	Pair Corr

Related Correlations Analysis

	HGHYX	LYFAX	LHCCX	SCHLX	RYHCX	FHCCX	BGHDX	XXGRX
HGHYX		0.96	0.85	0.94	0.82	0.8	0.29	0.96	HGHYX
LYFAX	0.96		0.85	0.96	0.86	0.74	0.42	0.98	LYFAX
LHCCX	0.85	0.85		0.88	0.75	0.74	0.35	0.86	LHCCX
SCHLX	0.94	0.96	0.88		0.9	0.68	0.34	0.96	SCHLX
RYHCX	0.82	0.86	0.75	0.9		0.54	0.3	0.87	RYHCX
FHCCX	0.8	0.74	0.74	0.68	0.54		0.15	0.79	FHCCX
BGHDX	0.29	0.42	0.35	0.34	0.3	0.15		0.31	BGHDX
XXGRX	0.96	0.98	0.86	0.96	0.87	0.79	0.31		XXGRX
	HGHYX	LYFAX	LHCCX	SCHLX	RYHCX	FHCCX	BGHDX	XXGRX

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Risk-Adjusted Indicators

There is a big difference between Ambassador Mutual Fund performing well and Ambassador Fund 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 Ambassador Fund'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
HGHYX	0.77	(0.09)	0.00	(1.87)	0.00	0.00	1.44	(2.04)	6.19
LYFAX	0.65	(0.05)	0.00	(0.53)	0.00	0.00	1.12	(1.83)	3.02
LHCCX	0.78	0.03	(0.03)	(0.51)	1.27	(0.71)	1.65	(1.93)	5.15
SCHLX	0.64	(0.01)	(0.08)	(0.12)	0.90	(0.64)	1.29	(1.63)	3.10
RYHCX	0.65	(0.02)	(0.06)	0.03	0.94	(0.62)	1.20	(1.31)	3.51
FHCCX	1.01	(0.27)	0.00	(0.48)	0.00	0.00	1.21	(2.23)	15.50
BGHDX	0.71	(0.03)	0.00	0.92	0.00	0.00	1.88	(2.16)	8.70
XXGRX	0.76	(0.05)	0.00	(0.17)	0.00	0.00	1.74	(1.72)	3.52

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