Aquila Tax-free Correlations

Aquila Tax-free Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aquila Tax Free Trust. 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 census.

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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    TWBIX + 0.89 VOLJX FFCGX + 0.82 TWBIX FFCGX + 0.66 VOLJX MFTFX + 0.42 FABXX TWBIX + 0.3 LTFXX FFCGX + 0.21 LTFXX

High negative correlations    MFTFX - 0.38 LTFXX MFTFX - 0.35 FFCGX FFCGX - 0.24 FABXX TWBIX - 0.23 FABXX FABXX - 0.18 LTFXX VOLJX - 0.17 FABXX

Risk-Adjusted Indicators

There is a big difference between Aquila Mutual Fund performing well and Aquila Tax-free 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 Aquila Tax-free'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.