Americafirst Large Correlations

Mutual Funds . USA . 
Fund . Americafirst Large Cap
SBQIX Fund  USD 15.17  0.06  0.39%   
The current 90-days correlation between Americafirst Large Cap and Tiaa Cref Smallmid Cap Equity is 0.1 (i.e., Average diversification). The correlation of Americafirst Large 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 Large Correlation With Market

Very poor diversification

The correlation between Americafirst Large Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americafirst Large Cap. 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 AMERICAFIRST Mutual Fund

  0.97SBQAX Americafirst Large CapPairCorr
  0.97SBQUX Americafirst Large CapPairCorr
  0.96ABRUX Americafirst MonthlyPairCorr
  0.96ABRWX Americafirst TacticalPairCorr
  0.96ABRFX Americafirst TacticalPairCorr
  0.89AFPIX Americafirst IncomePairCorr
  0.89AFPAX Americafirst IncomePairCorr
  0.88AFPUX Americafirst IncomePairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr
  0.95VIIIX Vanguard InstitutionalPairCorr
  0.97WCPSX Mobile TelecommunicatioPairCorr
  0.92MIGYX Oppenheimer Main StreetPairCorr
  0.96FGLGX Fidelity Series GrowthPairCorr
  0.9RICGX Investment Of AmericaPairCorr
  0.93LVAMX Lsv Managed VolatilityPairCorr
  0.96SPXUX Wisdomtree Digital TrustPairCorr
  0.84MMBDX Massmutual PremierPairCorr
  0.8RBVAX Rbc Small CapPairCorr
  0.92ASVNX Small Cap ValuePairCorr
  0.86CILGX Clarkston Fund InstiPairCorr
  0.88TASMX Transamerica Smallmid CapPairCorr
  0.86PFRIX Prudential Floating RatePairCorr
  0.66GLRBX James Balanced GoldenPairCorr
  0.71JHYFX Janus High YieldPairCorr

Moving against AMERICAFIRST Mutual Fund

  0.4DGQUX Americafirst DefensivePairCorr
  0.4DGQAX Americafirst DefensivePairCorr
  0.35DGQIX Americafirst DefensivePairCorr
  0.32VTISX Vanguard Total InterPairCorr
  0.32VTSNX Vanguard Total InterPairCorr
  0.32VTPSX Vanguard Total InterPairCorr
  0.38PRCEX Real Estate SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
USCAX
+ 0.95
TSMUX
TBDQX
+ 0.91
TSMUX
TBDQX
+ 0.83
USCAX
LIGFX
+ 0.82
TSMUX
USCAX
+ 0.8
LIGFX
TBDQX
+ 0.8
LIGFX
  
High negative correlations   
GUDAX
- 0.0
TBDQX
GUDAX
- 0.0
USCAX
GUDAX
- 0.0
LIGFX
GUDAX
- 0.0
TSMUX

Risk-Adjusted Indicators

There is a big difference between AMERICAFIRST Mutual Fund performing well and Americafirst Large 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 Large'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY