Americafirst Large Correlations

SBQUX Fund

USD 13.78 0.10 0.73%

The current 90-days correlation between Americafirst Large Cap and Americafirst Monthly Risk On is 0.83 (i.e., Very poor 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 0.83 (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 employment.

Moving together with Americafirst Mutual Fund

1.0	SBQAX	Americafirst Large Cap	Pair Corr
1.0	SBQIX	Americafirst Large Cap	Pair Corr
0.95	ABRUX	Americafirst Monthly	Pair Corr
0.95	ABRWX	Americafirst Tactical	Pair Corr
0.95	ABRFX	Americafirst Tactical	Pair Corr
0.87	AFPIX	Americafirst Income	Pair Corr
0.87	AFPAX	Americafirst Income	Pair Corr
0.86	AFPUX	Americafirst Income	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.94	VIIIX	Vanguard Institutional	Pair Corr
0.63	LETRX	Voya Russia Fund	Pair Corr
0.93	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.93	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.93	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.93	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.93	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.93	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.78	SMPSX	Semiconductor Ultrasector	Pair Corr
0.93	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.93	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.94	ASCGX	Lebenthal Lisanti Small	Pair Corr
0.89	EADOX	Eaton Vance Emerging	Pair Corr
0.95	MUTHX	Franklin Mutual Shares	Pair Corr
0.92	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	GUHYX	Victory High Yield	Pair Corr
0.96	BOSOX	Boston Trust Small	Pair Corr
0.63	VMVFX	Vanguard Global Minimum	Pair Corr
0.7	RIDAX	Income Fund	Pair Corr

Moving against Americafirst Mutual Fund

0.38	DGQUX	Americafirst Defensive	Pair Corr
0.35	DGQAX	Americafirst Defensive	Pair Corr
0.32	DGQIX	Americafirst Defensive	Pair Corr

Related Correlations Analysis

	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX
ABRUX		1.0	1.0	0.88	0.87	0.86	-0.34	ABRUX
ABRWX	1.0		1.0	0.88	0.87	0.86	-0.34	ABRWX
ABRFX	1.0	1.0		0.88	0.87	0.86	-0.34	ABRFX
AFPIX	0.88	0.88	0.88		1.0	1.0	-0.07	AFPIX
AFPAX	0.87	0.87	0.87	1.0		1.0	-0.06	AFPAX
AFPUX	0.86	0.86	0.86	1.0	1.0		-0.05	AFPUX
DGQUX	-0.34	-0.34	-0.34	-0.07	-0.06	-0.05		DGQUX
	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX

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

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	- 0.34	ABRFX
DGQUX	- 0.34	ABRWX
DGQUX	- 0.34	ABRUX
DGQUX	- 0.07	AFPIX
DGQUX	- 0.06	AFPAX
DGQUX	- 0.05	AFPUX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
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

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