Al Frank Correlations

VALAX Fund

USD 29.62 0.39 1.33%

The current 90-days correlation between Al Frank Fund and Eventide Healthcare Life is 0.19 (i.e., Average diversification). The correlation of Al Frank 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.

Al Frank Correlation With Market

Very weak diversification

The correlation between Al Frank Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Al Frank Fund 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 Al Frank 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 nation.

Moving together with VALAX Mutual Fund

0.9	VVIAX	Vanguard Value Index	Pair Corr
0.82	AWSHX	Washington Mutual	Pair Corr
0.82	WSHCX	Washington Mutual	Pair Corr
0.79	WSHFX	Washington Mutual	Pair Corr
0.73	DODGX	Dodge Stock Fund	Pair Corr
0.81	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.88	RLBAX	American Balanced	Pair Corr
0.84	IGHAX	Voya Global Equity	Pair Corr
0.65	JLPSX	Jpmorgan Large Cap	Pair Corr
0.96	FKKSX	Federated Kaufmann Small	Pair Corr
0.83	JAKSX	Jpmorgan Smartretirement	Pair Corr
0.87	SEFCX	Sit International Equity	Pair Corr
0.88	PFGRX	Pioneer Fundamental	Pair Corr
0.91	DLHAX	Delaware Healthcare	Pair Corr
0.89	MVSSX	Victory Integrity Small	Pair Corr
0.8	ATGAX	Aquila Three Peaks	Pair Corr
0.92	FSMVX	Fidelity Mid Cap	Pair Corr
0.88	RYTRX	Royce Total Return	Pair Corr
0.86	FDIVX	Fidelity Diversified	Pair Corr
0.67	VMVFX	Vanguard Global Minimum	Pair Corr
0.75	VSPAX	Voya Solution 2060	Pair Corr
0.94	JABRX	Janus Balanced	Pair Corr
0.8	PATIX	T Rowe Price	Pair Corr

Moving against VALAX Mutual Fund

0.43	AMRMX	American Mutual	Pair Corr
0.38	ONERX	One Rock Fund	Pair Corr
0.32	MBIRX	Morgan Stanley Insight	Pair Corr
0.32	MCRTX	Morgan Stanley Multi	Pair Corr
0.47	XPCQX	Pimco California Mun	Pair Corr
0.32	MSCMX	Morgan Stanley Multi	Pair Corr
0.5	DVFNX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	ETAHX	FHCCX	VGHCX	LHCCX	LOGSX	RAGHX	PGHAX
ETAHX		0.39	0.96	0.96	0.92	0.93	0.91	ETAHX
FHCCX	0.39		0.36	0.48	0.46	0.38	0.47	FHCCX
VGHCX	0.96	0.36		0.95	0.96	0.96	0.97	VGHCX
LHCCX	0.96	0.48	0.95		0.96	0.96	0.96	LHCCX
LOGSX	0.92	0.46	0.96	0.96		0.98	0.96	LOGSX
RAGHX	0.93	0.38	0.96	0.96	0.98		0.96	RAGHX
PGHAX	0.91	0.47	0.97	0.96	0.96	0.96		PGHAX
	ETAHX	FHCCX	VGHCX	LHCCX	LOGSX	RAGHX	PGHAX

Risk-Adjusted Indicators

There is a big difference between VALAX Mutual Fund performing well and Al Frank 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 Al Frank'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
ETAHX	1.03	0.29	0.26	0.44	0.66	(1.20)	3.21	(1.51)	5.64
FHCCX	0.92	(0.15)	0.00	(0.16)	0.00	0.00	1.49	(1.56)	19.23
VGHCX	0.62	0.16	0.19	0.36	0.36	(0.70)	2.21	(1.24)	5.27
LHCCX	0.70	0.14	0.15	0.28	0.57	(0.84)	1.89	(1.14)	4.51
LOGSX	0.60	0.11	0.11	0.24	0.60	(0.68)	1.39	(1.14)	4.58
RAGHX	0.68	0.13	0.15	0.23	0.51	(0.86)	1.72	(1.11)	4.55
PGHAX	0.60	0.10	0.11	0.26	0.49	(0.72)	1.85	(1.11)	5.20

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