Al Frank Correlations

VALAX Fund

USD 32.08 0.21 0.66%

The current 90-days correlation between Al Frank Fund and T Rowe Price is -0.09 (i.e., Good 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

Almost no diversification

The correlation between Al Frank Fund and DJI is 0.92 (i.e., Almost no 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

0.92	VVIAX	Vanguard Value Index	Pair Corr
0.91	AWSHX	Washington Mutual	Pair Corr
0.9	WSHCX	Washington Mutual	Pair Corr
0.9	WSHFX	Washington Mutual	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.94	DODGX	Dodge Stock Fund	Pair Corr
0.91	AMFFX	American Mutual	Pair Corr
0.91	AMFCX	American Mutual	Pair Corr
0.8	NHS	Neuberger Berman High	Pair Corr
0.82	LGOAX	Miller Opportunity Trust	Pair Corr
0.81	FFAFX	American Funds	Pair Corr
0.82	BBINX	Bbh Intermediate Mun	Pair Corr
0.91	RMFCX	American Mutual	Pair Corr
0.79	ERSTX	Eaton Vance Large	Pair Corr
0.88	GCEAX	Ab Global E	Pair Corr
0.7	HLPPX	Rems Real Estate	Pair Corr
0.89	TSWMX	Tsw Emerging Markets	Pair Corr
0.91	AMDWX	Amana Developing World	Pair Corr
0.86	VMVFX	Vanguard Global Minimum	Pair Corr
0.87	RNGAX	New Economy Fund	Pair Corr
0.91	PJDQX	Pgim Jennison Rising	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.91	CWIFX	Capital World Growth	Pair Corr
0.85	IBARX	Ivy Balanced	Pair Corr
0.76	VAFNX	Invesco American Fra	Pair Corr
0.92	FYLSX	Fidelity Flex Freedom	Pair Corr
0.86	GTAPX	Long/short Portfolio	Pair Corr
0.9	VTISX	Vanguard Total Inter	Pair Corr
0.88	RNGHX	New Economy Fund	Pair Corr
0.65	AMFEX	Aama Equity Fund	Pair Corr
0.8	AIBAX	Intermediate Bond	Pair Corr
0.62	PWJQX	Prudential Jennison	Pair Corr

Moving against VALAX Mutual Fund

0.37

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	FDBLX	MBSAX	GOBAX	VBISX	LSHEX	TRZOX
FDBLX		0.8	0.82	0.89	0.72	0.84	FDBLX
MBSAX	0.8		0.77	0.81	0.67	0.83	MBSAX
GOBAX	0.82	0.77		0.78	0.88	0.86	GOBAX
VBISX	0.89	0.81	0.78		0.69	0.95	VBISX
LSHEX	0.72	0.67	0.88	0.69		0.81	LSHEX
TRZOX	0.84	0.83	0.86	0.95	0.81		TRZOX
	FDBLX	MBSAX	GOBAX	VBISX	LSHEX	TRZOX

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
FDBLX	0.12	0.01	(0.22)	0.29	0.00	(0.18)	0.35	(0.24)	0.71
MBSAX	0.21	0.05	0.00	0.51	0.00	(0.27)	0.42	(0.37)	2.25
GOBAX	0.26	0.04	(0.04)	0.27	0.17	(0.31)	0.55	(0.45)	1.64
VBISX	0.09	0.01	(0.46)	(1.00)	0.00	(0.14)	0.29	(0.10)	0.49
LSHEX	2.07	0.45	0.21	0.46	1.76	(2.47)	5.75	(3.02)	14.38
TRZOX	0.07	0.01	0.00	(0.80)	0.00	0.00	0.22	(0.22)	0.44

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