Al Frank Correlations

VALAX Fund

USD 30.52 0.33 1.07%

The current 90-days correlation between Al Frank Fund and Tiaa Cref Small Cap Equity is 0.32 (i.e., Weak 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 0.9 (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

0.93	VVIAX	Vanguard Value Index	Pair Corr
0.89	AWSHX	Washington Mutual	Pair Corr
0.89	WSHCX	Washington Mutual	Pair Corr
0.87	WSHFX	Washington Mutual	Pair Corr
0.9	FWWMX	American Funds Washington	Pair Corr
0.9	FWMMX	American Funds Washington	Pair Corr
0.86	DODGX	Dodge Stock Fund	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.89	AMFCX	American Mutual	Pair Corr
0.87	BRUFX	Bruce Fund Bruce	Pair Corr
0.73	SPGSX	State Street Premier	Pair Corr
0.76	KF	Korea Closed	Pair Corr
0.85	RSFYX	Victory Floating Rate	Pair Corr
0.92	PFRZX	Putnam Floating Rate	Pair Corr
0.99	JANEX	Janus Enterprise	Pair Corr
0.91	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.7	GCCHX	Gmo Climate Change	Pair Corr
0.85	DFUKX	United Kingdom Small	Pair Corr
0.93	HILFX	Hennessy Large Cap	Pair Corr
0.78	VIEIX	Vanguard Extended Market	Pair Corr
0.8	GTHCX	Invesco Global Health	Pair Corr
0.9	VFSUX	Vanguard Short Term	Pair Corr
0.84	DSSMX	Dfa Selective State	Pair Corr
0.88	OISGX	Optimum Small Mid	Pair Corr
0.81	DWAFX	Arrow Dwa Balanced	Pair Corr
0.94	BIERX	Brandes International	Pair Corr
0.96	SCRSX	Small Cap Core	Pair Corr
0.91	VWINX	Vanguard Wellesley Income	Pair Corr
0.95	GCVIX	Goldman Sachs Large	Pair Corr
0.9	CSIEX	Calvert Equity Portfolio	Pair Corr
0.98	OFAFX	Olstein All Cap	Pair Corr
0.94	MSSIX	Victory Trivalent	Pair Corr
0.94	GBMFX	Gmo Benchmark Free	Pair Corr
0.85	JRLWX	Retirement Living Through	Pair Corr
0.92	EPIVX	Europac International	Pair Corr

Moving against VALAX Mutual Fund

0.57

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	ELDFX	HWCAX	HIIDX	GABSX	BIAUX	PENNX	TSCHX
ELDFX		0.75	0.94	0.81	0.82	0.85	0.84	ELDFX
HWCAX	0.75		0.83	0.88	0.89	0.92	0.93	HWCAX
HIIDX	0.94	0.83		0.86	0.92	0.93	0.93	HIIDX
GABSX	0.81	0.88	0.86		0.87	0.94	0.93	GABSX
BIAUX	0.82	0.89	0.92	0.87		0.95	0.97	BIAUX
PENNX	0.85	0.92	0.93	0.94	0.95		0.99	PENNX
TSCHX	0.84	0.93	0.93	0.93	0.97	0.99		TSCHX
	ELDFX	HWCAX	HIIDX	GABSX	BIAUX	PENNX	TSCHX

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
ELDFX	0.43	0.09	0.09	0.27	0.27	(0.48)	0.82	(0.77)	6.39
HWCAX	0.78	0.21	0.26	0.33	0.34	(1.01)	1.59	(1.07)	12.40
HIIDX	0.63	0.15	0.18	0.26	0.42	(0.74)	1.33	(1.12)	6.31
GABSX	0.74	0.12	0.14	0.19	0.55	(0.85)	2.33	(1.28)	5.07
BIAUX	1.04	0.23	0.24	0.28	0.59	(1.33)	2.57	(1.42)	15.82
PENNX	0.91	0.13	0.16	0.16	0.70	(1.09)	2.06	(1.42)	8.82
TSCHX	0.97	0.19	0.16	0.25	0.91	(1.12)	2.04	(1.91)	7.67

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