Acap Strategic Correlations

Mutual Funds . USA . 
Fund . Acap Strategic
XCAPX Fund  USD 30.02  0.14  0.46%   
The current 90-days correlation between Acap Strategic and Artisan Emerging Markets is 0.37 (i.e., Weak diversification). The correlation of Acap Strategic 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.

Acap Strategic Correlation With Market

Very poor diversification

The correlation between Acap Strategic and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acap Strategic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Acap Strategic. 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 Acap Mutual Fund

  0.81VTSAX Vanguard Total StockPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.81VSTSX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.88VSMPX Vanguard Total StockPairCorr
  0.79VTIAX Vanguard Total InterPairCorr
  0.86VFINX Vanguard 500 IndexPairCorr
  0.78VFFSX Vanguard 500 IndexPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.87SWYHX Schwab Target 2045PairCorr
  0.72USCGX Capital GrowthPairCorr
  0.83SHXCX American Beacon ShapiroPairCorr
  0.69TVOCX Touchstone Small CapPairCorr
  0.83NWEIX Nationwide DestinationPairCorr
  0.72VIVAX Vanguard Value IndexPairCorr
  0.74PRNEX T Rowe PricePairCorr
  0.77RTISX Select InternationalPairCorr
  0.75PISDX Columbia Pyrford IntPairCorr
  0.82PHDTX Pace High YieldPairCorr
  0.75USPVX Union Street PartnersPairCorr
  0.78RLIAX Invesco Income AllocationPairCorr
  0.79USERX Gold And PreciousPairCorr
  0.83NSRIX Northern Global SustPairCorr
  0.76VSMVX Vanguard Sp SmallPairCorr
  0.8FIJDX Gold Portfolio FidelityPairCorr
  0.87REREX Europacific GrowthPairCorr
  0.64TFEBX Tax Exempt BondPairCorr
  0.74ACCSX Access Capital MunityPairCorr
  0.77PRFDX T Rowe PricePairCorr
  0.9FPURX Fidelity PuritanPairCorr
  0.75DAGVX Dreyfus Strategic ValuePairCorr
  0.79DNVYX Davis New YorkPairCorr
  0.81NEZNX Loomis Sayles StrategicPairCorr
  0.83FRASX Fidelity Income ReplPairCorr
  0.74FTISX Fidelity InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Acap Mutual Fund performing well and Acap Strategic 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 Acap Strategic'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.

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