Aston/herndon Large Correlations

AALIX Fund

USD 13.29 0.01 0.08%

The current 90-days correlation between Astonherndon Large Cap and Dunham Large Cap is -0.1 (i.e., Good diversification). The correlation of Aston/herndon 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.

Aston/herndon Large Correlation With Market

Good diversification

The correlation between Astonherndon Large Cap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astonherndon Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astonherndon 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 gross domestic product.

Moving together with Aston/herndon Mutual Fund

0.83	APBDX	Bond Fund Investor	Pair Corr
0.8	APENX	Strategic Enhanced Yield	Pair Corr
0.88	APLIX	Cavanal Hill Hedged	Pair Corr
0.8	APSTX	Limited Duration	Pair Corr
0.77	APUSX	Cavanal Hill Ultra	Pair Corr
0.88	APWEX	World Energy	Pair Corr
0.82	AABOX	Bond Fund Class	Pair Corr
0.81	AAENX	Strategic Enhanced Yield	Pair Corr
0.83	AASTX	Limited Duration	Pair Corr
0.78	AAUSX	Cavanal Hill Ultra	Pair Corr
0.88	AAWEX	World Energy	Pair Corr
0.88	ACWEX	World Energy	Pair Corr
0.83	AIBNX	Bond Fund Institutional	Pair Corr
0.8	AIENX	Strategic Enhanced Yield	Pair Corr
0.86	AILIX	Cavanal Hill Hedged	Pair Corr
0.83	AISTX	Limited Duration	Pair Corr
0.79	AIUSX	Cavanal Hillultra Short	Pair Corr
0.8	AIWEX	World Energy	Pair Corr
0.98	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.99	GTENX	Gateway Fund Class	Pair Corr
0.99	GTECX	Gateway Fund Class	Pair Corr
0.99	GTEYX	Gateway Fund Class	Pair Corr
0.87	GATEX	Gateway Fund Class	Pair Corr
0.97	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.78	GPBFX	Gmo E Plus	Pair Corr
0.73	GPMFX	Guidepath Managed Futures	Pair Corr
0.82	PQTAX	Pimco Trends Managed	Pair Corr
0.82	PQTNX	Pimco Trends Managed	Pair Corr
0.82	PQTIX	Aa Pimco Tr	Pair Corr
0.8	WARCX	Wells Fargo Advantage	Pair Corr
0.85	AAGTX	American Funds 2040	Pair Corr
0.88	QCGLRX	College Retirement	Pair Corr
0.79	CRCBX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	DNLVX	CMIFX	LTFOX	DLCIX	AMFFX	LCIAX	FLRAX
DNLVX		0.86	0.91	0.92	0.86	0.92	0.94	DNLVX
CMIFX	0.86		0.79	0.88	0.77	0.86	0.86	CMIFX
LTFOX	0.91	0.79		0.86	0.96	0.92	0.9	LTFOX
DLCIX	0.92	0.88	0.86		0.86	0.98	0.98	DLCIX
AMFFX	0.86	0.77	0.96	0.86		0.91	0.89	AMFFX
LCIAX	0.92	0.86	0.92	0.98	0.91		0.99	LCIAX
FLRAX	0.94	0.86	0.9	0.98	0.89	0.99		FLRAX
	DNLVX	CMIFX	LTFOX	DLCIX	AMFFX	LCIAX	FLRAX

Risk-Adjusted Indicators

There is a big difference between Aston/herndon Mutual Fund performing well and Aston/herndon 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 Aston/herndon 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
DNLVX	0.44	0.00	(0.02)	0.06	0.51	(0.48)	1.02	(0.69)	3.51
CMIFX	0.05	0.01	(0.54)	0.26	0.00	(0.11)	0.10	(0.10)	0.31
LTFOX	0.42	(0.01)	(0.05)	0.05	0.54	(0.45)	0.98	(0.70)	3.15
DLCIX	0.53	0.01	0.01	0.07	0.70	(0.54)	1.26	(0.85)	4.04
AMFFX	0.40	(0.01)	(0.06)	0.04	0.54	(0.41)	0.81	(0.78)	2.96
LCIAX	0.51	(0.01)	(0.01)	0.06	0.73	(0.50)	1.19	(1.12)	4.31
FLRAX	0.54	(0.02)	(0.02)	0.05	0.81	(0.50)	1.16	(1.00)	4.45

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Aston/herndon Large Correlations

Aston/herndon Large Correlation With Market

Good diversification

Moving together with Aston/herndon Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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