Absolute Capital Correlations

Mutual Funds . USA . 
Fund . Absolute Capital Asset
AAMAX Fund  USD 12.08  0.06  0.50%   
The current 90-days correlation between Absolute Capital Asset and Absolute Capital Asset is -0.12 (i.e., Good diversification). The correlation of Absolute Capital 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.

Absolute Capital Correlation With Market

Good diversification

The correlation between Absolute Capital Asset and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Asset 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 Absolute Capital Asset. 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 Absolute Mutual Fund

  0.98AAMIX Absolute Capital AssetPairCorr
  0.98AAMCX Absolute Capital AssetPairCorr
  1.0ACMIX Absolute Capital DefenderPairCorr
  0.98ACMDX Absolute Capital DefenderPairCorr
  1.0ACMAX Absolute Capital DefenderPairCorr
  0.96PAALX All Asset FundPairCorr
  0.96PATRX Pimco All AssetPairCorr
  0.96PAAIX All Asset FundPairCorr
  0.96PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.96PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.93PAUPX Pimco All AssetPairCorr
  0.93PAUIX Pimco All AssetPairCorr
  0.74GAAKX Gmo Alternative AlloPairCorr
  0.76GAAGX Gmo Alternative AlloPairCorr
  0.66GPBFX Gmo E PlusPairCorr
  1.0NSFHX Natixis SustainablePairCorr
  0.95MPACX Matthews Asia GrowthPairCorr
  0.98MXCCX Federated Max CapPairCorr
  0.72QSPIX Aqr Style PremiaPairCorr
  0.65MCSHX Mfs Commodity StrategyPairCorr
  0.98VEMPX Vanguard Extended MarketPairCorr
  0.95DVRJX Mfs Global AlternativePairCorr
  0.99UTVGX My529 Growth IndexPairCorr
  0.96DDVRX Delaware ValuePairCorr
  1.0FRCYX Fidelity SustainablePairCorr
  0.96CCYIX Columbia Acorn InterPairCorr
  0.94TRIEX Tiaa Cref InternationalPairCorr
  0.98CLSPX Columbia Mid CapPairCorr
  0.98LINKX Blackrock Lifepath IdxPairCorr
  0.92RGAVX Rare Global InfrastrPairCorr
  0.99VSPVX Vanguard Sp 500PairCorr

Moving against Absolute Mutual Fund

  0.43GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Capital 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 Absolute Capital'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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