Absolute Capital Correlations

AAMCX Fund

USD 11.19 0.02 0.18%

The current 90-days correlation between Absolute Capital Asset and Franklin Growth Opportunities is -0.08 (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 -0.12 (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 main economic indicators.

Moving together with Absolute Mutual Fund

1.0	AAMIX	Absolute Capital Asset	Pair Corr
0.85	AAMAX	Absolute Capital Asset	Pair Corr
1.0	ACMIX	Absolute Capital Defender	Pair Corr
0.84	ACMDX	Absolute Capital Defender	Pair Corr
0.84	ACMAX	Absolute Capital Defender	Pair Corr
0.82	PATRX	Pimco All Asset	Pair Corr
0.79	PASAX	All Asset Fund	Pair Corr
0.92	PAUPX	Pimco All Asset	Pair Corr
0.84	NSFHX	Natixis Sustainable	Pair Corr
0.66	MXCCX	Federated Max Cap	Pair Corr
0.67	QSPIX	Aqr Style Premia	Pair Corr
0.82	UTVGX	My529 Growth Index	Pair Corr
0.84	FRCYX	Fidelity Sustainable	Pair Corr
0.64	CLSPX	Columbia Mid Cap	Pair Corr
0.84	LINKX	Blackrock Lifepath Idx	Pair Corr
0.64	RGAVX	Rare Global Infrastr	Pair Corr
0.99	VSPVX	Vanguard Sp 500	Pair Corr

Moving against Absolute Mutual Fund

0.32

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	FRAAX	HRACX	AUERX	UPDDX	GETFX
FRAAX		0.98	0.96	0.97	0.99	FRAAX
HRACX	0.98		0.97	0.99	0.98	HRACX
AUERX	0.96	0.97		0.96	0.97	AUERX
UPDDX	0.97	0.99	0.96		0.97	UPDDX
GETFX	0.99	0.98	0.97	0.97		GETFX
	FRAAX	HRACX	AUERX	UPDDX	GETFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRAAX	0.83	0.13	0.13	0.29	0.65	(1.00)	2.38	(1.19)	5.25
HRACX	0.50	0.18	0.00	(1.44)	0.50	(0.54)	1.60	(1.12)	3.02
AUERX	0.63	0.23	0.18	0.70	0.19	(0.77)	1.54	(1.13)	3.91
UPDDX	1.41	0.58	0.15	(1.49)	1.65	(1.54)	3.80	(2.64)	8.84
GETFX	0.48	0.11	0.07	0.33	0.26	(0.56)	1.51	(1.07)	3.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC