Americafirst Tactical Correlations

ABRFX Fund

USD 16.03 0.17 1.07%

The current 90-days correlation between Americafirst Tactical and Americafirst Large Cap is 0.85 (i.e., Very poor diversification). The correlation of Americafirst Tactical 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.

Americafirst Tactical Correlation With Market

Poor diversification

The correlation between Americafirst Tactical Alpha and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Tactical Alpha 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 Americafirst Tactical Alpha. 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 census.

Moving together with Americafirst Mutual Fund

0.91	SBQAX	Americafirst Large Cap	Pair Corr
0.91	SBQIX	Americafirst Large Cap	Pair Corr
0.9	SBQUX	Americafirst Large Cap	Pair Corr
1.0	ABRUX	Americafirst Monthly	Pair Corr
1.0	ABRWX	Americafirst Tactical	Pair Corr
0.88	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.79	BPTIX	Baron Partners	Pair Corr
0.91	FDGRX	Fidelity Growth Pany	Pair Corr
0.83	WUSTX	Wells Fargo Ultra	Pair Corr
0.82	QASOX	Q3 All Season	Pair Corr
0.84	BUSIX	Sterling Capital Ultra	Pair Corr
0.9	SSGFX	Sextant Growth	Pair Corr
0.87	EFRRX	Eaton Vance Floating	Pair Corr

Moving against Americafirst Mutual Fund

0.43	PAUIX	Pimco All Asset	Pair Corr
0.42	PAUPX	Pimco All Asset	Pair Corr
0.31	PASCX	All Asset Fund	Pair Corr
0.41	ABRIX	Invesco Balanced Risk	Pair Corr

Related Correlations Analysis

	SBQAX	SBQIX	SBQUX	ABRUX	AFPIX	AFPAX	AFPUX	DGQUX
SBQAX		1.0	1.0	0.91	0.58	0.57	0.55	-0.08	SBQAX
SBQIX	1.0		1.0	0.91	0.58	0.57	0.55	-0.09	SBQIX
SBQUX	1.0	1.0		0.91	0.59	0.58	0.56	-0.08	SBQUX
ABRUX	0.91	0.91	0.91		0.33	0.31	0.3	-0.19	ABRUX
AFPIX	0.58	0.58	0.59	0.33		1.0	1.0	0.43	AFPIX
AFPAX	0.57	0.57	0.58	0.31	1.0		1.0	0.43	AFPAX
AFPUX	0.55	0.55	0.56	0.3	1.0	1.0		0.45	AFPUX
DGQUX	-0.08	-0.09	-0.08	-0.19	0.43	0.43	0.45		DGQUX
	SBQAX	SBQIX	SBQUX	ABRUX	AFPIX	AFPAX	AFPUX	DGQUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SBQIX	+ 1.0	SBQAX
SBQUX	+ 1.0	SBQAX
SBQUX	+ 1.0	SBQIX
AFPAX	+ 1.0	AFPIX
AFPUX	+ 1.0	AFPIX
AFPUX	+ 1.0	AFPAX

High negative correlations

DGQUX	- 0.19	ABRUX
DGQUX	- 0.09	SBQIX
DGQUX	- 0.08	SBQUX
DGQUX	- 0.08	SBQAX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Tactical 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 Americafirst Tactical'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
SBQAX	0.63	0.03	0.03	0.07	0.80	(0.75)	1.34	(1.16)	7.56
SBQIX	0.63	0.03	0.04	0.07	0.80	(0.73)	1.35	(1.18)	7.62
SBQUX	0.63	0.03	0.03	0.07	0.85	(0.72)	1.35	(1.17)	7.68
ABRUX	0.99	0.12	0.09	0.13	1.21	(1.10)	2.14	(1.93)	8.28
AFPIX	0.53	(0.05)	0.00	(0.02)	0.00	0.00	1.02	(0.98)	6.06
AFPAX	0.51	(0.05)	0.00	(0.03)	0.00	0.00	1.09	(0.87)	5.90
AFPUX	0.51	(0.05)	0.00	(0.03)	0.00	0.00	1.06	(1.02)	5.86
DGQUX	0.28	(0.05)	0.00	(0.20)	0.00	0.00	0.63	(0.75)	1.75

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