Americafirst Tactical Correlations

ABRWX Fund

USD 16.24 0.04 0.25%

The current 90-days correlation between Americafirst Tactical and Americafirst Large Cap is -0.01 (i.e., Good 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

Significant diversification

The correlation between Americafirst Tactical Alpha and DJI is 0.08 (i.e., Significant 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 housing.

Moving together with Americafirst Mutual Fund

0.8	SBQAX	Americafirst Large Cap	Pair Corr
0.82	SBQIX	Americafirst Large Cap	Pair Corr
0.81	SBQUX	Americafirst Large Cap	Pair Corr
1.0	ABRUX	Americafirst Monthly	Pair Corr
1.0	ABRFX	Americafirst Tactical	Pair Corr
0.87	ABRIX	Invesco Balanced Risk	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.75	VGTSX	Vanguard Total Inter	Pair Corr
0.75	VTIAX	Vanguard Total Inter	Pair Corr
0.78	RFNHX	American Funds Funda	Pair Corr
0.77	UICGX	Capital Growth	Pair Corr

Related Correlations Analysis

	SBQAX	SBQIX	SBQUX	AFPIX	AFPAX	AFPUX	DGQUX
SBQAX		0.88	0.88	0.42	0.32	0.33	-0.06	SBQAX
SBQIX	0.88		1.0	0.51	0.4	0.41	-0.02	SBQIX
SBQUX	0.88	1.0		0.48	0.37	0.37	-0.06	SBQUX
AFPIX	0.42	0.51	0.48		0.93	0.93	0.8	AFPIX
AFPAX	0.32	0.4	0.37	0.93		1.0	0.78	AFPAX
AFPUX	0.33	0.41	0.37	0.93	1.0		0.78	AFPUX
DGQUX	-0.06	-0.02	-0.06	0.8	0.78	0.78		DGQUX
	SBQAX	SBQIX	SBQUX	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

SBQUX	+ 1.0	SBQIX
AFPUX	+ 1.0	AFPAX
AFPAX	+ 0.93	AFPIX
AFPUX	+ 0.93	AFPIX
SBQIX	+ 0.88	SBQAX
SBQUX	+ 0.88	SBQAX

High negative correlations

DGQUX	- 0.06	SBQUX
DGQUX	- 0.06	SBQAX
DGQUX	- 0.02	SBQIX

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	0.73	(0.08)	(0.06)	0.01	1.17	(0.69)	1.14	(2.27)	4.62
SBQIX	0.74	0.00	(0.05)	0.10	1.22	(0.67)	1.17	(2.26)	4.67
SBQUX	0.74	0.00	(0.06)	0.08	1.20	(0.69)	1.13	(2.33)	4.59
AFPIX	0.57	0.09	0.01	0.84	0.82	(0.64)	1.10	(1.22)	4.06
AFPAX	0.60	0.08	0.00	0.78	0.86	(0.65)	1.16	(1.32)	4.38
AFPUX	0.59	0.08	(0.01)	1.18	0.82	(0.67)	1.10	(1.26)	3.97
DGQUX	0.39	0.08	(0.02)	(2.70)	0.59	(0.41)	0.80	(1.00)	3.12

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