Access Capital Correlations

Mutual Funds . USA . 
Fund . Access Capital Munity
ACCSX Fund  USD 7.60  0.01  0.13%   
The current 90-days correlation between Access Capital Munity and Rbc Small Cap is 0.11 (i.e., Average diversification). The correlation of Access 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.

Access Capital Correlation With Market

Modest diversification

The correlation between Access Capital Munity and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Capital Munity 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 Access Capital Munity. 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 state.

Moving together with Access Mutual Fund

  0.72RSDIX Rbc Short DurationPairCorr
  0.79RSHFX Rbc Short DurationPairCorr
  0.7RBESX Rbc Bluebay EmergingPairCorr
  0.7RBERX Rbc Bluebay EmergingPairCorr
  0.88RCPAX Rbc Bluebay CorePairCorr
  0.88RCPIX Rbc Funds TrustPairCorr
  0.88RCPRX Rbc Bluebay CorePairCorr
  0.68RULFX Rbc Ultra ShortPairCorr
  0.99ACATX Alger Capital ApprecPairCorr
  0.87ACASX Access Capital MunityPairCorr
  0.69RUSIX Rbc Ultra ShortPairCorr
  0.7RESAX Rbc Bluebay EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Access Mutual Fund performing well and Access 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 Access 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEEAX  0.89  0.00  0.00  0.13  0.93 
(1.03)
 2.33 
(1.96)
 5.95 
TETAX  0.89  0.19  0.05 (1.69) 0.87 
(1.10)
 2.14 
(1.34)
 5.75 
TETIX  0.89  0.20  0.05 (1.63) 0.85 
(1.09)
 2.17 
(1.36)
 5.84 
RREMX  0.52  0.17  0.16  0.52  0.00 
(0.70)
 1.82 
(0.82)
 3.99 
RRSVX  0.88  0.23  0.07 (1.32) 0.79 
(1.08)
 2.51 
(1.74)
 6.17 
RSDIX  0.09  0.01 (0.90) 1.55  0.00 
(0.16)
 0.21 
(0.10)
 0.62 
RSHFX  0.09  0.01 (0.83) 2.05  0.00 
(0.16)
 0.21 
(0.20)
 0.72 
RSMRX  0.83  0.03  0.03  0.16  0.78 
(1.01)
 2.04 
(1.70)
 5.85 
RBCIX  0.80  0.28  0.14 (1.58) 0.50 
(1.07)
 2.78 
(1.25)
 5.69 
RBCRX  0.82  0.15  0.09  0.44  0.68 
(1.02)
 2.78 
(1.62)
 5.89 

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