Advisors Capital Correlations
ACSMX Fund | USD 11.61 0.04 0.35% |
The current 90-days correlation between Advisors Capital Smallmid and Advisors Capital Dividend is 0.85 (i.e., Very poor diversification). The correlation of Advisors 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.
Advisors Capital Correlation With Market
Poor diversification
The correlation between Advisors Capital Smallmid and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Smallmid and DJI in the same portfolio, assuming nothing else is changed.
Advisors |
Moving together with Advisors Mutual Fund
0.89 | ACTIX | Advisors Capital Tactical | PairCorr |
0.97 | ACUSX | Advisors Capital Dividend | PairCorr |
0.94 | VSGAX | Vanguard Small Cap | PairCorr |
0.94 | VSGIX | Vanguard Small Cap | PairCorr |
0.94 | VISGX | Vanguard Small Cap | PairCorr |
0.94 | VEXRX | Vanguard Explorer | PairCorr |
0.87 | JGMIX | Janus Triton | PairCorr |
0.87 | JGMRX | Janus Triton | PairCorr |
0.95 | JGMAX | Janus Triton | PairCorr |
0.87 | JGMCX | Janus Triton | PairCorr |
0.87 | JGMNX | Janus Triton | PairCorr |
0.63 | CCCZX | Center St Brookfield | PairCorr |
0.9 | BGSIX | Blackrock Science | PairCorr |
0.84 | PALLX | Allianzgi Global All | PairCorr |
0.85 | FAGOX | Fidelity Advisor Growth | PairCorr |
0.94 | TRFJX | T Rowe Price | PairCorr |
0.87 | PDIFX | Real Estate Debt | PairCorr |
0.78 | GQGPX | Gqg Partners Emerg | PairCorr |
0.77 | BCIAX | California Intermediate-ter | PairCorr |
0.95 | RICAX | Investment Of America | PairCorr |
0.93 | PBCJX | Blue Chip Fund | PairCorr |
0.78 | PFONX | Pimco International Bond | PairCorr |
0.8 | GAUAX | Gabelli Utilities | PairCorr |
0.95 | IEMGX | Voya Multi Manager | PairCorr |
0.85 | RWIEX | Capital World Growth | PairCorr |
0.86 | TSLCX | Transamerica Small Cap | PairCorr |
0.87 | ISWSX | Voya Solution Income | PairCorr |
0.93 | QUASX | Ab Small Cap | PairCorr |
Related Correlations Analysis
0.95 | 0.0 | 0.87 | 0.86 | ACUSX | ||
0.95 | 0.16 | 0.84 | 0.91 | ACSIX | ||
0.0 | 0.16 | -0.12 | 0.22 | ASFCX | ||
0.87 | 0.84 | -0.12 | 0.81 | ASHIX | ||
0.86 | 0.91 | 0.22 | 0.81 | ACTIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Advisors Mutual Fund performing well and Advisors 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 Advisors 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 | ||
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ACUSX | 0.49 | 0.05 | (0.06) | 0.31 | 0.12 | 1.19 | 3.92 | |||
ACSIX | 0.17 | 0.06 | (0.90) | (1.59) | 0.00 | 0.47 | 1.04 | |||
ASFCX | 0.31 | 0.00 | 0.00 | 0.31 | 0.00 | 0.61 | 2.45 | |||
ASHIX | 0.09 | 0.03 | (1.45) | 0.56 | 0.00 | 0.23 | 0.83 | |||
ACTIX | 0.19 | 0.03 | (0.71) | (0.85) | 0.14 | 0.42 | 1.28 |