Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Smallmid
ACSMX Fund  USD 11.46  0.14  1.24%   
The current 90-days correlation between Advisors Capital Smallmid and Advisors Capital Dividend is 0.86 (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

Good diversification

The correlation between Advisors Capital Smallmid and DJI is -0.14 (i.e., Good 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advisors Capital Smallmid. 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 population.

Moving together with Advisors Mutual Fund

  0.91ACTIX Advisors Capital TacticalPairCorr
  0.96ACUSX Advisors Capital DividendPairCorr
  0.67VSGAX Vanguard Small CapPairCorr
  0.66VSGIX Vanguard Small CapPairCorr
  0.61VISGX Vanguard Small CapPairCorr
  0.68VEXPX Vanguard ExplorerPairCorr
  0.92VEXRX Vanguard ExplorerPairCorr
  0.7JGMIX Janus TritonPairCorr
  0.69JGMRX Janus TritonPairCorr
  0.67JGMAX Janus TritonPairCorr
  0.94JGMCX Janus TritonPairCorr
  0.67JGMNX Janus TritonPairCorr
  0.68GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.62SWDRX Schwab Target 2030PairCorr
  0.61SADIX Wells Fargo UltraPairCorr
  0.89FFSAX Touchstone FlexiblePairCorr
  0.88HBIOX Hartford InternationalPairCorr
  0.97BERCX Berwyn CornerstonePairCorr
  0.95TEQSX Tiaa Cref EmergingPairCorr
  0.98HIGCX Eagle Growth IncomePairCorr
  0.96DGLIX Global SmallPairCorr
  0.92XGLUX Gabelli GlobalPairCorr
  0.74TCILX Tiaa-cref Inflation-linkedPairCorr
  0.96RSEFX Royce Special EquityPairCorr
  0.95MEMJX Mfs Emerging MarketsPairCorr
  0.78RREYX Global Real EstatePairCorr
  0.79TPDCX Timothy Plan DefensivePairCorr
  0.65DAABX Dfa SustainabilityPairCorr

Related Correlations Analysis

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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   
ASHIX
+ 0.97
ACUSX
ACTIX
+ 0.93
ACSIX
ACSIX
+ 0.92
ACUSX
ASHIX
+ 0.92
ACSIX
ACTIX
+ 0.91
ASHIX
ACTIX
+ 0.9
ACUSX
  
High negative correlations   
ASHIX
- 0.35
ASFCX
ASFCX
- 0.33
ACUSX
ASFCX
- 0.12
ACSIX
ACTIX
- 0.11
ASFCX

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.

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