Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Smallmid
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.
  
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

  0.89ACTIX Advisors Capital TacticalPairCorr
  0.97ACUSX Advisors Capital DividendPairCorr
  0.94VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.94VISGX Vanguard Small CapPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.87JGMIX Janus TritonPairCorr
  0.87JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.87JGMCX Janus TritonPairCorr
  0.87JGMNX Janus TritonPairCorr
  0.63CCCZX Center St BrookfieldPairCorr
  0.9BGSIX Blackrock SciencePairCorr
  0.84PALLX Allianzgi Global AllPairCorr
  0.85FAGOX Fidelity Advisor GrowthPairCorr
  0.94TRFJX T Rowe PricePairCorr
  0.87PDIFX Real Estate DebtPairCorr
  0.78GQGPX Gqg Partners EmergPairCorr
  0.77BCIAX California Intermediate-terPairCorr
  0.95RICAX Investment Of AmericaPairCorr
  0.93PBCJX Blue Chip FundPairCorr
  0.78PFONX Pimco International BondPairCorr
  0.8GAUAX Gabelli UtilitiesPairCorr
  0.95IEMGX Voya Multi ManagerPairCorr
  0.85RWIEX Capital World GrowthPairCorr
  0.86TSLCX Transamerica Small CapPairCorr
  0.87ISWSX Voya Solution IncomePairCorr
  0.93QUASX Ab Small CapPairCorr

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   
ACSIX
+ 0.95
ACUSX
ACTIX
+ 0.91
ACSIX
ASHIX
+ 0.87
ACUSX
ACTIX
+ 0.86
ACUSX
ASHIX
+ 0.84
ACSIX
ACTIX
+ 0.81
ASHIX
  
High negative correlations   
ASHIX
- 0.12
ASFCX
ASFCX
- 0.0
ACUSX

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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