Advisors Capital Correlations
ACTIX Fund | USD 9.59 0.01 0.10% |
The current 90-days correlation between Advisors Capital Tactical and Emerging Markets Fund is -0.14 (i.e., Good 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 Tactical and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Tactical and DJI in the same portfolio, assuming nothing else is changed.
Advisors |
Moving together with Advisors Mutual Fund
0.98 | PONAX | Pimco Income | PairCorr |
0.98 | PONCX | Pimco Income | PairCorr |
0.98 | PIPNX | Pimco Income | PairCorr |
0.63 | PONRX | Pimco Income | PairCorr |
0.96 | PONPX | Pimco Incme Fund | PairCorr |
0.96 | PIINX | Pimco Income | PairCorr |
0.96 | PIMIX | Pimco Income | PairCorr |
0.97 | LBNDX | Lord Abbett Bond | PairCorr |
0.63 | FSTAX | Fidelity Advisor Str | PairCorr |
0.63 | FSRIX | Fidelity Advisor Str | PairCorr |
0.9 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.9 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.88 | RSNRX | Victory Global Natural | PairCorr |
0.76 | EMO | Clearbridge Energy Mlp | PairCorr |
0.87 | RSNYX | Victory Global Natural | PairCorr |
0.87 | RGNCX | Victory Global Natural | PairCorr |
0.88 | WFPAX | Wells Fargo Special | PairCorr |
0.81 | NBNAX | Neuberger Berman Int | PairCorr |
0.92 | JDCAX | Janus Forty Fund | PairCorr |
0.9 | HIPIX | The Hartford Inflation | PairCorr |
0.85 | NBGTX | Neuberger Berman Guardian | PairCorr |
0.87 | MCGIX | Amg Managers Montag | PairCorr |
0.88 | VFINX | Vanguard 500 Index | PairCorr |
0.78 | PBXIX | Rationalpier 88 Conv | PairCorr |
0.85 | ADVMX | Advisory Research | PairCorr |
0.89 | VFIAX | Vanguard 500 Index | PairCorr |
0.92 | TIOBX | Transamerica Funds | PairCorr |
Related Correlations Analysis
0.98 | 0.96 | 0.96 | 0.95 | TWMIX | ||
0.98 | 0.99 | 0.98 | 0.95 | BEQGX | ||
0.96 | 0.99 | 0.97 | 0.92 | TWGGX | ||
0.96 | 0.98 | 0.97 | 0.96 | ASQIX | ||
0.95 | 0.95 | 0.92 | 0.96 | ALVIX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TWMIX | 0.52 | 0.20 | 0.13 | 0.73 | 0.00 | 1.68 | 3.97 | |||
BEQGX | 0.64 | 0.10 | 0.10 | 0.31 | 0.27 | 2.03 | 5.24 | |||
TWGGX | 0.64 | 0.11 | 0.09 | 0.34 | 0.25 | 1.92 | 3.76 | |||
ASQIX | 0.87 | 0.04 | 0.06 | 0.24 | 0.72 | 2.03 | 5.84 | |||
ALVIX | 0.60 | 0.01 | (0.04) | 0.22 | 0.54 | 1.43 | 3.51 |