Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Tactical
ACTIX Fund  USD 9.58  0.01  0.10%   
The current 90-days correlation between Advisors Capital Tactical and Emerging Markets Fund is -0.09 (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 -0.09 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advisors Capital Tactical. 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 gross domestic product.

Moving together with Advisors Mutual Fund

  0.98PONAX Pimco IncomePairCorr
  0.67PONCX Pimco IncomePairCorr
  0.98PIPNX Pimco IncomePairCorr
  0.98PONRX Pimco IncomePairCorr
  0.91PONPX Pimco Incme FundPairCorr
  0.91PIINX Pimco IncomePairCorr
  0.98PIMIX Pimco IncomePairCorr
  0.96LBNDX Lord Abbett BondPairCorr
  0.96FSTAX Fidelity Advisor StrPairCorr
  0.88FSRIX Fidelity Advisor StrPairCorr
  0.78FSJHX Fidelity Stock SelectorPairCorr
  0.7DCAVX Dunham Dynamic MacroPairCorr
  0.75MMFWX Massmutual SelectPairCorr
  0.75TLATX Transamerica Large CorePairCorr
  0.75NBNAX Neuberger Berman IntPairCorr
  0.81OMCIX Oberweis Micro CapPairCorr
  0.9HIPIX The Hartford InflationPairCorr
  0.81NBGTX Neuberger Berman GuardianPairCorr
  0.91LENAX Blackrock Lifepath EsgPairCorr
  0.71ADVMX Advisory ResearchPairCorr
  0.65TIOBX Transamerica FundsPairCorr
  0.81SDRIX Swan Defined RiskPairCorr

Related Correlations Analysis

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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.

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