Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Core
AFALX Fund  USD 11.75  0.02  0.17%   
The current 90-days correlation between Applied Finance Core and Applied Finance Core is 1.0 (i.e., No risk reduction). The correlation of Applied Finance 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.

Applied Finance Correlation With Market

Very poor diversification

The correlation between Applied Finance Core and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Finance Core 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 Applied Finance Core. 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 bureau of economic analysis.

Moving together with Applied Mutual Fund

  1.0AFAZX Applied Finance CorePairCorr
  0.98AFDVX Applied Finance ExplorerPairCorr
  0.98AFDZX Applied Finance ExplorerPairCorr
  0.99AFVZX Applied Finance SelectPairCorr
  0.99AFVLX Applied Finance SelectPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.65AFMFX American MutualPairCorr
  0.65FFMMX American Funds AmericanPairCorr
  0.65FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.73VIVAX Vanguard Value IndexPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.61FCUEX Fiera Capital EquityPairCorr
  0.62ACARX Alger Capital ApprecPairCorr
  0.69APDIX Artisan InternationalPairCorr
  0.71AVLIX Value Fund IPairCorr
  0.73MURMX Mutual Of AmericaPairCorr
  0.65FEIAX Fidelity Advisor EquityPairCorr
  0.63UTVGX My529 Growth IndexPairCorr
  0.82ARYMX Global Real EstatePairCorr
  0.98SMSIX Saat Moderate StrategyPairCorr
  0.74FCITX Franklin Federal IntPairCorr
  0.72ICLLX Transamerica AssetPairCorr
  0.94DVRJX Mfs Global AlternativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Applied Mutual Fund performing well and Applied Finance 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 Applied Finance'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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