Applied Finance Correlations

AFDVX Fund

USD 21.93 0.19 0.86%

The current 90-days correlation between Applied Finance Explorer and Thrivent Small Cap is -0.07 (i.e., Good diversification). 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

Good diversification

The correlation between Applied Finance Explorer 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 Applied Finance Explorer 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 Explorer. 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 real.

Moving together with Applied Mutual Fund

0.62	VSIIX	Vanguard Small Cap	Pair Corr
0.96	VISVX	Vanguard Small Cap	Pair Corr
0.7	DFSVX	Us Small Cap	Pair Corr
0.63	DFFVX	Us Targeted Value	Pair Corr
0.62	UBVCX	Undiscovered Managers	Pair Corr
0.62	UBVSX	Undiscovered Managers	Pair Corr
0.62	AVFIX	American Beacon Small	Pair Corr
0.72	TILCX	T Rowe Price	Pair Corr
0.88	IORLX	Aim Taxexempt Funds	Pair Corr
0.68	PNRZX	Pgim Jennison Natural	Pair Corr
0.68	NBPIX	Neuberger Berman Large	Pair Corr
0.72	JECIX	John Hancock Var	Pair Corr
0.71	DHLTX	Diamond Hill All	Pair Corr
0.95	RYCVX	Dow 2x Strategy	Pair Corr
0.97	AACRX	Strategic Allocation	Pair Corr
0.96	STPAX	Technology Munications	Pair Corr
0.99	STRBX	Sterling Capital Beh	Pair Corr

Related Correlations Analysis

	TSCSX	AFVLX	PARWX	QRSVX	OBSOX
TSCSX		0.59	0.98	0.58	0.97	TSCSX
AFVLX	0.59		0.57	0.99	0.59	AFVLX
PARWX	0.98	0.57		0.54	0.98	PARWX
QRSVX	0.58	0.99	0.54		0.57	QRSVX
OBSOX	0.97	0.59	0.98	0.57		OBSOX
	TSCSX	AFVLX	PARWX	QRSVX	OBSOX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSCSX	0.84	0.09	0.06	0.24	0.80	(1.00)	1.89	(1.23)	6.57
AFVLX	0.72	0.21	0.06	(1.17)	0.58	(0.86)	1.80	(1.31)	5.58
PARWX	0.57	0.14	0.12	0.36	0.34	(0.67)	1.72	(0.95)	4.91
QRSVX	0.76	0.27	0.13	(1.69)	0.56	(0.90)	2.02	(1.40)	5.36
OBSOX	0.89	0.19	0.18	0.37	0.58	(1.05)	2.64	(1.33)	6.14

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Applied Finance Correlations

Applied Finance Correlation With Market

Good diversification

Moving together with Applied Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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