Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Explorer
AFDVX Fund  USD 21.94  0.26  1.20%   
The current 90-days correlation between Applied Finance Explorer and Pgim Jennison Diversified is 0.91 (i.e., Almost no 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 -0.09 (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

  0.98AFALX Applied Finance CorePairCorr
  0.98AFAZX Applied Finance CorePairCorr
  1.0AFDZX Applied Finance ExplorerPairCorr
  0.98AFVZX Applied Finance SelectPairCorr
  0.98AFVLX Applied Finance SelectPairCorr
  0.91VSIIX Vanguard Small CapPairCorr
  0.91VISVX Vanguard Small CapPairCorr
  0.91DFSVX Us Small CapPairCorr
  0.91DFFVX Us Targeted ValuePairCorr
  0.89UBVCX Undiscovered ManagersPairCorr
  0.97UBVAX Undiscovered ManagersPairCorr
  0.89UBVSX Undiscovered ManagersPairCorr
  0.91AVFIX American Beacon SmallPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.83VTISX Vanguard Total InterPairCorr
  0.88VTSNX Vanguard Total InterPairCorr
  0.83VTPSX Vanguard Total InterPairCorr
  0.87VINIX Vanguard InstitutionalPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.85RYTAX Technology Fund ClassPairCorr
  0.87HGXIX Hartford Global ImpactPairCorr
  0.92MDILX Blackrock Intl APairCorr
  0.95ONGAX Jpmorgan Investor GrowthPairCorr
  0.92GSAIX Goldman Sachs AsiaPairCorr
  0.98FTHAX Fuller Thaler BehavioralPairCorr
  0.84TRZBX T Rowe PricePairCorr
  0.89INDFX Invesco InternationalPairCorr
  0.89JGMCX Janus TritonPairCorr
  0.91PASCX All Asset FundPairCorr
  0.95LFTKX Mfs Lifetime 2065PairCorr
  0.77GICUX Goldman Sachs InternPairCorr
  0.94FLFGX Global OpportunitiesPairCorr
  0.92AACTX American Funds 2020PairCorr
  0.95ETTGX Eaton Vance TaxPairCorr

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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