Api Growth Correlations

Mutual Funds . USA . 
Fund . Api Growth Fund
AFGGX Fund  USD 19.06  0.06  0.32%   
The current 90-days correlation between Api Growth Fund and Legg Mason Partners is -0.05 (i.e., Good diversification). The correlation of Api Growth 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.

Api Growth Correlation With Market

Very good diversification

The correlation between Api Growth Fund and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Growth Fund 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 Api Growth Fund. 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 price.

Moving together with Api Mutual Fund

  1.0APGRX Api Growth FundPairCorr
  0.78APIBX Api Short TermPairCorr
  0.82APIUX Api Multi AssetPairCorr
  1.0APITX Api Growth FundPairCorr
  0.76APIMX Api Short TermPairCorr
  0.82APIIX Api Multi AssetPairCorr
  0.99YOVIX Yorktown Small CapPairCorr
  0.97YOVLX Yorktown Small CapPairCorr
  0.99YOVAX Yorktown Small CapPairCorr
  0.79AFFIX Api Multi AssetPairCorr
  0.82AFFCX Api Multi AssetPairCorr
  0.67AFMMX Api Short TermPairCorr
  0.96FSWFX American Funds SmallcapPairCorr
  0.96FSFWX American Funds SmallcapPairCorr
  0.98SCWCX American Fds SmallcapPairCorr
  0.96SCWFX Smallcap WorldPairCorr
  0.98SMCWX Smallcap WorldPairCorr
  0.96CSPFX Smallcap WorldPairCorr
  0.98CSPAX Smallcap WorldPairCorr
  0.96CSPEX Smallcap WorldPairCorr
  0.96RSLCX Smallcap WorldPairCorr
  0.96RLLGX Smallcap WorldPairCorr
  0.98ASG Liberty All StarPairCorr
  0.86IIF Morgan Stanley IndiaPairCorr
  0.97CII Blackrock EnhancedPairCorr
  0.74IFN India ClosedPairCorr
  0.95ETV Eaton Vance TaxPairCorr
  0.9CLM Cornerstone StrategicPairCorr
  0.91CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr
  0.97ETY Eaton Vance TaxPairCorr
  0.93NFJ Virtus Dividend InterestPairCorr
  0.95FTDBX FtdbxPairCorr
  0.93MSEIX Amg Managers SpecialPairCorr
  0.96PHCHX Virtus High YieldPairCorr
  0.96HERCX Hartford Emerging MarketsPairCorr
  0.88HSDRX Hartford ShortPairCorr
  0.98LPHAX Blackrock LifepathPairCorr
  0.97PRASX T Rowe PricePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Growth 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 Api Growth'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY