Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Select
AFVLX Fund  USD 22.81  0.10  0.44%   
The current 90-days correlation between Applied Finance Select and Applied Finance Explorer is 0.89 (i.e., Very poor 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 Select 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 Select 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 Select. 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

  0.99AFALX Applied Finance CorePairCorr
  0.97AFAZX Applied Finance CorePairCorr
  0.97AFDVX Applied Finance ExplorerPairCorr
  0.98AFDZX Applied Finance ExplorerPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.96SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.87EMO Clearbridge Energy MlpPairCorr
  0.95RSNYX Victory Global NaturalPairCorr
  0.66SPMPX Invesco Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.95RGNCX Victory Global NaturalPairCorr
  0.97RDITX American Funds 2050PairCorr
  0.94AVUGX Value Fund R5PairCorr
  0.97CLIFX Clifford Capital PartnersPairCorr
  0.96CAMSX Cambiar Small CapPairCorr
  0.82IGR Cbre Clarion GlobalPairCorr
  0.98WABABX WababxPairCorr
  0.97FCSKX Franklin VertiblePairCorr
  0.96SIPIX Simt Mid CapPairCorr
  0.99PLSAX Largecap Sp 500PairCorr
  0.98MFEGX Mfs Growth FundPairCorr
  0.98LIDPX Blackrock Lifepath IndexPairCorr
  0.82FXICX Fixed Income SharesPairCorr
  0.94JVASX Jpmorgan Value AdvantagePairCorr
  0.97JDBRX Janus BalancedPairCorr
  0.84LOISX Lord Abbett IntermediatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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