Applied Finance Correlations
AFVZX Fund | USD 23.16 0.11 0.48% |
The current 90-days correlation between Applied Finance Select and Calamos Dynamic Convertible is 0.22 (i.e., Modest 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 -0.13 (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.
Applied |
Moving together with Applied Mutual Fund
0.99 | AFALX | Applied Finance Core | PairCorr |
0.99 | AFAZX | Applied Finance Core | PairCorr |
0.96 | AFDZX | Applied Finance Explorer | PairCorr |
0.88 | AFVLX | Applied Finance Select | PairCorr |
0.86 | MXHPX | Great West Moderately | PairCorr |
0.87 | VAFNX | Invesco American Fra | PairCorr |
0.9 | USBAX | Usaa Ultra Short | PairCorr |
0.81 | QICNX | Aqr International Multi | PairCorr |
0.74 | AECSX | Emerging Markets Small | PairCorr |
0.67 | ARYMX | Global Real Estate | PairCorr |
0.85 | UIVPX | Mfs Intrinsic Value | PairCorr |
0.87 | CSXAX | Calvert Large Cap | PairCorr |
0.98 | ISGAX | Voya Solution Balanced | PairCorr |
0.84 | BISVX | Brown Advisory Funds | PairCorr |
0.86 | RRSUX | T Rowe Price | PairCorr |
0.86 | NSGRX | Northern Small Cap | PairCorr |
Related Correlations Analysis
-0.24 | -0.27 | 0.11 | -0.25 | -0.19 | CCD | ||
-0.24 | 0.99 | 0.89 | 0.97 | 0.98 | ARBOX | ||
-0.27 | 0.99 | 0.89 | 0.95 | 0.98 | XNCVX | ||
0.11 | 0.89 | 0.89 | 0.84 | 0.89 | PBXIX | ||
-0.25 | 0.97 | 0.95 | 0.84 | 0.94 | FSAWX | ||
-0.19 | 0.98 | 0.98 | 0.89 | 0.94 | XAVKX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
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CCD | 0.59 | (0.03) | (0.17) | 0.16 | 0.77 | 1.32 | 4.97 | |||
ARBOX | 0.06 | 0.00 | (2.12) | 0.00 | 0.00 | 0.18 | 0.35 | |||
XNCVX | 0.46 | 0.27 | 0.04 | (3.60) | 0.00 | 1.33 | 3.12 | |||
PBXIX | 0.33 | 0.01 | (0.29) | 0.27 | 0.00 | 0.83 | 2.63 | |||
FSAWX | 0.10 | 0.03 | (1.81) | 2.84 | 0.00 | 0.28 | 0.73 | |||
XAVKX | 0.53 | 0.25 | (0.02) | (1.48) | 0.36 | 1.65 | 4.13 |