Applied Finance Correlations

Mutual Funds . USA . 
Fund . Applied Finance Select
AFVZX Fund  USD 23.05  0.21  0.92%   
The current 90-days correlation between Applied Finance Select and Invesco Energy Fund is 0.39 (i.e., Weak 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

Very good diversification

The correlation between Applied Finance Select and DJI is -0.23 (i.e., Very 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 nation.

Moving together with Applied Mutual Fund

  0.99AFALX Applied Finance CorePairCorr
  0.99AFAZX Applied Finance CorePairCorr
  0.98AFDVX Applied Finance ExplorerPairCorr
  0.98AFDZX Applied Finance ExplorerPairCorr
  1.0AFVLX Applied Finance SelectPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.97DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.97MXHPX Great West ModeratelyPairCorr
  0.98VAFNX Invesco American FraPairCorr
  0.93USBAX Usaa Ultra ShortPairCorr
  0.95QICNX Aqr International MultiPairCorr
  0.75TCREX Tiaa Cref RealPairCorr
  0.89AECSX Emerging Markets SmallPairCorr
  0.8ARYMX Global Real EstatePairCorr
  0.98UIVPX Mfs Intrinsic ValuePairCorr
  0.99CSXAX Calvert Large CapPairCorr
  0.97ISGAX Voya Solution BalancedPairCorr
  0.72IREIX Ivy Advantus RealPairCorr
  1.0BISVX Brown Advisory FundsPairCorr
  0.97FMVUX Matson Money EquityPairCorr
  0.97RRSUX T Rowe PricePairCorr
  0.99NSGRX Northern Small CapPairCorr
  0.95RVPHX Royce Smaller CompaniesPairCorr
  0.97JAAYX Jpmorgan SmartretirementPairCorr

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.

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