Api Growth Correlations
| APGRX Fund | USD 22.50 0.07 0.31% |
The current 90-days correlation between Api Growth Fund and Bbh Intermediate Municipal is 0.05 (i.e., Significant 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
Poor diversification
The correlation between Api Growth Fund and DJI is 0.78 (i.e., Poor 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.
Api |
Moving together with Api Mutual Fund
| 0.81 | APITX | Api Growth Fund | PairCorr |
| 0.8 | YOVLX | Yorktown Small Cap | PairCorr |
| 0.79 | YOVAX | Yorktown Small Cap | PairCorr |
| 1.0 | AFGGX | Api Growth Fund | PairCorr |
| 0.67 | SCWCX | American Fds Smallcap | PairCorr |
| 0.78 | SCWFX | Smallcap World | PairCorr |
| 0.67 | SMCWX | Smallcap World | PairCorr |
| 0.77 | FSWFX | American Funds Smallcap | PairCorr |
| 0.77 | FSFWX | American Funds Smallcap | PairCorr |
| 0.78 | CSPFX | Smallcap World | PairCorr |
| 0.67 | CSPAX | Smallcap World | PairCorr |
| 0.78 | RSLCX | Smallcap World | PairCorr |
| 0.77 | RLLGX | Smallcap World | PairCorr |
| 0.65 | INPIX | Internet Ultrasector | PairCorr |
| 0.64 | INPSX | Internet Ultrasector | PairCorr |
Related Correlations Analysis
| 0.85 | 0.31 | 0.84 | 0.97 | 0.73 | 0.99 | BBINX | ||
| 0.85 | 0.43 | 0.89 | 0.81 | 0.77 | 0.86 | MSTBX | ||
| 0.31 | 0.43 | 0.59 | 0.17 | 0.2 | 0.29 | BXHCX | ||
| 0.84 | 0.89 | 0.59 | 0.79 | 0.85 | 0.82 | TTRBX | ||
| 0.97 | 0.81 | 0.17 | 0.79 | 0.78 | 0.97 | FHYIX | ||
| 0.73 | 0.77 | 0.2 | 0.85 | 0.78 | 0.7 | BMOPX | ||
| 0.99 | 0.86 | 0.29 | 0.82 | 0.97 | 0.7 | CFNLX | ||
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBINX | 0.06 | 0.00 | (0.43) | 1.95 | 0.00 | 0.10 | 0.58 | |||
| MSTBX | 0.06 | 0.00 | (0.41) | 0.25 | 0.00 | 0.20 | 0.41 | |||
| BXHCX | 0.13 | 0.00 | (0.28) | (0.14) | 0.10 | 0.25 | 0.86 | |||
| TTRBX | 0.10 | 0.00 | (0.41) | (0.03) | 0.05 | 0.20 | 0.60 | |||
| FHYIX | 0.10 | 0.01 | (0.31) | (3.13) | 0.00 | 0.23 | 0.67 | |||
| BMOPX | 0.15 | 0.00 | (0.23) | 0.03 | 0.16 | 0.33 | 0.98 | |||
| CFNLX | 0.07 | 0.01 | (0.51) | 9.34 | 0.00 | 0.21 | 0.48 |