Api Short Correlations
APIBX Fund | USD 4.18 0.01 0.24% |
The current 90-days correlation between Api Short Term and Api Multi Asset Income is 0.05 (i.e., Significant diversification). The correlation of Api Short 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 Short Correlation With Market
Significant diversification
The correlation between Api Short Term and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Short Term and DJI in the same portfolio, assuming nothing else is changed.
Api |
Moving together with Api Mutual Fund
0.69 | APGRX | Api Growth Fund | PairCorr |
0.65 | APIUX | Api Multi Asset | PairCorr |
0.68 | APITX | Api Growth Fund | PairCorr |
0.64 | APIMX | Api Short Term | PairCorr |
0.66 | APIIX | Api Multi Asset | PairCorr |
0.71 | YOVIX | Yorktown Small Cap | PairCorr |
0.71 | YOVLX | Yorktown Small Cap | PairCorr |
0.92 | AFFIX | Api Multi Asset | PairCorr |
0.63 | AFFCX | Api Multi Asset | PairCorr |
0.97 | AFMMX | Api Short Term | PairCorr |
0.62 | VFSUX | Vanguard Short Term | PairCorr |
0.63 | VFSIX | Vanguard Short Term | PairCorr |
0.63 | VFSTX | Vanguard Short Term | PairCorr |
0.74 | VBITX | Vanguard Short Term | PairCorr |
0.66 | VBISX | Vanguard Short Term | PairCorr |
0.72 | VSCSX | Vanguard Short Term | PairCorr |
0.62 | LDLAX | Lord Abbett Short | PairCorr |
0.68 | PMPIX | Precious Metals Ultr Steady Growth | PairCorr |
0.67 | PMPSX | Precious Metals Ultr Steady Growth | PairCorr |
Related Correlations Analysis
0.97 | 0.87 | 0.64 | 0.48 | APIIX | ||
0.97 | 0.82 | 0.62 | 0.4 | APIMX | ||
0.87 | 0.82 | 0.37 | 0.55 | INDZX | ||
0.64 | 0.62 | 0.37 | 0.62 | AFMMX | ||
0.48 | 0.4 | 0.55 | 0.62 | APITX | ||
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Risk-Adjusted Indicators
There is a big difference between Api Mutual Fund performing well and Api Short 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 Short'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
APIIX | 0.15 | 0.03 | (0.90) | 1.36 | 0.00 | 0.33 | 0.78 | |||
APIMX | 0.11 | 0.01 | (0.68) | 0.81 | 0.00 | 0.26 | 0.52 | |||
INDZX | 0.57 | 0.26 | 0.07 | (3.57) | 0.00 | 1.64 | 4.34 | |||
AFMMX | 0.12 | 0.00 | (0.64) | 0.15 | 0.05 | 0.29 | 0.58 | |||
APITX | 0.72 | 0.02 | 0.02 | 0.22 | 0.48 | 1.66 | 5.51 |