Api Multi Correlations

APIIX Fund

USD 9.13 0.01 0.11%

The current 90-days correlation between Api Multi Asset and Api Growth Fund is 0.32 (i.e., Weak diversification). The correlation of Api Multi 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 Multi Correlation With Market

Good diversification

The correlation between Api Multi Asset Income and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Multi Asset Income 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 Api Multi Asset Income. 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 gross domestic product.

Moving together with Api Mutual Fund

0.82	APGRX	Api Growth Fund	Pair Corr
0.95	APIBX	Api Short Term	Pair Corr
1.0	APIUX	Api Multi Asset	Pair Corr
0.82	APITX	Api Growth Fund	Pair Corr
0.97	APIMX	Api Short Term	Pair Corr
0.84	YOVIX	Yorktown Small Cap	Pair Corr
0.83	YOVLX	Yorktown Small Cap	Pair Corr
0.84	YOVAX	Yorktown Small Cap	Pair Corr
0.97	AFFIX	Api Multi Asset	Pair Corr
0.96	AFFCX	Api Multi Asset	Pair Corr
0.82	AFGGX	Api Growth Fund	Pair Corr
0.95	AFMMX	Api Short Term	Pair Corr
0.98	PONAX	Pimco Income	Pair Corr
0.98	PONCX	Pimco Income	Pair Corr
0.98	PIPNX	Pimco Income	Pair Corr
0.96	PONRX	Pimco Income	Pair Corr
0.96	PONPX	Pimco Incme Fund	Pair Corr
0.97	PIINX	Pimco Income	Pair Corr
0.98	PIMIX	Pimco Income	Pair Corr
0.97	LBNDX	Lord Abbett Bond	Pair Corr
0.97	FSTAX	Fidelity Advisor Str	Pair Corr
0.96	FSRIX	Fidelity Advisor Str	Pair Corr
0.99	LIIAX	Columbia Porate Income	Pair Corr
0.96	SRINX	Columbia Porate Income	Pair Corr
0.91	WRHIX	Ivy High Income	Pair Corr
0.91	WHIAX	Ivy High Income	Pair Corr
0.93	IHIFX	Ivy High Income	Pair Corr
0.92	IVHIX	Ivy High Income	Pair Corr
0.91	AMTOX	Ab All Market	Pair Corr
0.89	QMLAX	Quantified Market Leaders	Pair Corr
0.92	VLSMX	Valic Company I	Pair Corr
0.94	SWCGX	Schwab Markettrack	Pair Corr
0.87	PSHAX	Short Term Fund	Pair Corr
0.91	RSOOX	Columbia Dividend	Pair Corr
0.92	TBLPX	T Rowe Price	Pair Corr
0.9	WLCAX	Wells Fargo Large	Pair Corr
0.91	AMFCX	American Mutual	Pair Corr

Related Correlations Analysis

	APGRX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX	AFFIX	AFFCX
APGRX		0.82	1.0	0.77	0.82	0.99	0.99	0.99	0.8	0.83	APGRX
APIUX	0.82		0.82	0.97	1.0	0.84	0.83	0.84	0.97	0.97	APIUX
APITX	1.0	0.82		0.76	0.82	0.99	0.99	0.99	0.79	0.83	APITX
APIMX	0.77	0.97	0.76		0.97	0.78	0.78	0.78	0.94	0.94	APIMX
APIIX	0.82	1.0	0.82	0.97		0.84	0.83	0.84	0.97	0.96	APIIX
YOVIX	0.99	0.84	0.99	0.78	0.84		1.0	1.0	0.81	0.84	YOVIX
YOVLX	0.99	0.83	0.99	0.78	0.83	1.0		1.0	0.81	0.84	YOVLX
YOVAX	0.99	0.84	0.99	0.78	0.84	1.0	1.0		0.81	0.84	YOVAX
AFFIX	0.8	0.97	0.79	0.94	0.97	0.81	0.81	0.81		0.92	AFFIX
AFFCX	0.83	0.97	0.83	0.94	0.96	0.84	0.84	0.84	0.92		AFFCX
	APGRX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX	AFFIX	AFFCX

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Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Multi 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 Multi'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
APGRX	0.82	0.26	0.06	(1.13)	0.66	(1.01)	2.34	(1.36)	5.51
APIUX	0.14	0.00	(0.70)	0.00	0.00	(0.18)	0.35	(0.24)	0.83
APITX	0.82	0.26	0.06	(1.10)	0.67	(1.07)	2.31	(1.42)	5.50
APIMX	0.12	0.01	(0.57)	(2.17)	0.00	(0.26)	0.26	(0.26)	0.52
APIIX	0.15	0.03	(0.67)	(2.54)	0.00	(0.19)	0.33	(0.22)	0.78
YOVIX	0.83	0.29	0.09	(1.47)	0.63	(1.05)	2.11	(1.77)	5.03
YOVLX	0.84	0.28	0.09	(1.41)	0.66	(1.03)	2.11	(1.79)	4.98
YOVAX	0.84	0.29	0.09	(1.41)	0.65	(1.00)	2.09	(1.74)	5.01
AFFIX	0.14	0.01	(0.67)	0.32	0.00	(0.19)	0.26	(0.26)	0.77
AFFCX	0.14	0.02	(0.71)	(13.30)	0.00	(0.19)	0.39	(0.26)	0.79

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Api Multi Correlations

Api Multi Correlation With Market

Good diversification

Moving together with Api Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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