Api Multi-asset Correlations

APIIX Fund  USD 9.13  0.01  0.11%   
The current 90-days correlation between Api Multi Asset and Ashmore Emerging Markets is 0.03 (i.e., Significant diversification). The correlation of Api Multi-asset 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-asset Correlation With Market

Good diversification

The correlation between Api Multi Asset Income and DJI is -0.2 (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

  0.68PONAX Pimco IncomePairCorr
  0.91PONCX Pimco IncomePairCorr
  0.92PIPNX Pimco IncomePairCorr
  0.98PONRX Pimco IncomePairCorr
  0.72PONPX Pimco Incme FundPairCorr
  0.98PIINX Pimco IncomePairCorr
  0.92PIMIX Pimco IncomePairCorr
  0.63LBNDX Lord Abbett BondPairCorr
  0.91FSTAX Fidelity Advisor StrPairCorr
  0.9FSRIX Fidelity Advisor StrPairCorr
  0.62WATPX Western Asset InflationPairCorr
  0.86JNRFX Janus ResearchPairCorr
  0.61MAUKX Pioneer Multi AssetPairCorr
  0.81UIVMX Mfs Intrinsic ValuePairCorr
  0.8HHMIX The Hartford MunicipalPairCorr
  0.61XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against Api Mutual Fund

  0.75MCD McDonaldsPairCorr
  0.52TRV The Travelers CompaniesPairCorr
  0.43VZ Verizon Communications Aggressive PushPairCorr
  0.35PG Procter Gamble Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Multi-asset 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-asset'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.