Api Multi-asset Correlations
| APIUX Fund | USD 8.57 0.01 0.12% |
The current 90-days correlation between Api Multi Asset and Blackrock Financial Institutions is -0.1 (i.e., Good 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
Modest diversification
The correlation between Api Multi Asset Income and DJI is 0.21 (i.e., Modest 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.
Api |
Moving together with Api Mutual Fund
| 0.97 | APIMX | Api Short Term | PairCorr |
| 1.0 | APIIX | Api Multi Asset | PairCorr |
| 1.0 | AFFCX | Api Multi Asset | PairCorr |
| 0.76 | AFGGX | Api Growth Fund | PairCorr |
| 0.98 | PONAX | Pimco Income | PairCorr |
| 0.98 | PONCX | Pimco Income | PairCorr |
| 0.98 | PIPNX | Pimco Income | PairCorr |
| 0.93 | PONRX | Pimco Income | PairCorr |
| 0.77 | PONPX | Pimco Incme Fund | PairCorr |
| 0.98 | PIINX | Pimco Income | PairCorr |
| 0.98 | PIMIX | Pimco Income | PairCorr |
| 0.65 | LBNDX | Lord Abbett Bond | PairCorr |
| 0.96 | FSTAX | Fidelity Advisor Str | PairCorr |
| 0.96 | FSRIX | Fidelity Advisor Str | PairCorr |
| 0.65 | BIPIX | Biotechnology Ultrasector | PairCorr |
| 0.86 | FZILX | Fidelity Zero Intern | PairCorr |
| 0.63 | FBDTX | American Funds 2025 | PairCorr |
| 0.63 | AGEAX | Arbitrage Event | PairCorr |
| 0.87 | AFOYX | Ariel Focus Fund | PairCorr |
| 0.92 | PTBAX | Principal Lifetime 2020 | PairCorr |
| 0.9 | BMNSX | Baird E Intermediate | PairCorr |
| 0.88 | MKDVX | Blackrock Equity Dividend | PairCorr |
| 0.96 | ACSNX | Short Duration | PairCorr |
| 0.71 | GIIAX | Nationwide International | PairCorr |
| 0.81 | HDGYX | Hartford Dividend | PairCorr |
Related Correlations Analysis
| 0.64 | 0.6 | 0.78 | 0.62 | 0.61 | MCBXX | ||
| 0.64 | 0.91 | 0.89 | 0.98 | 0.98 | MSVIX | ||
| 0.6 | 0.91 | 0.9 | 0.89 | 0.91 | SBFAX | ||
| 0.78 | 0.89 | 0.9 | 0.86 | 0.87 | ICFAX | ||
| 0.62 | 0.98 | 0.89 | 0.86 | 0.98 | IAAEX | ||
| 0.61 | 0.98 | 0.91 | 0.87 | 0.98 | GCFSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCBXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| MSVIX | 0.80 | 0.26 | 0.04 | (2.09) | 0.74 | 2.01 | 5.72 | |||
| SBFAX | 0.60 | (0.06) | (0.10) | 0.13 | 0.64 | 1.74 | 3.93 | |||
| ICFAX | 0.74 | 0.00 | 0.00 | 0.20 | 0.72 | 1.38 | 4.60 | |||
| IAAEX | 0.71 | 0.21 | (0.01) | (2.47) | 0.55 | 1.98 | 4.55 | |||
| GCFSX | 0.65 | 0.33 | 0.12 | (2.10) | 0.30 | 1.94 | 3.94 |