Atac Inflation Correlations

ATCIX Fund

USD 39.82 0.15 0.38%

The current 90-days correlation between Atac Inflation Rotation and The Biondo Focus is -0.16 (i.e., Good diversification). The correlation of Atac Inflation 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.

Atac Inflation Correlation With Market

Very weak diversification

The correlation between Atac Inflation Rotation and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atac Inflation Rotation 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 Atac Inflation Rotation. 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 Atac Mutual Fund

1.0	ATACX	Atac Inflation Rotation	Pair Corr
0.79	PAALX	All Asset Fund	Pair Corr
0.78	PATRX	Pimco All Asset	Pair Corr
0.79	PAAIX	All Asset Fund	Pair Corr
0.78	PALPX	Pimco All Asset	Pair Corr
0.74	PASAX	All Asset Fund	Pair Corr
0.79	PASCX	All Asset Fund	Pair Corr
0.79	PAANX	Pimco All Asset	Pair Corr
0.78	PAUPX	Pimco All Asset	Pair Corr
0.78	PAUIX	Pimco All Asset	Pair Corr
0.85	WARRX	Wells Fargo Advantage	Pair Corr
0.71	ERH	Allspring Utilities And	Pair Corr
0.8	FFALX	Franklin Founding Funds	Pair Corr
0.81	CLGAX	Future Scholar 529	Pair Corr
0.77	PTTEX	Putnam Global Technology	Pair Corr
0.72	VSGDX	Vanguard Short Term	Pair Corr
0.77	MSTSX	Morningstar Unconstrained	Pair Corr
0.78	ACCIX	Strategic Allocation	Pair Corr
0.62	MDLVX	Blackrock Lg Cap	Pair Corr
0.67	VBCVX	Broad Cap Value	Pair Corr
0.75	OGEAX	Jpmorgan Equity Index	Pair Corr
0.8	SCPIX	Deutsche Sp 500	Pair Corr
0.74	VPCCX	Vanguard Primecap	Pair Corr
0.77	OWNYX	Old Westbury New	Pair Corr
0.73	LGSCX	Qs Small Capitalization	Pair Corr
0.81	SSGLX	State Street Global	Pair Corr
0.81	ABALX	American Balanced	Pair Corr
0.64	LSYFX	Lord Abbett Short	Pair Corr
0.8	TPDCX	Timothy Plan Defensive	Pair Corr
0.78	WCMVX	Wcm Focused International	Pair Corr
0.77	FTRTX	Franklin Lifesmart 2025	Pair Corr

Related Correlations Analysis

	BFONX	OTPSX	WMKTX	FFBFX	LOGSX	JLGAX	TRARX	IICAX	JUCIX	JUCSX
BFONX		0.87	0.78	-0.58	0.81	0.89	0.79	0.76	0.78	0.77	BFONX
OTPSX	0.87		0.9	-0.4	0.7	0.93	0.95	0.88	0.82	0.83	OTPSX
WMKTX	0.78	0.9		-0.42	0.71	0.92	0.95	0.9	0.89	0.89	WMKTX
FFBFX	-0.58	-0.4	-0.42		-0.8	-0.49	-0.33	-0.22	-0.51	-0.53	FFBFX
LOGSX	0.81	0.7	0.71	-0.8		0.7	0.7	0.52	0.82	0.83	LOGSX
JLGAX	0.89	0.93	0.92	-0.49	0.7		0.89	0.9	0.82	0.82	JLGAX
TRARX	0.79	0.95	0.95	-0.33	0.7	0.89		0.87	0.87	0.88	TRARX
IICAX	0.76	0.88	0.9	-0.22	0.52	0.9	0.87		0.74	0.73	IICAX
JUCIX	0.78	0.82	0.89	-0.51	0.82	0.82	0.87	0.74		0.97	JUCIX
JUCSX	0.77	0.83	0.89	-0.53	0.83	0.82	0.88	0.73	0.97		JUCSX
	BFONX	OTPSX	WMKTX	FFBFX	LOGSX	JLGAX	TRARX	IICAX	JUCIX	JUCSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JUCSX	+ 0.97	JUCIX
TRARX	+ 0.95	OTPSX
TRARX	+ 0.95	WMKTX
JLGAX	+ 0.93	OTPSX
JLGAX	+ 0.92	WMKTX
WMKTX	+ 0.9	OTPSX

High negative correlations

LOGSX	- 0.8	FFBFX
FFBFX	- 0.58	BFONX
JUCSX	- 0.53	FFBFX
JUCIX	- 0.51	FFBFX
JLGAX	- 0.49	FFBFX
FFBFX	- 0.42	WMKTX

Risk-Adjusted Indicators

There is a big difference between Atac Mutual Fund performing well and Atac Inflation 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 Atac Inflation'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
BFONX	0.80	0.05	0.02	1.99	1.02	(0.82)	1.75	(1.41)	5.71
OTPSX	0.74	0.03	0.03	0.06	1.06	(0.72)	1.53	(1.93)	5.04
WMKTX	0.38	0.05	0.04	0.85	0.41	(0.42)	0.92	(0.77)	2.75
FFBFX	1.15	(0.15)	0.00	(0.05)	0.00	0.00	2.24	(3.18)	10.26
LOGSX	0.58	0.19	0.23	0.46	0.44	(0.71)	1.56	(1.18)	3.90
JLGAX	0.83	0.04	0.01	(0.77)	1.10	(0.85)	1.72	(1.93)	5.08
TRARX	0.18	0.01	(0.05)	0.06	0.15	(0.21)	0.41	(0.33)	1.49
IICAX	0.43	0.01	(0.04)	0.47	0.60	(0.44)	0.98	(0.66)	3.33
JUCIX	0.06	0.02	0.00	(0.71)	0.00	0.00	0.33	(0.11)	0.67
JUCSX	0.07	0.02	(0.10)	0.36	0.00	(0.21)	0.33	(0.11)	0.67

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