Aquila Three Correlations

Mutual Funds . USA . 
Fund . Aquila Three Peaks
ATPAX Fund  USD 8.19  0.01  0.12%   
The current 90-days correlation between Aquila Three Peaks and Aquila Three Peaks is 0.55 (i.e., Very weak diversification). The correlation of Aquila Three 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.

Aquila Three Correlation With Market

Significant diversification

The correlation between Aquila Three Peaks 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 Aquila Three Peaks 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 Aquila Three Peaks. 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 nation.

Moving together with Aquila Mutual Fund

  0.96ATGAX Aquila Three PeaksPairCorr
  0.99ATPYX Aquila Three PeaksPairCorr
  0.93UTAYX Aquila Tax FreePairCorr
  0.9UTACX Aquila Tax FreePairCorr
  0.92UTAHX Aquila Tax FreePairCorr
  0.88COTCX Aquila Tax FreePairCorr
  0.86COTYX Aquila Tax FreePairCorr
  0.87COTFX Aquila Tax FreePairCorr
  0.93AZTYX Aquila Tax FreePairCorr
  0.93AZTFX Aquila Tax FreePairCorr
  0.93AZTCX Aquila Tax FreePairCorr
  0.82HULAX Hawaiian Tax FreePairCorr
  0.84HULFX Hawaiian Tax FreePairCorr
  0.84HULYX Hawaiian Tax FreePairCorr
  0.92ORTYX Aquila Tax FreePairCorr
  0.92ORTCX Aquila Tax FreePairCorr
  0.61VWEAX Vanguard High YieldPairCorr
  0.61BHYCX Blackrock Hi YldPairCorr
  0.61BHYSX Blackrock Hi YldPairCorr
  0.69RYMBX Commodities StrategyPairCorr
  0.61SPGSX State Street PremierPairCorr
  0.93KF Korea ClosedPairCorr
  0.63CNPCX New PerspectivePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aquila Mutual Fund performing well and Aquila Three 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 Aquila Three'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATGAX  0.66  0.29  0.13 (17.86) 0.47 
(0.78)
 1.77 
(1.05)
 4.44 
ATGYX  0.56  0.16  0.12  0.48  0.18 
(0.69)
 1.47 
(0.78)
 4.43 
ATPAX  0.13  0.05 (0.71) 3.14  0.00 
(0.21)
 0.37 
(0.13)
 0.86 
ATPYX  0.12  0.04 (0.73) 1.94  0.00 
(0.19)
 0.38 
(0.12)
 0.74 
UTAYX  0.12  0.01 (0.80)(4.01) 0.00 
(0.16)
 0.32 
(0.21)
 0.75 
UTACX  0.11  0.00 (0.79) 0.00  0.00 
(0.18)
 0.22 
(0.21)
 0.96 
UTAHX  0.12  0.01 (0.76)(0.47) 0.04 
(0.18)
 0.32 
(0.21)
 0.86 
COTCX  0.11  0.01 (0.86)(0.32) 0.03 
(0.16)
 0.21 
(0.21)
 0.75 
COTYX  0.11  0.01 (0.85)(0.57) 0.00 
(0.16)
 0.21 
(0.21)
 0.85 
COTFX  0.11  0.01 (0.80) 1.61  0.04 
(0.17)
 0.21 
(0.21)
 0.85 

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