Aquila Three Correlations

ATPYX Fund  USD 8.20  0.01  0.12%   
The current 90-days correlation between Aquila Three Peaks and Aquila Three Peaks is 0.59 (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

Very weak diversification

The correlation between Aquila Three Peaks and DJI is 0.56 (i.e., Very weak 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 manufacturing.

Moving together with Aquila Mutual Fund

  0.94ATGAX Aquila Three PeaksPairCorr
  0.95ATGYX Aquila Three PeaksPairCorr
  0.99ATPAX Aquila Three PeaksPairCorr
  0.91UTAYX Aquila Tax FreePairCorr
  0.9UTACX Aquila Tax FreePairCorr
  0.9UTAHX Aquila Tax FreePairCorr
  0.88COTCX Aquila Tax FreePairCorr
  0.85COTYX Aquila Tax FreePairCorr
  0.84COTFX Aquila Tax FreePairCorr
  0.92AZTYX Aquila Tax FreePairCorr
  0.91AZTFX Aquila Tax FreePairCorr
  0.92AZTCX Aquila Tax FreePairCorr
  0.82HULAX Hawaiian Tax FreePairCorr
  0.84HULFX Hawaiian Tax FreePairCorr
  0.84HULYX Hawaiian Tax FreePairCorr
  0.9ORTYX Aquila Tax FreePairCorr
  0.9ORTCX Aquila Tax FreePairCorr
  0.98VWEAX Vanguard High YieldPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  0.98BHYIX Blackrock High YieldPairCorr
  0.98BHYSX Blackrock Hi YldPairCorr
  0.98BHYAX Blackrock High YieldPairCorr
  0.95FAHHX American Funds AmericanPairCorr
  0.95FTAHX American Funds AmericanPairCorr
  0.96AHTFX American High IncomePairCorr
  0.95AHTCX American High IncomePairCorr
  0.67RYMEX Commodities StrategyPairCorr
  0.66RYMJX Commodities StrategyPairCorr
  0.67RYMBX Commodities StrategyPairCorr
  0.88BRUFX Bruce Fund BrucePairCorr
  0.96SPGSX State Street PremierPairCorr
  0.91KF Korea ClosedPairCorr
  0.97SMGAX Saat Servative StrategyPairCorr
  0.96FMSDX Fidelity Advisor MultiPairCorr
  0.98VLSMX Valic Company IPairCorr
  0.97CNPCX New PerspectivePairCorr
  0.72VFFIX Victory IncorePairCorr
  0.96TEDTX Tiaa Cref EmergingPairCorr

Related Correlations Analysis

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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  0.18  0.18  0.35  0.47 
 1.77 
 4.44 
ATGYX  0.65  0.18  0.17  0.35  0.46 
 1.75 
 4.45 
ATPAX  0.13  0.04 (0.49) 0.53  0.00 
 0.37 
 0.86 
ATPYX  0.12  0.03 (0.51) 0.44  0.00 
 0.38 
 0.74 
UTAYX  0.12  0.00 (0.61) 0.26  0.00 
 0.32 
 0.75 
UTACX  0.11  0.00 (0.61) 0.32  0.00 
 0.22 
 0.96 
UTAHX  0.12  0.00 (0.59) 0.29  0.04 
 0.32 
 0.86 
COTCX  0.11  0.00 (0.66) 0.24  0.03 
 0.21 
 0.75 
COTYX  0.11  0.00 (0.65) 0.35  0.00 
 0.21 
 0.85 
COTFX  0.12  0.02 (0.55)(0.55) 0.00 
 0.32 
 1.18