Access Flex Correlations

FYAIX Fund

USD 30.85 0.02 0.06%

The current 90-days correlation between Access Flex High and Franklin High Yield is 0.19 (i.e., Average diversification). The correlation of Access Flex 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.

Access Flex Correlation With Market

Significant diversification

The correlation between Access Flex High and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Flex High and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Access Flex High. 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 Access Mutual Fund

0.65	LGPIX	Large Cap Growth	Pair Corr
0.76	LGPSX	Profunds Large Cap	Pair Corr
0.61	OTPIX	Nasdaq 100 Profund	Pair Corr
0.7	GVPIX	Us Government Plus	Pair Corr
0.62	ENPSX	Oil Gas Ultrasector Steady Growth	Pair Corr
0.68	INPIX	Internet Ultrasector	Pair Corr
0.74	INPSX	Internet Ultrasector	Pair Corr
0.79	ULPIX	Ultrabull Profund	Pair Corr
0.68	ULPSX	Ultrabull Profund	Pair Corr
0.88	WCPIX	Mobile Telecommunicatio	Pair Corr
0.88	WCPSX	Mobile Telecommunicatio	Pair Corr
0.68	CYPSX	Consumer Services	Pair Corr
0.76	CYPIX	Consumer Services	Pair Corr
0.73	SVPIX	Small Cap Value	Pair Corr
0.68	SVPSX	Small Cap Value	Pair Corr
0.64	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Access Mutual Fund

0.67	BRPIX	Bear Profund Bear	Pair Corr
0.67	BRPSX	Bear Profund Bear	Pair Corr
0.6	UIPIX	Ultrashort Mid Cap	Pair Corr
0.53	UIPSX	Ultrashort Mid Cap	Pair Corr
0.42	UKPSX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.41	UKPIX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.34	SRPSX	Short Real Estate	Pair Corr
0.73	RTPIX	Rising Rates Opportunity	Pair Corr
0.62	RRPSX	Rising Rates Opportunity	Pair Corr
0.62	RTPSX	Rising Rates Opportunity	Pair Corr
0.58	RRPIX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	FHYIX	MSTBX	DLTNX	UIITX	SWSFX	APENX	PBNAX
FHYIX		0.94	0.96	0.97	0.87	0.97	0.97	FHYIX
MSTBX	0.94		0.98	0.98	0.87	0.98	0.98	MSTBX
DLTNX	0.96	0.98		0.99	0.86	0.99	0.99	DLTNX
UIITX	0.97	0.98	0.99		0.86	1.0	0.99	UIITX
SWSFX	0.87	0.87	0.86	0.86		0.87	0.86	SWSFX
APENX	0.97	0.98	0.99	1.0	0.87		0.99	APENX
PBNAX	0.97	0.98	0.99	0.99	0.86	0.99		PBNAX
	FHYIX	MSTBX	DLTNX	UIITX	SWSFX	APENX	PBNAX

Risk-Adjusted Indicators

There is a big difference between Access Mutual Fund performing well and Access Flex 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 Access Flex'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
FHYIX	0.15	0.05	(0.29)	(13.57)	0.00	(0.26)	0.45	(0.22)	0.91
MSTBX	0.09	0.01	(0.73)	2.30	0.00	(0.13)	0.20	(0.10)	0.41
DLTNX	0.17	0.02	(0.37)	0.68	0.00	(0.23)	0.45	(0.23)	0.90
UIITX	0.18	0.02	(0.35)	1.01	0.04	(0.22)	0.33	(0.32)	0.97
SWSFX	0.04	0.01	0.00	0.90	0.00	0.00	0.10	(0.10)	0.49
APENX	0.18	0.02	(0.35)	0.55	0.00	(0.23)	0.45	(0.23)	0.89
PBNAX	0.16	0.02	(0.40)	0.56	0.00	(0.21)	0.34	(0.26)	1.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC