Access Flex Correlations

Mutual Funds . USA . 
Fund . Access Flex High
FYAIX Fund  USD 30.57  0.04  0.13%   
The current 90-days correlation between Access Flex High and Ab Bond Inflation is 0.21 (i.e., Modest 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

Good diversification

The correlation between Access Flex High and DJI is -0.19 (i.e., Good 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

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  0.97OTPSX Nasdaq 100 ProfundPairCorr
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  0.94MLPSX Mid Cap ValuePairCorr
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Moving against Access Mutual Fund

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  0.97BRPSX Bear Profund BearPairCorr
  0.96UIPSX Ultrashort Mid CapPairCorr
  0.95UKPSX Ultrashort Japan ProfundPairCorr
  0.95UKPIX Ultrashort Japan ProfundPairCorr
  0.94UIPIX Ultrashort Mid CapPairCorr
  0.7SRPSX Short Real EstatePairCorr
  0.65SRPIX Short Real EstatePairCorr
  0.33GVPSX Us Government PlusPairCorr

Related Correlations Analysis

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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.

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