Americafirst Large Correlations

SBQIX Fund

USD 14.56 0.18 1.25%

The current 90-days correlation between Americafirst Large Cap and Americafirst Large Cap is 1.0 (i.e., No risk reduction). The correlation of Americafirst Large 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.

Americafirst Large Correlation With Market

Very poor diversification

The correlation between Americafirst Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americafirst Large Cap. 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 Americafirst Mutual Fund

1.0	SBQAX	Americafirst Large Cap	Pair Corr
1.0	SBQUX	Americafirst Large Cap	Pair Corr
0.91	ABRUX	Americafirst Monthly	Pair Corr
0.91	ABRWX	Americafirst Tactical	Pair Corr
0.91	ABRFX	Americafirst Tactical Steady Growth	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.88	VIIIX	Vanguard Institutional	Pair Corr
0.67	IAFMX	Fm Investments Large	Pair Corr
0.97	CSMUX	Carillon Scout Mid	Pair Corr
0.8	BSL	Blackstone Gso Senior	Pair Corr
0.74	LUSNX	Lord Abbett Ultra	Pair Corr
0.74	AOUIX	Angel Oak Ultrashort	Pair Corr
0.87	FDCAX	Fidelity Capital App	Pair Corr
0.61	APDUX	Artisan Floating Rate	Pair Corr
0.73	FSPGX	Fidelity Large Cap	Pair Corr
0.73	BUSIX	Sterling Capital Ultra	Pair Corr
0.91	WFGGX	Wcm Focused Global	Pair Corr
0.97	MNRMX	Manor Fund Manor	Pair Corr
0.92	FCVSX	Fidelity Vertible	Pair Corr
0.7	DXNLX	Direxion Monthly Nasdaq	Pair Corr

Moving against Americafirst Mutual Fund

0.56	VTPSX	Vanguard Total Inter	Pair Corr
0.52	VTISX	Vanguard Total Inter	Pair Corr
0.52	VTSNX	Vanguard Total Inter	Pair Corr
0.68	TSMXX	Tsmxx	Pair Corr

Related Correlations Analysis

	SBQAX	SBQIX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX
SBQAX		1.0	0.91	0.91	0.91	0.58	0.57	0.55	-0.08	SBQAX
SBQIX	1.0		0.91	0.91	0.91	0.58	0.57	0.55	-0.09	SBQIX
ABRUX	0.91	0.91		1.0	1.0	0.33	0.31	0.3	-0.19	ABRUX
ABRWX	0.91	0.91	1.0		1.0	0.33	0.31	0.29	-0.19	ABRWX
ABRFX	0.91	0.91	1.0	1.0		0.33	0.31	0.29	-0.19	ABRFX
AFPIX	0.58	0.58	0.33	0.33	0.33		1.0	1.0	0.43	AFPIX
AFPAX	0.57	0.57	0.31	0.31	0.31	1.0		1.0	0.43	AFPAX
AFPUX	0.55	0.55	0.3	0.29	0.29	1.0	1.0		0.45	AFPUX
DGQUX	-0.08	-0.09	-0.19	-0.19	-0.19	0.43	0.43	0.45		DGQUX
	SBQAX	SBQIX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	AFPUX	DGQUX

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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

SBQIX	+ 1.0	SBQAX
ABRWX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRWX
AFPAX	+ 1.0	AFPIX
AFPUX	+ 1.0	AFPIX

High negative correlations

DGQUX	- 0.19	ABRFX
DGQUX	- 0.19	ABRWX
DGQUX	- 0.19	ABRUX
DGQUX	- 0.09	SBQIX
DGQUX	- 0.08	SBQAX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Large 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 Americafirst Large'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
SBQAX	0.63	0.03	0.03	0.07	0.80	(0.75)	1.34	(1.16)	7.56
SBQIX	0.63	0.03	0.04	0.07	0.80	(0.73)	1.35	(1.18)	7.62
ABRUX	0.99	0.12	0.09	0.13	1.21	(1.10)	2.14	(1.93)	8.28
ABRWX	0.99	0.12	0.10	0.14	1.23	(1.11)	2.19	(1.89)	8.30
ABRFX	1.00	0.12	0.10	0.13	1.24	(1.11)	2.18	(1.92)	8.28
AFPIX	0.53	(0.05)	0.00	(0.02)	0.00	0.00	1.02	(0.98)	6.06
AFPAX	0.51	(0.05)	0.00	(0.03)	0.00	0.00	1.09	(0.87)	5.90
AFPUX	0.51	(0.05)	0.00	(0.03)	0.00	0.00	1.06	(1.02)	5.86
DGQUX	0.28	(0.05)	0.00	(0.20)	0.00	0.00	0.63	(0.75)	1.75

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