Advent Claymore Correlations

Mutual Funds . USA . 
Fund . Advent Claymore Convertible
XAVKX Fund  USD 12.69  0.01  0.08%   
The current 90-days correlation between Advent Claymore Conv and Msift High Yield is 0.73 (i.e., Poor diversification). The correlation of Advent Claymore 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.

Advent Claymore Correlation With Market

Good diversification

The correlation between Advent Claymore Convertible and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advent Claymore Convertible and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advent Claymore Convertible. 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 industry.

Moving together with Advent Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.96FBAFX American Funds AmericanPairCorr
  0.98RRQPX American Funds RetirementPairCorr
  0.97STSRX American Beacon StephensPairCorr
  0.98TPLNX Timothy Small CapPairCorr
  0.98SCWFX Smallcap WorldPairCorr
  0.97FPTPX American Funds ConsePairCorr
  0.97ANORX Small Cap GrowthPairCorr
  0.98GSHTX Goldman Sachs HighPairCorr
  0.96FIJKX Fidelity Advisor FreedomPairCorr
  0.92VCADX Vanguard CaliforniaPairCorr
  0.98JGLTX Global TechnologyPairCorr
  0.88PSPFX Global ResourcesPairCorr
  0.93AIWEX World EnergyPairCorr
  0.86BTFRX Bts Tactical FixedPairCorr
  0.9TWTIX Intermediate Term TaxPairCorr
  0.96BALFX American BalancedPairCorr
  0.95JSCOX Perkins Small CapPairCorr
  0.98POGCX Putnam Growth OpportPairCorr
  0.75RCBEX American Funds PoratePairCorr
  0.87SSAGX Virtus Seix GovernmentPairCorr
  0.98FCJTX American Funds 2055PairCorr
  0.94ISMSX Vy American CenturyPairCorr
  0.97FAETX American Funds 2030PairCorr
  0.76MXSFX Great West RealPairCorr
  0.95RSVIX Rbc Small CapPairCorr
  0.96CLBAX American BalancedPairCorr
  0.88TWTCX Intermediate Term TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Advent Mutual Fund performing well and Advent Claymore 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 Advent Claymore'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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