Absolute Capital Correlations

Mutual Funds . USA . 
Fund . Absolute Capital Asset
AAMAX Fund  USD 12.06  0.02  0.17%   
The current 90-days correlation between Absolute Capital Asset and Absolute Capital Asset is 1.0 (i.e., No risk reduction). The correlation of Absolute Capital 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.

Absolute Capital Correlation With Market

Almost no diversification

The correlation between Absolute Capital Asset and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Asset 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 Absolute Capital Asset. 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 nation.

Moving together with Absolute Mutual Fund

  1.0AAMIX Absolute Capital AssetPairCorr
  1.0AAMCX Absolute Capital AssetPairCorr
  1.0ACMIX Absolute Capital DefenderPairCorr
  1.0ACMDX Absolute Capital DefenderPairCorr
  1.0ACMAX Absolute Capital DefenderPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.94PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.77GAAKX Gmo Alternative AlloPairCorr
  0.76GAAGX Gmo Alternative AlloPairCorr
  0.68GPBFX Gmo E PlusPairCorr
  1.0NSFHX Natixis SustainablePairCorr
  0.96MPACX Matthews Asia GrowthPairCorr
  1.0MXCCX Federated Max CapPairCorr
  0.72QSPIX Aqr Style PremiaPairCorr
  0.65MCSHX Mfs Commodity StrategyPairCorr
  0.99VEMPX Vanguard Extended MarketPairCorr
  0.96DVRJX Mfs Global AlternativePairCorr
  0.99UTVGX My529 Growth IndexPairCorr
  0.99DDVRX Delaware ValuePairCorr
  1.0FRCYX Fidelity SustainablePairCorr
  0.97CCYIX Columbia Acorn InterPairCorr
  0.95TRIEX Tiaa Cref InternationalPairCorr
  0.99CLSPX Columbia Mid CapPairCorr
  1.0LINKX Blackrock Lifepath IdxPairCorr
  0.92RGAVX Rare Global InfrastrPairCorr
  0.99VSPVX Vanguard Sp 500PairCorr

Moving against Absolute Mutual Fund

  0.45GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Capital 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 Absolute Capital'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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