Ancora/thelen Small-mid Correlations

Mutual Funds . USA . 
Fund . Ancorathelen Small Mid Cap
AATSX Fund  USD 19.36  0.10  0.51%   
The current 90-days correlation between Ancora/thelen Small-mid and Ancora Microcap Fund is 0.93 (i.e., Almost no diversification). The correlation of Ancora/thelen Small-mid 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.

Ancora/thelen Small-mid Correlation With Market

Very poor diversification

The correlation between Ancorathelen Small Mid Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ancorathelen Small Mid Cap 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 Ancorathelen Small Mid 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 state.

Moving together with Ancora/thelen Mutual Fund

  0.96ANCIX Ancora MicrocapPairCorr
  0.87AAIIX Ancora IncomePairCorr
  1.0AATIX Ancora/thelen Small-midPairCorr
  0.98ADEIX Proxy Voting WherePairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.98DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.98UBVCX Undiscovered ManagersPairCorr
  0.98UBVAX Undiscovered ManagersPairCorr
  0.98UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.95VTISX Vanguard Total InterPairCorr
  0.95VTSNX Vanguard Total InterPairCorr
  0.95VTPSX Vanguard Total InterPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97FROTX Franklin ConvertiblePairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.96ZVNBX Zevenbergen GrowthPairCorr
  0.95CPLSX Calamos Phineus LongshortPairCorr
  0.94DISYX International StockPairCorr
  0.83SSTYX Wells Fargo ShortPairCorr
  0.91PSFAX Short Term FundPairCorr
  0.92PALPX Pimco All AssetPairCorr
  0.97FAVTX Fidelity Advisor EquityPairCorr
  0.86WTCOX Westcore Orado TaxPairCorr
  0.96GMWAX Gmo Global AssetPairCorr
  0.95RGGHX American Funds GlobalPairCorr
  0.95BARAX Baron Asset FundPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.73VMIXX Jpmorgan Trust IPairCorr
  0.93PBHAX Prudential High YieldPairCorr
  0.98RSEAX Us Strategic EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ancora/thelen Mutual Fund performing well and Ancora/thelen Small-mid 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 Ancora/thelen Small-mid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ANCIX  0.91  0.07  0.06  0.21  0.80 
(1.10)
 2.28 
(1.60)
 5.27 
AAIIX  0.24  0.05 (0.14) 0.41  0.00 
(0.33)
 0.59 
(0.29)
 1.74 
AATSX  0.89  0.08  0.07  0.21  0.78 
(1.07)
 2.46 
(1.95)
 5.61 
JDFAX  0.26  0.01 (0.34) 0.25  0.22 
(0.29)
 0.55 
(0.43)
 1.21 
SUTXX  0.03  0.00  0.00  0.49  0.00 
 0.00 
 0.00 
 0.00 
 1.01 
IOFCX  0.29  0.07 (0.19)(1.75) 0.12 
(0.37)
 0.68 
(0.43)
 2.22 
FCPCX  0.61  0.17  0.16  0.44  0.19 
(0.68)
 1.62 
(1.07)
 3.84 
BCIAX  0.11  0.00 (0.62) 0.19  0.00 
(0.16)
 0.27 
(0.18)
 0.74 
SDHAX  0.11  0.02 (0.64)(0.88) 0.00 
(0.17)
 0.29 
(0.21)
 0.94 
SAMHX  0.17  0.05 (0.29) 0.50  0.00 
(0.28)
 0.65 
(0.25)
 1.05 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY