Access Capital Correlations
| ACCSX Fund | USD 7.66 0.01 0.13% |
The current 90-days correlation between Access Capital Munity and Ab Global Bond is 0.82 (i.e., Very poor diversification). The correlation of Access 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.
Access Capital Correlation With Market
Significant diversification
The correlation between Access Capital Munity and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Capital Munity and DJI in the same portfolio, assuming nothing else is changed.
Access |
Moving together with Access Mutual Fund
| 0.61 | RSDIX | Rbc Short Duration | PairCorr |
| 0.88 | RCPAX | Rbc Bluebay Core | PairCorr |
| 0.88 | RCPIX | Rbc Funds Trust | PairCorr |
| 1.0 | ACATX | Alger Capital Apprec | PairCorr |
| 1.0 | ACASX | Access Capital Munity | PairCorr |
Related Correlations Analysis
| 0.95 | 0.88 | 0.88 | 0.88 | 0.82 | 0.94 | ANAGX | ||
| 0.95 | 0.94 | 0.89 | 0.9 | 0.86 | 0.93 | FDBCX | ||
| 0.88 | 0.94 | 0.87 | 0.83 | 0.96 | 0.9 | RESAX | ||
| 0.88 | 0.89 | 0.87 | 0.81 | 0.82 | 0.83 | OWMBX | ||
| 0.88 | 0.9 | 0.83 | 0.81 | 0.74 | 0.92 | ANBIX | ||
| 0.82 | 0.86 | 0.96 | 0.82 | 0.74 | 0.84 | SGYAX | ||
| 0.94 | 0.93 | 0.9 | 0.83 | 0.92 | 0.84 | MSTBX | ||
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Risk-Adjusted Indicators
There is a big difference between Access Mutual Fund performing well and Access 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 Access 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANAGX | 0.18 | 0.01 | (0.27) | (0.69) | 0.20 | 0.44 | 1.30 | |||
| FDBCX | 0.24 | 0.01 | (0.24) | 0.29 | 0.27 | 0.49 | 1.44 | |||
| RESAX | 0.28 | 0.03 | (0.10) | 0.76 | 0.38 | 0.50 | 2.17 | |||
| OWMBX | 0.17 | 0.01 | (0.18) | (0.08) | 0.32 | 0.27 | 1.80 | |||
| ANBIX | 0.18 | 0.00 | (0.32) | (0.14) | 0.22 | 0.39 | 1.25 | |||
| SGYAX | 0.19 | 0.02 | (0.14) | 0.27 | 0.21 | 0.58 | 1.16 | |||
| MSTBX | 0.12 | 0.01 | (0.55) | (0.73) | 0.00 | 0.21 | 0.83 |