Focused Dynamic Correlations

Mutual Funds . USA . 
Fund . Focused Dynamic Growth
ACFOX Fund  USD 74.50  0.05  0.07%   
The current 90-days correlation between Focused Dynamic Growth and Growth Portfolio Class is 0.85 (i.e., Very poor diversification). The correlation of Focused Dynamic 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.

Focused Dynamic Correlation With Market

Poor diversification

The correlation between Focused Dynamic Growth and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focused Dynamic Growth 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 Focused Dynamic Growth. 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 persons.

Moving together with Focused Mutual Fund

  0.65ASERX Select Fund RPairCorr
  1.0ACSLX Select Fund CPairCorr
  0.83FAFGX American FundsPairCorr
  0.83FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.64GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.87FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.96TEQAX Touchstone SustainabilityPairCorr
  0.96SIVIX State Street InstituPairCorr
  0.8IAF Aberdeen AustraliaPairCorr
  0.62JPM JPMorgan ChasePairCorr
  0.61AXP American ExpressPairCorr
  0.65IBM International Business Earnings Call This WeekPairCorr

Moving against Focused Mutual Fund

  0.55MCD McDonaldsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Focused Mutual Fund performing well and Focused Dynamic 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 Focused Dynamic'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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