Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Tactical
ACTIX Fund  USD 9.58  0.03  0.31%   
The current 90-days correlation between Advisors Capital Tactical and Emerging Markets Fund is 0.14 (i.e., Average diversification). The correlation of Advisors 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.

Advisors Capital Correlation With Market

Good diversification

The correlation between Advisors Capital Tactical and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Tactical 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 Advisors Capital Tactical. 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 gross domestic product.

Moving together with Advisors Mutual Fund

  0.91ACSMX Advisors Capital SmallmidPairCorr
  0.9ACUSX Advisors Capital DividendPairCorr
  0.98PONAX Pimco IncomePairCorr
  0.98PONCX Pimco IncomePairCorr
  0.98PIPNX Pimco IncomePairCorr
  0.95PONRX Pimco IncomePairCorr
  0.96PONPX Pimco Incme FundPairCorr
  0.96PIINX Pimco IncomePairCorr
  0.98PIMIX Pimco IncomePairCorr
  0.97LBNDX Lord Abbett BondPairCorr
  0.97FSTAX Fidelity Advisor StrPairCorr
  0.96FSRIX Fidelity Advisor StrPairCorr
  0.9SMPSX Semiconductor UltrasectorPairCorr
  0.9SMPIX Semiconductor UltrasectorPairCorr
  0.61MLPLX Oppenheimer Steelpath MlpPairCorr
  0.77EMO Clearbridge Energy MlpPairCorr
  0.87RSNYX Victory Global NaturalPairCorr
  0.87RSNRX Victory Global NaturalPairCorr
  0.62SPMPX Invesco Steelpath MlpPairCorr
  0.92WUSMX Ultra Short TermPairCorr
  0.91IRCYX International Small CapPairCorr
  0.78CMGIX Blackrock Mid CapPairCorr
  0.89PTFSX Pacific Capital TaxPairCorr
  0.87BUFDX Buffalo Dividend FocusPairCorr
  0.87ECEAX Eaton Vance TaxPairCorr
  0.93SOITX Spirit Of AmericaPairCorr
  0.87FHJVX Fidelity EuropePairCorr
  0.93NRLCX Neuberger Berman LargePairCorr
  0.82DNP Dnp Select IncomePairCorr
  0.88THIGX Thornburg E GrowthPairCorr
  0.8AVEAX Ave Maria FocusedPairCorr
  0.95SBILX Western Asset PoratePairCorr
  0.86SMLKX Sp Smallcap IndexPairCorr
  0.88NEXIX Shelton Green AlphaPairCorr
  0.8SMRPX Salient Mlp EnergyPairCorr
  0.9FTCHX Invesco TechnologyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Advisors Mutual Fund performing well and Advisors 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 Advisors 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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