Advisors Capital Correlations

Mutual Funds . USA . 
Fund . Advisors Capital Dividend
ACUSX Fund  USD 13.23  0.04  0.30%   
The current 90-days correlation between Advisors Capital Dividend and Advisors Capital Smallmid is 0.86 (i.e., Very poor 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

Almost no diversification

The correlation between Advisors Capital Dividend and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Capital Dividend 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 Dividend. 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 Advisors Mutual Fund

  0.96ACSMX Advisors Capital SmallmidPairCorr
  0.9ACTIX Advisors Capital TacticalPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.66SPMPX Invesco Steelpath MlpPairCorr
  0.66MLPNX Oppenheimer Steelpath MlpPairCorr
  0.63MLPMX Oppenheimer Steelpath MlpPairCorr
  0.65SPMJX Invesco Steelpath MlpPairCorr
  0.96TMCAX Rbc Smid CapPairCorr
  0.94GF New Germany ClosedPairCorr
  0.85AAAQX Deutsche Real AssetsPairCorr
  0.98OAAAX Oppenheimer Active AllctnPairCorr
  0.97BIGTX Texas FundPairCorr
  0.96RITHX American High IncomePairCorr
  0.98CALCX Calvert ConservativePairCorr
  0.99CSMVX Century Small CapPairCorr
  0.98GRMAX Nationwide Sp 500PairCorr
  0.99IVAEX Ivy Asset StrategyPairCorr
  0.98CMIRX Conestoga Micro CapPairCorr
  0.99EPSRX Mainstay Epoch GlobalPairCorr
  0.98CSXCX Calvert Large CapPairCorr
  0.95PDECX Prudential JennisonPairCorr
  0.98CCQYX Columbia DisciplinedPairCorr
  0.98DFDMX Df Dent MidcapPairCorr
  0.98CAMOX Cambiar OpportunityPairCorr
  0.97PSCAX Palmer Square SsiPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ACSMX  0.88  0.04  0.04  0.18  0.94 
(1.00)
 2.05 
(1.75)
 6.11 
ACTIX  0.21  0.02 (0.29) 0.26  0.12 
(0.26)
 0.42 
(0.42)
 1.50 
PFFSX  0.70  0.13  0.12  0.27  0.57 
(0.77)
 2.10 
(1.42)
 5.50 
ACUSX  0.58  0.07  0.06  0.22  0.47 
(0.69)
 1.64 
(1.02)
 3.92 
RIDCX  0.31  0.07 (0.02) 0.33  0.00 
(0.36)
 0.88 
(0.56)
 2.21 
SAMHX  0.17  0.07 (0.32)(1.60) 0.00 
(0.28)
 0.65 
(0.25)
 1.05 
MWLNX  0.11  0.01 (0.82) 1.73  0.00 
(0.19)
 0.28 
(0.19)
 0.74 
FGUAX  0.06  0.01 (1.15) 7.34  0.00 
(0.16)
 0.10 
(0.10)
 0.52 
FDSCX  0.88  0.10  0.09  0.23  0.83 
(0.98)
 2.34 
(1.63)
 6.13 
LRSOX  0.87  0.28  0.12 (2.30) 0.76 
(1.01)
 2.37 
(1.71)
 6.53 

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