Access Flex Correlations

AFBSX Fund  USD 23.18  0.03  0.13%   
The current 90-days correlation between Access Flex Bear and Short Real Estate is 0.53 (i.e., Very weak diversification). The correlation of Access Flex 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 Flex Correlation With Market

Excellent diversification

The correlation between Access Flex Bear and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Flex Bear 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 Access Flex Bear. 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 Access Mutual Fund

  0.72SRPIX Short Real EstatePairCorr
  0.76SRPSX Short Real EstatePairCorr
  0.97UIPIX Ultrashort Mid CapPairCorr
  0.94UIPSX Ultrashort Mid CapPairCorr
  0.95BRPIX Bear Profund BearPairCorr
  0.95BRPSX Bear Profund BearPairCorr
  0.97UKPSX Ultrashort Japan ProfundPairCorr
  0.97UKPIX Ultrashort Japan ProfundPairCorr

Moving against Access Mutual Fund

  0.97TEPIX Technology UltrasectorPairCorr
  0.97TEPSX Technology UltrasectorPairCorr
  0.97OTPIX Nasdaq 100 ProfundPairCorr
  0.97OTPSX Nasdaq 100 ProfundPairCorr
  0.96UJPIX Ultrajapan ProfundPairCorr
  0.96UJPSX Ultrajapan ProfundPairCorr
  0.96MLPSX Mid Cap ValuePairCorr
  0.96MLPIX Mid Cap ValuePairCorr
  0.95LGPIX Large Cap GrowthPairCorr
  0.95LGPSX Profunds Large CapPairCorr
  0.88BTCFX Bitcoin Strategy ProfundPairCorr
  0.79ENPIX Oil Gas UltrasectorPairCorr
  0.78ENPSX Oil Gas UltrasectorPairCorr
  0.78PHPIX Pharmaceuticals UltrasectorPairCorr
  0.97INPIX Internet UltrasectorPairCorr
  0.97ULPSX Ultrabull ProfundPairCorr
  0.97WCPIX Mobile TelecommunicatioPairCorr
  0.97WCPSX Mobile TelecommunicatioPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.97UOPSX Ultranasdaq 100 ProfundPairCorr
  0.96SVPIX Small Cap ValuePairCorr
  0.96SVPSX Small Cap ValuePairCorr
  0.96UMPSX Ultramid Cap ProfundPairCorr
  0.96UMPIX Ultramid Cap ProfundPairCorr
  0.95INPSX Internet UltrasectorPairCorr
  0.95ULPIX Ultrabull ProfundPairCorr
  0.95UNPIX UltrainternationalPairCorr
  0.95UNPSX UltrainternationalPairCorr
  0.93CYPSX Consumer ServicesPairCorr
  0.91CYPIX Consumer ServicesPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SRPSXSRPIX
TEPSXTEPIX
LGPSXLGPIX
BRPSXBRPIX
BRPIXUIPSX
BRPSXUIPSX
  
High negative correlations   
BRPSXLGPSX
BRPIXLGPSX
BRPSXLGPIX
BRPIXLGPIX
BRPSXTEPSX
BRPIXTEPSX

Risk-Adjusted Indicators

There is a big difference between Access Mutual Fund performing well and Access Flex 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 Flex'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
SRPIX  0.62 (0.01) 0.00  0.14  0.00 
 1.28 
 4.17 
SRPSX  0.62 (0.01) 0.00  0.16  0.00 
 1.36 
 4.33 
UIPIX  1.54 (0.16) 0.00  0.21  0.00 
 3.12 
 11.68 
UIPSX  1.56 (0.50) 0.00 (1.24) 0.00 
 3.11 
 11.68 
TEPIX  1.39  0.38  0.27  0.37  1.25 
 3.59 
 9.62 
TEPSX  1.39  0.38  0.27  0.37  1.24 
 3.56 
 9.60 
LGPIX  0.80  0.33  0.16 (3.72) 0.66 
 2.41 
 5.29 
LGPSX  0.80  0.32  0.16 (3.65) 0.66 
 2.40 
 5.28 
BRPIX  0.66 (0.25) 0.00 (2.90) 0.00 
 1.14 
 5.63 
BRPSX  0.64 (0.25) 0.00 (3.13) 0.00 
 1.06 
 5.62