Anfield Universal Correlations

Mutual Funds . USA . 
Fund . Anfield Universal Fixed
AFLIX Fund  USD 8.77  0.01  0.11%   
The current 90-days correlation between Anfield Universal Fixed and Capital Income Builder is 0.1 (i.e., Average diversification). The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Good diversification

The correlation between Anfield Universal Fixed and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed 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 Anfield Universal Fixed. 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 Anfield Mutual Fund

  0.99AFLKX Anfield Universal FixedPairCorr
  0.73BSIKX Blackrock StrategicPairCorr
  0.73BSICX Blackrock Strategic OppsPairCorr
  0.73BASIX Blackrock Strategic OppsPairCorr
  0.67BSIIX Blackrock StrategicPairCorr
  0.68JSORX Jpmorgan Strategic IncomePairCorr
  0.67JSOZX Jpmorgan Strategic IncomePairCorr
  0.68JSOSX Jpmorgan Strategic IncomePairCorr
  0.68JSOAX Jpmorgan Strategic IncomePairCorr
  0.63PMZCX Pimco Mortgage OpporPairCorr
  0.67HLDIX Hartford EmergingPairCorr
  0.74HLDRX Hartford EmergingPairCorr
  0.66HLDAX Hartford EmergingPairCorr
  0.67HLDCX Hartford EmergingPairCorr
  0.66HLDTX Hartford EmergingPairCorr
  0.72MHYIX Mainstay High YieldPairCorr
  0.97IRDAX Ishares Russell 3000PairCorr
  0.95RVPHX Royce Smaller CompaniesPairCorr
  0.73LEKKX Blackrock Lifepath EsgPairCorr
  0.96MIFIX Miller Intermediate BondPairCorr
  0.74JINTX Johnson InternationalPairCorr
  0.73APDMX Artisan Mid CapPairCorr
  0.99SMHYX Aim Counselor SeriesPairCorr
  0.62HFLYX Hartford FloatingPairCorr
  0.94PARTX Putman Absolute ReturnPairCorr
  0.69JIESX Jpmorgan InternationalPairCorr
  0.65TEDTX Tiaa Cref EmergingPairCorr
  0.75TEIMX T Rowe PricePairCorr
  0.64SMGAX Saat Servative StrategyPairCorr
  0.72MSQLX International EquityPairCorr
  0.62AONIX One Choice PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Anfield Mutual Fund performing well and Anfield Universal 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 Anfield Universal'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
AFLIX  0.07  0.04 (0.74)(5.06) 0.00 
(0.13)
 0.23 
(0.11)
 0.35 
CIRFX  0.33  0.17  0.06 (2.81) 0.00 
(0.39)
 1.04 
(0.64)
 2.06 
HCESX  0.55  0.24  0.12 (3.17) 0.36 
(0.65)
 1.83 
(1.08)
 3.76 
TEOJX  0.56  0.21  0.17  0.59  0.11 
(0.70)
 1.62 
(1.18)
 4.16 
JSIIX  0.25  0.13 (0.02)(4.34) 0.00 
(0.32)
 0.83 
(0.43)
 1.88 
IRSLX  0.26  0.13 (0.03)(2.70) 0.00 
(0.33)
 0.87 
(0.38)
 1.85 
FCCGX  0.80  0.33  0.18 (3.46) 0.50 
(0.92)
 2.34 
(1.32)
 5.62 
THISX  0.90  0.07 (0.06)(0.31) 1.28 
(0.91)
 1.59 
(2.36)
 5.98 
TEPSX  1.28  0.75  0.58  6.00  0.13 
(1.75)
 3.56 
(1.43)
 9.60 
EAERX  0.67  0.12  0.12  0.26  0.59 
(0.79)
 1.82 
(1.29)
 4.87 

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