Anfield Universal Correlations

Mutual Funds . USA . 
Fund . Anfield Universal Fixed
AFLKX Fund  USD 8.77  0.01  0.11%   
The current 90-days correlation between Anfield Universal Fixed and Anfield Universal Fixed is 0.73 (i.e., Poor 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

Very weak diversification

The correlation between Anfield Universal Fixed and DJI is 0.45 (i.e., Very weak 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 industry.

Moving together with Anfield Mutual Fund

  1.0AFLIX Anfield Universal FixedPairCorr
  0.98BSIKX Blackrock StrategicPairCorr
  0.98BSICX Blackrock Strategic OppsPairCorr
  0.98BASIX Blackrock Strategic OppsPairCorr
  0.99BSIIX Blackrock StrategicPairCorr
  0.98JSORX Jpmorgan Strategic IncomePairCorr
  0.98JSOZX Jpmorgan Strategic IncomePairCorr
  0.98JSOCX Jpmorgan Strategic IncomePairCorr
  0.98JSOSX Jpmorgan Strategic IncomePairCorr
  0.98JSOAX Jpmorgan Strategic IncomePairCorr
  0.85PMZCX Pimco Mortgage OpporPairCorr
  0.84MGGYX Mirova Global GreenPairCorr
  0.98HLDIX Hartford EmergingPairCorr
  0.98HLDRX Hartford EmergingPairCorr
  0.98HLDAX Hartford EmergingPairCorr
  0.98HLDCX Hartford EmergingPairCorr
  0.98HLDTX Hartford EmergingPairCorr
  0.99MHYIX Mainstay High YieldPairCorr
  0.97IRDAX Ishares Russell 3000PairCorr
  0.78TIORX Tiaa Cref BondPairCorr
  0.95RVPHX Royce Smaller CompaniesPairCorr
  0.98LEKKX Blackrock Lifepath EsgPairCorr
  0.97MIFIX Miller Intermediate BondPairCorr
  0.95JINTX Johnson InternationalPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.99SMHYX Aim Counselor SeriesPairCorr
  0.98HFLYX Hartford FloatingPairCorr
  0.93PARTX Putman Absolute ReturnPairCorr
  0.96JIESX Jpmorgan InternationalPairCorr
  0.99TEDTX Tiaa Cref EmergingPairCorr
  0.97TEIMX T Rowe PricePairCorr
  0.96SMGAX Saat Servative StrategyPairCorr
  0.86FUFRX Franklin UtilitiesPairCorr
  0.93MSQLX International EquityPairCorr
  0.98AONIX One Choice PortfolioPairCorr

Related Correlations Analysis

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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  0.03 (0.77) 0.88  0.00 
(0.13)
 0.12 
(0.11)
 0.35 
CIRFX  0.35  0.09  0.03  0.37  0.00 
(0.39)
 1.04 
(0.73)
 2.06 
HCESX  0.55  0.12  0.10  0.29  0.38 
(0.64)
 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  0.27  0.06 (0.07) 0.29  0.10 
(0.32)
 0.83 
(0.55)
 1.88 
IRSLX  0.27  0.06 (0.08) 0.30  0.00 
(0.32)
 0.87 
(0.41)
 1.85 
FCCGX  0.83  0.12  0.10  0.24  0.74 
(0.89)
 2.34 
(1.51)
 5.62 
THISX  0.91 (0.12)(0.10)(0.01) 1.29 
(0.91)
 1.59 
(2.36)
 5.98 
TEPSX  1.39  0.38  0.27  0.37  1.24 
(1.72)
 3.56 
(2.16)
 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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