Ariel Focus Correlations

AFOYX Fund

USD 17.00 0.06 0.35%

The correlation of Ariel Focus 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.

Ariel Focus Correlation With Market

Good diversification

The correlation between Ariel Focus Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ariel Focus Fund 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 Ariel Focus Fund. 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 manufacturing.

Moving together with Ariel Mutual Fund

1.0	ARFFX	Ariel Focus Fund	Pair Corr
0.96	ARGFX	Ariel Fund Investor	Pair Corr
0.95	AGLYX	Ariel Global	Pair Corr
0.95	AGLOX	Ariel Global	Pair Corr
0.91	AINTX	Ariel International	Pair Corr
0.91	AINIX	Ariel International	Pair Corr
0.97	CAAPX	Ariel Appreciation	Pair Corr
0.99	CAAIX	Ariel Appreciation	Pair Corr
0.95	VMVAX	Vanguard Mid Cap	Pair Corr
0.97	JVMAX	John Hancock Disciplined	Pair Corr
0.96	JVMIX	John Hancock Disciplined	Pair Corr
0.95	VMVIX	Vanguard Mid Cap	Pair Corr
0.93	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.95	VETAX	Victory Sycamore Est	Pair Corr
0.92	PDI	Pimco Dynamic Income	Pair Corr
0.95	FTCAX	Templeton Strained Bond	Pair Corr
0.93	PDAIX	Pinebridge Dynamic Asset	Pair Corr
0.95	PSDUX	Pimco Short Duration	Pair Corr
0.95	RYFIX	Financial Services	Pair Corr
0.96	MHEIX	Mh Elite Income	Pair Corr
0.98	WFOPX	Wells Fargo Opportunity	Pair Corr
0.97	PTOAX	Stocksplus Total Return	Pair Corr
0.96	RYRSX	Russell 2000 2x	Pair Corr
0.88	PIIJX	Diversified International	Pair Corr
0.95	FEYIX	Fidelity Asset Manager	Pair Corr
0.95	PPUMX	Largecap Growth	Pair Corr
0.97	CAFCX	Amcap Fund Class	Pair Corr

Moving against Ariel Mutual Fund

0.75	TCTGX	Transamerica Cleartrack	Pair Corr
0.92	USPSX	Profunds Ultrashort	Pair Corr
0.92	USPIX	Profunds Ultrashort	Pair Corr
0.92	UIPIX	Ultrashort Mid Cap	Pair Corr
0.74	TDKTX	Cleartrack 2015 Class	Pair Corr
0.74	TCTJX	Transamerica Cleartrack	Pair Corr
0.72	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	ARAIX	ARFFX	ARGFX	AFOYX	AGLYX	AGLOX	AINTX	AINIX	CAAPX	CAAIX
ARAIX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ARAIX
ARFFX	0.0		0.96	1.0	0.95	0.95	0.91	0.91	0.97	0.99	ARFFX
ARGFX	0.0	0.96		0.96	0.94	0.94	0.91	0.91	1.0	0.97	ARGFX
AFOYX	0.0	1.0	0.96		0.95	0.95	0.91	0.91	0.97	0.99	AFOYX
AGLYX	0.0	0.95	0.94	0.95		1.0	0.99	0.99	0.95	0.96	AGLYX
AGLOX	0.0	0.95	0.94	0.95	1.0		0.99	0.99	0.95	0.96	AGLOX
AINTX	0.0	0.91	0.91	0.91	0.99	0.99		1.0	0.91	0.92	AINTX
AINIX	0.0	0.91	0.91	0.91	0.99	0.99	1.0		0.91	0.92	AINIX
CAAPX	0.0	0.97	1.0	0.97	0.95	0.95	0.91	0.91		0.98	CAAPX
CAAIX	0.0	0.99	0.97	0.99	0.96	0.96	0.92	0.92	0.98		CAAIX
	ARAIX	ARFFX	ARGFX	AFOYX	AGLYX	AGLOX	AINTX	AINIX	CAAPX	CAAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AFOYX	+ 1.0	ARFFX
CAAPX	+ 1.0	ARGFX
AGLOX	+ 1.0	AGLYX
AINIX	+ 1.0	AINTX
CAAIX	+ 0.99	ARFFX
CAAIX	+ 0.99	AFOYX

High negative correlations

CAAIX	- 0.0	ARAIX
CAAPX	- 0.0	ARAIX
AINIX	- 0.0	ARAIX
AINTX	- 0.0	ARAIX
AGLOX	- 0.0	ARAIX
AGLYX	- 0.0	ARAIX

Risk-Adjusted Indicators

There is a big difference between Ariel Mutual Fund performing well and Ariel Focus 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 Ariel Focus' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARAIX	0.99	0.40	0.20	(2.69)	0.89	(1.16)	2.37	(1.66)	8.16
ARFFX	0.72	0.27	0.13	(2.17)	0.63	(0.86)	1.93	(1.29)	5.56
ARGFX	1.02	0.14	0.13	0.24	1.03	(1.16)	2.37	(2.05)	8.14
AFOYX	0.73	0.27	0.14	(2.05)	0.62	(0.87)	2.00	(1.29)	5.55
AGLYX	0.50	0.19	0.07	(1.86)	0.33	(0.57)	1.21	(1.10)	3.10
AGLOX	0.50	0.19	0.07	(1.79)	0.33	(0.60)	1.23	(1.11)	3.09
AINTX	0.52	0.21	0.10	(2.33)	0.21	(0.61)	1.37	(0.96)	3.26
AINIX	0.53	0.21	0.11	(2.04)	0.19	(0.62)	1.38	(0.93)	3.32
CAAPX	1.02	0.12	0.12	0.23	1.02	(1.18)	2.36	(2.09)	8.52
CAAIX	1.03	0.32	0.13	(2.30)	1.01	(1.19)	2.35	(2.09)	8.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC