Americafirst Income Correlations

Mutual Funds . USA . 
Fund . Americafirst Income Fund
AFPUX Fund  USD 4.40  0.02  0.46%   
The current 90-days correlation between Americafirst Income and Rbb Fund is -0.27 (i.e., Very good diversification). The correlation of Americafirst Income 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.

Americafirst Income Correlation With Market

Very good diversification

The correlation between Americafirst Income Fund and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Income 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 Americafirst Income 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 employment.

Moving together with Americafirst Mutual Fund

  0.84SBQAX Americafirst Large CapPairCorr
  0.99SBQIX Americafirst Large CapPairCorr
  0.99SBQUX Americafirst Large CapPairCorr
  0.8ABRUX Americafirst MonthlyPairCorr
  0.98ABRWX Americafirst TacticalPairCorr
  0.98ABRFX Americafirst TacticalPairCorr
  1.0AFPIX Americafirst IncomePairCorr
  1.0AFPAX Americafirst IncomePairCorr
  0.98FFIFX American FundsPairCorr
  0.98FAIFX American FundsPairCorr
  0.98IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr
  0.97AMECX Income FundPairCorr
  0.98RIDBX Income FundPairCorr
  0.98CIMEX Income FundPairCorr
  0.98RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.98CIMFX Income FundPairCorr
  0.9CPAYX Columbia Pacific/asiaPairCorr
  0.92CASAX Columbia PacificasiaPairCorr
  0.92CASCX Columbia PacificasiaPairCorr
  0.71CISGX Touchstone Sands CapitalPairCorr
  0.69MGHRX Morgan Stanley InstiPairCorr
  0.69MGRPX Growth Portfolio ClassPairCorr
  0.81BXHCX Barings High YieldPairCorr
  0.79VFINX Vanguard 500 IndexPairCorr
  0.96AEF Abrdn Emerging MarketsPairCorr
  0.97GSTIX Goldman Sachs StrategicPairCorr
  0.94TRVPX Tiaa-cref Mid-capPairCorr
  0.97NSFOX Natixis SustainablePairCorr
  0.96FJPCX Fidelity JapanPairCorr
  0.9FSAWX Fidelity Sai ConvertiblePairCorr
  0.8MRHYX Msift High YieldPairCorr
  0.74RTIUX Tax-managed InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Income 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 Americafirst Income'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.

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