Akre Focus Correlations

Mutual Funds . USA . 
Fund . Akre Focus Fund
AKREX Fund  USD 71.23  0.25  0.35%   
The current 90-days correlation between Akre Focus Fund and Osterweis Strategic Income is 0.58 (i.e., Very weak diversification). The correlation of Akre 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.

Akre Focus Correlation With Market

Very poor diversification

The correlation between Akre Focus Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akre 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 Akre 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 income.

Moving together with Akre Mutual Fund

  1.0AKRSX Akre Focus FundPairCorr
  1.0AKRIX Akre Focus FundPairCorr
  0.93FAFGX American FundsPairCorr
  0.93FFAFX American FundsPairCorr
  0.93GFACX Growth FundPairCorr
  0.93GFAFX Growth FundPairCorr
  0.93AGTHX Growth FundPairCorr
  0.93CGFFX Growth FundPairCorr
  0.93CGFCX Growth FundPairCorr
  0.93CGFAX Growth FundPairCorr
  0.93CGFEX Growth FundPairCorr
  0.93RGAEX Growth FundPairCorr
  0.93DXQLX Direxion Monthly NasdaqPairCorr
  0.93RYVLX Nasdaq 100 2xPairCorr
  0.93RYVYX Nasdaq 100 2xPairCorr
  0.93UOPIX Ultra Nasdaq 100PairCorr
  0.93RYCCX Nasdaq 100 2xPairCorr
  0.93UOPSX Ultranasdaq 100 ProfundPairCorr
  0.94INPIX Internet UltrasectorPairCorr
  0.94INPSX Internet UltrasectorPairCorr
  0.69BIPIX Biotechnology UltrasectorPairCorr
  0.92LTINX Principal Lifetime 2015PairCorr
  0.93HBADX Hartford ModeratePairCorr
  0.88FYTKX Fidelity Freedom IncomePairCorr
  0.91RPNIX Riverpark/next CenturyPairCorr
  0.93GTENX Gateway Fund ClassPairCorr
  0.93GWPCX American Funds GrowthPairCorr
  0.87MYSIX Victory TrivalentPairCorr
  0.93OTCNX Oppenheimer Cap ApprecPairCorr
  0.94MRRSX Massmutual RetiresmartPairCorr
  0.89HCMQX Hcm Dividend SectorPairCorr
  0.96RSVAX Victory Rs ValuePairCorr
  0.94FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.95MGQAX Global Quality PortfolioPairCorr
  0.95RGLIX Allianzgi Global NaturalPairCorr
  0.84FMUUX Federated MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Akre Mutual Fund performing well and Akre 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 Akre 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.

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