Akre Focus Correlations
AKRIX Fund | USD 75.39 0.78 1.05% |
The current 90-days correlation between Akre Focus Fund and Akre Focus Fund is -0.16 (i.e., Good 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
Almost no diversification
The correlation between Akre Focus Fund and DJI is 0.91 (i.e., Almost no 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.
Akre |
Moving together with Akre Mutual Fund
0.94 | AKRSX | Akre Focus Fund | PairCorr |
1.0 | AKREX | Akre Focus Fund | PairCorr |
0.92 | FAFGX | American Funds | PairCorr |
0.92 | FFAFX | American Funds | PairCorr |
0.92 | GFACX | Growth Fund | PairCorr |
0.9 | GFAFX | Growth Fund | PairCorr |
0.9 | AGTHX | Growth Fund | PairCorr |
0.92 | CGFFX | Growth Fund | PairCorr |
0.92 | CGFCX | Growth Fund | PairCorr |
0.9 | CGFAX | Growth Fund | PairCorr |
0.9 | CGFEX | Growth Fund | PairCorr |
0.92 | RGAEX | Growth Fund | PairCorr |
0.93 | FTYPX | Fidelity Freedom Index | PairCorr |
0.93 | FFBTX | Fidelity Freedom Blend | PairCorr |
0.7 | GAAVX | Gmo Alternative Allo | PairCorr |
0.92 | GCAVX | Gmo Small Cap | PairCorr |
0.94 | GQLOX | Gmo Quality Fund | PairCorr |
0.88 | GHVIX | Gmo High Yield | PairCorr |
0.91 | GMCQX | Gmo Equity Allocation | PairCorr |
0.93 | TAARX | Transamerica Asset | PairCorr |
0.95 | MIFIX | Miller Intermediate Bond | PairCorr |
0.92 | DSMLX | Touchstone Large Pany | PairCorr |
0.88 | PRIAX | International Emerging | PairCorr |
0.84 | USBAX | Usaa Ultra Short | PairCorr |
0.91 | TNBRX | 1290 Smartbeta Equity | PairCorr |
0.86 | GTCAX | Gamco Global Telecom | PairCorr |
0.89 | JIAGX | Income Allocation | PairCorr |
0.89 | ALMAX | Alger Smidcap Focus | PairCorr |
0.72 | CRTBX | Conquer Risk Tactical | PairCorr |
0.94 | LMPIX | Clearbridge Appreciation | PairCorr |
0.91 | FLRAX | Nuveen Large Cap | PairCorr |
0.92 | RVPHX | Royce Smaller Companies | PairCorr |
0.91 | NSGRX | Northern Small Cap | PairCorr |
0.93 | QSMNX | Aqr Small Cap | PairCorr |
0.92 | RBITX | American Funds 2050 | PairCorr |
0.9 | PQSAX | Virtus Kar Small | PairCorr |
0.93 | JAAYX | Jpmorgan Smartretirement | PairCorr |
Related Correlations Analysis
0.95 | 0.93 | 0.87 | 0.94 | AKRSX | ||
0.95 | 0.9 | 0.86 | 0.9 | AKREX | ||
0.93 | 0.9 | 0.97 | 0.98 | TRAIX | ||
0.87 | 0.86 | 0.97 | 0.94 | ADAIX | ||
0.94 | 0.9 | 0.98 | 0.94 | POLIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AKRSX | 0.72 | 0.21 | (0.04) | (0.87) | 0.81 | 1.61 | 5.26 | |||
AKREX | 0.74 | (0.03) | (0.03) | 0.18 | 0.76 | 1.73 | 5.24 | |||
TRAIX | 0.41 | 0.18 | (0.10) | (1.33) | 0.00 | 1.26 | 3.07 | |||
ADAIX | 0.08 | 0.03 | (1.65) | 19.86 | 0.00 | 0.16 | 0.56 | |||
POLIX | 0.73 | 0.28 | 0.02 | (0.95) | 0.59 | 2.22 | 5.21 |