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.
  
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 gross domestic product.

Moving together with Akre Mutual Fund

  0.94AKRSX Akre Focus FundPairCorr
  1.0AKREX Akre Focus FundPairCorr
  0.92FAFGX American FundsPairCorr
  0.92FFAFX American FundsPairCorr
  0.92GFACX Growth FundPairCorr
  0.9GFAFX Growth FundPairCorr
  0.9AGTHX Growth FundPairCorr
  0.92CGFFX Growth FundPairCorr
  0.92CGFCX Growth FundPairCorr
  0.9CGFAX Growth FundPairCorr
  0.9CGFEX Growth FundPairCorr
  0.92RGAEX Growth FundPairCorr
  0.93FTYPX Fidelity Freedom IndexPairCorr
  0.93FFBTX Fidelity Freedom BlendPairCorr
  0.7GAAVX Gmo Alternative AlloPairCorr
  0.92GCAVX Gmo Small CapPairCorr
  0.94GQLOX Gmo Quality FundPairCorr
  0.88GHVIX Gmo High YieldPairCorr
  0.91GMCQX Gmo Equity AllocationPairCorr
  0.93TAARX Transamerica AssetPairCorr
  0.95MIFIX Miller Intermediate BondPairCorr
  0.92DSMLX Touchstone Large PanyPairCorr
  0.88PRIAX International EmergingPairCorr
  0.84USBAX Usaa Ultra ShortPairCorr
  0.91TNBRX 1290 Smartbeta EquityPairCorr
  0.86GTCAX Gamco Global TelecomPairCorr
  0.89JIAGX Income AllocationPairCorr
  0.89ALMAX Alger Smidcap FocusPairCorr
  0.72CRTBX Conquer Risk TacticalPairCorr
  0.94LMPIX Clearbridge AppreciationPairCorr
  0.91FLRAX Nuveen Large CapPairCorr
  0.92RVPHX Royce Smaller CompaniesPairCorr
  0.91NSGRX Northern Small CapPairCorr
  0.93QSMNX Aqr Small CapPairCorr
  0.92RBITX American Funds 2050PairCorr
  0.9PQSAX Virtus Kar SmallPairCorr
  0.93JAAYX Jpmorgan SmartretirementPairCorr

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.