Ancora Microcap Correlations

ANCIX Fund

USD 15.50 0.15 0.96%

The current 90-days correlation between Ancora Microcap and Ancora Income Fund is 0.68 (i.e., Poor diversification). The correlation of Ancora Microcap 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.

Ancora Microcap Correlation With Market

Poor diversification

The correlation between Ancora Microcap Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ancora Microcap 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 Ancora Microcap 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 Ancora Mutual Fund

0.93	AAIIX	Ancora Income	Pair Corr
0.96	AATSX	Ancora/thelen Small-mid	Pair Corr
0.96	AATIX	Ancora/thelen Small-mid	Pair Corr
0.97	ADEIX	Proxy Voting Where	Pair Corr
0.66	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.75	DFSVX	Us Small Cap	Pair Corr
0.69	DFFVX	Us Targeted Value	Pair Corr
0.73	UBVCX	Undiscovered Managers	Pair Corr
0.67	UBVAX	Undiscovered Managers	Pair Corr
0.73	UBVSX	Undiscovered Managers	Pair Corr
0.74	AVFIX	American Beacon Small	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTISX	Vanguard Total Inter	Pair Corr
0.72	VTSNX	Vanguard Total Inter	Pair Corr
0.72	VTPSX	Vanguard Total Inter	Pair Corr
0.72	VINIX	Vanguard Institutional	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.64	FROTX	Franklin Convertible	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.89	ZVNBX	Zevenbergen Growth	Pair Corr
0.97	CPLSX	Calamos Phineus Longshort	Pair Corr
0.86	DISYX	International Stock	Pair Corr
0.88	SSTYX	Wells Fargo Short	Pair Corr
0.67	PSFAX	Short Term Fund	Pair Corr
0.65	PALPX	Pimco All Asset	Pair Corr
0.95	FAVTX	Fidelity Advisor Equity	Pair Corr
0.85	WTCOX	Westcore Orado Tax	Pair Corr
0.95	GMWAX	Gmo Global Asset	Pair Corr
0.95	RGGHX	American Funds Global	Pair Corr
0.84	BARAX	Baron Asset Fund	Pair Corr
0.95	USPRX	Sp 500 Index	Pair Corr
0.95	PBHAX	Prudential High Yield	Pair Corr
0.96	RSEAX	Us Strategic Equity	Pair Corr

Related Correlations Analysis

	ANCIX	AAIIX	AATSX	JDFAX	SUTXX	IOFCX	FCPCX	BCIAX	SDHAX	SAMHX
ANCIX		0.93	0.96	0.47	0.64	0.8	0.65	0.73	0.89	0.94	ANCIX
AAIIX	0.93		0.87	0.56	0.61	0.82	0.53	0.71	0.88	0.93	AAIIX
AATSX	0.96	0.87		0.33	0.78	0.79	0.63	0.7	0.88	0.92	AATSX
JDFAX	0.47	0.56	0.33		0.08	0.66	0.61	0.77	0.56	0.57	JDFAX
SUTXX	0.64	0.61	0.78	0.08		0.59	0.37	0.59	0.75	0.68	SUTXX
IOFCX	0.8	0.82	0.79	0.66	0.59		0.66	0.77	0.9	0.92	IOFCX
FCPCX	0.65	0.53	0.63	0.61	0.37	0.66		0.81	0.64	0.65	FCPCX
BCIAX	0.73	0.71	0.7	0.77	0.59	0.77	0.81		0.86	0.76	BCIAX
SDHAX	0.89	0.88	0.88	0.56	0.75	0.9	0.64	0.86		0.94	SDHAX
SAMHX	0.94	0.93	0.92	0.57	0.68	0.92	0.65	0.76	0.94		SAMHX
	ANCIX	AAIIX	AATSX	JDFAX	SUTXX	IOFCX	FCPCX	BCIAX	SDHAX	SAMHX

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Risk-Adjusted Indicators

There is a big difference between Ancora Mutual Fund performing well and Ancora Microcap 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 Ancora Microcap'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANCIX	0.91	0.07	0.06	0.21	0.80	(1.10)	2.28	(1.60)	5.27
AAIIX	0.24	0.05	(0.14)	0.41	0.00	(0.33)	0.59	(0.29)	1.74
AATSX	0.89	0.08	0.07	0.21	0.78	(1.07)	2.46	(1.95)	5.61
JDFAX	0.25	0.02	(0.34)	2.06	0.20	(0.30)	0.55	(0.43)	1.21
SUTXX	0.03	0.00	0.00	0.49	0.00	0.00	0.00	0.00	1.01
IOFCX	0.29	0.05	(0.19)	0.61	0.12	(0.37)	0.68	(0.43)	2.22
FCPCX	0.55	0.22	0.14	6.21	0.12	(0.63)	1.51	(1.04)	3.84
BCIAX	0.10	0.01	(0.77)	0.25	0.00	(0.16)	0.27	(0.18)	0.74
SDHAX	0.11	0.01	(0.70)	0.36	0.00	(0.16)	0.22	(0.21)	0.72
SAMHX	0.17	0.05	(0.29)	0.50	0.00	(0.28)	0.65	(0.25)	1.05

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Ancora Microcap Correlations

Ancora Microcap Correlation With Market

Poor diversification

Moving together with Ancora Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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