Anchor Tactical Correlations

Mutual Funds . USA . 
Fund . Anchor Tactical Equity
ATESX Fund  USD 15.10  0.01  0.07%   
The current 90-days correlation between Anchor Tactical Equity and Anchor Risk Managed is 0.59 (i.e., Very weak diversification). The correlation of Anchor Tactical 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.

Anchor Tactical Correlation With Market

Very weak diversification

The correlation between Anchor Tactical Equity and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anchor Tactical Equity 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 Anchor Tactical Equity. 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 state.

Moving together with Anchor Mutual Fund

  0.98ATCSX Anchor Tactical CreditPairCorr
  1.0ATEAX Anchor Risk ManagedPairCorr
  0.86ATGSX Anchor Risk ManagedPairCorr
  0.89JHQCX Jpmorgan Hedged EquityPairCorr
  0.89JHEQX Jpmorgan Hedged EquityPairCorr
  0.89JHQAX Jpmorgan Hedged EquityPairCorr
  0.92GTENX Gateway Fund ClassPairCorr
  0.91GTECX Gateway Fund ClassPairCorr
  0.92GTEYX Gateway Fund ClassPairCorr
  0.92GATEX Gateway Fund ClassPairCorr
  0.96JHDCX Jpmorgan Hedged EquityPairCorr
  0.96JHDRX Jpmorgan Hedged EquityPairCorr
  0.96JHDAX Jpmorgan Hedged EquityPairCorr
  0.65NHS Neuberger Berman HighPairCorr
  0.93PCGRX Pioneer Mid CapPairCorr
  0.88PGBEX Blue Chip FundPairCorr
  0.92TRROX T Rowe PricePairCorr
  0.89JECIX John Hancock VarPairCorr
  0.92GGNPX Goldman Sachs HighPairCorr
  0.92MXEOX Great West EmergingPairCorr
  0.92VEVFX Vanguard Explorer ValuePairCorr
  0.92FTZFX Fuller Thaler BehavioralPairCorr
  0.88ATECX Ab Sustainable GlobalPairCorr
  0.93RYCVX Dow 2x StrategyPairCorr
  0.82LSIIX Loomis Sayles InvestmentPairCorr
  0.92BEQAX Equity GrowthPairCorr
  0.72FBIOX Biotechnology PortfolioPairCorr
  0.91CSGCX Calvert Balanced PorPairCorr
  0.93CBLAX Columbia BalancedPairCorr
  0.9AACRX Strategic AllocationPairCorr
  0.9STMUX Invesco Short TermPairCorr
  0.92DHLTX Diamond Hill AllPairCorr
  0.76IORLX Aim Taxexempt FundsPairCorr
  0.92FLCNX Fidelity ContrafundPairCorr
  0.64GLEAX Goldman Sachs MlpPairCorr
  0.91STRBX Sterling Capital BehPairCorr
  0.94FAHYX Fidelity Advisor HighPairCorr
  0.93GPPSX Goldman Sachs ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Anchor Mutual Fund performing well and Anchor Tactical 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 Anchor Tactical'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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