Aegis Value Correlations

AVALX Fund

USD 46.58 0.20 0.43%

The current 90-days correlation between Aegis Value Fund and Dreyfusstandish Global Fixed is 0.1 (i.e., Average diversification). The correlation of Aegis Value 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.

Aegis Value Correlation With Market

Good diversification

The correlation between Aegis Value Fund and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegis Value 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 Aegis Value 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 bureau of economic analysis.

Moving together with Aegis Mutual Fund

0.84	VSIIX	Vanguard Small Cap	Pair Corr
0.84	VISVX	Vanguard Small Cap	Pair Corr
0.85	DFSVX	Us Small Cap	Pair Corr
0.85	DFFVX	Us Targeted Value	Pair Corr
0.82	UBVCX	Undiscovered Managers	Pair Corr
0.82	UBVAX	Undiscovered Managers	Pair Corr
0.82	UBVSX	Undiscovered Managers	Pair Corr
0.85	AVFIX	American Beacon Small	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.92	VGTSX	Vanguard Total Inter	Pair Corr
0.92	VTIAX	Vanguard Total Inter	Pair Corr
0.89	ARBIX	Absolute Convertible	Pair Corr
0.95	JNRRX	Jennison Natural Res	Pair Corr
0.91	FABWX	Fabwx	Pair Corr
0.9	LMPLX	Clearbridge Large Cap	Pair Corr
0.86	MMEAX	Victory Integrity	Pair Corr
0.88	BMSCX	Blackrock Secured Credit	Pair Corr
0.91	TSAPX	Tiaa Cref Lifestyle	Pair Corr
0.88	MGINX	Deutsche Global Macro	Pair Corr
0.64	URIFX	Income Fund Income	Pair Corr
0.9	SWPPX	Schwab Sp 500	Pair Corr
0.93	SBIYX	Clearbridge International	Pair Corr
0.9	TRSPX	Tiaa Cref Sp	Pair Corr
0.75	GURIX	Guggenheim Risk Managed	Pair Corr
0.91	TILPX	Tiaa Cref Large	Pair Corr
0.87	RYAKX	Russell 2000 15x	Pair Corr
0.89	VEIPX	Vanguard Equity Income	Pair Corr
0.94	PGSYX	Pioneer Global Equity	Pair Corr
0.84	MOGLX	Gabelli Media Mogul	Pair Corr
0.92	VTMGX	Vanguard Developed	Pair Corr
0.78	MTFHX	Mainstay Mackay Strategic	Pair Corr

Moving against Aegis Mutual Fund

0.85

RSMMX

Victory Rs Small

Pair Corr

Related Correlations Analysis

	AVALX	DHGCX	HAHCX	HAGIX	DESSX	APHKX	FGUAX	ETFRX	NWALX	DEMSX
AVALX		0.3	0.9	0.9	0.89	0.92	0.8	0.9	0.87	0.92	AVALX
DHGCX	0.3		0.51	0.34	0.4	0.39	0.59	0.38	0.44	0.43	DHGCX
HAHCX	0.9	0.51		0.96	0.98	0.95	0.95	0.97	0.98	0.98	HAHCX
HAGIX	0.9	0.34	0.96		0.98	0.97	0.87	0.94	0.97	0.95	HAGIX
DESSX	0.89	0.4	0.98	0.98		0.96	0.92	0.97	0.99	0.98	DESSX
APHKX	0.92	0.39	0.95	0.97	0.96		0.87	0.93	0.95	0.96	APHKX
FGUAX	0.8	0.59	0.95	0.87	0.92	0.87		0.92	0.94	0.93	FGUAX
ETFRX	0.9	0.38	0.97	0.94	0.97	0.93	0.92		0.97	0.98	ETFRX
NWALX	0.87	0.44	0.98	0.97	0.99	0.95	0.94	0.97		0.97	NWALX
DEMSX	0.92	0.43	0.98	0.95	0.98	0.96	0.93	0.98	0.97		DEMSX
	AVALX	DHGCX	HAHCX	HAGIX	DESSX	APHKX	FGUAX	ETFRX	NWALX	DEMSX

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Risk-Adjusted Indicators

There is a big difference between Aegis Mutual Fund performing well and Aegis Value 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 Aegis Value'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
AVALX	0.78	0.24	0.13	(2.99)	0.46	(0.94)	1.77	(1.18)	4.11
DHGCX	0.18	0.00	(0.48)	0.17	0.18	(0.20)	0.26	(0.36)	1.09
HAHCX	0.16	0.06	(0.24)	0.50	0.00	(0.25)	0.57	(0.15)	1.17
HAGIX	0.84	0.18	0.17	0.31	0.69	(1.00)	2.49	(1.35)	5.96
DESSX	0.66	0.13	0.12	0.27	0.54	(0.76)	2.22	(1.13)	4.71
APHKX	0.43	0.07	(0.02)	0.31	0.33	(0.46)	1.01	(0.80)	2.93
FGUAX	0.06	0.01	(1.11)	0.39	0.00	(0.16)	0.10	(0.10)	0.52
ETFRX	0.34	0.08	0.00	0.38	0.00	(0.43)	0.81	(0.67)	2.78
NWALX	0.62	0.04	0.02	0.18	0.58	(0.67)	1.73	(1.03)	4.56
DEMSX	0.46	0.21	0.17	0.66	0.23	(0.57)	1.43	(0.99)	3.69

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