Add Value Correlations

AVFNV Fund

EUR 107.65 1.13 1.06%

The current 90-days correlation between Add Value Fund and Hydratec Industries NV is -0.03 (i.e., Good diversification). The correlation of Add 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.

Add Value Correlation With Market

Average diversification

The correlation between Add Value Fund and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Add Value Fund and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Add Value could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Add Value when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Add Value - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Add Value Fund to buy it.

Moving together with Add Fund

0.95	OPTMF	Optimix Mix Fund	Pair Corr
0.79	ROBA	Robeco Sust Global	Pair Corr
0.92	OPWAF	Optimix Wereld Aandelen	Pair Corr
0.88	AVWA	Cardano Impact Equity	Pair Corr

Related Correlations Analysis

	AVFNV	IUHE	HYDRA	IUSP	VDOT	CMEX	AALB	VALUE	I50D	EXXY
AVFNV		-0.33	0.47	-0.07	-0.25	0.56	0.7	0.64	0.93	0.58	AVFNV
IUHE	-0.33		-0.13	-0.37	-0.43	-0.43	-0.31	0.09	-0.28	-0.11	IUHE
HYDRA	0.47	-0.13		0.19	0.02	0.48	0.55	0.22	0.5	0.14	HYDRA
IUSP	-0.07	-0.37	0.19		0.6	0.35	0.18	-0.43	-0.08	-0.12	IUSP
VDOT	-0.25	-0.43	0.02	0.6		0.25	0.15	-0.39	-0.18	-0.4	VDOT
CMEX	0.56	-0.43	0.48	0.35	0.25		0.73	0.24	0.61	0.07	CMEX
AALB	0.7	-0.31	0.55	0.18	0.15	0.73		0.53	0.84	0.22	AALB
VALUE	0.64	0.09	0.22	-0.43	-0.39	0.24	0.53		0.76	0.29	VALUE
I50D	0.93	-0.28	0.5	-0.08	-0.18	0.61	0.84	0.76		0.45	I50D
EXXY	0.58	-0.11	0.14	-0.12	-0.4	0.07	0.22	0.29	0.45		EXXY
	AVFNV	IUHE	HYDRA	IUSP	VDOT	CMEX	AALB	VALUE	I50D	EXXY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

I50D	+ 0.93	AVFNV
I50D	+ 0.84	AALB
I50D	+ 0.76	VALUE
AALB	+ 0.73	CMEX
AALB	+ 0.7	AVFNV
VALUE	+ 0.64	AVFNV

High negative correlations

VALUE	- 0.43	IUSP
CMEX	- 0.43	IUHE
VDOT	- 0.43	IUHE
EXXY	- 0.4	VDOT
VALUE	- 0.39	VDOT
IUSP	- 0.37	IUHE

Risk-Adjusted Indicators

There is a big difference between Add Fund performing well and Add Value 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 Add 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
AVFNV	0.88	0.20	0.06	1.41	0.80	(0.99)	1.94	(1.34)	5.17
IUHE	0.79	(0.04)	0.00	1.48	0.00	0.00	1.77	(1.74)	4.61
HYDRA	0.73	0.00	(0.06)	0.00	1.07	(1.75)	2.48	(2.94)	7.27
IUSP	0.73	0.02	(0.14)	(1.62)	1.01	(0.69)	1.62	(1.73)	4.42
VDOT	2.58	0.27	0.05	0.39	2.55	(12.66)	8.33	(5.74)	43.74
CMEX	0.86	0.15	(0.02)	(37.78)	0.68	(1.04)	2.26	(1.26)	5.05
AALB	1.32	0.21	0.03	38.95	1.18	(1.58)	3.60	(2.00)	9.99
VALUE	1.26	0.18	0.01	(8.27)	1.30	(1.85)	3.16	(2.51)	12.47
I50D	0.59	0.26	0.14	10.79	0.00	(0.76)	1.63	(0.76)	4.41
EXXY	0.52	0.06	(0.17)	(0.23)	0.67	(0.57)	1.17	(0.83)	5.44

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