At Mid Correlations

Mutual Funds . USA . 
Fund . At Mid Cap
AWMIX Fund  USD 20.74  0.07  0.34%   
The current 90-days correlation between At Mid Cap and Ab All Market is -0.25 (i.e., Very good diversification). The correlation of At Mid 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.

At Mid Correlation With Market

Very poor diversification

The correlation between At Mid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Mid Cap 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 At Mid Cap. 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 AWMIX Mutual Fund

  0.71AWEIX Invesco DisciplinedPairCorr
  0.99AWGIX Cibc Atlas AllPairCorr
  0.97AWIIX At Income OpportunitiesPairCorr
  0.96AWWIX Cibc Atlas InternationalPairCorr
  0.98AWYIX At Equity IncomePairCorr
  0.74PAMCX T Rowe PricePairCorr
  0.74RRMGX T Rowe PricePairCorr
  0.73TRQZX T Rowe PricePairCorr
  0.74RPMGX T Rowe PricePairCorr
  0.67PRJIX T Rowe PricePairCorr
  0.67PRNHX T Rowe PricePairCorr
  0.67TRUZX T Rowe PricePairCorr
  0.67PCBIX Midcap Fund InstitutionalPairCorr
  0.67PEMGX Midcap Fund ClassPairCorr
  0.67PMBCX Midcap Fund ClassPairCorr
  0.65CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.96CASCX Columbia PacificasiaPairCorr
  0.98MSHLX Growth Portfolio Class Steady GrowthPairCorr
  0.69MSKLX Mid Cap GrowthPairCorr
  0.72CISGX Touchstone Sands CapitalPairCorr
  0.75KAMIX Kensington Managed IncomePairCorr
  0.99PNSCX Putnam Small CapPairCorr
  0.63RFATX Investment Grade BondPairCorr
  0.71NEA Nuveen Amt FreePairCorr
  0.99AULGX Ultra Fund R5PairCorr
  0.98CHRSX Invesco CharterPairCorr
  0.99FNSFX Fidelity Freedom 2060PairCorr
  0.97MIGFX Massachusetts InvestorsPairCorr
  0.98DREQX Dreyfus Research GrowthPairCorr
  0.98MEICX Mfs Value FundPairCorr
  0.96GERIX Goldman Sachs EmergingPairCorr
  0.88RAPIX Cohen Steers RealPairCorr
  0.74CPBFX Invesco E PlusPairCorr
  0.94JELMX Jhn Hk ModrPairCorr
  1.0MRLSX Amg Renaissance LargePairCorr
  0.98FAFRX Franklin Floating RatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between AWMIX Mutual Fund performing well and At Mid 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 At Mid'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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