At Equity Correlations
AWYIX Fund | USD 61.36 0.08 0.13% |
The current 90-days correlation between At Equity Income and Calvert Conservative Allocation is 0.86 (i.e., Very poor diversification). The correlation of At Equity 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 Equity Correlation With Market
Very poor diversification
The correlation between At Equity Income and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding At Equity Income and DJI in the same portfolio, assuming nothing else is changed.
AWYIX |
Moving together with AWYIX Mutual Fund
0.99 | AWEIX | Invesco Disciplined | PairCorr |
0.97 | AWGIX | Cibc Atlas All | PairCorr |
0.99 | AWIIX | At Income Opportunities | PairCorr |
0.96 | AWMIX | At Mid Cap | PairCorr |
0.92 | AWWIX | Cibc Atlas International | PairCorr |
0.97 | VTSAX | Vanguard Total Stock | PairCorr |
0.99 | VFIAX | Vanguard 500 Index | PairCorr |
0.97 | VTSMX | Vanguard Total Stock | PairCorr |
0.99 | VITSX | Vanguard Total Stock | PairCorr |
0.97 | VSMPX | Vanguard Total Stock | PairCorr |
0.97 | VSTSX | Vanguard Total Stock | PairCorr |
0.99 | VFINX | Vanguard 500 Index | PairCorr |
0.97 | VFFSX | Vanguard 500 Index | PairCorr |
0.99 | VINIX | Vanguard Institutional | PairCorr |
0.99 | VIIIX | Vanguard Institutional | PairCorr |
0.97 | PDI | Pimco Dynamic Income | PairCorr |
0.93 | FTCAX | Templeton Strained Bond | PairCorr |
0.96 | RRITX | T Rowe Price | PairCorr |
0.82 | XMSDX | Morgan Stanley Emerging | PairCorr |
0.95 | MSACX | Active International | PairCorr |
0.97 | BDHIX | Blackrock High Income | PairCorr |
0.97 | FSTBX | Federated Global All | PairCorr |
0.97 | SFPIX | Financial Services | PairCorr |
0.81 | WABSX | Western Asset Interm | PairCorr |
0.99 | LEZAX | Blackrock Lifepath Esg | PairCorr |
0.98 | WABACX | Wabacx | PairCorr |
0.96 | BGGIX | William Blair Global | PairCorr |
0.97 | PNSIX | T Rowe Price | PairCorr |
0.96 | STSNX | Sterling Capital Stratton | PairCorr |
0.99 | PDEJX | Prudential Day One | PairCorr |
0.98 | APDRX | Artisan Global Oppor | PairCorr |
0.98 | VSCGX | Vanguard Lifestrategy | PairCorr |
Moving against AWYIX Mutual Fund
0.97 | USPSX | Profunds Ultrashort | PairCorr |
0.77 | TCTGX | Transamerica Cleartrack | PairCorr |
0.76 | TDKTX | Cleartrack 2015 Class | PairCorr |
0.97 | USPIX | Profunds Ultrashort | PairCorr |
0.97 | UIPIX | Ultrashort Mid Cap | PairCorr |
0.77 | TCTJX | Transamerica Cleartrack | PairCorr |
0.73 | TCSUX | Cleartrack 2020 Class | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between AWYIX Mutual Fund performing well and At Equity 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 Equity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CAARX | 0.26 | 0.04 | (0.10) | 0.25 | 0.10 | 0.68 | 1.88 | |||
ELDFX | 0.32 | 0.08 | 0.01 | 0.34 | 0.00 | 1.10 | 2.22 | |||
HIIDX | 0.48 | 0.15 | 0.11 | 0.50 | 0.26 | 1.21 | 3.13 | |||
QDARX | 0.07 | 0.03 | (0.85) | 20.46 | 0.00 | 0.16 | 0.56 | |||
PGBAX | 0.14 | 0.05 | (0.38) | (2.18) | 0.00 | 0.34 | 1.04 | |||
TLSHX | 0.26 | 0.11 | (0.05) | (3.95) | 0.00 | 0.82 | 1.75 | |||
LIGFX | 0.24 | 0.05 | (0.12) | 0.32 | 0.00 | 0.67 | 1.63 | |||
XACVX | 0.60 | 0.25 | 0.13 | (13.97) | 0.40 | 1.55 | 3.71 |