Asg Global Correlations

Mutual Funds . USA . 
Fund . Asg Global Alternatives
GAFYX Fund  USD 11.05  0.01  0.09%   
The current 90-days correlation between Asg Global Alternatives and Asg Managed Futures is 0.03 (i.e., Significant diversification). The correlation of Asg Global 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.

Asg Global Correlation With Market

Very poor diversification

The correlation between Asg Global Alternatives and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asg Global Alternatives and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Asg Global Alternatives. 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 manufacturing.

Moving together with Asg Mutual Fund

  0.98NOANX Natixis OakmarkPairCorr
  0.99NOIAX Natixis Oakmark IntePairCorr
  0.99NOICX Natixis Oakmark IntePairCorr
  0.99GCPAX Gateway Equity CallPairCorr
  0.99GCPCX Gateway Equity CallPairCorr
  0.99GCPNX Gateway Equity CallPairCorr
  0.99NOIYX Natixis Oakmark IntlPairCorr
  0.99GCPYX Gateway Equity CallPairCorr
  0.75LGANX Loomis Sayles LimitedPairCorr
  0.81LGBCX Loomis Sayles InvestmentPairCorr
  0.83LGBNX Loomis Sayles InvestmentPairCorr
  0.99LGMAX Loomis Sayles GlobalPairCorr
  0.99LGMCX Loomis Sayles GlobalPairCorr
  0.99LGMNX Loomis Sayles GlobalPairCorr
  0.99LGRCX Loomis Sayles GrowthPairCorr
  0.99LGRNX Loomis Sayles GrowthPairCorr
  0.99LGRRX Loomis Sayles GrowthPairCorr
  0.99VNSYX Vaughan Nelson SelectPairCorr
  0.99VNSCX Vaughan Nelson SelectPairCorr
  0.99VNSAX Vaughan Nelson SelectPairCorr
  0.99VNSNX Vaughan Nelson SelectPairCorr
  0.98VNVCX Vaughan Nelson ValuePairCorr
  0.98VNVAX Vaughan Nelson ValuePairCorr
  0.98VNVNX Vaughan Nelson ValuePairCorr
  0.98VNVYX Vaughan Nelson ValuePairCorr
  0.94LIGCX Loomis Sayles InternPairCorr
  0.82LIGAX Loomis Sayles InvestmentPairCorr
  0.94LIGGX Loomis Sayles InternPairCorr
  0.94LIGNX Loomis Sayles InternPairCorr
  0.83LIGRX Loomis Sayles InvestmentPairCorr
  0.94LIGYX Loomis Sayles InternPairCorr
  0.85NRCFX Aew Real EstatePairCorr
  0.85NRFAX Aew Real EstatePairCorr
  0.86NRFNX Aew Real EstatePairCorr
  0.86NRFYX Aew Real EstatePairCorr
  0.99NSFLX Natixis SustainablePairCorr
  0.99NSFKX Natixis SustainablePairCorr
  0.99NSFJX Natixis SustainablePairCorr

Moving against Asg Mutual Fund

  0.47AMFAX Asg Managed FuturesPairCorr
  0.43AMFNX Asg Managed FuturesPairCorr

Related Correlations Analysis

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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   
AMFNX
+ 1.0
AMFAX
NOICX
+ 1.0
NOIAX
NOIYX
+ 1.0
NOIAX
NOIYX
+ 1.0
NOICX
GCPCX
+ 1.0
GCPAX
GCPNX
+ 1.0
GCPAX
  
High negative correlations   
NOANX
- 0.51
AMFAX
NOANX
- 0.49
AMFNX
GCPCX
- 0.45
AMFAX
GCPAX
- 0.45
AMFAX
GCPYX
- 0.44
AMFAX
NOIYX
- 0.44
AMFAX

Risk-Adjusted Indicators

There is a big difference between Asg Mutual Fund performing well and Asg Global 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 Asg Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMFAX  0.32  0.00  0.00  0.15  0.00 
 0.00 
 0.57 
(0.97)
 2.66 
AMFNX  0.32  0.00  0.00  0.13  0.00 
 0.00 
 0.56 
(0.83)
 2.62 
NOANX  0.71  0.08  0.08  0.22  0.60 
(0.81)
 1.82 
(1.25)
 5.76 
NOIAX  0.65  0.15  0.10  0.42  0.48 
(0.72)
 1.52 
(1.19)
 3.83 
NOICX  0.66  0.14  0.09  0.41  0.50 
(0.78)
 1.55 
(1.21)
 3.83 
GCPAX  0.35  0.07  0.01  0.27  0.30 
(0.39)
 1.04 
(0.70)
 2.70 
GCPCX  0.36  0.07  0.01  0.26  0.27 
(0.39)
 1.09 
(0.66)
 2.68 
GCPNX  0.35  0.07  0.01  0.27  0.30 
(0.37)
 1.03 
(0.66)
 2.71 
NOIYX  0.66  0.15  0.10  0.41  0.48 
(0.76)
 1.53 
(1.19)
 3.85 
GCPYX  0.35  0.07  0.01  0.27  0.31 
(0.38)
 1.08 
(0.71)
 2.71 

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