Active M Correlations

Mutual Funds USA . 
Fund . Active M Emerging
NMMEX Fund  USD 17.22  0.08  0.47%   
The current 90-days correlation between Active M Emerging and Auer Growth Fund is -0.04 (i.e., Good diversification). The correlation of Active M 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Active M Emerging. 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 income.

Moving together with Active Mutual Fund

  0.88VEMAX Vanguard Emerging MarketsPairCorr
  0.88VEIEX Vanguard Emerging MarketsPairCorr
  0.88VEMIX Vanguard Emerging MarketsPairCorr
  0.88VEMRX Vanguard Emerging MarketsPairCorr
  0.88FWWNX American Funds NewPairCorr
  0.88FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.88NWFFX New World FundPairCorr
  0.88NEWCX New World FundPairCorr
  0.87ODVYX Oppenheimer DevelopingPairCorr
  0.89SMPIX Semiconductor UltrasectorPairCorr
  0.89SMPSX Semiconductor UltrasectorPairCorr
  0.88RSNRX Victory Global NaturalPairCorr
  0.72EMO Clearbridge Energy MlpPairCorr
  0.88RSNYX Victory Global NaturalPairCorr
  0.88RGNCX Victory Global NaturalPairCorr
  0.88JPM JPMorgan ChasePairCorr
  0.76BA Boeing Earnings Call This WeekPairCorr

Moving against Active Mutual Fund

  0.59MCD McDonaldsPairCorr
  0.36TRV The Travelers CompaniesPairCorr
  0.32WMT Walmart Sell-off TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active M 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 Active M'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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